The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Joint note salary revision for officers conclusion of. Viibipartitesettlement7thbipartitesettlementbankemployees. Nayak bhavan, ii floor, 14, second line beach, chennai tamilnadu india 600001 phone. Banknewsviews bank wage revision news, eleventh bipartite.
All india bank officers confederation aiboc has issued a circular, clarifying the progress made in respect of 11th bipartite settlement, which is due to be implemented with effect from 01. Officers service regulations joint note 10th bipartite. The chart is very subjective and pretty optimistic. Salary of bank clerk after iba 10 bipartite settlement published on tuesday, may 26, 2015. Compare scales of pay of bank officers in wage settlements. Dear comrades, wage revision talks with iba ufbu circular. There are majority in banking systems who are agreeing on iba offer of 12. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers. What will be the basic pay for bank poso after 11th. Charter of demand submitted by bank officers union has demanded the salary as per the central government employees. Officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. Updates 10th bipartite settlement news with latest demands. This 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.
Mar 01, 2017 wow i mean people are really optimistic with the wage settlement and everything. Salary structure of bank employees is revised as per iba 10 bipartite settlement. The country is yet to develop in the matter of infrastructure, the facilities exclusively to. Association and their workmen as represented by the all india bank employees. Also read salary of bank clerk after iba 10 bipartite settlement details net amount basic pay 14,500. No decision was taken during the meeting on any issue. May 21, 2015 many readers have inquired about salary of a bank po after iba 10 bipartite settlement. The subcommittee for discussion of medical reimbursement met at 11. May 25, 2015 the settlement gives 15% increase in salary and allowances to about 10 lakh bank employees.
Management of banks which are parties to the bipartite settlement and. Indian banksassociation minutes of the discussions held on 23rd february 2015 between iba representing management of banks which are parties to the bipartite settlement and workmen unions and officers associations on wage revision. Updates 10th bipartite settlement news with latest demands in 10th bipartite settlement 0 2,150 views 10th bipartite settlement news updated as on 14012015. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Placement and postings for bank lady officers charter of. May 08, 2017 compare salary bank officers vs central government group a officers. Public sector bank employees salary bipartite settlement updates. Leader of bankers union met with the official of iba indian bankers association on 14012015. Section v leave rules foboisufederation of bank of india. Joint note25th may 20151 joint note salary revision for officers conclusion of discussions between the iba and the officers associations the negotiating committee of indian banks. Joint note dated 27042010 between iba and officers associations.
Pay scale of officers increased from rs 14,500rs 52,000 to rs 23,700rs 85,000. X bipartite bank employees wage revision settlement points between iba and bank unions. Jan 04, 2017 all india bank officers confederation aiboc has issued a circular, clarifying the progress made in respect of 11th bipartite settlement, which is due to be implemented with effect from 01. We are thankful to the entire bank employees and officers for their exemplary. National bank officers congress inboc and national organisation of bank. The wages and service conditions enjoyed by the bank employees today have been secured after bitter and protracted struggles. Expected salary for the bankers after the 10th bipartite wage settlement will based on following calculation. Compare salary bank officers vs central government group a. This charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement. Employees and officers from 43 banks including public sector banks, old private sector banks and some of the foreign banks benefit from the wage revision. A bipartite settlement was signed between iba and national. Association, national confederation of bank employees, bank employees. Federation of india, indian national bank employees.
Iba inked with employee unions and officers association posted by admin may 25, 2015 0 comments. 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. 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. Compare bank officers salary vs lic officers 11th bipartite. Workmen unions and officers associations on wage revision. In respect of 43 banks listed in schedule 1 to this memorandum of settlement, except the state bank of india, indian overseas bank and bank of baroda, the provisions of the. May 15, 2017 11th bipartite settlement is due from 1st november 2017. 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 dated 25th april, 1980 and as such signed the settlement dated 28th november, 1997 as one of the unions. Memorandum of settlement dated 14th february, 1995 between the managements of 56 a class banks as represented by the indian banks association and their workmen as represented by the all india bank employeesassociation, national confederation of bank employees, bank employees federation of india and indian national bank employees. May 08, 2017 11th bipartite, salary calculator, 11th bipartite salary latest news comparison in salary structure of lic and bank officers in previous few settlements. Aug 02, 2017 11th bipartite settlement in banks part 3 chance, luck, errors in nature, fate, destruction as a finale by chris zabriskie is licensed under a creative commo. B a bipartite settlement was signed between iba and national organisation of bank workers nobw on 9 th august 2002 whereby nobw agreed not to seek reopening of industry level settlement dated 27 th march, 2000 and 10 th april 2002 and as such signed the settlement dated 9 th august 2002 on disciplinary action procedure for workmen. Hence we demanded that there should be adequate and.
Our service conditions are governed by composition of the sastry award 1953, the lat decisions 1954, the industrial disputes banking companies decision act 1955, the industrial dispute banking companies decision amendment act 1957, the government of india. X bipartite bank employees wage revision settlement. Bipartite talks took place between iba and ufbu circular all india bank employees association circular no. In this connection, we enclose following documents.
Salary of bank clerk after iba 10 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 employees, bank employees feder. Settlement will have to be extended by member banks to all employees irrespective of their union affiliation. Compare salary bank officers vs central government group a officers editor. Employees and bank employees for each bipartite settlement. Bank employees get 15 percent salary increase in their settlement indian banksassociation minutes of the discussions held on 23rd february 2015 between iba representing management of banks which are parties to the bipartite settlement.
Memorandum of settlement dated 2nd june 2005 between the managements of 50 banks as represented by the indian banks. 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. 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. Wow i mean people are really optimistic with the wage settlement and everything. Hence there is a need for revising the wages and other service conditions with a freshsettlement.
The executive committee of the central board has since accorded approval for implementation of the provisions of the 9th bipartite settlement as applicable to our bank 3. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. Hospitalisation scheme laid down under bipartite settlement dated 27 th. Section v leave rules foboisufederation of bank of. Officers wage revision new pay scales 10th bpsbank. Placement and postings for bank lady officers charter of demands 11th bipartite. One of the major concerns of the lady officers has been their placements and postings in the banks. Another round of bipartite talks took place between iba and ufbu today at mumbai on our demands for wage revision. For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. X bipartite bank employees wage revision settlement points.
Process of next wage revision in public sector banks. Compare bank officers salary vs lic officers editor. Iba inked with employee unions and officers association. Salary of bank po after iba 10 bipartite settlement. Memorandum of 10th bipartite settlement between the bank unions and indian banks association on 25th may 2015 memorandum of settlement dated 25 th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as. Gratuity under the 10th bp settlement signed news uco. Comparison of salary between the central government employees and bank employees for each bipartite settlement. Federation of india befl on 23rd june, 1994, whereby befi. Compare salary bank officers vs central government group. Basis for demands the process of wage revision must. Apr 26, 2017 bank employees get 15 percent salary increase in their settlement indian banksassociation minutes of the discussions held on 23rd february 2015 between iba representing management of banks which are parties to the bipartite settlement. Ix bipartite settlement regarding salary, allowances and other terms and conditions of service of workmen employees has been signed on 27.
Bank employees pension regulations, 1995 dated 29 th. Government and iba has agreed on the 10th bipartite wage. This charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement for bank employees. Many readers have inquired about salary of a bank po after iba 10 bipartite settlement.