Banks on 2-day nation-wide strike from today: Here's how it will affect you
The two-day nationwide bank strike on May 30 and 31 will hit banking operations and might lead to cash-crunch across the country Employees and officers of various public sector banks across the country are on a two-day strike starting today to protest a nominal 2 per cent wage hike offered by the Indian Banks' Association (IBA). The strike is expected to hit bank customers hard as it may disrupt month-end salary credit operation. Further, the strike could trigger a country-wide cash crunch as ATMs of most banks would not be replenished in the next two-days. Several ATMs might even remain closed during the strike as security guards employed in these ATMs are also likely to participate in the protest. Owing to the strike, operations such as clearing of cheques, money transfer, cash remittances, and deposit and withdrawals at branches will not be possible in the next two days. ALSO READ: Two-day bank strike from today, salary withdrawal, ATM transactions may tak...