Complete important work today, banks and insurance services will be affected across the country tomorrow.

Customers reaching the bank early in the morning may find the doors closed on Thursday. Due to the strike of bank employees across the country, work in bank branches is likely to be affected at many places. This strike is being conducted in protest against the labor policies of the Central Government and many issues related to the banking sector.

Many bank unions and employee organizations have supported this strike. Due to this, common people may face problems in cash withdrawal, check clearance, passbook update and other banking services. At the same time, insurance sector employees are also joining this movement, due to which insurance services may also be affected.

Why is there a nationwide bank strike?

There are many demands of the employees behind the bank strike taking place across the country. Bank unions say that the new labor policies of the Central Government are not in the interest of the employees. They allege that these policies will affect the job security and rights of employees.

Unions say that the process of privatization of public sector banks and insurance companies can also prove to be harmful for both the employees and the general public. He believes that if banks go into private hands, services may become expensive and employment opportunities may also reduce. Issues like shortage of employees, increasing system of outsourcing and ending of the old pension scheme are also among the main reasons for this strike.

What will be the impact on bank and insurance services?

Due to bank strike, work in bank branches may be affected in many parts of the country. Although limited services are expected to continue at some places, there may be delays in cash deposit and withdrawal, check clearance and loan related services.

Digital banking services such as internet banking, mobile banking and ATM services will continue to operate normally, but branch operations may be affected. Therefore, customers are being advised to complete important banking work in advance or use digital medium. Employees of insurance companies are also joining the strike, which may also lead to delays in settlement of insurance claims and new policy services.

Big meeting will be held in Gandhi Hall in Indore

Chairman of Madhya Pradesh Bank Employees Association, Mohan Krishna Shukla said that a big general meeting will be organized at Abhinav Kala Samaj, Gandhi Hall, Indore at 10 am. A large number of bank employees will participate in this and raise their voice regarding their demands.

Before the strike, employees also demonstrated outside Punjab National Bank on Wednesday evening. Employees say that their demands are not limited to the employees only, but also include the interests of the common people associated with banking services.

What effect will the bank strike have on the general public?

Bank strike can have a direct impact on the daily needs of common people. People who go to the bank and do cash transactions may face problems. Especially small traders and shopkeepers may face difficulty in cash transactions.

Although the problem may be reduced to some extent due to the increasing use of digital payments, there is still greater dependence on bank branches in rural areas. In such a situation, there may be more problems due to the strike.

What are the main demands of bank unions?

Bank unions say that the number of employees is continuously decreasing, due to which work pressure is increasing. They allege that the government is promoting outsourcing, which is affecting permanent jobs. Apart from this, plans for privatization of public sector banks are also being opposed. Employees say that this may affect the accessibility and trust of banking services.