• Breaking News

    Friday, 15 December 2017


    Five Day Week in Addition to the Charter of Demands- AIBOC

    (Registered under the Trade Unions Act 1926, Registration No.:3427/Delhi)
    State Bank of India Officers’ Association
    04th Floor, SBI Administrative Unit, No. 86, Rajaji Salai, Chennai- 600 001

    Circular No. 2017/63

    To All Affiliates/State Units

    Dear Comrades,

    Forwarding the Note submitted to IBA by the 4 Officers Organisations on Five Day Week in addition to the Charter of Demands . the contents of which are self explicit. Kindly discuss.

    Please get articles written in Newspapers supporting our cause

    With greetings,

    General Secretary


    Date: 27th October, 2017


    The Xth Bipartite settlement between IBA and member banks made history with the introduction of holidays on second and fourth Saturdays, thereby marking a new beginning in the working of banking system in India. It was duly approved by the RBI, Government and brought into practice subsequently through an executive order.

    The above change was agreed upon against the demand for five day work week for banks which is being practiced all over the world. There was a promise of a review after 6 months of implementation so that 5 day week could be brought in but it didn’t happen. However the system is working well and proves that 5 day week will be a win win situation for all. Again, in our country the Central Government, majority of the State Governments, the RBI, and some of the foreign banks functioning in our country and majority of the public sector undertaking in the financial sector such as GIC are also following the five day work week pattern. Hence, we reiterate our demand for introduction of the five day week in the banking industry immediately, especially when the way the banks are operating have under gone a sea change.

    Towards achieving the government’s avowed aim of Digital Banking the banks have gone on an override to establish and increase the number of Automated Teller Machines, Cash Deposit Machines, Pass Book Entry Machines, Coin Dispensers, Cheque Truncation System, Electronic Clearing System, Immediate Payment System, Mobile Banking solution, Internet Banking and so on. The banks are vigorously campaigning to increase the usage of these alternative channels of banking among the user public by making them available everywhere and making them user friendly. This has resulted in multifold increase in transactions through these channels. We furnish below the figures compiled by the RBI, a detailed report of the same is provided in Annexure I.

    1. No. of ATMs onsite - 1,09,232 (on site)
                                         - 98,879 (off site)
    2. No. of Point of Sale Machines - 28,82,422
    3. No. of Credit Cards - 3,26,45,679
    4. No. of Debit Cards - 81,08,68,624
    5. Internet Banking (Users) - 20.5 million
    6. Mobile Banking - 78.18 million
    7. No. of Business Correspondents - 2.53 lacs

    * (From ATM & Card Statistics for August 2017 from RBI website)
    The numbers mentioned above clearly indicate the amount of penetration the banks have made in popularising the Digital Mode of transaction through various methods. A recent survey has proved this point as according to RBI data debit card usage at POs terminals has doubled to 265 million in Aug 2017 from 131 million last year. (TOI 24.10.2017)

    Hence, the banks have successfully transformed the way the banking was done and made it customer friendly and also made available the alternative mode for cash deposits machines available round the clock for customers and small traders. This has effectively paved the way for moving to five day work week to further control the overheads by making saving in electricity, transportation and other expenditure.

    In this regard, we would like to bring forth the latest trend of gender ratio obtaining in the industry in general and banking sector in particular. The percentage of women employees stood at 6 to 7 per cent for long, has steadily risen to about 20 percent as at present. Due to large number of retirements due in the next two to three years and with the percentage of women entering through recruitment, would in all probability make it to 35 to 40 per cent of the total work force in the banking industry. Hence, this would pose a challenge to the social fabric and general well being of the people working in the banking industry as women are expected to strike a balance between family life and professional career. Hence, it would be a boon for the women if five day week is introduced as two holidays per week would give them required rest and time to relax and plan for the week ahead. It need not be stressed that the growth of many sectors in India and the country’s growth depends on a strong family. The general concern of the employer in respect of lady employees in respect of increased incidence of leave would be addressed to a large extant.

