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Bank strike Day 2: Over 2 crore cheques worth Rs 16,500 crore held for clearance, ATMs run out of cash

The nine bank unions-led strike entered its second day, affecting the several key services across public sector banks (PSBs) on Tuesday. About 2 crore cheques worth Rs 16, 500 crore were not cleared across the country, according to the data provided by bank unions.

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The nine bank union-led strike entered its second day, affecting the several key services across public sector banks (PSBs) on Tuesday. About 2 crore cheques worth Rs 16, 500 crore were not cleared across the country, according to the data provided by bank unions.

The All India Bank Employee Association(AIBEA) General Secretary C.H. Venkatachalam said that cheques could not be processed since branches are not accepting cheques for clearance as they are closed due to strike. On average about 2 crore cheques/instrument  worth about Rs 16,500 rupees are held up for clearance at the three national grids in Chennai, Mumbai and Delhi, he said.

On the first day, the strike saw 100 percent participation from scale I, II, III bank employees. More than 10 lakh bank employees had participated and made it a total success. Normal banking services were affected because of the strike, added AIBEA General Secretary.

In Maharashtra, around half a lakh employees of public sector banks, old generation private sector and foreign banks did not attend work which affected the banking services. Around 86 lakh cheques/ instruments worth Rs 6,500 crore were not cleared in Mumbai on the first day of strike, the bank union leaders have claimed.

Talking about their future course of action, the All India Bank Officers Association’s (AIBOC’s) General Secretary Sowmya Dutta said that if the government fails to listen to them, they will go for an even bigger, indefinite strike, on the lines of the ongoing farmers’ agitation going on since November last year. 

Several key services like deposits, cash withdrawal, cheque clearances and other business related transactions were hit. Following which banks directed their customers to use their digital modes like internet and mobile banking for transactions. Many ATMs were also out of cash.

The United Forum of Bank Unions, an umbrella body of nine bank unions of public sector banks, has called for a two-day nationwide strike which began on Monday, opposing the Centre’s  policy to privatise the public sector banks and its retrograde banking reforms.

The Union Finance Minister Nirmala Sitharaman in Budget 2021-22 had announced the privatisation of two more public sector banks as part of the Centre’s disinvestment drive to generate Rs 1.75 lakh crore. Earlier, it has privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019, and has merged 14 public sector banks in the last four years.

Read Also: Railways Minister Piyush Goyal says Indian Railways will never be privatised

All the nine bank unions, All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA), Indian National Bqank Officers’ Congress (INBOC), All India Bank Officers’ Confederation (AIBOC), Bank Employees Federation of India (BEFI),  National Confederation of Bank Employees (NCBE),  Indian National Bank Employees Federation (INBEF), National Organisation of Bank Officers (NOBO) and the National Organisation of Bank Workers (NOBW) are part of the UFBU. 

India News

Are banks open or closed on May 1 2026? Buddha Purnima holiday details

Banks will remain closed in many parts of India on May 1 2026 due to Buddha Purnima and Labour Day, though some states may see normal operations.

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Bank holidays

Bank closures on May 1, 2026, will depend on the Reserve Bank of India’s official state-wise holiday calendar. While the day is observed as Buddha Purnima and Labour Day in several regions, not all states may have a bank holiday. Customers are advised to check with their local branch or official bank holiday list before planning a visit 

The holiday status, however, is not uniform across the country, as bank closures are determined based on the Reserve Bank of India’s state-wise holiday calendar.

Banks likely to remain closed in most states

In several states, including Delhi and other major regions, banks are expected to remain shut due to Buddha Purnima. The day is recognised as a public holiday in many parts of the country, leading to closure of bank branches.

Customers planning branch visits on May 1 are advised to check local holiday listings to avoid inconvenience.

States where banks may remain open

Despite the widespread holiday, some states may not observe May 1 as a bank holiday. In such locations, banking services at branches could function normally.

States where banks may remain operational include:

  • Meghalaya
  • Nagaland
  • Rajasthan
  • Sikkim
  • Punjab
  • Haryana
  • Odisha
  • Gujarat

Since bank holidays vary regionally, customers should verify with their local branch.

Digital banking services unaffected

Even in areas where banks are closed, digital services will continue without interruption. Customers can use:

  • Mobile banking apps
  • Internet banking
  • UPI services
  • ATMs

These services remain available regardless of physical branch closures.

Key takeaway

While May 1, 2026, will be a bank holiday in many parts of India due to Buddha Purnima and Labour Day, some states may still have banks open, making it important to check region-specific updates before planning any visit.

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India News

Mamata Banerjee rejects exit polls, claims TMC will win over 226 seats in Bengal

Mamata Banerjee has rejected exit poll predictions for the 2026 West Bengal elections, claiming her party will win over 226 seats and return to power.

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West Bengal Chief Minister Mamata Banerjee has dismissed the exit poll predictions for the 2026 assembly elections, asserting that her party will return to power with a strong mandate of more than 226 seats.

Speaking after voting concluded, Banerjee urged people not to rely on exit poll projections, expressing full confidence in the electoral support for her party. She maintained that the All India Trinamool Congress would secure a decisive victory despite several surveys suggesting a close contest or advantage for the opposition.

Her remarks come at a time when multiple exit polls have indicated a tight race between the Trinamool Congress and the Bharatiya Janata Party, with some projections even pointing towards a potential shift in power.

Confidence vs projections as Bengal awaits results

Banerjee reiterated that exit polls have historically failed to capture the actual mood of voters in West Bengal. She said the final results would reflect the trust people have placed in her government.

The chief minister’s confidence echoes her earlier stance during the campaign, where she repeatedly claimed that her party would secure a comfortable majority and continue its governance in the state.

Meanwhile, exit poll trends released after voting suggested mixed outcomes. Some surveys projected a lead for the BJP, while others indicated a close fight or even a possible hung assembly.

High-stakes battle in West Bengal elections

The 2026 West Bengal assembly elections have been one of the most closely watched political contests in India, with intense campaigning by both the ruling TMC and the BJP.

High voter turnout and strong political mobilisation from both sides have added to the uncertainty surrounding the final outcome. Leaders from both parties have expressed confidence in forming the government once results are declared.

The official results are expected to determine whether Banerjee secures another term or if the state witnesses a political shift.

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India News

PM Narendra Modi to launch Rs 8,000 crore projects in Telangana on May 10

PM Narendra Modi is set to visit Telangana on May 10 to launch development projects worth Rs 8,000 crore, focusing on healthcare, rail, and infrastructure growth.

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PM Modi

Prime Minister Narendra Modi is set to visit Telangana on May 10, where he will inaugurate and lay the foundation for development projects worth around Rs8,000 crore, according to official information.

The visit marks his first trip to the state after beginning his third term in office.

Among the key projects scheduled for launch are new facilities at AIIMS Bibinagar, along with the expansion of the MMTS Phase 2. Several national highway and railway infrastructure works are also part of the development package.

Officials indicated that the visit will also include a major public gathering at Secunderabad’s Parade Ground under the banner of “Janagraha Sabha”, reflecting both developmental and political outreach efforts.

The planned projects are expected to strengthen connectivity, healthcare infrastructure, and overall development in the region, aligning with the Centre’s broader focus on infrastructure-led growth.

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