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UFBU Calls Three-Day Bank Strike Starting September 28

By Drooid · Sep 27, 2026, 10:18 AM UTC · How we work

Summary

UFBU Announces Strike

UFBU announced a three-day bank strike from September 28-30 2026.
The strike demands a five-day banking week, pension reforms, and removal of the PLI scheme.
The Finance Ministry says the five-day week is under consideration but not yet accepted.
Unions warn an indefinite nationwide strike could begin October 26 2026 if the five-day week remains unresolved.

Summary

Cooperative Banks Remain Open

Cooperative banks represented by NAFCUB, NUCFDC and NAFSCOB will stay open and not join the UFBU strike.
The Reserve Bank of India approved operation of branches, ATM-link branches and currency chests on September 27, 2026.
Major banks urged customers to use YONO, WhatsApp, internet and mobile banking for transactions during the strike.

History

Historical Context

During the 1978 Pillai Committee dispute, a one-day bank strike showed the sector’s collective bargaining strength. The United Forum of Bank Unions, formed in 1997, later organized a 48-hour strike in May 2018, reinforcing that legacy. The three-day UFBU walkout on 28-30 Sept 2026 echoes these earlier actions, pressuring the Finance Ministry on a five-day workweek and pension reforms.

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UFBU Announces Strike

UFBU announced a three-day bank strike from September 28-30 2026.
The strike demands a five-day banking week, pension reforms, and removal of the PLI scheme.
The Finance Ministry says the five-day week is under consideration but not yet accepted.
Unions warn an indefinite nationwide strike could begin October 26 2026 if the five-day week remains unresolved.

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