Latest news for bank employees salary wage revision talks with iba. Does it mean officers cannot apply for extraordinary leave. Federation of india, indian national bank employees. It is a settlement under the industrial disputes act and hence legally binding on government and banks. 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. Eleventh bipartite settlement bank wage revision history and customs followed so far young bank employees are eager to know the process of wage revision bipartite settlement eleventh. In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task.
Gratuity, if any, on the revised salary and allowances payable to them in terms of 9th bipartite settlement. For retirees also we have asked iba to workout a similar scheme. 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. Indian banks association inked wage settlement with employee unions and. 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. It has been further agreed that the period of 3 years shall be reduced to 2 years. Calculate the projected salary along with the difference with existing gross pay post 11th bps for officers from scale i to iii. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers.
Wage revision bank employees 10th bipartite settlement. Iba inked with employee unions and officers association. I can see that there is no information about extraordinary leave in officers jointnote2015. Government and iba has agreed on the 10th bipartite wage. Bank unions will decide on strike action soon to press for early settlement of wages approval of salary revision for officers of bank 10th bipartite settlement latest developments on 10th bipartite settlement wage revision for bank employees. Under section 2p and section 181 of the industrial disputes act, 1947 read with.
Gratuity under the 10th bp settlement signed news uco. Aibea agrees on iba offers of 12% salary hike in 11th bipartite wage settlement editor. Demands for 11th bipartite settlement aibea govtstaffnews. About 6 lacs workmen employees covered by this settlement. X bipartite bank employees wage revision settlement points between iba and bank unions on february 23, 2015 in 10th bipartite discussions, bank employees news, bipartite settlement, national union of bank employees. Bank employees wage revision 10th bipartite wage settlement. Demands for 11th bipartite settlement aibea broad summary of charter of demands for 11th bipartite settlement 40 points 1522017 circular no. Under the recently signed 10th bipartite settlement, it has been agreed that employees shall be eligible for 8th stagnation increment on 1st may, 2015 or two years after receiving the seventh stagnation increment, whichever is later. Settlement on the industrial disputes between certain banking companies and their workmen memorandum of settlement arrived at on 19th october 1966 before shri o. Latest news on 10th bipartite settlement 25 may 2015 aibea. As of now, the tot al workman covered by these banks is around 6,50,000. Salary of sbi clerk after 10th bipartite settlement.
Now as per amendment, pay as per 7th r calculation of basic pension. Da for bank staff and officers from nov 2018 to jan 2019 november 2. In partial modification of clause 15 a of the bipartite settlement dated 10th april, and clause of the bipartite settlement dated 14th february,the hill and fuel allowance shall be payable at the following rates with effect from 1st november, in the case of special assistant, the special pay payable for the period 1 st november, to the date. It is difficult to predict any exact sum regarding the increase in salary of bank employees after 11th bipartite settlement. Jan 04, 2017 all india bank officers confederation aiboc has issued a circular, clarifying the progress made in respect of 11th bipartite settlement, which is due to be implemented with effect from 01. Joint note salary revision for officers conclusion of discussions between the iba and the officers associations the negotiating committee of indian banks association iba representing the managements of banks held several rounds of discussions with the authorised representatives of the officers. Based on our past experience we try to give a brief outline about how the negotiations will shape up between ufbu united forum of bank unions and iba. Association, national confederation of bank employees, bank employees. Apr 12, 2017 11th bipartite settlement is due on dated 01st nov 2017 for public sector bankers psb. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Salary of sbi clerk after 10th bipartite settlement state bank of india sbi is the premiere public sector bank of india with over 0 branches.
Work from home policy to bank employees charter of demands. Bank employees 11th bipartite salary calculator 11th bipartite settlement for bank employees are fast approaching i. Basis for demands the process of wage revision must. For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. Comparison of salary between the central government employees and bank employees for each bipartite settlement. May 15, 2017 11th bipartite settlement is due from 1st november 2017.
All india bank employees association reproduced the clarification in 10th bipartite settlement for clerks and substaff. Are officers not covered under 10th bipartite settlement workmen. Every one has started anticipating the approximate dearness allowance or basic pay after the 11th bipartite settlement. He has also stated that the officers associations are creating impediment to the settlement. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. The new system of grade pay is introduced first time in banking sector as per the grade pay system of central government employees. The settlement dated 10th april, 1989 was for a period of five years with effect from 1st november, 1987. In respect of 43 banks listed in schedule 1 to this memorandum of settlement, except the.
