Gratuity under the 10th bp settlement signed news uco. Bank employeesassociation, national confederation of bank employees. 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. 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. May 25, 2015 the settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. For starters, iba and ufbu have now agreed upon a 17. A clerk comes under the category of the award staff. This time bank unions are sleeping where as government is in hurry to settle the revised pay of bank employees on time. Chapter 19 of the said bipartite settlement deals with disciplinary action and procedure therefor.
Officers service regulations joint note 10th bipartite. 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. Salary hike for bank employees, 30 month pay arrears new wage revision agreement to be signed on the 25th. Wow i mean people are really optimistic with the wage settlement and everything. What is the basic salary of an sbi po after the 10th. Nayak bhavan, ii floor, 14, second line beach, chennai tamilnadu india 600001 phone. 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. Association, national confederation of bank employees. Bank employees federation and national organisation of bank workers. Under section 2p and section 181 of the industrial disputes act. In partial modification of clause 5 of bipartite settlement dated 27th april. Distribution chart for 10th bipartite settlement finalised. 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. 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.
Bank employees 11th bipartite salary calculator 11th bipartite settlement for bank employees are fast approaching i. Basic pay chart and pay scales of bank officer with annual increment in pay scales. National bank officers congress inboc and national organisation of bank. May 15, 2017 11th bipartite settlement is due from 1st november 2017. Association and their workmen as represented by the all india bank employees. No portion of arrears be withheld in respect of non optee employees who retired on or after 01. Get 11th bipartite daily updates, enter your email address. A bipartite settlement was signed between iba and national organisation of bank workers nobw on 22nd october, 1997. What will be the basic pay for bank poso after 11th. Da for may 2017 bank employees salary decreases by 1.
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. Wage revision meeting at dfs on 2nd may 2018 all india state bank officers federation circular dated 03. This higher pension will be paid from 1st may, 2005. Bank employees xth bipartite pay scale calculator bankers may calculate their new salary from this tool. Bipartite talks took place between iba and ufbu circular all india bank employees association circular no. 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. Professional eligibility gualification pay pgp difference 390 difference 2 years after reaching max 300 360 caiib part l jaiib caiib both parts. 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. While arriving at dearness allowance payable, decimals from third place.
Every one has started anticipating the approximate dearness allowance or basic pay after the 11th bipartite settlement. Memorandum of settlement foboisufederation of bank of. Bipartite settlement central government employees news. Jun 15, 2010 bipartite settlement in respect of the officers in the banking industry. Bank employees wage revision 10th bipartite wage settlement. Salary revision and pension option it is a momentous and historical settlement signed by. Dear comrades, wage revision talks with iba ufbu circular. Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11th bipartite settlement. 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. Discussions on medical insurance scheme, wage increase etc. A bipartite settlement was signed between iba and national. Certain banking companies foboisufederation of bank.
Certain banking companies foboisufederation of bank of. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Scales of pay a in supersession of clause 4 of bipartite settlement dated 2nd june 2005, with effect. 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. X bipartite bank employees wage revision settlement. Bank employees wage revision 10th bipartite how much.
A bipartite settlement was signed between iba and bank employees federation. 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. The subcommittee for discussion of medical reimbursement met at 11. Basis for demands the process of wage revision must. May 08, 2017 comparison of salary between the central government employees and bank employees for each bipartite settlement. Comparison of salary between the central government employees and bank employees for each bipartite settlement. Oct 23, 2009 for starters, iba and ufbu have now agreed upon a 17. 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. In this connection, we enclose following documents.
Memorandum of settlement dated 27th april 2010 between the managements of 46 banks as represented by the indian banks. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Another round of bipartite talks took place between iba and ufbu today at mumbai on our demands for wage revision. 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. The award staff are governed by what is called the bipartite settlement between indian bank s association and all india bank employees association. C a bipartite settlement was signed between iba and bank. Workmen unions and officers associations on wage revision. The chart is very subjective and pretty optimistic. All india bank employees association central office. Next round of negotiations for 11th bipartite talks to be held on 15th october 2019. Public sector bank employees salary bipartite settlement updates. Government and iba has agreed on the 10th bipartite wage.
The previous wage revision was due on november 2012 but settled on june 2015. 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. Salary revision 10th bipartite settlement indian banks. They will be joining the pensions scheme by making contribution towards funding gap as retired employees in terms of 9th bipartite settlement. 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. Ufbu rejects ibas initial offer of 2% hike in wage bill. In supersession of clause 4 of bipartite settlement dated 14th february, 1995 and clause 1 of bipartite settlement dated 14th. In terms of clause 7 of the 10th bipartite settlement dated 25. Memorandum of settlement dated 14th february, 1995 between. For employees retired between april, 1998 and october, 2002. Bipartite settlement in respect of the officers in the banking industry. A bipartite settlement was signed between iba and bank employees federation of india befl on 23rd june, 1994, whereby befi. 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.
Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers. Bank and the settlement dated 16th june 2005 entered into with the staff federation. 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. Calculate expected salary increase in 11th bipartite settlement. Memorandum of settlement dated 25th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as represented by the all india bank employees association, national confederation of bank employees, bank employees feder. For employees retired between november, 2002 and april, 2005. Management of banks which are parties to the bipartite settlement and. Employees federation of india befi on 24th october 2002 whereby befi. The data mentioned in the answers above are not even mentioned by the unions and association in their demand.
The subcommittee for discussion of medical reimbursement met at. Government and iba has agreed on the 10th bipartite wage settlement. Annexurea provisions of 9th bipartite settlement dated 27th april 2010 on wage revision for workmen staff as applicable to state bank of india 4. Banking updates charter of demands for 11th bipartite. In supersession of clause 4 of bipartite settlement dated 2nd june 2005, with effect. 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. X bipartite bank employees wage revision settlement points. Discussion on 11th bipartite wage settlement for public sectors bank employees.
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