Are you procrastinating on any important banking services and planning to do those next week? You might be taken for a rude surprise because come September first week, banking services might take a hit for four consecutive days between September 2-5. While September 2 is a Sunday and September 3 a holiday in a few states due to Janmashtami, RBI employees have announced strike on September 4 and 5.
This means that banking services, like transfer of funds, might get affected even if your respective banks are open on September 4 and 5. In addition, ATMs also might run as cash flow is likely to get affected due to the strike and holidays.
September 6 and 7 are working days, followed by two holidays again as September 8 is a second Saturday.
The two-day mass casual leave called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) will have repercussions across all lenders in the country. The bank employees are protesting over pension related issues. “UFRBOE has called the mass casual leave on September 4 and 5 which will be participated by all officers, paralysing the central bank’s functions for two days,” UFRBOE member and All India Reserve Bank Employees Association General Secretary Samir Ghosh had said.
The main demands of the forum are providing an option to contributory provident fund (CPF) retainers to switch over to pension scheme, and grant of additional provident fund (APF) to those recruited in the bank from 2012.