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 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: At the lower CCA Centres i. All other existing provisions relating to House Rent Allowance shall remain unchanged. In substitution of Clause 6 of Bipartite Settlement dated 14th February with effect from 1st November, the dearness allowance shall be payable as per the following rates: In supersession of Bipartitte 15 of the Bipartite Settlement dated 14th February,the rate of Provident Fund shall be revised as under: Clerical Staff 3 3 4 3 4 Voluntary Cessation of Employment.
In substitution of Clause 8 of the Bipartite Settlement dated 14th February,with effect from 1st November, the house rent 6tth payable shall be as under: 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.
6th BIPARTITE SETTLEMENT
Dearness Allowance shall be calculated and paid on Basic Pay, Settlemenh Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff. All other existing provisions shall remain unchanged.
There shall however be no payment of any arrears bipartihe pay and allowances on account of such preponement. It is clarified that there shall be no ceiling on Dearness Allowance.
The clerical and the subordinate staff on reaching the maximum in their respective scales of pay shall draw FIVE stagnation increments at the rate of Rs.
Mumbai, Calcutta, Chennai, Delhi sett,ement Rs. The IBA also raised with the Unions, during negotiations, issues on behalf of the managements of the banks concerned, to be discussed and settled with a view to improving productivity, efficiency, customer service, discipline and maintaining harmonious industrial relations. Hill and Fuel Allowance.
November and December, Scales of Pay, Dearness Allowance and consolidated wages to part time employees working for less than 6 hours per week. 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: The above provision will apply for crediting privilege leave from the Calendar Year 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: In partial modification of Clause 9 of the Bipartite Settlement dated 14th February, and Clause 2 of the Bipartite Settlement dated 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
It is desirable that these imbalances in deployment of staff are corrected. Places with population of more than 12 lakhs.
In supersession of Clause 10 of the Bipartite Settlement dated 14th February,with effect from 1st April, It is generally perceived that there is scope for redeployment of staff in banking industry. Provided further that an employee who has on or after 1.
Places with population below 2 lakhs. At Non – C. All other places – Rs.
FEDERATION OF BANK OF INDIA STAFF UNIONS
Clause 17 of the Fifth Bipartite Settlement dated 10th April,shall stand deleted. For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i. The earlier provisions relating to maternity leave as in Clause Given the 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.
In supersession of Clause 5 of Bipartite Settlement dated 28th November, with effect from the date of this Settlement compensation on transfer shall be as under: In partial modification of Para IX 3 of Bipartite Settlement dated 17th September,the following provisions shall apply with effect from the date of this Settlement.
While IBA expressed its inability to consider the demand of the Unions, on their insistence however, it agreed to forward the demand to the Government of India. It is agreed that for the purpose of this Settlement Pension be costed at In partial modification of Clause 5 a of Bipartite Settlement dated 14th February,both clerical and subordinate staff shall be eligible for five stagnation increments with effect from 1st November, at the rates and frequencies as stated hereunder: