- Bharat Raj Upreti (ICT Journalist)

Kathmandu. The employees of banks and financial institutions have started a protest after the social security fund pressured them to join within June. The employees of various banks and financial institutions have protested by hanging black banners saying that they are trying to forcefully join the fund so that the benefits they get are reduced.

Employees of banks and financial institutions protested after the Social Security Fund cut the letter to register before the end of June. They have organized a protest in front of their bank when the office opens in the morning. The agitation has started by placing protest banners in Machhapuchhre Bank, Nepal Bangladesh 9NB0 Bank, Nabil Bank, Mega Bank, Everest Bank, Himalayan Bank and Civil Bank.

The employees of the financial sector have also warned that if they are forced to join the social security fund, they will be forced to take up a strong movement. According to them, they have to pay the money they have earned so far, it will not come back after the payment, even if the pension comes, the principal amount will sink.

Employees of banks and financial institutions are not very satisfied with the pension calculation method in the fund's management and the provision that funds can be withdrawn only after 60 years. Gautam Bhandari, president of the Himalayan Bank Employees' Union, informed that if the problem is not resolved, the agitation will be intensified and preparations are being made to file a case against the fund.

Parshuram Khanal, Vice President of the Financial Institutions Employees Union, said that despite repeated talks with the Social Security Fund, there was no hearing, so they had to protest.

On the other hand, the Social Security Fund is instructing the employees of banks and financial institutions to join the fund. Already, the Nepal Financial Institutions Employees Association has issued a joint statement with trade unions of 29 different banks and financial institutions.