It was declared to extend the working hours in the All India Bank Employees Association letter to the Indian Bank Association. The employees want two days off a week and are willing to put in an extra 30 minutes of labor each day to obtain it (5 days). He claims that starting work 30 minutes earlier in the morning is possible for this. In addition, it has been suggested that customer service hours or non-cash transactions be extended daily by 30 minutes.
As per the proposed plan, the bank's business is to begin at 9.15 am rather than 9.45 am and to last until 4.45 pm as scheduled. As a result, cash transactions will occur between 9.30 and 1.30 and between 2.30 and 3.30. Non-cash transactions will also take place concurrently from 3.30 am to 4.45 pm.
The request has already been rejected.
All India Bank Employees Association (AIBEA), General secretary C.H. Venkatachalam, stated that the Indian Banks Association (IBA) rejected his request for a 5-day work week. He claimed that when LIC got its approval the previous year, this requirement was raised once more. Venkatachalam stated, "We have decided to lengthen the workday by 30 minutes each day. We anticipate agreement on this from the IBA, Government, and RBI."
IBA had proposed to increase the salary
During the rise of the covid-19 pandemic, the employees' union demanded a reduction in the number of working days.
The IBA rejected this proposal and stated that the staff could receive a 19% pay raise. Let us inform you that bank staff currently have a weekend off on the 2nd and 4th Saturdays of every month. They will have to labor in the bank for 7.30 hours daily if the employees' demand is granted. Customers will also be given an additional 30 minutes to finish their work in this manner. It can be challenging for individuals who used to finish their work on Saturdays.