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