LatestCorporate Compliance 12 November 2026
IBA Approves One-Day Pro-Rata Pay for Sunday Duty Officers
The Indian Banks' Association has approved a one‑day pro‑rata wage for bank officers assigned to Sunday duty as part of the September 27 strike‑avoidance plan. This measure ensures officers receive full‑day pay for the hours worked, helping to maintain banking services while minimizing disruption during the strike period.
The Indian Banks' Association (IBA) has cleared a one‑day pro‑rata wage for officers working on Sundays under the September 27 strike‑avoidance measures.
- Officers receive full‑day pay proportionate to hours worked on Sunday.
- Aims to keep banking operations running smoothly and reduce strike impact.
- Banks must adjust payroll immediately.
For full details, see the announcement here.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.