5 Days Working in Bank: There may be a relief news for the employees working in government banks. The government is considering a 5-day working week for banks, although no final decision has been taken yet. Know the details..
5 Days Working in Bank: There may be a relief news for the employees working in government banks. The Indian Banks Association (IBA) has proposed to the government that banks should be closed every Saturday and work should be done only from Monday to Friday. The government is considering a 5-day working week for banks, although no final decision has been taken yet. Responding to this in the Lok Sabha on 28 July 2025, the Finance Ministry said that the proposal is under review and no fixed date for implementation has been given yet.
What is the rule now?
At present, the public sector banks (PSBs) of the country are closed on the second and fourth Saturdays of every month. Banks remain open on the remaining Saturdays. This rule came into force in 2015, when the 10th bilateral agreement was signed between IBA (Indian Banks’ Association) and bank unions.
What is IBA’s new proposal?
IBA has urged the Finance Ministry to declare a holiday for banks on all Saturdays. So that a 5-day work week can be implemented in the banking sector. This will mean that banks will open only from Monday to Friday.
What did the government say?
The government said that this proposal is still under consideration and no fixed date (timeline) has been given for its implementation yet.
Answer on staff shortage too
MP KC Venugopal had also asked a question in the Lok Sabha regarding the shortage of staff and the time limit for implementing this proposal. On this, the government said that as of March 31, 2025, 96% of the total staff posts in all government banks are filled. Whatever little shortage is there is due to retirement and general resignations.
Who decides the staff in the bank?
The government clarified that every government bank decides its staffing needs through its board. It is based on the business of the bank, retirement of staff and other needs. If this proposal is implemented, there may be changes for the customers, but bank employees may get relief from this.
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