Incident Reports

Employees of Siddhartha Bank stage protest in Kathmandu against participation in Social Security Fund


Bagmati, Kathmandu, Kathmandu

Employees of Siddhartha Bank at New Road in Kathmandu staged a protest on June 30 stating that mandatory participation in the Social Security Fund will reduce the services available to employees of banks and financial institutions and insurance companies.

The government introduced a contribution-based social security scheme on November 27, 2018, with the objective of minimizing the economic and social risks of formal and informal, private-sector workers by including them in the social security scheme. However, the employees of various financial institutions have protested against their inclusion in the scheme, saying that they have to be deprived of the services they have received from collective bargaining in the past. They demanded that the provisions of the plan be amended.

Details and Impacts
Violent / Non-violent Nonviolent
Primary Form Demonstration
Primary Cause Other governance issues
Actor 1 - Number of people n/a
Actor 1 - Affiliations Labor organization, trade unions and other organizations based on economic demands
Actor 1 - Youth na
Actor 2 - Number of people n/a
Actor 2 - Affiliation (Target) Other state institutions
Actor 2 - Youth na
National/Online Media