The strike coincides with the beginning of the Budget session of parliament and presentation of Union Budget 2020-21.

The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).

However, private sector lenders like ICICI Bank and HDFC Bank were operational.

Branches in several parts of the country remained closed and some of the ATMs also went dry, according to reports coming various parts of the country.