Bank employees federation and national organisation of bank workers. Bank employeesassociation, national confederation of bank employees. Another round of bipartite talks took place between iba and ufbu today at mumbai on our demands for wage revision. Bipartite talks took place between iba and ufbu circular all india bank employees association circular no.
Management of banks which are parties to the bipartite settlement and. In this connection, we enclose following documents. Every one has started anticipating the approximate dearness allowance or basic pay after the 11th bipartite settlement. Bank employees wage revision 10th bipartite wage settlement. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers. What is the basic salary of an sbi po after the 10th. Compare bank officers salary vs rbi officers charter of demand submitted by bank officers union has demanded the salary as per the central government employees. Distribution chart for 10th bipartite settlement finalised. Salary revision 10th bipartite settlement indian banks.
Chapter 19 of the said bipartite settlement deals with disciplinary action and procedure therefor. Stagnation increments to nonsubordinate employees 10th bipartite settlement 1. Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement. Scales of pay a in supersession of clause 4 of bipartite settlement dated 2nd june 2005, with effect. In terms of clause 7 of the 10th bipartite settlement dated 25.
For employees retired between november, 2002 and april, 2005. In respect of 46 banks listed in schedule 1 to this memorandum of settlement, except the state bank of india, indian overseas bank and bank of baroda, the provisions of the sastry award in reference no. This time bank unions are sleeping where as government is in hurry to settle the revised pay of bank employees on time. Gratuity under the 10th bp settlement signed news uco. The subcommittee for discussion of medical reimbursement met at. May 25, 2015 the settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. The chart is very subjective and pretty optimistic. Da for may 2017 bank employees salary decreases by 1. This higher pension will be paid from 1st may, 2005. Jun 15, 2010 bipartite settlement in respect of the officers in the banking industry. They will be joining the pensions scheme by making contribution towards funding gap as retired employees in terms of 9th bipartite settlement. Memorandum of settlement dated 14th february, 1995 between the managements of 56 a class banks as represented by the indian banks association and their workmen as represented by the all india bank employeesassociation, national confederation of bank employees, bank employees federation of india and indian national bank employees. The subcommittee for discussion of medical reimbursement met at 11. During the course of our discussions, we requested iba officials, to offer certain clarifications in respect of fitment on promotion from clerical to officers cadre and promotions within the officers cadre.
Workmen unions and officers associations on wage revision. While arriving at dearness allowance payable, decimals from third place. Certain banking companies foboisufederation of bank of. Bipartite settlement central government employees news. Annexurea provisions of 9th bipartite settlement dated 27th april 2010 on wage revision for workmen staff as applicable to state bank of india 4. National bank officers congress inboc and national organisation of bank.
C a bipartite settlement was signed between iba and bank. What will be the basic pay for bank poso after 11th. Association, national confederation of bank employees. X bipartite bank employees wage revision settlement. X bipartite bank employees wage revision settlement points. This charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement for bank. For employees retired between april, 1998 and october, 2002. May 08, 2017 comparison of salary between the central government employees and bank employees for each bipartite settlement. February 23, 2015 in 10th bipartite discussions, bank employees news, bipartite settlement, national union of bank employees x bipartite bank employees wage revision settlement points between iba and bank unions indian banksassociation minutes of the dis. This charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement for bank employees.
Comparison of salary between the central government employees and bank employees for each bipartite settlement. In supersession of clause 4 of bipartite settlement dated 14th february, 1995 and clause 1 of bipartite settlement dated 14th. As per the statement released by bank employees federation of india befi the 11 th bipartite settlement effective from 1 st november 2017, will be valid for next three years. Association and their workmen as represented by the all india bank employees. Iba, the body for the bank management, has also in principle agreed to offer the pension option to those who did not opt for it in 1993. Government and iba has agreed on the 10th bipartite wage settlement. In supersession of clause 4 of bipartite settlement dated 2nd june 2005, with effect. Units are aware that the current 10th bipartite settlements period will end by october, 2017 and the wage revision under 11 th bipartite settlement will become due from 1.
