::::: MINISTRY OF FINANCE INITIATIVES 11TH BI-PARTITE PROCESS ::::: ::::: HAPPY PONGAL :::::

HAPPY PONGAL

Saturday, January 16, 2016

MINISTRY OF FINANCE INITIATES XI BANK BIPARTITIE PROCESS

Before settling down the dust of tenth bank bipartite, Ministry of Finance initiated next wage revision process. This is as per the recent Govt. policy of effecting wage revision from current date to avoid any financial burden of payment of arrears. Recently we noticed this approach for Central Govt. employees where pay commission had been constituted well in advance, for the first time in history.

Finance Ministry vide its Letter No.F No 4/2/2/2015,IR dated 12th January 2016 directed,CEOs of all Public Sector Banks to initiate the process of negotiation /Next wage revision of the employees and conclude it prior to the effective date 1.11.2017.


The last Wage revision process due w.e.f 1.11.2012(10th Bipartite Settlement /Joint Note was completed on 25th May 2015 .

Saturday, June 20, 2015

CONGRATS TO U ALL

We are happy to inform all our viewers that today our Bank Board has approved the implementation of 10 th bipartite settlement both for employees and officers. June month salary will be revised one and arrears will be before 2 nd week of July.. Congrats to You all...

GOI LETTER TO IBA


Monday, May 25, 2015

10th BIPARTITIE SETTLEMENT SIGNED

WE ARE HAPPY TO INFORM ALL OUR UNITS AND MEMBERS THAT THE MUCH AWAITED 10th BIPARTITIE SETTLEMENT HAS BEEN SIGNED THIS MORNING AT MUMBAI.

Wednesday, May 20, 2015

X BIPARTITIE OTHER DETAILS

Basic Pay :

23700 to 85000.


Dearness Allowance: 

@0.10% per slab - as on date DA - 33.70%



Special Allowances : 

Upto Scale III @ 7.75% + DA 
Scale IV & V @ 10% +DA and 
scale VI and VII @ 11% +DA.

House Rent Allowance :
 @ 7, 8 and 9%.



City Compensatory Allowance : 

Lower CCA  - 3% subject to maximum of Rs.600/-
Higher CCA - 4% subject to maximum of Rs.870/-



Medical aid :

Upto Scale III - Rs.8000 
Above Scale III - Rs.9050.

Stagnation Increment: 

One additional increment for Scale II, Scale -III & Scale - IV.


X BI-PARTITE CHART WITH GREETINGS



Saturday, May 16, 2015

ENCASHMENT OF LEAVE ON COMPULSORY RETIREMENT PERMITTED

Circular No. 2015/23                                                                                                Dated: 15/05/2015

To All Affiliates/State Units/Members

Dear Comrades,

ENCASHMENT OF LEAVE ON COMPULSORY RETIREMENT PERMITTED

Our members are aware that a long pending issue of permitting encashment of leave on compulsorily retirement was raised by us in one of the Sub-Committee meeting held with IBA, last month, during the course of Salary revision talks. We had already advised through SMS, the decision of IBA for agreeing to the same.


We are pleased to inform that IBA has now issued a Circular No. HR & IR/76/H7/E9/755 dated 11.05.2015 on the captioned matter. The scanned copy of which is attached, and is self- explanatory. This is yet another victory of our Confederation in resolving one of the long pending issues.

We also wish to advise our members that many rounds of consultations and discussions have taken place with IBA to decide structure of scales. Being a technical issue, it requires taking into consideration many processes to avoid future anomalies and complications in fitments etc. Likewise implementation of Saturdays off as agreed by IBA, has to pass through many processes. We are endeavoring our best to address the anxieties of our members by putting in all efforts to settle all issues so that the Salary Negotiation gets concluded within the time frame of 90 days. 

With comradely greetings,


 Yours comradely,
     
(HARVINDER SINGH)
GENERAL SECRETARY