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Bank Employees Seek 5-Day Workweek
Bank Employees Seek 5-Day Workweek: What Is The Status? Here’s What We Know So Far
A five-day work week will immediately reduce commuting by lakhs of bank officers and employees across the country, says the All India Bank Officers’ Confederation.
The demand for a five-day workweek in banks has once again gained momentum, with the All India Bank Officers’ Confederation (AIBOC) writing to Prime Minister Narendra Modi seeking immediate implementation of the long-pending proposal.
In a communication dated May 13, 2026, the bank officers’ body said a five-day workweek should now be viewed not merely as an employee demand, but as a “nationally relevant policy measure” linked to fuel conservation, energy savings and operational efficiency.
The issue has been under discussion for years and has also figured during wage settlement negotiations between bank unions and the Indian Banks’ Association (IBA). However, the proposal is yet to receive final approval from the government.
In its letter to the prime minister, AIBOC said the banking industry, unlike several other sectors, cannot completely shift to work-from-home arrangements because branch operations, cash management, customer services and financial inclusion activities require physical presence.
The union argued that rationalising the physical workweek is therefore the most practical alternative.
“In this larger national context, we respectfully submit that the immediate implementation of a five-day workweek in the banking industry merits urgent consideration,” the letter said.
The officers’ body further stated that a five-day workweek would reduce commuting by lakhs of bank employees across the country and lower fuel consumption, traffic congestion and electricity usage at branches.
“A five-day work week will immediately reduce commuting by lakhs of bank officers and employees across the country,” it said.
The union also highlighted the increasing digitalisation of banking services, saying customers today have access to UPI, internet banking, ATMs, cash deposit machines and other digital channels on a 24×7 basis.
“A five-day work week will therefore not deny banking services to the public; rather, it will align physical branch operations with the digital transformation already achieved in the sector,” the communication added.
The fresh push comes at a time when the government has been emphasising austerity measures, fuel conservation and efficient resource utilisation amid elevated global crude oil prices.
Referring to the prime minister’s recent appeal on reducing avoidable travel and conserving fuel, AIBOC said implementing a five-day week in banks would support those broader national objectives.
The union also pointed out that many government institutions, including the Reserve Bank of India, LIC and financial markets, already function on a five-day schedule.
“The banking industry, despite being highly digitalised and despite carrying immense national and public responsibility, continues to follow a six-day physical attendance pattern,” the letter noted.
According to the union, the matter has already been discussed extensively at the industry level and has received “broad acceptance in principle” during the wage settlement process.
AIBOC said bank unions and officers’ associations have indicated that daily working hours can be adjusted to ensure customer service and operational requirements are not affected.
“The issue, therefore, now requires final policy approval and notification by the appropriate authorities,” the letter said.
Currently, public sector and most private sector banks remain closed on the second and fourth Saturdays of every month, while branches function on the first, third and fifth Saturdays.
The proposal for a full five-day banking week is understood to require approval from the government after agreements between unions and the IBA.
So far, there has been no official announcement from the finance ministry or the Reserve Bank of India (RBI) regarding implementation timelines.
However, the latest communication from AIBOC indicates that unions are continuing to press for an early decision on the matter.
Source: News18.com
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