Banks of India are going on strike on March 15, 2021, and March 16, 2021. Now it is expected that this strike will be a problem for 4 days. According to sources, it is observed that almost 10 lakh staff of public sector banks and outdated era personal banks will go on strike this time. The reason behind this strike is that staff personals are doing this in opposition to the central authorities’ determination to private-public sector banks.
How this strike affect 4 days?
It is observed that the strike will take place on March 15 and March 16. But banks will already close on March 13 on account of the second Saturday and on March 14 it will be Sunday. So in this way, this strike will affect the users of banks. But you can easily continue your transactions through ATMs as they are likely to function during these days. However, it is stated that the financial institution has made preparations for regular functioning in all branches and workplaces. But the officials have cleared that during this strike the work will surely be affected by the officials. Some of the transactions could be possible during this time. But you need to make sure to complete your important task before this strike to not to suffer in any kind of delay in your work.
Federal government and unions
There are various conciliation conferences are holding on March 4, March 9, and March 10 between the federal government and the unions. This union meeting was held by the All India Financial institution Workers Affiliation Chief Labour Commissioner SC Joshi. Joshi added that this meeting was regarding the privatizations of the banks. However, the Finance Ministry consultant couldn’t give any such dedication. He added that this was the reason that strike will be continued for this long. As in the meeting the assembly yield any optimistic end result.
Private banks functioning
There are few banks that will even operate during these strikes. These banks are HDFC Bank, ICICI Bank, and Kotak Mahindra Bank, as these are private banks. But those who are expecting to perform cheque transactions need to be careful as the clearances will likely be impacted till March 17, 2021.