    Today RBI works only for five days. Central Government employees work only for five days. And the same practice is followed by most of the State Governments as well. Almost all the IT Sector Companies like Infosys, Wipro, CTS, TCS, etc. work only for five days and so does the International financial system. Reduction of stress level amongst the employees is the need of the hour in today's scenario and many study reports bear the testimony that there is improvement in performance after adequate rest and family get together.

    To a query raised in the Parliament regarding rumours that the Prime Minister wants to introduce six days week, the Minister of State for Personal Public Grievances and Pensions Mr. Jitendra Singh informed the Lok Sabha in a written reply that there is no proposal to change the present five day week for the employees of Central Government Ministries and Departments. Similarly the Cabinet Secretary, Shri Ajith Seth replied to Shri Shiva Gopal Mishra, Staff Secretary that there is no such proposal.

    As we are aware that a bank holiday in India is a public holiday which is declared specially for the Banks and other Financial Institutions. All public holidays are not classified as Bank Holidays. Bank Holidays are declared by Central/State Governments/ Union Territory under the Negotiable Instruments (NI) Act, 1881. India is a multicultural and multi religious society and celebrates holidays and festivals of various religions. So, in addition to the national holidays, many states and regions have local festivals depending on religious and linguistic demographics.

    The Bank employees do not enjoy all the festival holidays as their counterparts in other govt. organizations do. Moreover, as we have seen that the bank employees and officers are very hard pressed; like for every govt. sponsored schemes launched by the govt., for every emergency like situation (as the present demonetization case), it is the bank employees and officers who are entrusted with the responsibility to handle the situation. Banking sector is reckoned as a hub and barometer of the financial system. As a pillar of the economy, this sector plays a predominant role in the economic development of the country.

    There are already companies which are trying four day work with three days off in other countries and billionaires like Carl Simon and Richard Bronson have suggested three days working day. Many studies have proved that the productivity increases if the employees/officers are provided with 2 day weekly off. J M Keynes had projected that with advancement of technology, we will have 15 hour week by 2030. Jack Maa of Alibab has suggested 4 day week already. Five day week was first introduced by Henry Ford in the last century itself.

    Let us further analyse:
    The demand for five (5) day a week in the Banking Sector is a priority. It is based on scientific practices all over the globe considering health of the employees, productivity and environmental concerns. We put forward the following which explains and justifies the need. The ILO has passed many conventions on this issue, some of which are reproduced below:

    Article 19
    C047 - Forty-Hour Week Convention, 1935 (No. 47)

    Convention concerning the Reduction of Hours of Work to Forty a Week (Entry into force: 23 Jun 1957) Adoption: Geneva, 19th ILC session (22 Jun 1935) - Status: Instrument with interim status (Technical Convention).


    The General Conference of the International Labour Organisation, Having met at Geneva in its Nineteenth Session on 4 June 1935, Considering that the question of the reduction of hours of work is the sixth item on the agenda of the Session; Considering that unemployment has become so widespread and long continued that there are at the present time many millions of workers throughout the world suffering hardship and privation for which they are not themselves responsible and from which they are justly entitled to be relieved; Considering that it is desirable that workers should as far as practicable be enabled to share in the benefits of the rapid technical progress which is a characteristic of modern industry; and Considering that in pursuance of the Resolutions adopted by the Eighteenth and Nineteenth Sessions of the International Labour Conference it is necessary that a continuous effort should be made to reduce hours of work in all forms of employment to such extent as is possible; adopts this twenty-second day of June of the year one thousand nine hundred and thirty-five the following Convention, which may be cited as the Forty-Hour Week Convention, 1935:

    Article 1
    Each Member of the International Labour Organisation which ratifies this Convention declares its approval of:

    a) the principle of a forty-hour week applied in such a manner that the standard of living is not reduced in consequence; and

    b) the taking or facilitating of such measures as may be judged appropriate to secure this end; and

    c) undertakes to apply this principle to classes of employment in accordance with the detailed provision to be prescribed by such separate Conventions as are ratified by that Member.

    Article 8
    How is work during the weekend regulated?

    ILO Weekly Rest Conventions No. 14 (1921) and No. 106 (1957) require that each worker have at least 24 hours of uninterrupted rest every seven days. Whenever possible, the rest day(s) should be simultaneous for all employees of an undertaking and correspond with the traditions and customs of the country. As noted above, Arab countries often choose the Friday, instead of the Sunday, as the rest day for the week.

