SBI Officers’ Association Seeks MP’s Intervention for Early Implementation of Five-Day Banking Week

Srinagar: A delegation of the State Bank of India Officers’ Association (SBIOA), Jammu Module, met Lok Sabha MP Aga Syed Ruhullah Mehdi on Saturday and sought his intervention for the early implementation of a five-day banking week.

The delegation, led by SBIOA Jammu Module President Shah Zaman, urged the MP to take up the matter with the Union Finance Minister and the Department of Financial Services. It requested an early decision on the proposal to declare all Saturdays as holidays for bank employees.

The delegation said that a five-day banking week would provide bank employees with a more sustainable work schedule without affecting banking services. It suggested that weekday working hours could be adjusted to compensate for the reduced number of working days. Digital banking services, ATMs and other essential facilities would continue to remain available.

The delegation also stressed the need to make proper arrangements for elderly customers, people in rural areas and customers who are unable to use digital banking services. It said advance public communication and adequate staffing would be necessary to ensure that customers do not face difficulties.

According to the delegation, the Indian Banks’ Association (IBA), which represents bank managements, submitted a proposal on July 12, 2023, to declare all Saturdays as banking holidays. The delegation said the IBA’s recommendation was also recorded in the 12th Bipartite Settlement and 9th Joint Note signed on March 8, 2024. However, the government has not yet implemented 5-day banking.

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The delegation requested MP Aga Syed Ruhullah Mehdi to raise the issue with the Union Finance Minister and the Department of Financial Services. It also urged him to raise the matter in Parliament through a question, Zero Hour submission or Special Mention to seek an update on the proposal and a clear timeline for its implementation.

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