CA-20260924-3699High Exam Priority
United Forum of Bank Unions Calls Three-Day Nationwide Strike Over Five-Day Banking Demand
24 September 2026
4 min read
The United Forum of Bank Unions (UFBU) has announced a three-day nationwide bank strike starting September 28 to press for five-day banking and the withdrawal of the Performance Linked Incentive scheme. The Ministry of Finance has raised concerns as the strike coincides with the crucial half-yearly financial closing on September 30.
Key Highlights
- The United Forum of Bank Unions (UFBU), representing 90 percent of the banking workforce, called a three-day strike from September 28 to 30.
- Key demands include the implementation of a five-day workweek and the permanent withdrawal of the Performance Linked Incentive (PLI) scheme.
- The Ministry of Finance noted that the strike coincides with the half-yearly financial closing on September 30, potentially disrupting government transactions, treasury operations, and customer services.
- The government has kept the contentious PLI scheme in abeyance and urged bank employees to resolve issues through constructive dialogue.
Exam Quick Facts
Nodal Ministry / Dept
Ministry of Finance
Key Bodies
United Forum of Bank Unions (UFBU), Reserve Bank of India (RBI)
Constitutional & Legal Context
Industrial Disputes Act, 1947 regulates strikes, conciliation, and dispute resolution mechanisms for banking personnel in India.
Static GK Connection
The financial year in India runs from April 1 to March 31, while half-yearly bank closings traditionally occur on September 30.