Strike & Holidays: Banks to remain closed for 5 days

Bhubaneswar: Banking transactions are likely to be affected today as the banks will remain closed due to a strike called by the All India Bank Officers’ Confederation (AIBOC) over various demands.

The AIBOC has called for the strike demanding revision in salary and calling off the merger of three public sector banks – Bank of Baroda, Vijaya Bank and Dena Bank and five working days for the bank employees in a week.

“The main demands of the Confederation include salary revision of Scale-I to Scale-VII officers and revoke of proposal for amalgamation of public sector banks,” Convenor of State Bank of India, Sambit Mishra said.

In the wake of the strike, banks will remain close today. The banks will remain closed on December 22 and 23 on account of fourth Saturday and Sunday respectively; whereas December 25 will be national holiday for Christmas. On Monday (December 24), banks will remain open.

Similarly, the banks will remain closed on December 26 due to a strike called by the United Forum of Bank Unions.

Due to the strikes, monetary transactions are likely to be affected and there might be shortage of cash in the ATMs. However, transactions of private banks will not be affected as they will work normally.