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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Mumbai, Calcutta, Chennai, Delhi – Rs.
Foboisu-federation of Bank of India Staff Unions
All other existing provisions shall remain unchanged. It is clarified that there shall be no ceiling on Dearness Allowance. Clerical Staff 3 3 4 3 4 Halting Allowance and all other items agreed to but not Date of covered by the above Clauses.
In supersession of Clause 15 of the Bipartite Settlement dated 14th February,the rate of Provident Fund shall be revised as under: In partial modification of Clause 9 of the Bipartite Settlement dated 10th April,with effect from 1st November,washing allowance shall be payable Rs.
Scales of Pay, Dearness Allowance and consolidated wages to part time employees working for less than 6 hours per week. Bank level agreements, if any, as of now may require appropriate amendments which shall be mutually settled.
FEDERATION OF BANK OF INDIA STAFF UNIONS
For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i. Payment of Overtime Allowance.
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. At places situated at a height of over metres but less than metres and Mercara Town. At Non – C. 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: Biartite respect of employees who had received their fourth stagnation increment on or after 1st November, but before 1st November,the fifth stagnation increment shall be released on and from 1st November, 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: Such leave not exceeding a day if availed on grounds of sickness, shall be 6tj without production of medical certificate.
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 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.
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” settelment be termed as “Transport Allowance” and the same shall be paid Rs. In supersession of Clause 10 of the Bipartite Settlement dated 14th February,with effect from 1st April, Sdttlement provision for State Bank of India.
In supersession of Clause 5 of Bipartite Settlement dated 28th November, with effect from the settlejent of this Settlement compensation on transfer shall be as under: Where quarters are provided, HRA shall not be payable, and the rent to be recovered shall be 2.
History of Bipartite Settlement implementation ~ Latest Bank Update
November and December, The agreement reached as aforesaid shall amend, modify and supersede the relevant provisions of the Awards and the Settlements wherever referred to in this Settlement. The earlier provisions relating to maternity leave as in Clause The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier. In respect of Bank of Baroda, the provisions of the Awards as further modified by the Settlements dated 23rd December,19th December,1st August,31st October,21st April,8th September,17th September,5th January,10th April,29th June,16th July,29th October,14th February,14th December, and 28th November, shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
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. 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. Places with population of more than 12 lakhs.
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 6tb In respect of Indian Overseas Bank the provisions of the Awards as further modified by the Settlements dated 14th December,17th December,29th July,23rd March,1st August,31st October,21st April,8th September,17th September,5th January,10th April,29th June,16th July,29th October,14th February,14th December, and 28th November, shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged.
settlemejt In supersession of Clause 1 of Bipartite Settlement dated 16th July, with effect from 1st April,cycle allowance shall be payable to settoement of the subordinate staff who are required to use a cycle on regular assignment for outdoor duties at the following rates: It is agreed that for the purpose of this Settlement Pension be costed at 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.
Paradip Port Town Allowance. Provided that fraction of a day of earned leave, if any, shall be taken as a full day. Hill and Fuel Allowance.
Places with population below 2 lakhs. Places with population of 2 lakhs and over [other than places in i above] and State Capitals and Capitals of Union Territories.
Reimbursement of Expenses on Road Travel. The Settlement dated 14th December was co-terminus with the Settlement dated 14th February,