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. Bank and the settlement dated 16th june 2005 entered into with the staff federation. There are various demands being raised by officers union to be fulfilled in 11th bipartite for bank officers. 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. Salary of bank po after iba 10 bipartite settlement. Compare central government officers vs bank officers salary in pay commission editor. 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. The indian banks association iba has signed a joint note on 25. X bipartite bank employees wage revision settlement. Certain banking companies foboisufederation of bank. Iba, the body for the bank management, has also in principle agreed to offer the pension option to those who did not opt for it in 1993. The pay scales will be arrived at based on the above principles discussed. To give effect to the salary revision of officers, as aforesaid, uco bank. Latest news on 11th bipartite settlement 21st march 2017.
Salary revision and pension option it is a momentous and historical settlement signed by. 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 bipartite wage agreement hiked the basic salary of the clerical cadre candidates by 15% in the public sector banks. 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. Scales of pay a in supersession of clause 4 of bipartite settlement dated 2nd june 2005, with effect. Compare central government officers vs bank officers. Gratuity under the 10th bp settlement signed news uco. The 11th bipartite charter of demands submitted by aiboc, aiboa, inboc and nobo to indian bank association. Also read salary of bank clerk after iba 10 bipartite settlement details net amount basic pay 14,500. The basic principle of our wage revision should be based on the constitution of india which begins as. A, the indian banks association iba on behalf of its member banks named in the respective schedule, signed settlements with the all. The 10 bipartite wage settlement for bank employees was signed by. May 08, 2017 11th bipartite, salary calculator, 11th bipartite settlement latest news and updates about bank officers salary revision.
Other places in area i, and project area centres in group b. In this connection, we enclose following documents. A bipartite settlement was signed between iba and national organisation. For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. 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. The process of wage negotiation for public sector bank officers and. Government and iba has agreed on the 10th bipartite wage.
What will be the basic pay for bank poso after 11th. As per the statement released by bank employees federation of india befi the 11 th bipartite settlement effective from 1 st november 2017, will. The previous wage revision was due on november 2012 but settled on june 2015. The representatives of the officers associations, a part of united forum of bank unions ufbu and iba entered into a memorandum of understanding on 25 th february 2008 on various issues. Iba to meet bank officers for wage negotiations on. Annexurea provisions of 9th bipartite settlement dated 27th april 2010 on wage revision for workmen staff as applicable to state bank of india 4. 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. 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. Calculate expected salary increase in 11th bipartite settlement. Compare scales of pay of bank officers in wage settlements. Many readers have inquired about salary of a bank po after iba 10 bipartite settlement.
Vii cpc pay scale of 56100, which is based on da 1. About 6 lacs workmen employees covered by this 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. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. Discussions on medical insurance scheme, wage increase etc. Process of next wage revision in public sector banks. 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. Basic pay chart and pay scales of bank officer with annual increment in pay scales. 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. Category of 5th bipartite the ceiling of pension be raised to rs. For starters, iba and ufbu have now agreed upon a 17. The 11th bipartite settlement is due from november 1, 2017.
The salient features with regard to pay slip component were also highlighted in that circular. 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. Pay scales minimum basic salary of bank officers in 11th bipartite settlement is proposed at rs. The clerical and subordinate staff including permanent parttime employees on scale wages on reaching the maximum in their respective scales of pay, shall. Officers service regulations joint note 10th bipartite. The settlement dated 10th april, 1989 was for a period of five years with effect from 1st november, 1987. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. 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. In the 10th bipartite settlement of wage revision between psu banks employee unions and bank management, indian banks association iba had settled at 15 per cent pay hike. Association, national confederation of bank employees and indian national. Wage revision for bank officers and workmen may be done separately. Salary of bank employees after 11th bipartite settlement. Differences within the ubfu the umbrella body with nine unions.
Next wage revision in public sector banks government of india ministry of finance department of financial services jeevan deep building, 3rd floor, 10, parliament street, new delhi110 001 d. 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. Management of banks which are parties to the bipartite settlement and. Hold massive demonstrations all over the country on 8th9th may. Basis for demands the process of wage revision must. The chart is very subjective and pretty optimistic. Bank clerk salary after 10th bipartite wage agreement. Wow i mean people are really optimistic with the wage settlement and everything. Associations on salary revision and other issues concerning service conditions for officers in.