Basic Pay Chart of Officers – (Settlement wise). S No. 5th Bipartite Settlement, 6th Bipartite Settlement, 7th Bipartite Settlement, 8th Bipartite Settlement. Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA. 6th Bipartite settlement, , , 28 months. The Fifth Bipartite Settlement dt. , , , , Settlement on Pension & Computerisation dt. The Sixth BPS dt .
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In respect of employees who had received their fourth stagnation increment on or after 1st November, but before 1st November,the fifth stagnation increment shall be released on and from 1st November, Where quarters are provided, HRA shall not be payable, and the rent to be recovered shall be 2.
History of Bipartite Settlement implementation ~ Latest Bank Update
It is desirable that these imbalances in deployment of staff are corrected. The parties thereafter negotiated the aforesaid demands and issues on several occasions and have now reached an agreement as set out hereinunder in full satisfaction of their demands. In substitution of Clause 17 of the Bipartite Settlement dated 14th February,with effect from 1st November,the reimbursement of hospitalisation expenses shall be as agreed hereunder: Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff.
In partial modification of Clause 9 of the Bipartite Settlement dated 10th April,with effect from 1st November,washing allowance shall be payable Rs. In supersession of Clause 15 of the Bipartite Settlement dated 14th February,the rate of Provident Fund shall be revised as under: It is clarified that there shall be no ceiling on Dearness Allowance.
In substitution of Clause 16 of the Bipartite Settlement dated 14th February,with effect from 1st November,the reimbursement of setltement expenses under medical aid scheme shall be restricted to an amount of: The above provision will apply for crediting privilege leave from the Calendar Year Provided that fraction of a day of earned leave, if any, shall be taken as a full day. In partial modification of Clause 9 of the Bipartite Settlement dated 14th February, and Clause 2 of the Bipartite Settlement bpartite 14th December, the nomenclature of “Conveyance Allowance” shall be termed as “Transport Allowance” and the same shall be paid Rs.
Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th-10th Settlement
Voluntary Cessation of Employment. The parties initially agreed after prolonged negotiations that the total quantum of wage increase arising out of a Settlement to be signed in this regard shall be Mumbai, Calcutta, Chennai, Delhi – Rs.
At the lower CCA Centres i. November and December, Places with population of more than 12 lakhs.
Foboisu-federation of Bank of India Staff Unions
The Settlement dated 14th December was co-terminus with the Settlement dated 14th February, Clerical Staff a 0. Clause 17 of the Fifth Bipartite Settlement dated 10th April,shall stand deleted. In supersession of Clause 1 of Bipartite Settlement dated 16th July, with effect from 1st April,cycle allowance shall be payable to members of the subordinate staff who are required to use a cycle on regular assignment for outdoor duties at the following rates: At places situated at a height of metres and above.
In supersession of Clause 4 of Bipartite Settlement dated 14th February, and Clause 1 of Bipartite Settlement dated 14th Decemberwith effect from 1st November, the scales of pay shall be as under: Clerical Staff 3 3 4 3 4 There shall however be no payment of any arrears of pay and allowances on account of such preponement. Given settlemenr environment of competition in the banking industry gaining momentum day by day, it is imperative that the banks are well equipped with state of art technology to enhance customer satisfaction which in turn enhances efficiency and productivity.
Scales of Pay, Dearness Allowance and consolidated wages to part time employees working for less than 6 hours per week. The IBA also raised with the Unions, during negotiations, issues on behalf of the managements of the banks concerned, to biparyite discussed and settled with a view to improving productivity, efficiency, customer service, discipline and maintaining harmonious industrial relations.
Provided further that an employee who has on or after 1. In partial modification of Clause 15 a of the Bipartite Settlement dated 10th April, and Clause 13 of the Bipartite Settlement dated 14th February,the Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November, The overtime allowance paid to the employees for the overtime work performed uptil 31st March shall not be recalculated on account of this Settlement.
At places situated at a height of and over metres but below metres.
At places situated at a height of over metres but less than metres and Mercara Town. In partial modification of Clause 4 of the Bipartite Settlement dated 28th November, with effect from 1st April,split duty allowance shall be payable as under: The earlier provisions relating to maternity leave as in Clause It is agreed that for the purpose of this Settlement Pension be costed at For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i.
In substitution of Clause 7 of the Bipartite Settlement dated 14th February,with effect from 1st November, the City Compensatory Allowance shall be payable as per the following rates: In modification of Clause 14 of the Bipartite Settlement dated 14th February,with effect from the date of this Settlement, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters: In supersession of Clause 10 of the Bipartite Settlement dated 14th February,with effect from 1st April, Places with population below 2 lakhs.