May 21, 2015 officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. Officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. Public sector bank employees salary bipartite settlement updates. The new gross salary with remaining dearness allowance at different scale of bank officers may be downloaded here below. As the 10th bipartite settlement ended, the new pay scales and other. The term bipartite settlement means a pact between two and who are the two parties here, one is the iba indian banks association and the other is the ufbu united forum of bank. Knowledge hub cboa canara bank officers association. In 10th bipartite wage revision for bankers the parties i.
Wow i mean people are really optimistic with the wage settlement and everything. Latest news on 10th bipartite settlement 25 may 2015. Dearness allowance for may, june and july 2020 to bank. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Iba and bankers union agreed that the total quantum of wage revision increase salaryslip component shall be. May 15, 2017 11th bipartite settlement is due from 1st november 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 feder. Salary calculator for bank employees 11th bps in 11th bipartite settlement 0 37,021 views public sector bank employees may calculate their salary difference after 11th bipartite wage revision here is the projected salary calculator based on 11th bps. Government and iba has agreed on the 10th bipartite wage settlement. The latest meeting of the core group was held on 6th september 2017. Iba is representing bank managements while united ufbu is representing officers.
Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. Here you can get the other highlights of the settlement. The salient features with regard to pay slip component were also highlighted in that circular. He not only had a mission, but also a vision aibea. Bank officers fitmentsstagnation increments as per 10th bpsjoint notes. X bipartite bank employees wage revision settlement points. Salary of bank employees after 11th bipartite settlement. All the existing permanent officers employees of the banks which are parties to this. In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task. Highlights of 10th bank bipartite settlement here are the main highlights of pay and other details finalized in 10th bipartite settlement settled next round of bipartite talks on next meeting between iba and ufbu 29 feb 2020 in todays talks with iba in addition to 15% increase in pay slip.
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. These meetings are held between the indian banks association and the union of bank employees. National bank officers congress inboc and 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 for bank employees. Also read salary of bank clerk after iba 10 bipartite settlement details net amount basic pay 14,500. The stages of basic pay to officer cadres of banks as per 10th bpsjoint note is as under. Home 11th bipartite salary calculator this will be your expected basic pay after 11th bipartite settlement. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. 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 chart is very subjective and pretty optimistic.
Compare scales of pay of bank officers in wage settlements. Wage revision for bank officers and workmen may be done. 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. This 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. May 08, 2017 11th bipartite settlement of bank employees are due on 01st nov 2017. 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 bank officers salary vs rbi officers 11th bipartite.
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. The settlement was sign in may 2015 with 15 percent hike. Aiboa all india bank officers association and aibea all india bank employees association have declared to go on a strike on the 27th of march 2020. Officers service regulations joint note 10th bipartite. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. The subcommittee for discussion of medical reimbursement met at. 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. Many readers have inquired about salary of a bank po after iba 10 bipartite settlement. I mean people are really optimistic with the wage settlement and everything. Salary revision for officer employees of public sector banks governed by officer s service regulation 10th bipartite settlement for. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers. Here are the main highlights of pay and other details finalized in 10th bipartite settlement. More than 50,000 retirees will also get the option to join the pension scheme. Apr 27, 2010 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.
What will be the basic pay for bank poso after 11th. After one year of negotiation and salary hike offered by iba thereon a rough calculation sheet is prepared. The settlement is preceded by 30 months of negotiations between the iba and the unions. Banks governed by officers service regulation 10th. 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. Approval of salary revision for officers of bank 10th bipartite settlement. Iba inked with employee unions and officers association. Salary of sbi clerk after 10th bipartite settlement. 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.
Salary of bank po after iba 10 bipartite settlement. Young bank employees are eager to know the process of wage revision bipartite settlement eleventh. For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. Section v leave rules foboisufederation of bank of india. Movement of the banking industry when the anxiety, apprehensions, restiveness. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Jan 15, 2018 the current 10th bipartite settlement on wages and service conditions of bank employees ended on 31st october 2017.
This will be your expected basic pay after 11th bipartite. Gratuity under the 10th bp settlement signed news uco. Meeting of the subcommittee on salary revision very lengthy circular click here aiboc clr201504 dt 15 01 2015. What a banker is expecting from 11th bipartite settlement. Latest news on 10th bipartite settlement 25 may 2015 aibea. 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. Designated officers of member banks which are parties to the bps dear sirmadam, x bp settlement clarifications 1. In respect of 50 banks listed in schedule 1 to this memorandum of settlement, except the state bank of india, indian overseas bank, state bank of saurashtra and bank of. Comparison of wage settlement with 10th bipartite 11th.
All india bank employees association reproduced the clarification in 10th bipartite settlement for clerks and substaff. Bank officers fitmentsstagnation increments as per 10th. Due to this the two bigger unions of banking segments viz. Basis for demands the process of wage revision must. Salary revision for officer employees of public sector. Clause 32 of the x bipartite settlement provides the benefit of paternity leave w. Scale i 237009807 30560 11452 32850 10 7 42020 plus stagnation increments as per chart. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. The settlement dated 10th april, 1989 was for a period of five years with effect from 1st november, 1987. 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.
Leave rules for bank officers and employees banking school. Banknewsviews bank wage revision news, eleventh bipartite. Proposed hike of 15% pay slip components which will be distributed among various components of monthly pay such as basic pay, special pay, fpp, pqp, dearness allowance, hra, cca, and other allowance. May 25, 2015 the settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Officers wage revision new pay scales 10th bpsbank. May 25, 2015 latest news on 10th bipartite settlement 25 may 2015 aibea. Government and iba has agreed on the 10th bipartite wage. This will be your expected basic pay after 11th bipartite settlement. For retirees also we have asked iba to workout a similar scheme.
Management of banks which are parties to the bipartite settlement and. Category of 5th bipartite the ceiling of pension be raised to rs. This is the very useful information for officers who were in the service of the bank. 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. Central govt employees 7th pay commission staff news web diary for central govt employees, defence personnel. Once the bipartite settlement is signed for the workmen, the joint note is signed for the officers under similar lines. 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.
Eleventh bipartite settlement bank wage revision history. Finance ministry approved 10th bipartite settlement wage revision for bank employees for period 1. Officers as well as employees already been submitted to iba for negotiation. 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 indian banks association in the past. 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. Wage revision bank employees 10th 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. Oct 23, 2016 young bank employees are eager to know the process of wage revision bipartite settlement eleventh.
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