IDBI Bank Employees Initiate Nationwide Strike: What Customers Need to Know

IDBI Bank employees have initiated a two-day strike on November 2 and 3, 2026, protesting against the proposed privatization of the bank. Customers may face disruptions in branch services, but ATM and digital banking services are expected to remain operational. It is advisable for customers to complete urgent banking tasks before the strike and utilize available digital options. The strike raises concerns about the future of the bank and its employees' interests, as significant stakes are set to be sold to a Canadian firm. Stay informed about the services available during this period.

By Narendra Chaudhary Nov 2, 2026, 13:03 IST

Important Update for Bank Customers

IDBI Bank customers should be aware of a significant development. Employees of IDBI Bank have commenced a two-day nationwide strike on November 2 and 3, 2026. This strike is expected to disrupt normal operations at bank branches. If you hold an account with IDBI Bank and have urgent banking tasks, it is crucial to understand which services will remain operational and which may face delays.

Reasons Behind the Strike

The strike has been organized in opposition to the proposed privatization and stake sale of the bank. The government plans to sell its and the Life Insurance Corporation's (LIC) stake in IDBI Bank to Fairfax Financial Holdings, a Canadian firm. Employee unions are protesting this proposal, arguing that staff have played a vital role in navigating the bank through challenging times and that the decision to privatize should be reconsidered.

Impact on Bank Operations on November 2 and 3

Due to the strike, operations at IDBI Bank branches may be affected. The extent of the disruption will depend on employee participation. Customers visiting the bank may encounter difficulties with check deposits, documentation, account-related issues, and other branch services. It is advisable to complete any essential banking tasks before the strike days.

ATM Services During the Strike

Fortunately for customers, IDBI Bank has confirmed that ATM services will remain operational during the strike. Customers will be able to withdraw cash from ATMs. Additionally, the bank has stated that there will be no fees for withdrawing cash from ATMs of other banks on November 2 and 3. However, cash availability may vary by location.

Digital Banking Services Will Continue

It is anticipated that digital banking services will not be impacted during the strike. According to IDBI Bank, customers can continue to utilize the following services:

UPI Payments: Online payments will proceed as usual.

Mobile Banking: Banking services will be accessible via the Go Mobile+ app.

Internet Banking: Customers can use online banking services.

ATM Services: Cash withdrawal facilities will remain available.

Customer Service Points (CSP): Banking services will also be provided through these centers.

Advice for Customers

IDBI Bank has urged customers to complete any necessary banking tasks ahead of the strike to avoid potential inconveniences. Customers are encouraged to use ATMs for cash needs and take advantage of digital banking services. Banking correspondents and Sameep outlets can also be utilized.

Understanding the Strike's Core Issues

Employees and officials at IDBI Bank are protesting against the proposed privatization. The plan involves selling a total of 60.72 percent stake held by the government and LIC. Fairfax Financial Holdings has been identified as the strategic buyer in this proposed sale. Employee unions believe that the sale of the bank's stake could adversely affect its future and the interests of its employees.

Key Takeaway for Customers

While operations at IDBI Bank branches may be disrupted on November 2 and 3, the bank assures that digital services such as ATMs, UPI, mobile banking, and internet banking will remain functional. Therefore, customers should plan to utilize available digital services according to their needs before heading to the bank.