Kathmandu. Employees of banks and financial institutions have started agitation after the Social Security Fund pressured them to join.

Employees of various banks and financial institutions have protested by hanging black banners saying that they have been forced to join the fund to reduce their food rations.

Employees of banks and financial institutions have been agitated after the Social Security Fund cut the letter to register before mid-July. They have protested in front of their bank when the office opens in the morning. The agitation has started with protest banners at Machhpuchhre Bank, Nepal Bangladesh (NB Bank), Nabil Bank, Mega Bank, Everest Bank, Himalayan Bank and Civil Bank.

Employees in the financial sector have also warned that they will be forced to join the agitation if they are forced to join the social security fund. According to him, he has to repay the money he has earned so far, he will not return it after repaying it, even if he gets a pension, his original money will sink.

The pension calculation method in the regulation of the fund and the provision that the fund can be withdrawn only after 60 years are the points that the employees of banks and financial institutions are not satisfied with. Chairman of the Himalayan Bank Employees' Union Gautam Bhandari informed that preparations are being made to intensify the agitation and file a case against the fund if the issue is not resolved.

Parshuram Khanal, vice-chairman of the Financial Institution Employees' Union, said that the agitation had to take place as there was no hearing despite repeated talks with the Social Security Fund.

Meanwhile, the Social Security Fund is instructing the employees of banks and financial institutions to join the fund. Earlier, the Nepal Financial Institution Employees Union has issued a joint statement of trade unions of 29 banks and financial institutions.