Demonetisation: bank unions plan demonstrations on Dec. 28

December 20, 2016 02:40 pm | Updated 05:35 pm IST - Vadodara

A bank employee reacts as people shout while they wait to enter a bank in Mumbai. Photo: Reuters

A bank employee reacts as people shout while they wait to enter a bank in Mumbai. Photo: Reuters

The All India Bank Employees Association (AIBEA) and the All India Bank Officers Association (AIBOA) have given a call for demonstration against the problems that various banks and their employees were facing due to demonetisation.

They plan to undertake demonstrations on December 28, followed by the unions addressing a letter to Union Finance Minister Arun Jaitley on December 29. The unions also plan to stage demonstrations on the issue on January 2 and 3.

AIBEA general secretary C.H. Venkatchalam and his AIBOA counterpart S. Nagrajan, in a statement issued on Tuesday, said: “As per the call of our organisations, already our units have undertaken the programme of demonstrations in all major centres and met the local executives of the RBI to hand over our memorandum.”

The unions have demanded supply of adequate cash to all banks and branches, restoration of all ATMs without further delay and transparency in cash supply to banks.

“If the RBI is not able to supply adequate cash to banks, then decision should be taken to suspend cash transactions in the bank branches till sufficient cash is supplied to banks,” the statement said.

They also demanded a CBI inquiry into the cases of seizure of huge number of new currency with some persons when bank branches are cash starved.

The unions demanded compensation to the families of the persons and bank staff who lost their lives recently due to demonetisation.

They asked the RBI and State governments to ensure safety and protection of bank employees and officers by maintaining law and order in all branches to prevent harassment of the staff.

They also demanded proper compensation to employees and officers for their extra work/late sittings done in the last more than a month.

Both the unions claim to have over 5.50 lakh members out of the nearly 9 lakh bank employees in the country.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.