Financial intermediary, Reserve Bank of India notified the bank not participating in the bank strike on August 6 and 7 not to present the cheques for clearing drawn on the banks participating in the strike.

The regulator has also asked the non-participating banks not to clear high value presentations, including MICR.

The regulator signaled the banks to go ahead with clearings of MICR only Aug 7 onwards.

Besides cheque and drafts clearings which are worst hit, the bank strike Aug 4 has disrupted other banking operations, including cash, inter-banking transactions and treasury operations.

There are around 1,050 clearinghouses in the country, most of which (nearly 900) are operated by State Bank of India group.

The strike was called by the United Forum of Bank Unions to protest against IBA decision of mere 13 percent pay hike and withdrawal of the alternate pension fund offer.

Bank employees up to level of chief manager participated in the strike.

"Ultimately, there will be a meeting point and some conclusion will be reached. Until then, there will be some friction that can result in strikes," a senior banker said considering the situation.