To Whom It May Concern,

Bankers across India are advocating for a five-day workweek to achieve better work-life balance. This change would alleviate stress and strain, allowing for more quality time with family and promoting healthier lifestyles.

Bankers point out that employees in institutions such as the RBI, LIC, NABARD, SIDBI, and various public sector units and government agencies already enjoy a five-day workweek.

Under the 10th Bipartite Settlement signed in 2015, second and fourth Saturdays were designated as holidays, and since then, bank unions have been consistently advocating for all Saturdays and Sundays off. Even with the ongoing discussions surrounding the 12th Bipartite Settlement, bankers remain united in their demand for a five-day workweek.

The introduction of two Saturdays as holidays has not disrupted banking operations; rather, it has encouraged more digital transactions.

Numerous studies have highlighted the benefits of more frequent weekly breaks. For instance, a study in the UK demonstrated the positive outcomes of a four-day workweek. Additionally, a recent report by the World Economic Forum revealed the advantages of a shortened workweek, including increased productivity, improved employee well-being, reduced stress levels, and enhanced satisfaction.

The findings underscore the business advantages of adopting a shorter workweek, which leads to greater efficiency and cost savings for companies. Moreover, prioritizing employee well-being fosters a happier work environment and promotes a healthier work-life balance for individuals.

The mounting work pressures faced by bankers underscore the urgent need for implementing a five-day workweek in the banking sector to safeguard employee well-being. We urge prompt action to address this request and ensure the sustainability of a healthy work-life balance for banking professionals.