Labour Law: Weekly 2 days Holiday, Daily 50 minute Extra Work

Bank employees are soon likely to get 2 days of weekly offs, as the Indian Banks Association (IBA) is said to be considering bank unions’ demand for a five-day work week, according to media reports. Labour Law: Weekly 2 days Holiday, Daily 50 minute Extra Work.

The reports, however, said the working hours might be increased by 50 minutes each day in 5-day work week. However, the report claimed that the working hours might be increased by 50 minutes each day in 5-day work week. In this matter, talks are going on between the IBA and United Forum of Bank Employees (UFBEs), and the association has agreed in principle for a 5-day work week.

S Nagarajan, general secretary of All India Bank Officers’ Association, was quoted by Times of India as saying that the government will have to notify all Saturdays as holidays under Section 25 of the Negotiable Instruments Act. The bank employees at present work on alternate Saturdays.

The TOI report suggested that the employees will need to work 40 minutes extra every day from 9.45 AM to 5.30 PM. Meanwhile, banks across India will remain closed for 11 days in the month of May. Several holidays are scheduled in May due to various festivals including Buddha Purnima and Maharana Pratap Jayanti, among others.

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Customers planning to visit their banks in May should consult the bank holiday calendar to avoid any inconvenience. All banks remain shut on public holidays, while some banks observe regional festivals and holidays. The festivals that are observed in the month of March 2023 include Holi, Chaitra Navratri, Ram Navami, and more.