Iba inked with employee unions and officers association posted by admin may 25, 2015 0 comments indian banks assassination. This is the very useful information for officers who were in the service of the bank. 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. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. Supremacy of bip artism proved silent achivement silences the critics aibea crosses one more milestone in its glorious journey started 69 years back.
X bipartite bank employees wage revision settlement points. Bank unions will decide on strike action soon to press for early settlement of wages. Dear comrades, charter of demands for 11th bp settlement submitted to iba our units and members are aware that the period of our current 10th bipartite settlement. After one year of negotiation and salary hike offered by iba thereon a rough calculation sheet is prepared. Approval of salary revision for officers of bank 10th bipartite settlement latest developments on 10th bipartite settlement wage revision for bank employees. Bank employees wage revision 10th bipartite how much increase. Memorandum of settlement dated 2nd june 2005 between the managements of 50 banks as represented by the indian banks. Home 11th bipartite salary calculator this will be your expected basic pay after 11th bipartite settlement. Association and their workmen as represented by the all india bank employees. Leave rules for bank officers and employees banking school. Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. Tripartite agreement is arrived at during consiliation proceedings before the conciliation officer and is referred to as tripartite settlement this covers all workmen present and future and all unions even if they are not a party to the settlement this is called 123 settlement siva. Jun 15, 2010 bipartite settlement in respect of the officers in the banking industry.
All india consumer price index for industrial workers base. This will be your expected basic pay after 11th bipartite settlement. The struggles and successes of aibea are part of trade union history of india. Under the umbrella of ufbu, the signing of x bipartite settlement has proved that bank employees of. Apr 26, 2017 bank employees get 15 percent salary increase in their settlement indian banksassociation minutes of the discussions held on 23rd february 2015 between iba representing management of banks which are parties to the bipartite settlement. The settlement covers 46 banks 26 public sector banks, 12 private sector banks and 8 foreign banks and would benefit 4,77,000 workmen employees and 2,75,000 officers. Memorandum of 10th bipartite settlement between the bank unions and indian banks association on 25th may 2015 memorandum of settlement dated 25 th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as. May 09, 2017 work from home policy to bank employees charter of demands 11th bipartite the board of the largest bank, state bank of india recently approved the work from home policy to enable its employeesofficers to work while at home using mobile devices to address any urgent requirement they may have, which prevents their travelling to work. Wage revision of bank employees is due from november 2012 and bank employees unions and officers association submitted their charter of demand for 10th bipartite to. Officers wage revision new pay scales 10th bpsbank. Here you can get the other highlights of the settlement. Bank employees wage revision 10th bipartite how much.
Oct 09, 2017 11th bipartite settlement demands part 1. Here are the proposed charted of demands for supplement allowances paid other than salary to officers at various scales. Officers wage revision new pay scales 10th bps bank bipartite settlement basic pay 23700 to 85000. 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.
What a banker is expecting from 11th bipartite settlement. The process of wage negotiation for public sector bank officers and workmen may be done separately again after oneandahalfdecade with the largest officers union boycotting the talks while the workmen unions are in favour of going ahead with it. It is applicable to those who are a party to the settlement. Venkatachalam, chief labour commissioner c, new delhi in an industrial dispute between the managements of the banks as represented by the indian banks association, bombay and the. Anything connected to 11th bipartite wage settlement can be added here. Hence there is a need for revising the wages and other service conditions with a freshsettlement. In case of death, incapacitation etc, the fund would be released as per the government guidelines. X bipartite bank employees wage revision settlement. 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. The last phase of meeting with finance ministry and iba is being going on, we are hoping that within a week the outcome will be published. The principals and policies of the tripartite body have been a machinery of consultancy at the industrial and national levels. Officers in mmg scale ii who have moved to scale of pay for mmg scale iii in terms of regulation 5b after reaching maximum of higher scale shall be eligible for three stagnation increments of rs.
May 08, 2017 11th bipartite settlement salary wage revision of government sector bank employees. Salary of bank employees after 11th bipartite settlement. What is the basic salary of an sbi po after the 10th. 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. Including private banks and foreign banks who are parties to the settlement, around 4,80,000 as on 11 12012. Latest news on 10th bipartite settlement 25 may 2015. Wage revision for bank officers and workmen may be done. Public sector bank employees salary bipartite settlement updates. Compare salary bank officers vs central government group a. Contributions to nps are considered for tax benefits under income tax act. The pension option settlement has also been signed under the banner of ufbu, all the 9 unions have signed the agreements covering both employees and officers.
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