{"id":1243501,"date":"2023-03-07T11:10:27","date_gmt":"2023-03-07T05:40:27","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1243501"},"modified":"2023-03-07T11:10:59","modified_gmt":"2023-03-07T05:40:59","slug":"bank-employees-will-now-get-every-saturday-off-but-will-work-extra-hours-on-weekdays","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/bank-employees-will-now-get-every-saturday-off-but-will-work-extra-hours-on-weekdays\/","title":{"rendered":"Bank Employees Will Now Get Every Saturday Off: But Will Work Extra Hours On Weekdays"},"content":{"rendered":"\n

The people who work five days a week, mostly from IT, look forward to weekends to visit the banks.<\/p>\n\n\n\n

\"Bank<\/figure>\n\n\n\n

To be specific, the first and third Saturdays are windows for Indians who are still visiting banks on a weekend in the digital age. <\/p>\n\n\n\n

At times these people have to watch out for bank holidays and strikes in the country, before planning procedures which require their presence. <\/p>\n\n\n\n

However, this needs to be changed now as weekend visits to the local branch may not be possible, since lenders may shift to five-day work weeks.<\/p>\n\n\n\n

Why Would This Happen?<\/strong><\/p>\n\n\n\n

It appears that the Indian Banks’ Association (IBA) has agreed to give all Saturdays off to bank employees.<\/p>\n\n\n\n

The decision was taken following discussions with the United Forum of Bank Employees.<\/p>\n\n\n\n

But as always there is a catch as now the bank employees  will have to work for more hours per day. <\/p>\n\n\n\n

So, it looks like that the government as an owner of public sector lenders and the Reserve Bank of India will have to accept this, before they decide on new timings. <\/p>\n\n\n\n

While the deal about working days was negotiated separately from wages, a senior union official wasn’t present reportedly<\/a>.<\/p>\n\n\n\n

LIC Made The Move Ahead<\/strong><\/p>\n\n\n\n

It appears that Life Insurance Corporation, popularly known as LIC is an Indian state-owned insurance group and investment company has already made the move.<\/p>\n\n\n\n

Further, the report says that 40 minutes will be added to the daily work hours for bank staff, in exchange for two additional days off. <\/p>\n\n\n\n

The move from IBA comes following the LIC’s acceptance of a five-day work week and plans for stock markets to align trading with western economies.<\/p>\n\n\n\n

Here, bankers  have acknowledged the fact that while ATMs and e-banking have become primary service channels for customers, there is still a set of people who visit their local branches regularly.<\/p>\n\n\n\n

Besides this, Cash deposit machines and passbook printing devices have also been installed along with ATMs.<\/p>\n\n\n\n

So that the bank visitors can benefit from these devices with self-service.<\/p>\n","protected":false},"excerpt":{"rendered":"

The people who work five days a week, mostly from IT, look forward to weekends to visit the banks. To be specific, the first and third Saturdays are windows for Indians who are still visiting banks on a weekend in the digital age.  At times these people have to watch out for bank holidays and […]<\/p>\n","protected":false},"author":24,"featured_media":1243507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[187],"tags":[1048,1047],"class_list":["post-1243501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-bank-employees","tag-bank-holiday"],"acf":[],"yoast_head":"\nBank Employees Will Now Get Every Saturday Off: But Will Work Extra Hours On Weekdays - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/bank-employees-will-now-get-every-saturday-off-but-will-work-extra-hours-on-weekdays\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Employees Will Now Get Every Saturday Off: But Will Work Extra Hours On Weekdays - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"The people who work five days a week, mostly from IT, look forward to weekends to visit the banks. 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