CIRCULAR NO:92 dt. 9th JUNE, 2010

We reproduce herewith CIRCULAR NO:92 dt. 9th JUNE, 2010 issued by AIBOC for our readers

CIRCULAR NO:92 dt. 9th JUNE, 2010

TO ALL AFFILIATES/MEMBERS:

GRANT OF STAGNATION INCREMENTS

A different practice is followed at bank level in the matter of grant of stagnation increment(s) to officers’. We have to-day sent a letter to the IBA (copy enclosed) for bringing uniformity in the matter, for your information.

2. We shall keep you advised of the developments.

With greetings,

(G.D.NADAF)
GENERAL SECRETARY


No./1452/185/10 dt. 09.06.2010

To,
The Chairman,
The Indian Banks’ Association,
World Trade Centre Complex,
Centre 1, 6th Floor, Cuffe Parade,

MUMBAI – 400 005.

Dear Sir,
SANCTION OF STAGNATION INCREMENTS

The extant instructions on grant of stagnation increment(s) are:

Stagnation increment(s) cannot be granted to those who are reverted to previous grade/scale.
Similarly, stagnation increment(s) cannot be granted to those who refuse to accept promotion to next scale/grade, after selection.

2. We are receiving number of representations from our affiliates that, officers who remain absent in the process of selection for promotion are also denied stagnation increments, which is against the extant instructions. In case of workmen employee, who is eligible for promotion on the basis of eligibility criteria fixed by the Bank but who does not apply for such promotion would be entitled for stagnation increments. Further, where an employee who has been called for written test and/or interview will also be entitled for stagnation increments. However, where an offer is made by the Bank for promotion and the employee refused such promotion, he would not be entitled to such increments after such refusal.

3. We, therefore request you to issue necessary clarifications on grant of stagnation increments, that only in case of those who refuse to accept the promotion after selection or seek reversion on promotion be denied of stagnation increment but not merely for not participating in the process for promotion.

4. Please treat the matter as urgent.

With greetings,

Yours faithfully,

(G.D.NADAF)
GENERAL SECRETARY