    In China and Hungary, two days off are laid down in national laws.

    . “Article 42 of the constitution directs the State to make a provision for securing just and humane conditions of work (at work places). Article 43 of the constitution directs the State to secure conditions of work ensuring a decent standard of life and full enjoyment of leisure and social and culture opportunities by making a suitable legislation or in any other way. Thus the State is under an obligation to make it possible for the employees to work in genuine and human conditions of work.”

    Upholding the spirit of article 12 of the Constitution the Hon‘ble Supreme Court of India has also passed a number of decisions that Public Corporations and Undertakings fall within the inclusive definition of 'State'.

    Now, let us look at some legal rights. The Factories Act provides provision on weekly rest. Workers are generally entitled to at least 24 hours of weekly rest on the first day of the week, i.e., Sunday. The weekly rest period is reckoned as a paid time. Workers may be required to work on weekly holiday; in this case, he/she is entitled to the substitute holiday three days before or after the usual weekly holiday. Even in the case of holiday substitution, workers must be given a weekly holiday in every 10 days. If an organization is exempted from the provision related to weekly holiday and workers are not granted their weekly holidays, an equal number of compensatory holidays have to be granted within 2 months. The Weekly Holidays Act, Shops and Establishments Act, etc. also state in the same tune for the workers and the employees.

    Although the Bank Officers do not come under the purview of the Regulations & Acts which make the weekly off compulsory like Factories Act, Weekly Holidays Act, Shops and Establishments Act, etc, the Articles enshrined in the Human Rights is applicable to one and all the people. The Article 24 of Human Rights deals with Right to Rest for each and every human being. They are commonly understood as inalienable fundamental right "to which a person is inherently entitled simply because she or he is a human being," and which are "inherent in all human beings" regardless of their nation, location, language, religion, ethnic origin, their employment agreement and service rule or any other status. They are applicable everywhere and at every time in the sense of being universal and egalitarian in the sense of being the same for everyone.

    Following are the benefits of a 5 day work week:

    1. Reduced fuel costs: Employees would have to endure the dreaded commute one less day each week, thereby saving money at the pump with reduced fuel consumption.

    2. Decreased absenteeism: On a six-day schedule, employees are forced to cram their one day off with personal errands, chores, games, and social outings. By the time Monday comes around, there hasn't been a minute of rest and employees are tired. So they call out of work. This wouldn't happen so frequently if employees had a second day to accomplish the work they have to do outside of office.

    3. Increased productivity: It's a well-established principle of productivity that workers become less efficient where no deadline looms. That's why we're more efficient in the week before vacation—we know we have to get it done by the time we leave. The same idea is transferable to a shortened workweek. Employees are least productive on Saturdays so why not just eliminate them altogether?

    4. Improved job satisfaction and morale: Satisfaction with what goes on in the workplace may be tied to what goes on outside of the workplace. Employees who spend more time with family and friends, who have the flexibility of two days off, will return to work refreshed.

    5. Reduced personnel turnover: Not surprisingly, #4 leads to #5. Happier employees tend to leave less often. If they like the job, they're more likely to stick around.

    6. Reduced energy costs: By closing for two, instead of one day each week, Banks stand to reduce substantial energy costs. These costs can be significant. Carbon emission will reduced substantially helping the nation, as a whole.

    7. Reduced traffic congestion: This potential effect may be seen largely on Saturday, which is the day most employers are converting to a nonworking day.

    8. Improved work-life balance: As a result of the added day, employees who work a five-day week will have more time to spend with their families and friends

    Sd/-          Sd/-        Sd/-       Sd/-
    AIBOC     AIBOA     INBOC     NOBO

    Source:-Click to View/Download Circular

    1 comment:

    1. Banks does not give customer satisfaction they blame system failure,system not moving as excuses for central govt employees working time was increased why these unions are not suggesting this and when senior citizens are to be served at door steps they will tell shortage of manpower,Govt should make six day week to all including govt employees.


    Post Top Ad

    Highly Viewed



    Contact Form


    Email *

    Message *