India is closed today, will banks and ATMs also remain closed due to the nationwide strike? know this

Bharat Bandh is being observed across the country on Thursday in view of the nationwide strike called by the Joint Forum of Central Trade Unions to protest against the alleged anti-labor policies of the Central Government. Banking unions are also involved in this strike. Thus, amid the strike, there is uncertainty over banking operations, and customers across cities are unsure whether branches will function normally or they will face disruptions as many bank unions are supporting the strike call.

Will banks be open today?

Although banks will remain open, there may be disruption in services as major institutions like State Bank of India, Bank of Baroda and UCO Bank have informed BSE about possible service impacts during the Bharat Bandh.

Bank of Baroda, through information provided to BSE, has informed customers that although the bank is preparing to resume normal operations, branch services may be affected in the event of a strike. Similarly, SBI informed that while necessary arrangements have been made to ensure normal functioning, functioning in branches and offices may be affected to a limited extent.

UCO Bank has given similar statements in its letter filed with BSE, stating that steps are being taken for smooth operations, but in case of a strike, the functioning of the branches may be affected. For customers who want to know about bank services on February 12, it is important to note that although banks are not officially closed, planning transactions in advance can help avoid inconvenience caused by possible service limitations.

Which bank unions are participating and why? –
Major bank unions including All India Bank Employees Association (AIBEA), All India Bank Officers Association (AIBOA) and Bank Employees Federation of India (BEFI) joined hands with 10 central trade unions for this protest. They have raised concerns over the new labor laws and alleged that these reforms are not in the interest of workers and may make trade union registration more difficult.

The protests come at a time when bank unions are actively campaigning for better working conditions, including the long-pending demand for a five-day working week to enhance work-life balance for employees.

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