ePayments{RTGS/NEFT}-Delay 5 STATE BANK OF INDIA ASSOCIATE BANK'S OFFICERS TO GO ON STRIKE on 28th March, 2009

Originally, there were 7 Associate Banks of State Bank of India. After, State Bank of Saurashtra’s merger with State Bank of India, the number has come down to 6. 

          Out of the 6 remaining Associate Banks, SBI - State Bank of Patiala, State Bank of Hyderabad, State Bank of Indore, State Bank of Bikaner and Jaipur) State Bank of Mysore, State Bank of Travancore, Officers of five associate banks of the State Bank of India (SBI) will go on strike on March 28 to press for parity with the parent bank in terms of prerequisites and loans to employees.

However, officers of State Bank of Indore would not join the strike.

 The strike, under the banner of the Associate Banks' Officers Association, would also be in protest against plans of a merger between SBI and associate banks. 

          The above strike, if materializes, would cause delay in credits of ePayments(RTGS/NEFT), especially as 27^th March 2009, is a Ugadi Holiday, in Tamil Nadu, Andhra Pradesh, Karnataka, Maharashtra, Goa, Uttar Pradesh and Jammu & Kashmir. 

          Banking Customers in the above 7 States, might face  major holdup of funds, as the above Associate Banks, will be shut for 3 days in a row i.e 27^th, 28^th and 29^th.

          This will be experienced more by banking customers, who utilize Net Banking, for transfer of funds. 

          Trust banking customers have taken the stretched weekend and planned their remittances accordingly.