Contact Your Financial Adviser Money Making MC
29
November 2016
 |
Bank (The Total Investment & Insurance
Solutions)
The Indian
government has asked all banks to organise special camps 'on a mission mode'
for opening accounts of workers who have no bank account of their own. In
addition, the banks are asked to marshal all their resources like retired
employees, banking correspondents (BCs), personnel from financial literacy and
counselling centres (FLCC) and self-employment training institute (SETI) for
this 'mission'. The Total Investment
& Insurance Solutions
The order
dated 25 November 2016 is sent to Rajeev Rishi, Chairman of Indian Banks'
Association from the Department of Financial Services under the Ministry of
Finance. It says, "In order to facilitate financial inclusion of workers
and to ensure timely payment of their wages, it has been decided to launch a
campaign to open bank accounts for workers of the organised and unorganised
sectors who do not have any bank account as of now. You are requested to issue
an advisory to all the member banks to activate their machinery at all levels
and ensure that the campaign is conducted in camp mode and bank accounts for
all un-banked people are opened by 30 November 2016." The Total Investment & Insurance
Solutions
However,
bank employees may not be in a mood to conduct such camps, especially after
working tirelessly in the demonetisation drive since 8 November 2016. As
highlighted by Moneylife, the Indian National Bank Employees' Federation
(INBEF) has requested Finance Minister Arun Jaitley to resolve the impasse for
smooth uninterrupted service to the clienteles by the bank employees and also
honour them with ad-interim relief in their wages and a wage settlement in
2017. The Total Investment &
Insurance Solutions
The union
also highlighted problems being faced by bank employees during the
demonetisation drive. The union says, "Needless to mention, that the bank
management has taken it for granted that whatever may be the position, the
employees shall have to overcome all the hindrances. They are not
bothered to introduce shifting duty hours to cope with extended banking and
business hours. They are not taking any special care while asking woman
employees to stay in the bank at late hours or provide refreshments to the
employees who are compelled to stay at late hours. Of late, instructions has
been given for cash compensation to officers for working in holidays and
overtime to award staffs but the said instruction doesn't commensurate with 12-13
hours service rendered by the employees.The
Total Investment & Insurance Solutions
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