Are banks closed nationwide due to the bank strike today?

No. Many public sector branches may be shut or short-staffed, but private banks are largely open. Digital channels remain available. Expect delays in counter services and cheque clearing at PSU branches. Confirm local status with your branch before visiting to avoid wasted trips.

Will UPI work during the bank strike today?

Yes. UPI, net banking, mobile banking, cards, and ATMs should function. Minor delays can occur during reconciliation at impacted banks. For time-sensitive payments, initiate early, verify beneficiary details, and keep proof of transaction until you see final confirmation in your account.

How does the PSU bank strike affect cheque clearing?

Cheques deposited at impacted branches can see a one-day delay, depending on pickup and clearing schedules. Electronic inward clearing may run, but physical flows can slip. If a payment is urgent, use UPI or online transfers. Communicate adjusted timelines to counterparties to avoid disputes.

Should investors change plans because of the bank strike today?

Not materially. Market operations and online transfers continue. The key is avoiding same-day branch-dependent pay-ins, cheque drops, or redemptions. Pre-fund accounts via UPI or net banking, keep small liquidity buffers, and reconcile postings the next business day to prevent settlement friction.

Global Market Insights

India Bank Strike Today, January 27: PSU Branches May Face Disruptions

ByDanny Kontos January 27, 2026January 27, 2026

Bank strike today is set to disrupt counter services at many public sector branches across India. Private banks are likely to operate as usual, while UPI, internet banking, and ATMs should stay available. This PSU bank strike could delay cheque clearing and cash logistics for a day, but there is no systemic risk indicated. We explain the impact on collections, payments, and settlements, and how it fits within the RBI bank holiday calendar. We also outline UPI services status and practical steps for individuals and businesses to plan around today’s disruption.