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PM Modi released Rs 20,500 crore under PM Kisan 20th installment in Varanasi. Each eligible farmer received Rs 2,000 via DBT. Are Banks open on Sunday, August 3, 2025 for this?
PM Modi released the 20th installment of PM Kisan on Saturday.
PM Kisan Samman Nidhi 20th Installment: Prime Minister Narendra Modi on Saturday released over Rs 20,500 crore under the PM Kisan 20th installment, at an event in Varanasi, Uttar Pradesh. Under this, each eligible farmer has received Rs 2,000 directly in their bank account.
After an unexpected delay, the 20th PM Kisan installment has brought a smile on the faces of farmers.
The respective amount will be credited to the farmers’ accounts via Direct Benefit Transfer (DBT).
However, there is confusion among the farmers, as banks are supposed to be closed on Sunday. If the banks are closed, then disbursing the amount will be a challenge.
The Department of Financial Services has issued a directive to keep bank branches open on Sunday, August 3rd, 2025, for the disbursement under the PM Kisan scheme.
However, CH Venkatachalam, the General Secretary of the All India Bank Employees’ Association (AIBEA), has raised his concerns over the banks’ requirement to stay open on August 3, 2025 (Sunday) in a post on X.
In a strong letter addressed to the Ministry of Finance, the United Forum of Bank Unions (UFBU) has expressed serious concerns over the recent directive to keep bank branches open on Sunday, August 3, 2025.
On behalf of public sector bank employees across India, the UFBU has condemned the instruction issued by the Department of Financial Services (DFS) in coordination with the Ministry of Agriculture. According to the letter, the directive not only forces bank staff to work for 12 consecutive days—from July 28 to August 8—but also lacks legal backing under the Negotiable Instruments Act, as no official notification or gazette has been issued declaring August 3 as a working day.
“This move places the banking workforce in a legally ambiguous and administratively unprotected position,” said UFBU in the letter. “It disregards the physical and mental toll on bank employees who are already struggling with staff shortages, high customer footfall, and multiple government schemes.”
The union also highlighted the government’s continued inaction on the long-pending demand for a 5-day work week. “Instead of addressing this basic welfare measure, the government is asking banks to operate on Sundays without compensatory safeguards or consultation with unions,” the letter read.
Public sector banks, which execute nearly 100% of government welfare schemes including PM-KISAN, are operating under a severe staffing crunch. The customer-to-employee ratio in PSBs stands at a staggering 1:2100, compared to around 1:400 in private banks. The UFBU noted that this raises questions about the sustainability of expecting PSBs to handle additional burdens without due support or reform.
- Visit https://pmkisan.gov.in
- Click on ‘Know Your Status’
- Enter your registration number or Aadhaar number
- Check whether your name is on the beneficiary list
- Also ensure that your eKYC is completed, as it is mandatory for installment release.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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