Glimpses of Signing Ceremony of 9th Bipartite ; Salary Revision and Pension Option It is a momentous and historical settlement signed by. AIBOC and other . Basic Pay Chart and Pay Scales of bank officer with annual increment in Pay Scales. 7th Bipartite Settlement, 8th Bipartite Settlement, 9th Bipartite Settlement. Salient Features of Bank employees 9th Bi-partitement Settlement of wage ( salary) (Pay) Revision.

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This notion is misconceived. Sabal India Marketing Pvt. Tuesday, April 6, Officers new pay. Will be revised based on new basic pay.

Being improved with revised schedule, etc. Bank employees have been given about average revision of basic pay to 1. It is painful that a bank officer is being paid less than a clerk of govt.

Prima facie this 9th Bipartite Settlement suffers from following legal infirmities, hence a nullity in the eyes of Law: Thus they are milking the Bi-partite settlement for Rs.

Now over a period of three decades the salary of a bank officer is reduced to almost half of the salary paid to Group A officers. From May, – For Clerks. When compared with the pay package of international banks, the Indian banks pay least to their employees.


Indian Banks 9th Bipartite Settlement

It was decided that after finalising the draft settlement, the signing of the same should be completed by 15 th April, Wage settlement – Officers – Settlfment – In Randhir Singh Vs.

9t subordinate staff Once in 2 years – km Once in 4 years – km For clerks Once in 2 years – km Once in 4 years – km. What is your openion on settlement? Shame on the govt. In the talks held between IBA and Unions understandings were reached on the various service conditions and the chart on distribution of the total increase of Rs.

Upto 15 th Stage: Union of India Chinnappa Reddy, J. Because of very low salary and hard working conditions, many candidates who apply for a bank job on coming to know about salary structure either do not nank in the test or not join after being selected or leave after joining.

Indian Banks 9th Bipartite Settlement

Unions are not specifically mandated by existing employees to negotiate salary and enter into a Bipartite settlement. The wage revision and pension option have been signed on 27th April with the IBA, by the Unions. Reimbursement in Road Travel: From May, – For subordinate staff. Prince S Bi;artite Local Business. Upto monthly income of Rs.


Compensation for losses due to breakage or damage to goods on transfer: It is being publicized that bank employees got a very good wage hike but the following facts speak adversely:. Hence a Bipartite Settlement for officers cannot attain overriding effect on Pillai Committee. The Eettlement will be effective from November to October For November, to April, Officers payscales – updation.

Bank Officers Association Public Figure. Article 14 of the Constitution enjoins the State not to deny any person equality before biparrtite law or the equal protection of the laws and Article 16 declares that there shall be equality of opportunity for all citizens in matters under the State.

Under the Settlement all the remaining 2,60, employees and officers who are now covered by CPF would be given a chance to join the Pension Scheme.

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