Latest news on 10th bipartite settlement 25 may 2015. In this connection, we enclose following documents. Here you can get the other highlights of the settlement. Bank and the settlement dated 16th june 2005 entered into with the staff federation. Views of himadri on 10th bipartite settlement for bank employees. Bank officers expected demand in 11th bipartite settlement of wage revision is being submitted by bank union on behalf of all the bank employees to iba indian bankers association. Movement of the banking industry when the anxiety, apprehensions. Finance ministry approved 10th bipartite settlement wage.
Officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. This post provides updated detail of leave eligibility conditions for granting casual leave, special casual leave, unavailed casual leave, privilege leave, sick leave, additional sick leave, maternity leave and paternity leave, special leave for participating in sports eventstrekking programmes, person who undergo sterilization operation for promoting small family norms, and. The subcommittee for discussion of medical reimbursement met at. Salary revision for officer employees of public sector banks. Wage revision of award staff and officers in terms of bipartite settlement joint note. Vii cpc pay scale of 56100, which is based on da 1. This is the very useful information for officers who were in the service of the bank. Meeting of the subcommittee on salary revision very lengthy circular click here aiboc clr201504 dt 15 01 2015. Officers wage revision new pay scales 10th bpsbank. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Pay scales minimum basic salary of bank officers in 11th bipartite settlement is proposed at rs.
Download apps on important banking news projected d. Bank employees federation of india, national organisation of bank workers and indian. Finance ministry approved 10th bipartite settlement wage revision for bank employees for period 1. 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. Wage revision for bank officers and workmen may be done. Compare scales of pay of bank officers in wage settlements. The settlement was sign in may 2015 with 15 percent hike. All india consumer price index for industrial workers base. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. The latest meeting of the core group was held on 6th september 2017.
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. The subcommittee for discussion of medical reimbursement met at 11. It is more painful to see that a bank officer is being paid less than a clerk of govt. Section v leave rules foboisufederation of bank of. 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.
Salary revision for officer employees of public sector banks governed by officer s service regulation 10th bipartite settlement for. There are various demands being raised by officers union to be fulfilled in 11th bipartite for bank officers. The pay scales will be arrived at based on the above principles discussed. B a bipartite settlement was signed between iba and national organisation of bank workers nobw on 22nd october, 1997 whereby nobw agreed not to seek reopening of any of the industry level settlement signed subsequent to settlement dated 25th april, 1980 and as such signed the settlement dated 28th november, 1997 as one of the unions. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. As the 10th bipartite settlement ended, the new pay scales and other components of wages and service conditions of bank employees need to be. Salary of sbi clerk after 10th bipartite 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. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. A simple calculation, take basic salary suppose rs 14500, take 60. Gratuity under the 10th bp settlement signed news uco. The salient features with regard to pay slip component were also highlighted in that circular. A, the indian banks association iba on behalf of its member banks named in the respective schedule, signed settlements with the all india bank employees. All india bank employees association reproduced the clarification in 10th bipartite settlement for clerks and substaff.
Joint note salary revision for officers conclusion of. He further added that aibea will sign the 11th bipartite wage settlement before announcement of the schedule of general election. Wage revision bank employees 10th bipartite settlement. The current 10th bipartite settlement on wages and service conditions of bank employees ended on 31st october 2017. The full detailed joint note unsigned for 10th bps can be downloaded by clicking here. 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.
But i am here under giving a small example which will prove 10th bps is worse than 9th bps. The chart is very subjective and pretty optimistic. About 6 lacs workmen employees covered by this settlement. Officers service regulations joint note 10th bipartite. Latest news on 10th bipartite settlement 25 may 2015 aibea. The day one since the charter of demand was submitted by the joint forum of all the four officers unions, their leaders started communicating that 10th bps would become the historical wage settlement for bank officers. Salary of bank employees after 11th bipartite settlement. National bank officers congress inboc and national organisation of bank. Government and iba has agreed on the 10th bipartite wage settlement. 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. P one year after reaching the maximum scale of pay they are placed. Views of himadri on 10th bipartite settlement for bank. 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 spread over the.
We are thankful to the entire bank employees and officers for their exemplary. Aibea general secretary c h venkatachalam has announced recently in kanpur meeting that aibea would accept the iba offers of 12% hike in salary. The iba has settled the 10th bipartite for bankers at 15% on basic pay. Financial services covers the functioning of banks, financial. In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task. Wow i mean people are really optimistic with the wage settlement and everything. Young bank employees are eager to know the process of wage revision bipartite settlement eleventh. Download bank clerk overtime salary calculator with claim form demonetization work. Category of 5th bipartite the ceiling of pension be raised to rs. Calculate the projected salary along with the difference with existing gross pay post 11th bps for officers from scale i to iii. We are happy to inform that the indian banks association, mumbai iba on. Settlementjoint note and partly by 10th bipartite settlementjoint note, the. Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. Public sector bank employees salary bipartite settlement.
For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. Leave rules for bank officers and employees banking school. 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. What will be the basic pay for bank poso after 11th. For retirees also we have asked iba to workout a similar scheme.
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