Bank Strike: Many Public Sector Banks to Remain Closed Across India on November 26, Here's Why

The 26 November strike will not affect digital transactions and users can still conduct transactions through NetBanking or Mobile Banking.

By Business Desk | Updated:Wed, November 25, 2020 12:28pm

New Delhi: If you have any work pending at your bank, make sure to do it today because most public sectors banks across India are planning to go on strike on Thursday i.e. November 26. Many banks have also issued an alert message to their customers through social media. Banks will resume their services on the next day i.e. November 27. After this, banks will be closed again on November 29 due to fourth Saturday and on November 29, Sunday. Also Read - Finance Minister Asks Banks to Ensure All Accounts Are Linked to Aadhaar by March 2021

Will digital transactions work?

The November 26 strike will not affect digital transactions and users can still conduct transactions through NetBanking or Mobile Banking. At the same time, you can withdraw money from ATMs.

Why has the strike being called?

According to the All India Bank Employees' Association (AIBEA) this strike is against the policies of the government that go against the interests of the economy, workers and farmers of the country. The All India Bank Employees' Association (AIBEA) on Tuesday said it would be joining the one-day nationwide strike on November 26 called by central trade unions to protest against the government's anti-labour policies. Ten central trade unions, except Bharatiya Mazdoor Sangh, will observe a nationwide general strike tomorrow.

"The Lok Sabha in its recently held session has passed three new labour enactments by dismantling existing 27 enactments in the name of 'Ease of Business', which are purely in the interest of corporates. In the process, 75 per cent of workers are being pushed out of the orbits of labour laws since they will have no legal protection under the new enactment," the AIBEA said in a release.

Which banks will remain closed?

Notably, AIBEA represents most banks except State Bank of India and Indian Overseas Bank. It has four lakh bank employees from various public and old private sector and a few foreign banks as its members. In Maharashtra, around 30,000 bank employees from 10,000 bank branches of public sector banks, old generation private sector banks, regional rural banks and foreign banks are observing the strike, AIBEA release said.

The union said bank employees on November 26 will also focus on their demands such as opposition to bank privatisation, opposition to outsourcing and contract system, adequate recruitment, stern action against big corporate defaulters, increase in rate of interest on bank deposits and reduction in service charges.


Published:Wed, November 25, 2020 11:21am | Updated:Wed, November 25, 2020 12:28pm


AIBEA All India Bank Employees' Association bank bank strike Bank strike on 26th november Public sectors banks RBI unions SBI

Business News

Gold Price Today: Yellow Metal Rates Slip Third Day in a Row, Best Time to Buy Now
Is RBI Planning to Scrap Old Notes of Rs 100, 10 And 5? Check Government's Statement
Voter-ID Cards to go Digital From Tomorrow | Know How to Download it
Budget 2021: Tax Slabs May Remain Unchanged But Salaried Taxpayers Likely to Get Some Relief This Year
Budget 2021: Govt Can Consider Tax Deduction For Employees Working From Home

Latest News

Priyanka Gandhi Lends Help to Deceased Party Worker's Kin as Congress Reaches Out To Grassroot Workers in UP
TRP Scam: Arnab Goswami Paid me Rs 40 Lakhs to Fix Ratings, Says BARC ex-CEO Partho Dasgupta
MS Dhoni's New Look Ahead of IPL 14 is Winning Hearts | SEE PICS
Shikhar Dhawan Shares Picture on Instagram Feeding Birds in Varanasi, His Boatman to Face Action
45-yr-old Tied To Tree With Barbed Wires And Burnt Alive in UP's Bareilly

Explore more