Ufbu circular on wage revision talks 11th bipartite. Memorandum of settlement dated 10th april, 2002 between the management of 52a class banks as. May, 2016 salary of sbi clerk after 10th bipartite settlement state bank of india sbi is the premiere public sector bank of india with over 0 branches spread over the nation and over 190 foreign. Implementation of new medical insurance scheme for bank. Ufbu circular on wage revision talks 11th bipartite settlement. Latest news on 11th bipartite settlement aiboc writes. Ufbu rejects ibas initial offer of 2% hike in wage bill. The settlement would cost the banks an additional increase in wages by rs. Including private banks and foreign banks who are parties to the settlement, around 4,80,000 as on 11 12012. The settlement covers 46 banks 26 public sector banks, 12 private sector banks and 8 foreign banks and would benefit 4,77,000 workmen employees and 2,75,000 officers.
Aibea has submitted charter of demands for 10th bipartite settlement on revision of wages and service conditions to indian banks association. Gratuity under the 10th bp settlement signed news uco. The new gross salary with remaining dearness allowance at different scale of bank officers may be downloaded here below. The basic principle of our wage revision should be based on the constitution of india which begins as. As we know that medical insurance scheme for bank employees has been approved in 10th bipartite settlement, aibea released a circular regarding this issue to. Scales of pay in supersession of clause 4 of bipartite settlement dated 27th march, 2000, with effect from 1st november, 2002 the scales of pay shall be as under. Onward march to 10 th bipartite settlement all of you are aware that 9th bipartite settlement ended on 30th october, 2012 and all bank employees are eligible for wage revision w. We informed the iba that in the 10th bipartite settlement, there was increase of 15% hike in wage bill and hence this offer of. Demands for 11th bipartite settlement aibea govtstaffnews. Banking department of financial services ministry of. The latest meeting of the core group was held on 6th september 2017.
May 25, 2015 10th bipartite settlement for bank officers 7th joint note for revision of pay and allowances of bank officers may 25, 2015 by click the link below to view the file. Indian banks association inked wage settlement with employee unions and officers associations today, 25th may, 2015. Dear comrades, salient features of 10th bipartite settlement 1. Posts of general managersdeputy general managersasstt. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Government and iba has agreed on the 10th bipartite wage settlement. For retirees also we have asked iba to workout a similar scheme. Our charter of demands for revision of wages and service conditions under 10 th 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. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. The subcommittee for discussion of medical reimbursement met at 11. May 03, 2020 10th bipartite settlement pdf ufbu rejects ibas initial offer of 2% hike in wage bill 10th bipartite settlement, there was increase of 15% hike in wage bill. Meeting of the subcommittee on salary revision very lengthy circular click here aiboc clr201504 dt 15 01 2015. These meetings are held between the indian banks association and the union of bank employees.
When will be the next pay revision for rbi officers. In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task. As of now, the tot al workman covered by these banks is around 6,50,000. Every one has started anticipating the approximate dearness allowance or basic pay after the 11th bipartite settlement. Annual increase on account of revised payslip components would. Discontinuation of the practice of redesignating senior most gm as cgm in banks. 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. Latest news on 10th bipartite settlement 25 may 2015 aibea.
The 11th bipartite charter of demands submitted by aiboc, aiboa, inboc and nobo to indian bank association. Salary of sbi clerk after 10th bipartite settlement. We have already informed all our units and members about the. Discussions on medical insurance scheme, wage increase etc. Wage revision of bank employees is due from november 2012 and bank employees unions and officers association submitted their charter of demand for 10th bipartite to iba indian banks association on 30. Wage revision will be effective retrospectively from 11 12012.
Settlement will have to be extended by member banks to all employees irrespective of their union affiliation. We congratulate all our units and members for this achievement. Dear comrades, charter of demands for 11th bp settlement submitted to iba our units and members are aware that the period of our current 10th bipartite settlement. Latest news on 10th bipartite settlement 25 may 2015. Implementation of new medical insurance scheme for bank employees under 10th bipartite settlement. Clerical staff 4410 215 5055 335 6060 470 7940 500 3 3 4 3 9440 560 11680 970 12650 560 210.
Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. The wages and service conditions enjoyed by the bank employees today have been secured after bitter and protracted struggles. The salient features with regard to pay slip component were also highlighted in that circular. Bank employees wage revision 10th bipartite wage settlement bank employees wage revision feedback of meeting with iba on 17. 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. May 25, 2015 latest news on 10th bipartite settlement 25 may 2015 aibea. Latest news about 11th bipartite settlement, latest bank strikes 2018, how to pass jaiib, how to pass caiib, what books to follow for jaiib, caiib, jaiib and caiib materials, pattern of jaiib, caiib, all about banking news, all about jaiib and caiib, latest recruitments in banking, bankers news and tips, latest changes in banks, bank exam notifications, what are alternate channels, how much. All india consumer price index for industrial workers base. Demands for 11th bipartite settlement aibea broad summary of charter of demands for 11th bipartite settlement 40 points 1522017 circular no. From tribunalisation to bipartism a long glorious journey.
Apr 27, 2010 the settlement covers 46 banks 26 public sector banks, 12 private sector banks and 8 foreign banks and would benefit 4,77,000 workmen employees and 2,75,000 officers. Government and iba has agreed on the 10th bipartite wage. Wage revision bank employees 10th bipartite settlement. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. 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. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers. Text of 10th bipartite settlement 10th bipartite settlement. Scales of pay in modification of clause 4 of bipartite settlement dated 27th april 2010, with effect from 1st november 2012 the scales of pay shall be as.
Sep 14, 2014 calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Clause 32 of the x bipartite settlement provides the benefit of paternity leave w. Dear comrades, salient features of 9 th bipartite settlement. Bank employees 11th bipartite salary calculator 11th bipartite settlement for bank employees are fast approaching i. Salary of sbi clerk after 10th bipartite settlement state bank of india sbi is the premiere public sector bank of india with over 0 branches spread over the nation and over 190 foreign.
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