Home News Know when the announcement that bank workers will be eligible for two...

Know when the announcement that bank workers will be eligible for two weeks of paid time off will be made?

July 23, 2023

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Workers in the banking industry may rejoice! The bank holiday that occurs each week is subject to significant variation. The Indian banking system will operate on a five-day week schedule, with two days off each month reserved for holidays. This is still being thought upon. On July 28th, if all goes as planned, a call will be made. The banking industry now closes every other Saturday and every fourth Sunday.

The United Forum of Bank Unions (UFBU) and the Indian Banking Association (IBA) are reportedly going to meet on Friday of next week to make this choice. On July 19th, UFBU said that they had previously brought up the idea of instituting five banking days.

More time will be spent at work.

All workers will need to put in an extra 40 minutes every day if the plan of working five days a week is enacted. The July 28 meeting is expected to cover this topic. In addition, permission from the Ministry of Finance and the Reserve Bank of India is required.

reduced the work week to only 5 days at the LIC office

The biggest insurance provider in the nation, the Life Insurance Corporation of India, made a significant statement just recently. LIC offices are now closed on the weekend. On May 1, this regulation became law on Long Island. Since the government instituted the rule of 5 business days in LIC, the need for such a system has come to the fore.