Bank employees wage revision 10th bipartite how much. It is believe that consume price index cpi will ot change for the said period as compare o jan 2017 hence dearness allowance for month of may 2017 to july 2017 will be 45. A bipartite settlement was signed between iba and bank employees federation. Salary hike for bank employees, 30 month pay arrears new wage revision agreement to be signed on the 25th. Discussion on 11th bipartite wage settlement for public sectors bank employees. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. Employees federation of india befi on 24th october 2002 whereby befi.
Salary revision and pension option it is a momentous and historical settlement signed by. Ufbu rejects ibas initial offer of 2% hike in wage bill. A bipartite settlement was signed between iba and national organisation of bank workers nobw on 22nd october, 1997. Officers service regulations joint note 10th bipartite.
References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Bank employees xth bipartite pay scale calculator bankers may calculate their new salary from this tool. Get 11th bipartite daily updates, enter your email address. Wage revision meeting at dfs on 2nd may 2018 all india state bank officers federation circular dated 03. A clerk comes under the category of the award staff. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Dear sir, you are aware that the period of the current 10th bipartite settlement would come to end by october, 2017 and a revised settlement needs to be. For starters, iba and ufbu have now agreed upon a 17. The previous wage revision was due on november 2012 but settled on june 2015.
Bank and the settlement dated 16th june 2005 entered into with the staff federation. In the 10th bipartite settlement of wage revision between psu banks employee unions and bank management, indian banks association iba had settled at 15 per cent pay hike. Professional eligibility gualification pay pgp difference 390 difference 2 years after reaching max 300 360 caiib part l jaiib caiib both parts. Memorandum of settlement foboisufederation of bank of. Nayak bhavan, ii floor, 14, second line beach, chennai tamilnadu india 600001 phone. Under section 2p and section 181 of the industrial disputes act. Gratuity in the banks is payable to employees and officers both under the gratuity act, 1972 as well as under the provisions of our bipartite settlement for employees and as per osr for officers whichever is higher. No portion of arrears be withheld in respect of non optee employees who retired on or after 01. Government and iba has agreed on the 10th bipartite wage. Employees and officers from 43 banks including public sector banks, old private sector banks and some of the foreign banks benefit from the wage revision. Public sector bank employees salary bipartite settlement updates. A bipartite settlement was signed between iba and bank employees federation of india befl on 23rd june, 1994, whereby befi.
Bank employees 11th bipartite salary calculator 11th bipartite settlement for bank employees are fast approaching i. In partial modification of clause 5 of bipartite settlement dated 27th april. Basic pay chart and pay scales of bank officer with annual increment in pay scales. The news has come just after the news of iba advising for adhoc payment of one month salary advance against arrears to bank employees in view of delay in wage revision and looking into the read more iba vide letter dated 01. Dear comrades, wage revision talks with iba ufbu circular.
A bipartite settlement was signed between iba and national. Discussions on medical insurance scheme, wage increase etc. All india bank employees association central office. The award staff are governed by what is called the bipartite settlement between indian bank s association and all india bank employees association. Oct 23, 2009 for starters, iba and ufbu have now agreed upon a 17. Memorandum of settlement dated 27th april 2010 between the managements of 46 banks as represented by the indian banks. So far, even though we have been submitting the charter of demands earlier, there has always been delay in concluding the settlement due to various hurdles during the course of negotiations. Memorandum of settlement dated 14th february, 1995 between. May 15, 2017 11th bipartite settlement is due from 1st november 2017. Next round of negotiations for 11th bipartite talks to be held on 15th october 2019. Bipartite settlement in respect of the officers in the banking industry. Basis for demands the process of wage revision must. Wage revision talks with iba,indian banks association, banks, bank unions,public sector banksbanks, indian banks association, public sector banks, bank unions, bank staff salary, united forum of bank unions, finance ministry, nirmala sitharaman, all india bank employees association, indian banks, finance, bank wage revision, latest breaking news. Banking updates charter of demands for 11th bipartite.
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