Keep Enough Cash With you as Banks Will Stay Closed For 5 Days

New Delhi: Bank unions have called for a nation-wide strike on 26 December to protest the proposed merger of Bank of Baroda, Dena Bank and Vijaya Bank, which was approved by the Central Government in September.

The strike is against the central government’s move. The concerned Public Sector banks are going ahead with their decision to protest against the proposed merger.

In June-end, the total business size of these three entities( Bank of Baroda, Dena Bank and Vijaya Bank) together was Rs 14.82 lakh crore and the merged entity will make it the third-largest lender in the country after State Bank of India (SBI) and HDFC Bank.

The strike will be organised by the United Forum of Bank Unions (UFBU), and all unions under UFBU will participate in this strike call on December 26.

Apart from this, the All India Officers Confederation, have  also called for a strike on December 21 where  the bank workers will be on strike in protest against the Centre's policy, and other issues like  wage revision and pays etc., which will affect the work of banks.

So the issue now is that this strike would affect banking transactions for 5 days because the PSU banks will be closed for five days from December 21 to December 26.

Here's how banking transactions are going to be affected:

21 December proposed strike by All India Officers Confederation

22 December is a fourth Saturday, which is a Bank holiday

23 December is a  Sunday.

24 December: Banks will be open on Monday,  which will be a working day for all Banks.

25 December  is a declared National Holiday on account of  Christmas

26 December, the strike will be conducted by the United Forum of Bank Union .

It is be noted that only the public sector banks are going to be on strike, whereas the private banks will be working regularly except for three days which are 22,23, and 25  December.

Also Read: No Replenishment Of Cash In ATMs After 9 pm From Next Year