Are Banks Closed on 9 July? Know all about Bank Strike on 9 July 2025 and Demands of Employees

The 10 central trade unions are: NTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF and UTUC, have announced strike on 9 July 2025. Banks, Insurance and other government departments have also announced their support to the strike protesting against the “anti-worker, anti-farmer, and pro-corporate” policies of the central government.

Public Sector Banks in India are suffering from severe staff crisis and fear of privatisation. The privatisation process of IDBI Bank is undergoing and the bank will soon be privatised. Not only IDBI Bank, but there is fear that other banks may also be privatised. The Government had earlier announced its plan to privatise banks and the reduce the number to four. This means that only the big 4 banks will be government owned and rest all will be privatised.

The bank employees and unions have raised several issues of bank employees with the government but the government is not paying attention to it. The most recent issue of 5 day banking has still not been fulfilled though the 12th BPS was signed one and a half years ago. The IBA says that the proposal if lying with the DFS and DFS says that the proposal is lying with the government.

Due to non-fullfilment of demands, the bank employees have also announced participation in the strike on 9 July 2025.

Demands of Bank Employees in Strike on 9 July

• Strengthen Public Sector Banks and Insurance Companies
• Stop privatisation and disinvestment in public sector banks and LIC
• Do not allow 100% FDI in the insurance sector
• Merge all Public Sector General Insurance Companies into a single entity
• Ensure adequate recruitment in banks and insurance companies
• Stop outsourcing and the use of contract-based jobs
• Scrap the National Pension System (NPS) and restore the Old Pension Scheme (OPS)
• Take strict action to recover bad loans from big corporate defaulters
• Reduce service charges in banks for common customers
• Remove GST on life and health insurance premiums
• Do not implement anti-worker Labour Codes
• Protect the rights of trade unions and avoid any interference

Are Banks Closed on 9 July?

Yes, as of now, Banks will remain closed on 9 July 2025. Banks will open only if the strike gets cancelled. Most of the bank unions are supporting this strike on 9 July 2025.