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Be it enacted by parliament in the thirty second year of the republic of india as follows 1short title extent commencement and duration 1 this act may be called the essential services maintenance act 1981.
Essential services indian bank. With the impact of the coronavirus pandemic being felt across the country the indian banks association iba on sunday said bank branches will provide only essential services such as cash. In an effort to contain the rising positive cases of coronavirus in india banks will only provide essential services to customers starting monday march 23. Clearing of cheques remittance facilities and government transactions are also listed as essential services. Industries defined as essential services differ based on the.
Bank branches will offer merely a few essential financial services such as cash deposit and withdrawal from monday as india goes into lockdown to combat the spread of coronavirus. The international labour office a united nations agency makes distinctions between an essential service and a minimum service. Indian banks association iba issued a press release in which it stated that only essential services ie cash deposit and withdrawal cheque clearing remittances and government transactions will be rendered by the bank branches with effect from march 23 2020. A statement by the indian banks association iba on sunday said banks will ensure to provide at least four essential services cash deposits and withdrawals cheque deposition remittances and government transactions at branches.
The indian banks association iba has announced that effective monday banks will undertake only essential services like cash deposit and withdrawal cheque clearances remittances and government. With several states announcing complete lockdown to fight the spread of covid 19 the financial sector is also responding with reduced timings in branches and providing only essential services. 2 it extends to the whole of india. Who are exempted as essential services providers it has been made clear that the administration will take a dim view of violations and will invoke section 188 for.
