Bank Officers will get One Day Salary for working on Sunday – 27 September 2026

The Indian Banks’ Association (IBA) has advised public sector banks to pay one day’s pro-rata wages to officers who attended office on Sunday, September 27, 2026 – one day before the deferred three day strike.

Why Were Banks Open on Sunday, September 27, 2026?

UFBU had called for a three-day nationwide strike from September 28 to September 30, 2026, demanding implementation of 5-day banking and cancellation of new PLI scheme.

To avoid prolonged disruption of banking services, the Indian Banks’ Association requested the Reserve Bank of India to allow banks to remain operational on Sunday, September 27, 2026.

Following the request, RBI, through its letter dated September 22, 2026, approved the opening of bank branches, offices, ATM link branches and currency chests on that Sunday.

Accordingly, member banks were advised to provide banking services to customers on September 27, 2026, to ensure that the genuine banking needs of the public were not affected for an extended period.

But the strike was deferred on the night of Sunday – 27 September 2026. It was decided to constitute a high level committee for implementation of 5-day banking.

The unions requested that officers who worked on the holiday should receive compensation equivalent to one day’s salary.

The matter was subsequently placed before the IBA Managing Committee during its meeting held on October 23, 2026.

After discussions, the Managing Committee approved the issuance of an advisory to member banks to consider payment of one day’s pro-rata wages to all officers who worked on Sunday, September 27, 2026.

Two Important Conditions for Payment of Compensation

IBA has specified two conditions regarding the proposed compensation:

1. Adjustment of Previous Payments

If a bank has already provided financial compensation to an officer for working on September 27, 2026, the amount already paid must be adjusted so that the total compensation equals exactly one day’s pro-rata wages.

2. Withdrawal of Compensatory Leave

If an officer was granted compensatory leave for working on September 27, 2026, the allotted compensatory leave must be withdrawn and replaced with payment of one day’s pro-rata wages.

This means that officers who have already received compensatory leave will receive one day’s pro-rata wages instead, subject to the conditions mentioned in the IBA communication.

IBA Clarifies That the Decision Will Not Be Treated as a Precedent

While approving the advisory, the IBA Managing Committee specifically decided that this decision should not be quoted as a precedent.

IBA has advised member banks to take appropriate action in accordance with the communication.

Important: IBA has advised banks to consider payment of one day’s pro-rata wages. The letter does not describe the payment as an unconditional or mandatory entitlement for every officer.

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