What Stops and What Doesn't: Know How Banking Strike to Affect Operations from Tomorrow

Public sector banks and regional rural banks will remain operational on Sunday, September 27, allowing customers to complete urgent branch-related work before a three-day nationwide strike begins on September 28.

The strike is expected to affect services that require physical branches and manual processing. Digital banking facilities such as UPI, mobile banking and internet banking are expected to continue.

Which banking services may be affected?

• Cash deposits and withdrawals: Over-the-counter cash transactions may not be available at affected branches.
• Passbook updates: Physical passbook updates and other branch-based services could face delays.
• Cheque processing: Cheques and other transactions requiring manual processing may be delayed.
• Demand drafts: Fresh demand drafts may not be issued at affected branches.
• KYC and account updates: In-person KYC, account updates and document verification may have to wait until branches reopen.
• Loan-related work: Loan applications, documentation and verification requiring branch staff could be delayed.
• Bank lockers: Customers may not be able to access physical bank lockers while branches remain closed.
• Half-yearly closing: Internal banking work linked to the September 30 half-yearly financial closing could also be affected..

What banking services will continue?

• UPI payments: Routine UPI transactions are expected to continue during the strike.
• Mobile banking: Customers can use mobile banking for fund transfers, bill payments and other digital services.
• Internet banking: Online banking facilities are expected to remain available.
• ATMs: ATMs are expected to remain operational for cash withdrawals and other services, though cash availability may vary by location.
• Cash deposit machines: Cash deposit machines may continue accepting deposits wherever the facility is available.
• Private-sector banks: Private banks are expected to face less disruption, but customers should check their bank’s advisory before visiting a branch.

Banks are Opeartional on Sunday due to 3-day strike

The government has allowed public sector banks and regional rural banks to operate on Sunday to reduce the impact of the three-day strike.

The move is intended to give customers an opportunity to complete urgent banking work before the strike begins on Monday.

For customers with pending paperwork, cash-related requirements or other branch-dependent work, September 27 is the key opportunity to complete these tasks before the three-day disruption, subject to local arrangements at individual branches.