Bank employees were demanding 5 working days for a long time. Till now the government has not accepted this demand of the employees, but it is expected that by the end of this year the government can fulfill this demand. Actually, recently an agreement has been reached between the Indian Banks Association and the employee unions. Now only the approval from the government is awaited.
If approval is received from the government, then banks will open only five days a week. This means that banks will remain closed on Saturday and Sunday. Let us tell you that currently banks remain closed on the second-fourth Saturday of every month and every Sunday. Apart from this, there is a holiday in banks of many cities due to the festival.
Important role of RBI with the government
The government and the Reserve Bank of India (RBI) have an important role in approving the 5 working days of the bank. Actually, this proposal of the bank will go to RBI because all the work related to the bank is controlled by RBI. Approval will be given by the government only after the proposal gets approval from RBI.
There will be change in the working time of the bank also
According to media reports, if the bank gets approval on 5 working days, then there will be a change in the working timings of the bank. It is believed that daily working hours may increase by 40 minutes. This means that the bank will be open from 9.45 am to 5.30 pm.
When will the notification come?
It is expected that a notification may be issued by the government by the end of the year or the beginning of 2025. If approval is received from the government, then Saturday can be recognized as a holiday under the Negotiable Instruments Act.
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