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. May 15, 2017 11th bipartite settlement is due from 1st november 2017. This was the nonsense talk as bankers were expecting some smart move by iba since they made bankers union to called their proposed strike off. Management of banks which are parties to the bipartite settlement and.
Basis for demands the process of wage revision must. May 10, 2018 10th bipartite settlement sub committee meeting on bank bipartite on 16th april 10th bipartite settlement of bank employees latest news on 17. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. Salient features of the 9th bipartite settlement download as pdf file. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Earlier i have posted base date for merger of da with existing basic pay of bank employees in 10th bipartite settlement. The chart is very subjective and pretty optimistic. 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. The parties will meet on mutually convenient dated to draw out a detailed bipartite settlement joint note on the various issues on which consensus positions have been reached. 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. 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. Aug 05, 2017 latest outcome 11th bipartite salary settlement for bankers august 5, 2017 categories wage revision there was meeting held between representative of various bank unions with iba indian bankers association for settlement of 11th bipartite wage revision. Knowledge hub cboa canara bank officers association. Public sector bank employees salary bipartite settlement updates. Bank clerk salary after 10th bipartite wage agreement.
Da as of october 2017 will be 60 % approx da will be merged with basic pay from november 2017. Bank employees 11th bipartite salary calculator 11th bipartite settlement for bank employees are fast approaching i. In respect of 56 a class banks listed in schedule i, to this memorandum of settlement except the state bank of india, indian overseas bank, state bank of saurashtra and bank of baroda, the provisions of the sastry award as finally modified and enacted by the industrial disputes banking companies decision act, 1955,the industrial disputes. Meeting at dfs on 2nd may 2018 meeting at dfs today 2nd may 2018 all india state bank officers federation. C a bipartite settlement was signed between iba and bank. May 25, 2015 10th bipartite settlement joint note download link. Memorandum of settlement dated 14th february, 1995 between. The indian banks association iba has signed a joint note on 25. 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. 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.
The new system of grade pay is introduced first time in banking sector as per the grade pay system of central government employees. Iba meeting update 17th september offer improved to 12% 11th bps negotiation meeting with iba status in todays talks with iba, their offer was improved to 12% which we did not agree. 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. What will be the new salary of a bank po and clerk after the 11th bipartite. Workmen unions and officers associations on wage revision. The 11th bipartite wage settlement update is bank employees are offered 15% salary hike by government in february 2020. Latest news on 11th bipartite settlement 21st march 2017. What is the expected salary structure of bank employees. Compare salary bank officers vs central government group a officers editor. Expected gross salary for bank officers with10% hike by iba. What will be the basic pay for bank poso after 11th. Wage revision in public sector banks takes place in every five years.
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. 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. 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. Employees federation of india befi on 24th october 2002 whereby befi. Compare scales of pay of bank officers in wage settlements. Under the bipartite settlement, the employee is entitled to engage a lawyer to represent him in the enquiry with the permission of the bank. Gratuity under the 10th bp settlement signed news uco. The wage revision of public sector bank employees is due since november 2017. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. 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. Salary revision and pension option it is a momentous and historical settlement signed by. A bipartite settlement was signed between iba and bank employees federation of india befl on 23rd june, 1994, whereby befi. Here you can get the other highlights of the settlement. But it is unlikely that bank officers associations will join the discussions.
Joint note salary revision for officers conclusion of. 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. This is the very useful information for officers who were in the service of the bank. Latest outcome 11th bipartite salary settlement for bankers. Comparison of salary between the central government e. Another round of bipartite talks took place between iba and ufbu today at mumbai on our demands for wage revision. The bipartite wage agreement hiked the basic salary of the clerical cadre candidates by 15% in the public sector banks. For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. December 1996 was coterminus with the settlement dated 14th february, 1995. The basic principle of our wage revision should be based on the constitution of india which begins as, we, the people of india, having solemnly resolved to constitute india into a sovereign socialist secular democratic republic and to secure to all. More latest news on 5 day banking and leave rules are here. 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 negotiations under bipartite settlement for workmen of public sector banks may resume soon.
Full details of the iba and ufbu meeting with proposed costing on payslip kotak mahindra bank profit surges sbi specialist officer recruitment 2019 in these times it can not be business as usual by rajnish kumar bond bonanza to help indian banks. In the case of officer employee, it is open to the disciplinary authority to appoint a public servant as the presenting officer to present on its behalf the case in support of the articles of charge. Officers associations are not agreeable for the proposal to link a read more. 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. May 11, 2018 may 07, 2018 in 11th bipartite, 11th bipartite settlements, bank employees news 11th bipartite talks. Hra, cca, special allowence, other allowence and da will be applied on this amount. Wage revision meeting at dfs on 2nd may 2018 all india state bank officers federation circular dated 03. National bank officers congress inboc and national organisation of bank. Wow i mean people are really optimistic with the wage settlement and everything. Category of 5th bipartite the ceiling of pension be raised to rs. The subcommittee for discussion of medical reimbursement met at 11. Sep 14, 2014 calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Pli may be computed annually after declaration of banks annual results while bipartite wage settlement takes place every five years. The parties will endeavour to finalise the bipartite settlement joint note within a period of ninety days from the date of this minutes.
Nov 01, 2017 bank po salary after 11th bipartite settlement november 2017. Bipartite talks took place between iba and ufbu circular all india bank employees association circular no. What are the duties of a head cashier if he is the only clerk in a bank. What is expected rise in all components of bank clerk salary. Wage revision for bank officers and workmen may be done. Association and their workmen as represented by the all india bank employees. 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.
A bipartite settlement was signed between iba and national. Officers of state bank of india will continue to be covered by contributory provident. 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. There are various demands being raised by officers union to be fulfilled in 11th bipartite for bank officers. Certain banking companies foboisufederation of bank of. X bipartite bank employees wage revision settlement points. Memorandum of settlement foboisufederation of bank of. As contained in the joint note existing pension optees are waived from pension load deduction from arrear. Viibipartitesettlement7thbipartitesettlementbankemployees. Hence there is a need for revising the wages and other service conditions with a freshsettlement. Officers service regulations joint note 10th bipartite.
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. Basic pay chart and pay scales of bank officer with annual increment in pay scales. May 08, 2017 11th bipartite, salary calculator, 11th bipartite settlement salary wage revision of government sector bank employees. The wage negotiation committee is headed by union bank of india managing director rajkiran rai. All india bank employees association reproduced the clarification in 10th bipartite settlement for clerks and substaff. May 08, 2017 11th bipartite wage settlement latest news update keeping their promise to complete the bipartite settlement at earliest, iba had taken. Wage revision for bank officers and workmen may be done separately. 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. The 11th bipartite settlement for which negotiation is currently on is due from november 1, 2017.