Bank Strike: Banks Likely to Remain Closed on Today January 27, Know why  

Bank Strike: Big news for common people. If you have any banking work to do, be careful. Don’t go to the bank and find it locked. Bank employees’ unions have announced a strike on today, January 27, 2020. The United Forum of Bank Unions (UFBU) has called this strike to press the long-standing demand for a five-day work week.

The UFBU, a joint organization of nine major bank unions, has protested the non-implementation of the agreement reached with the Indian Banks’ Association (IBA) in March 2024 to declare all Saturdays as holidays. Currently, bank employees are off on the second and fourth Saturdays of every month, while they are required to work six days in two weeks of the month.

Which banks will participate in the strike?

Following this announcement by the bank union, employees of government banks across the country will join the strike. Banks across the country, including State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Bank of India, Canara Bank, Indian Bank, will participate in this. In Jodhpur, employees of the State Bank of India demonstrated under the banner of the United Forum of Bank Unions (UFBU) and warned that if their demands were not met, they would go on strike.

The union says that implementing a five-day work week will not reduce bank employees’ working hours, as they are willing to work an additional 40 minutes per day from Monday to Friday. This proposal was submitted to the government but has been pending for the past two years. This delay is the reason for the strike on January 27, 2026. UFBU said that Reserve Bank of India, LIC, stock exchanges and government offices are already following a five-day working week, hence there is no justification for banks to continue with the six-day schedule.