Banks will remain open on September 4, 5 owing to RBI employees strike withdrawal
Posted on: 04/Sep/2018 12:07:40 PM - No. of views : (2354)
The Reserve Bank of India (RBI) employee unions withdrew their two day long strike on Monday. After much discussions with RBI authorities the bank body requested time to consider all the demands kept by the employees. As the strike was into the action by the mass casual leave the hearing and discussion lead to the banks remain open on September 4 and 5.
The two day mass casual leave was called off by the United Forum of Reserve Bank Officers and Employees (UFRBOE) referring to the considerations of their demands assured by the higher officials of RBI. Resolving of all the demands requires more time and the consideration paved way for the closure of the strike.
If the mass casual leave had took place as per the plan then the banking transactions would�ve terminated in many important regions of the country causing huge disruption in general public life. People�s opinion in this strike regard was not generic as they expect some responsibility from the governmental bank body not to disturb the daily activities of their lives owing to reasons of employee beneficial demands.
The main demand over the strike was the contributory provident fund (CPF) retainers to switch over to pension scheme and also the granting of Additional provident fund (APF) for those who joined RBI after 2012. Lots of confusion triggered among public as the strike news of bank operations terminating for six days spread widely through WhatsApp. Now the clarification was a big relief and in turn the economists suggest employee bodies not to disrupt the public for the sake of individual body�s beneficial demands
