Bank Strike Today: Are Private and Public Sector Banks Open on January 27?

On January 27, 2026, banking services at public sector banks (PSBs) across the country, including State Bank of India (SBI) and Punjab National Bank (PNB), are likely to face disruptions, following a nationwide strike called by the United Forum of Bank Unions (UFBU).

Bank Strike on 27 January: Who Will be Affected?

Although 27 January is not officially designated as a bank holiday, the strike called by UFBU, an umbrella organisation representing 9 bank employee and officer unions, is expected to disrupt operations at many public sector banks.

Banks such as SBI, PNB, Union Bank of India, Canara Bank, and Bank of Baroda are among those likely to see interruptions in branch-level services. Customers planning to visit bank branches are advised to check with their respective branches in advance to confirm service availability.

Several public sector lenders, including SBI, have already informed stock exchanges about the possible impact of the strike on their operations.

Are Private Banks Closed on January 27?

Private sector banks, including HDFC Bank, ICICI Bank, Axis Bank, and IDFC First Bank, are expected to operate as usual. Employees of these banks are generally not part of the unions participating in the strike

Which Services Are Set to Be Impacted?

Branch-based services such as cash deposits and withdrawals, cheque clearances, and administrative work are expected to be affected at public sector banks. Transactions that require physical presence at branches may face delays or remain unavailable. ATM services could also witness localised cash shortages due to logistical challenges.

However, digital banking services, including UPI transactions, mobile banking, and internet banking, are expected to remain fully operational.

Also Read: Challenges of 5 Day Banking Workweek in 2026: What Stands in the Way?

Why are Bank Employees on Strike?

While not a formal holiday, the strike has been called to press for the immediate implementation of a 5-day work week in banks. Bank unions are demanding that all Saturdays be declared holidays, a proposal they say was agreed upon during the 12th Bipartite Settlement signed with the Indian Banks’ Association (IBA) in March 2024, but is still awaiting government notification. At present, banks operate on the first, third, and fifth Saturdays of every month.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.