Is this a news or Rumors Regarding Holiday for Bank on 2nd and 4th Saturdays

Just found the following message getting circulated on the Internet and other communication channel but the authenticity of the same is not known , Still we are not sure whether its the confirm news of just a rumuors spread by some.

" The Govt of India, Ministry of Finance , Banking Division has approved 2nd and 4th Saturdays as holiday vide a communication reference number BD/AFP/PSB/GEN127-54/379 Dated 30th March 2015 and sent to IBA and RBI. Notification by RBI is expected shortly."


Our View : We need not to jump on any conslusion before some official news or notice comes from Govt of India or IBA or RBI , but there seems to be a positive developments with regards to 2nd and 4th Saturday holiday for Bank employees.

IBA Circular regarding 2nd and 4th Saturday Off for Banks in India

Following is the Original Copy of IBA ( Indian Bank's Association ) regarding negotiation between Bank Union and IBA regarding 2nd and 4th Saturday Holiday for Banks in India under NI act.

Our Verdict : With so many rounds of negotiations finally we have seen that some conclusion has been arrived or at least some positive have come for the poor public sector bankers, by going through this circular dated 21 April 2015, we can say that sooner or later there will be 2nd and 4th Saturday off for bankers then exact date is not known but we can assume that it may happen from June or July 2015.

Regarding the issue on number of Holidays , it seems that IBA wants to reduce the number of holiday under NI act for bankers but this seems to be a tough nut to crack as the holidays available to banker under NI act are lesser as compared to State / Central government employees presently. And these days the holidays or festivals are becoming more of a political tool , we assume that hardly there will be any reduction in the existing holidays for banks and one or the another state government announcing holiday on Festivals and Birthdays of old prominence leaders in days to come we may see even increase in the number of festival holidays for banks state wise