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. Earlier we had been informing about the understandings reached on various items. Oct 19, 2018 bipartite settlement 10th bps 10th 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. Wage revision for bank officers and workmen may be done. May 25, 2015 10th bipartite settlement wage agreement for bank employees. Officers service regulations joint note 10th bipartite. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. X bipartite bank employees wage revision settlement points. May 21, 2015 officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. We have received many calls with regard to fitment charts, as per the 10 th bipartite settlement. Clerical staff 3 3 4 3 4 it is generally perceived that there is scope for redeployment of staff in banking industry.
May 10, 2018 we informed the iba that in the 10th bipartite settlement, there was increase of 15% hike in wage bill and hence this offer of iba is highly disappointing and totally unacceptable even as an initial offer. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. I can see that there is no information about extraordinary leave in officers jointnote2015. 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. Banks governed by officers service regulation 10th. In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task. F about 6 lacs workmen employees covered by this settlement. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers. 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. Officers wage revision new pay scales 10th bpsbank. 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. 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. Apr 12, 2017 11th bipartite settlement is due on dated 01st nov 2017 for public sector bankers psb.
Mar 01, 2017 wow i mean people are really optimistic with the wage settlement and everything. Anything connected to 11th bipartite wage settlement can be added here. Bps joint note dated 2552015 finalising salary revision for workmen officer. The 11th bipartite settlement is due from november 1, 2017. We give below the final position as are contained in the settlement for the benefit of our unions are members. Public sector bank employees salary bipartite settlement updates.
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. Basis for demands the process of wage revision must. Apr 27, 2010 under the settlement all the remaining 2,60,000 employees and officers who are now covered by cpf would be given a chance to join the pension scheme. Jun 10, 2019 9th bipartite settlement for bank officers pdf glimpses of signing ceremony of 9th bipartite.
X bipartite bank employees wage revision settlement. The settlement is preceded by 30 months of negotiations between the iba and the unions. 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. 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. As of now, the tot al workman covered by these banks is around 6,50,000. Banking department of financial services ministry of finance. Are officers not covered under 10th bipartite settlement workmen.
Approval of salary revision for officers of bank 10th bipartite settlement latest developments on 10th bipartite settlement wage revision for bank employees. 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. 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. Nov 27, 2014 workmen and officers have different policy. In this connection, we enclose following documents. All other existing provisions relating to house rent allowance shall remain unchanged. Clause 17 of the fifth bipartite settlement dated 10th april,shall stand deleted. Leave rules for bank officers and employees banking school. Jan 15, 2018 it is difficult to predict any exact sum regarding the increase in salary of bank employees after 11th bipartite settlement. Officers wage revision new pay scales 10th bps bank bipartite settlement basic pay 23700 to 85000.
Wage revision bank employees 10th bipartite settlement. All india bank employees association reproduced the clarification in 10th bipartite settlement for clerks and substaff. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. 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. Iba inked with employee unions and officers association posted by admin may 25, 2015 0 comments indian banks assassination. For retirees also we have asked iba to workout a similar scheme. In respect of 43 banks listed in schedule 1 to this memorandum of settlement, except the. 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. Here you can get the other highlights of the settlement. You are here staffnews bank 10th bipartite settlement wage agreement for bank employees. Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed.
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. Aug 29, 2019 clerical staff 3 3 4 3 4 it is generally perceived that there is scope for redeployment of staff in banking industry. Officers in mmg scale ii who have moved to scale of pay for mmg scale iii in terms of regulation 5 b after reaching maximum of higher scale shall be eligible for three stagnation increments of rs. The settlement dated 14th december 1996 was coterminus with the settlement dated 14th february, 1995.
For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. More than 50,000 retirees will also get the option to join the pension scheme. The indian banks association iba representing the managements. Public sector bank employees may calculate their salary difference after 11th bipartite wage revision here is the projected salary calculator based on 11th bps.
Iba has raised its offer to 10% hike but the bipartite talks are stuck as the all. Salary revision for officer employees of public sector banks. Salary of sbi clerk after 10th bipartite settlement. The settlement dated 10th april, 1989 was for a period of five years with effect from 1st november, 1987. Management of banks which are parties to the bipartite settlement and. It is difficult to predict any exact sum regarding the increase in salary of bank employees after 11th bipartite settlement. Iba inked with employee unions and officers association. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Latest news on 10th bipartite settlement 25 may 2015. Settlementjoint note and partly by 10th bipartite settlementjoint note, the last. Latest news on 10th bipartite settlement 25 may 2015 aibea. We informed the iba that in the 10th bipartite settlement, there was increase of 15% hike in wage bill and hence this offer of iba is highly disappointing. Salary of bank employees after 11th bipartite settlement.
Indian banks association inked wage settlement with employee unions and. Fitment and pay fixation on promotion psu bank employees now in majority of psu banks promotion process is complete, and fitment and pay fixation for the promotes is under process. Bank unions will decide on strike action soon to press for early settlement of wages 10th bipartite settlement wage agreement for bank employees. Gratuity under the 10th bp settlement signed news uco. Stagnation increments, special pay, graduation pay, professional qualification pay and officiating pay, if any. Government and iba has agreed on the 10th bipartite wage. What will be the basic pay for bank poso after 11th. Fitment and pay fixation on promotion psu bank employees. Does it mean officers cannot apply for extraordinary leave. We have already informed all our units and members about the happy news of signing the 9 th bipartite settlement on 27. Apr 17, 2015 tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed.
Iba inked with employee unions and officers association posted by admin may 25, 2015 0 comments. Workmen unions and officers associations on wage revision. Under section 2p and section 181 of the industrial disputes act, 1947 read with. This is the very useful information for officers who were in the service of the bank. Salary revision and pension option it is a momentous and historical settlement signed by. Here are the proposed charted of demands for supplement allowances paid other than salary to officers at various scales. 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. Bank unions will decide on strike action soon to press for early settlement of wages.
Including private banks and foreign banks who are parties to the settlement, around 4,80,000 as on 11 12012. Officers associations on wage revision for officers in banks. Wage revision of award staff and officers in terms of bipartite settlement. Aibea agrees on iba offers of 12% salary hike in 11th bipartite wage settlement editor. 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. 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. All the existing permanent officers employees of the banks which are parties to this.
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