LATEST
WEBSTORY
TRENDING

Vettaiyan prevue: Rajinikanth clashes with Amitabh Bachchan, Fahadh Faasil, fans call it 'best cinematic experience'

How MS Dhoni's sister played a crucial role in shaping his cricket career

This stock of Anil Ambani sees huge growth, price jumps more than 50% in a week

8 animals that never sleep

8 must-try local dishes in Jammu & Kashmir

10 most overworked countries in the world, where does India rank?

PHOTOS
VIDEOS
ENTERTAINMENT

From Mahira Khan to Sonam Kapoor, Alia Bhatt: Meet Fawad Khan's stunning leading ladies

Luxurious homes to swanky cars: Most expensive things owned by Virat Kohli

Akshay Kumar's biggest flop film was remake of a Malayalam blockbuster, still broke Guinness World Record set by...

Congress President Kharge Slams & Opposes 'One Nation, One Election' Proposal, Calls It Impractical

Why 'One Nation One Election' Is important? Ashwini Vaishnaw Explains After It Gets Cabinet Approval

Jammu Kashmir Assembly Election 2024 Phase 1 Highlights: What Happened In First phase In J&K Polls?

Vettaiyan prevue: Rajinikanth clashes with Amitabh Bachchan, Fahadh Faasil, fans call it 'best cinematic experience'

From Mahira Khan to Sonam Kapoor, Alia Bhatt: Meet Fawad Khan's stunning leading ladies

Anil Kapoor, Aditya Roy Kapur's The Night Manager becomes only entry from India to secure nomination at Emmy Awards 2024

Home Personal Finance

Personal Finance

Bank unions: ‘Working hour to be increased by 30 mins,’ here’s why

The bank unions want a 5-day work week with longer hours.

DNA Web Team

Updated : Oct 15, 2022, 09:24 AM IST | Edited by : Maitry Kothari

Bank unions: ‘Working hour to be increased by 30 mins,’ here’s why

The unions representing bank employees have now suggested extending the workweek to five days. The All India Bank Employees' Association (AIBEA) released a list of recommendations in a letter to the Indian Banks' Association.

The union suggested extending the current working hours by 30 minutes each day and starting them 30 minutes earlier, according to Livemint. Additionally, the union has suggested extending customer service hours by 30 minutes.

The proposed working hours will be from 9.15 am to 4.45 pm rather than from 9:45 am to 4:45 pm, according to the letter sent by the bank employees' union. It is suggested that the hours for cash transactions be changed to 9.30 am to 1.30 pm and 2 pm to 3.30 pm.

The union has suggested changing the non-cash transaction hours to be from 3.30 pm to 4.45 pm. The introduction of five days of work per week in banks has been a demand of the union, according to CH Venkatachalam, general secretary of the AIBEA, who spoke to the website. The Life Insurance Corporation first implemented it last year.

The Indian Banks Association had reportedly asked the union's office bearers for their opinions on making up for the loss of two Saturdays as holidays. He suggested that the working hours be extended by 30 minutes and expressed the hope that the IBA, the Centre, and the RBI would accept the suggestion.

The unions representing bank employees had pushed for a five-day workweek during the pandemic in order to protect their members from the Covid-19 virus. The IBA had declined the proposal but had given the workers a pay raise of 19% instead. The second and fourth Saturdays of every month, as well as every Sunday, are currently bank holidays.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed- Follow DNA on WhatsApp.