Bank employees have been demanding for a long time to declare 5 working days. According to the report, the Indian Banks’ Association (IBA) has shown a soft stance in this matter.
It is being said that he is going to send this proposal to the central government soon. As soon as the approval is received from the center, the system of working 5 days a week and 2 days off can be implemented.
As per the convenience of the employees, the system of 5 working days in a week and 2 days off is applicable in many corporate offices located in the metropolitan cities of the country. Under this system, arrangements have been made for the employees to work for about 9 hours instead of 8 hours per day. Bank employees have been demanding for a long time to implement a similar system in the banking sector.
bank union proposal
According to a circular issued by the All India Bank Employees Union to the Indian Banks’ Association, the Indian Banks’ Association (IBA) is considering the demand of bank unions to work for five days in banks. But, instead the total working hours would have to be increased by 40 minutes per day. An agreement was reached between the unions and the IBA on 28 February 2023 in this regard.
Proposal to do non-banking work in additional 40 minutes
The Indian Bank Association (IBA) bank unions meeting proposed that the total working hours of bank employees may be increased by 40 minutes per day with cash transactions from 10 am to 4 pm. The working time of non-cash transactions will be increased by 40 minutes. The IBA will soon send this proposal to the Finance Ministry and later to the Reserve Bank of India (RBI) for approval.
the challenges are no less
It is estimated that this proposal may get the approval of the Finance Ministry and RBI, as this system is already in force in the corporate and private sector. However, implementing this system in the public sector banking system also has its own challenges, which the central bank and ministries will definitely consider.
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