Bank Services will be hit for five days in Next week

Hyderabad: Next week Banks services will be hit for as many as five days in a row as Trade unions have announced a two day nation wide strike from September 26 to 27 and this will be followed by a two day holiday due to Second Saturday and Sunday .

Also Monday September 30 is not a RBI declared bank Holiday but it is the day of half yearly closing and public dealing will be severely restricted hence a good five days from September 26 to Monday September 30 will be closed for public To top it again on October 2 which happens to be Gandhi Jayanthi is also a national holiday .

These four  day breaks barring September 29 which happens to be a Sunday  is likely to to affect bank operations including cash deposits , salary credit for employees and cash transfer, resulting in hardships for customers who need to plan their transactions during the period .

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The Unions are protesting for fear of job loss following the Public sector banks mergers announced by the Union Finance Minister Nirmala Sitharaman .

It maybe recalled that Finance Minister Nirmala Seetharaman had announced merging of ten state run Bnaks into four entities as such  four public sector bank Unions have announced two day strike in protest which includes All India Bank Officers Confederation (AIBOC), All India Bank Officers Association (AIOBOA) Indian National Bank Officers Congress (INBOC) and National Organisation of Bank Officers (NOBO) who have come together and called for a All India strike on September 26 and 27 ,

It may also be noted that the Union Minister consolidation Punjab National Bank , Oriental Bank of Commerce and United Bank of India will become on entity , Union Bank of India will merge with Andhra Bank and Corporation Bank, Canara Bank and Syndicate Bank will combine and Indian Bank will merge with Allahabad Bank. The State Bank meanwhile has said that if the Unions go on strike they have made arrangements to ensure there is normal functioning in its branches and offices however work may be impacted to some extent .

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