GENERAL10 Sept 2026
Why are bank employees going on strike even after govt withdrew PLI scheme?
The government has put on hold the performance-linked incentive (PLI) plan for public sector bank employees. Even so, the United Forum of Bank Unions will go ahead with a nation-wide strike on September 11. They also want a five-day workweek. More strikes are planned on September 28-30, plus an indefinite strike from October 26. So branch services may be disrupted.
Key Statutory Highlights
- The government has put the performance-linked incentive scheme planned for public sector bank employees on hold.
- The revised scheme applied only to Scale IV officers and above, who could get up to 365 days of basic pay based on individual performance.
- Bank unions are also demanding a five-day workweek, and their proposal to add 40 minutes of daily work time is still pending with the government.
Actionable Advice for Taxpayers / Founders:If you have branch work, cheque clearing or transfers coming up around September 11, September 28-30 or from October 26, plan ahead and use digital channels where you can. Please check with your own bank before depending on a branch visit on those days.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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