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5 Days Banking: AIBOC to Observe Two-day Nationwide Bank Strike in February; Operations to be Disrupted for Four Consecutive Days
All India Bank Officers’ Confederation (AIBOC), the largest organisation among bank officers, has decided on a two-day nationwide strike on 24-25 February 2025, demanding the implementation of the long-pending #5DaysBanking. Banking services are expected to be disrupted for four consecutive days.
Author: Abhivad
Published: January 7, 2025
The All India Bank Officers’ Confederation (AIBOC) has decided to go on a two-day nationwide strike on 24 and 25 February 2025, pressing for the implementation of the five-day working week for bankers, a demand approved by the Indian Banks' Association (IBA) but awaiting government clearance. The strike is expected to impact banking operations significantly, especially as it coincides with regular weekend holidays, leading to a four-day disruption in services.
The strike, scheduled for 24 and 25 February 2025, comes after prolonged discussions on the demand for a five-day workweek for banks. This proposal was recommended to the Department of Financial Services (DFS) by the Indian Banks’ Association (IBA) during the 12th Bipartite Settlement talks. However, the final decision remains pending with the DFS and the Government of India (GOI).
Decision by AIBOC Executive Committee:
The decision to call for the strike was taken during the AIBOC’s Executive Committee meeting held on 06 January 2025. Kanal verified the decision with the AIBOC leadership, stating that an official circular confirming the strike will be released soon. As the strike is expected to disrupt banking operations for four consecutive days from 22 to 25 February, customers are advised to complete their banking transactions in advance to avoid inconvenience.
The call for a five-day banking week has been a long-standing demand of bank employees and officers, aimed at improving work-life balance and aligning with global practices. While the IBA has supported the demand, the delay in approval from the DFS and GOI has triggered the upcoming strike. The burning issues among the bankers also include issues like staff shortage, work pressure, unethical practices like target pressure on third party products, proposed taxation on perquisites etc.
With the official circular awaited, AIBOC’s strike announcement underlines the urgency for policy decisions to address workforce concerns in the banking sector. Customers are advised to plan ahead to mitigate the impact of the four-day banking disruption.