New Delhi: The two-day nationwide bank strike called by the United Forum of Bank Unions (UFBU), demanding early wage revision settlement began today.
Several banks have already warned customers that its services could be impacted for two days.
The early wage revision settlement has been due since November 1, 2017.
The bank employees unions on Thursday decided to go on with the strike after a meeting with the Indian Bank Association (IBA) remained inconclusive.
The strike coincided with the beginning of the Budget session of parliament and presentation of union Budget 2020-21.
The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).
In a circular, UFBU accused the IBA of a rigid approach towards demands for a fair wage revision settlement.
Unions are demanding 20 percent hike on payslip components with adequate loading.
The strike calendar includes a 3-day bank strike from March 11 and another indefinite all-India bank strike from April 1 if the wage settlement is not completed.