RBI data shows that 99.8% of transactions are digital.
98–99 out of 100 customers bank online.UPI operates 24×7, ATMs are steadily shrinking, and branches are no longer transaction-heavy. Yet, banking workweeks remain frozen in a 6-day model.
In a truly digital-first India, governance must evolve with technology—not lag behind it.
Efficiency, productivity, and employee well-being all point in one direction.
It’s time to modernise the system.
#Implement5DayBanking
A settlement dated March 8, 2024 still awaits movement. Staffing gaps widen, pressure mounts, and morale erodes, even as digital banking thrives. While comparable institutions moved ahead, banks remain stuck in review mode. The nationwide strike reflects frustration born not from demand, but from delay.
#Implement5DayBanking
@ChiefIba
The implementation of #5DayBankingNow cannot remain caught between acknowledgment and action. The understanding was formally recorded, and bankers have continued to deliver consistently amid increasing operational and digital demands.
With banking services now functioning 24×7 through digital channels, the pressure on human resources has only intensified. Despite this, the agreed outcome of a five-day workweek remains unimplemented.
Bankers have honoured the settlement in both letter and spirit every working day. Policy commitments deserve the same seriousness in execution.
Assurances are meaningful only when translated into outcomes. It is time to move from intent to implementation, and from files to facts.
#5DayBankingNow
A commitment recorded, awaiting implementation.
During the BPS Settlement, bankers were informed that 5-Day Banking was envisaged as a committed outcome rather than a demand. This understanding formed part of the broader settlement framework, based on mutual trust and good faith.
Over a year has elapsed since then. While the system has adapted and performance levels have been sustained, the implementation of the assurance remains pending.
• The assurance was conveyed through official channels.
• Time has progressed, workloads and expectations have evolved—implementation is yet to follow.
• Bankers have continued to honour the settlement in both letter and spirit.
This issue is not one of convenience, but of process consistency. In an increasingly digital and time-sensitive economy, policy execution gains importance alongside policy intent.
It is therefore hoped that the commitment is taken forward to its logical conclusion.
#5DayBankingNow
@FinMinIndia@DFS_India@nsitharamanoffc@RBI
In the era of Digital India when smart banking should be the mark of VIKSIT BHARAT we are still following back dated idea of 6 days Banking. Long pending demand of #5DayBankingNow
should be implemented immediately unconditional.