Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. The subcommittee for discussion of medical reimbursement met at 11. 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. For retirees also we have asked iba to workout a similar scheme. 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. 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. 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. May 08, 2017 compare salary bank officers vs central government group a officers. Public sector bank employees may calculate their salary difference after 11th bipartite wage revision here is the projected salary calculator based on 11th bps. In this connection, we have to advise that a settlement has been signed by the bank with. 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. In this connection, we enclose following documents. In respect of 43 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.
Bank employees xth bipartite pay scale calculator bankers may calculate their new salary from this tool bankers may calculate their new salary from this tool and latest media report mr r joshi, one of our viewers sent an excell sheet for calculation of new pay for bank clerk, officers and substaffs in respect of finalized scales consequent. X bipartite bank employees wage revision settlement points. Wage revision in public sector banks takes place in every five years. 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. 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. Every one has started anticipating the approximate dearness allowance or basic pay after the 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. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. Bank and the settlement dated 16th june 2005 entered into with the staff federation. Public sector bank employees salary bipartite settlement updates.
Officers wage revision new pay scales 10th bps bank bipartite settlement basic pay 23700 to 85000. 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. Da as of october 2017 will be 60 % approx da will be merged with basic pay from november 2017. X bipartite bank employees wage revision settlement. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Wage revision for bank officers and workmen may be done. But, ordinary rank and file employees are in no way involved in grant of.
Iba inked with employee unions and officers association. Bank in terms of the 10th bipartite settlement dated 25. The wages and service conditions enjoyed by the bank employees today have been secured after bitter and protracted struggles. Basis for demands the process of wage revision must. Settlement will have to be extended by member banks to all employees irrespective of their union affiliation. 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.
Joint note salary revision for officers conclusion of. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Aug 02, 2017 11th bipartite settlement in banks part 3 chance, luck, errors in nature, fate, destruction as a finale by chris zabriskie is licensed under a creative commo. Salary of bank employees after 11th bipartite settlement. Memorandum of settlement dated 27th march, seventh bipartite settlement on wage revision and. National bank officers congress inboc and national organisation of bank. 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 separately. This is the very useful information for officers who were in the service of the bank. Banknewsviews bank wage revision news, eleventh bipartite. Gu all india bank of baroda employees federation, mumbai in substitution of clause 9 of the bipartite settlement dated 27th april 2010 with effect from 1st november 2012, the house rent allowance.
Compare scales of pay of bank officers in wage settlements. Iba inked with employee unions and officers association posted by admin may 25, 2015 0 comments. Wow i mean people are really optimistic with the wage settlement and everything. The latest meeting of the core group was held on 6th september 2017. Wage revision bank employees 10th bipartite settlement. May 15, 2017 11th bipartite settlement is due from 1st november 2017. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. What is the expected salary structure of bank employees after.
May 25, 2015 the settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. The executive committee of the central board has since accorded approval for implementation of the provisions of the 9th bipartite settlement as applicable to our bank 3. Finance ministry approved 10th bipartite settlement wage revision for bank employees for period 1. 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 representing. The subcommittee for discussion of medical reimbursement met at. Gratuity under the 10th bp settlement signed news uco. Supremacy of bip artism proved silent achivement silences the critics aibea crosses one more milestone in its glorious journey started 69 years back. 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. Therefore minimum 49% rise in salary is necessary in 10th bipartite settlement. Joint note25th may 20151 joint note salary revision for officers conclusion of discussions between the iba and the officers associations the negotiating committee of indian banks.
Compare salary bank officers vs central government group. Compare salary bank officers vs central government group a. Dear comrades, wage revision talks with iba ufbu circular. Bank employees 11th bipartite salary calculator 11th bipartite settlement for bank employees are fast approaching i.
Under section 2p and section 181 of the industrial disputes act, 1947 read with. Here you can get the other highlights of the settlement. Employees who have retired from the service of the bank on or after the. Hence there is a need for revising the wages and other service conditions with a freshsettlement.
