The United Forum of Bank Unions (UFBU) has postponed the two-day nationwide bank strike, scheduled for January 30-31, following an agreement reached at a conciliation meeting held in Mumbai. Earlier, several bank unions had announced a strike on January 30-31.

Due to this strike, banks were going to remain closed for 4 consecutive days i.e. from 28 to 31 January. Bank employees were going to go on strike on 30 and 31 January. On the other hand, banks are closed on January 28 due to the fourth Saturday of the month and January 29 being a Sunday.

Bank employees have 5 demands

AIBEA general secretary CH Venkatachalam had told that the bank employees have 5 demands. Reform in the first banking working culture, update the banking pension, abolish the National Pension System (NPS), revise the salary and make recruitment in all cadres.

There will be a meeting with IBA on 31 January

The Indian Banks' Association (IBA) has agreed to hold a meeting with the unions on January 31, according to CH Venkatachalam, general secretary of the All India Bank Employees Association. In the conciliation meeting held on Friday, it was decided that three common issues of five-day banking, updation of pension and restoration of old pension scheme would be discussed on January 31.