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Banks cud remain close for two days post Janmashtami

bank strike by RBI staff members is expected to paralyse banking operations of the central and other state banks across the country

While you may be preparing to celebrate the festival of Janmashtami, you also need to be aware of two day bank strike that will most likely follow.

The strike by Reserve Bank of India employees is likely to paralyse banking operations in several parts of the country from September 1 to September 5.

It need be mentioned that the beginning of September may come with a 5-day bank closure in many states and banking services may take a serious hit.

It is said that while most banks operate on first Saturdays of the month, banks in some states are closed on Saturdays or operate only for half a day.

The bank strike by RBI staff members is expected to paralyse banking operations of the central and other state banks across the country.

It emerged that the main demand of the United Forum of Reserve Bank Officers and Employees forum is to provide an option to the retainers of Contributory Provident Fund (CPF) to switch over to pension scheme.

The other demand of the forum is to grant additional provident fund (APF) to those recruited in the bank from 2012.

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