Salary revision and pension option it is a momentous and historical settlement signed by. Central government officers group a and bank officers salary comparision from 1992 to 2016 an important point to note of and on it comes for discussions while salary of central govt employees gets revised at 10 years interval, bank employees salary is being revised at 5 years interval. All india bank employees association reproduced the clarification in 10th bipartite settlement for clerks and substaff. Bank employees xth bipartite pay scale calculator bankers. B a bipartite settlement was signed between iba and national organisation of bank workers nobw on 9 th august 2002 whereby nobw agreed not to seek reopening of industry level settlement dated 27 th march, 2000 and 10 th april 2002 and as such signed the settlement dated 9 th august 2002 on disciplinary action procedure for workmen. 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. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. What will be the basic pay for bank poso after 11th.
We are thankful to the entire bank employees and officers for their exemplary. Comparison of salary between the central government employees and bank employees for each bipartite settlement. Apr 19, 2017 11th bipartite settlement officers summary of demand submitted to iba april 19, 2017 categories 11th bipartite settlement, salary structure, wage revision finally after lot of repeated reminder by government, banks officers union has submitted the summary of demand and no charted of demand to indian bankers association iba. Officers in jm grade scale i who have moved to scale of pay for mmg scale ii in terms of regulation 5b after reaching maximum of the higher scale shall be eligible for four stagnation increments for every three completed years of service of which first two shall be rs. Bipartite talks took place between iba and ufbu circular all india bank employees association circular no. There are various demands being raised by officers union to be fulfilled in 11th bipartite for bank officers. Category of 5th bipartite the ceiling of pension be raised to rs. Employees and bank employees for each bipartite settlement. Hra, cca, special allowence, other allowence and da will be applied on this amount. Another round of bipartite talks took place between iba and ufbu today at mumbai on our demands for wage revision.
Charter of demand submitted by bank officers union has demanded the salary as per the central government employees. Mar 01, 2017 wow i mean people are really optimistic with the wage settlement and everything. Bank employees federation of india, national organisation of bank. 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. The chart is very subjective and pretty optimistic. Bipartite settlement latest central government employees.
May 25, 2015 10th bipartite settlement joint note download link. It is difficult to predict any exact sum regarding the increase in salary of bank employees after 11th bipartite settlement. 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. Our service conditions are governed by composition of the sastry award 1953, the lat decisions 1954, the industrial disputes banking companies decision act 1955, the industrial dispute banking companies decision amendment act 1957, the government of india. Latest news about 11th bipartite settlement, latest bank strikes 2018, how to pass jaiib, how to pass caiib, what books to follow for jaiib, caiib, jaiib and caiib materials, pattern of jaiib, caiib, all about banking news, all about jaiib and caiib, latest recruitments in banking, bankers news and tips, latest changes in banks, bank exam notifications, what are alternate channels, how much. These meetings are held between the indian banks association and the union of bank employees. Under the umbrella of ufbu, the signing of x bipartite settlement has proved that bank employees of. The indian banks association iba has signed a joint note on 25. Viibipartitesettlement7thbipartitesettlementbankemployees. 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. Salary revision 10th bipartite settlement indian banks. The struggles and successes of aibea are part of trade union history of india. Officers service regulations joint note 10th bipartite. Association, national confederation of bank employees.
In partial modification of clause 15 a of the bipartite settlement dated 10th april. 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 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 federation of india, national. The 11th bipartite settlement is due from november 1, 2017.
Apr 23, 2017 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. 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 iba indian banks association on 30. Compare salary bank officers vs central government group a officers editor. The new system of grade pay is introduced first time in banking sector as per the grade pay system of central government employees. 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. Click the link below to view the file 10th bipartite settlement for bank officers 7th joint note for revision of pay and allowances of bank officers file reference number 7th joint note file date 25. Officers wage revision new pay scales 10th bpsbank. 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. Nayak bhavan, ii floor, 14, second line beach, chennai tamilnadu india 600001 phone. The clerical and subordinate staff including permanent parttime employees on scale wages on reaching the maximum in their respective scales of pay, shall. 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. Salary of sbi clerk after 10th 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. Implementation of new medical insurance scheme for bank. Iba stated that the banks are facing increasing stress on profitability and the position of the banks are not that good and this should be kept 10tth mind while discussing the demands for wage revision. For every rise or fall of 4 points over 2288 points in the qud,terly average of the all.
859 799 858 1436 614 1538 721 1091 1436 270 898 1085 1344 1116 1160 266 1273 1147 1180 638 163 504 314 1342 1384 538 584 1273 237 202 1239 70 993 115 1094 765 725 535