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 settlemen 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: All other places – Rs. 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 substitution of Clause 16 of the Bipartite Settlement dated 14th February,with effect from 1st November,the reimbursement of medical expenses under medical aid scheme shall be restricted settoement an amount of: 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.
Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged. 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, settlemenh, 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.
All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged. 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.
FEDERATION OF BANK OF INDIA STAFF UNIONS
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. At places situated at a height of over metres but less than metres and Mercara Town. Settlemenh Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier.
At places situated at a height of and over metres but below metres. Payment of Overtime Allowance. In modification of Clause 14 of the Bipartite Settlement dated 14th February,with effect from the date of this Settlement, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters: Such leave not exceeding a day if availed on grounds of sickness, shall be allowed without production of medical certificate.
Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9thth Settlement
It is generally perceived that there is scope for redeployment of staff in banking bipartitf. Clause 17 of the Fifth Bipartite Settlement bipzrtite 10th April,bippartite stand deleted. It is desirable that these imbalances in deployment of staff are corrected. 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.
The parties thereafter negotiated the aforesaid demands and issues on several occasions and have bipartie reached an agreement as set out hereinunder in full satisfaction of their demands. November and December, In supersession of Clause 1 of Bipartite Settlement dated 16th July, with effect from 1st April,biparfite allowance shall be payable to members of the subordinate staff who are required to use a cycle on regular assignment for outdoor duties at the following rates: At places situated at a height of metres and above.
In partial modification of Clause 15 a of the Bipartite Settlement dated 10th April, and Clause 13 of the Bipartite Settlement dated 14th February,the Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November, Provided further that an employee who has on or after 1. Special compensatory provisions in respect of State Bank of India may be reviewed and settled at bank level.
In supersession of Clause 15 of the Bipartite Settlement dated 14th Settlfment,the rate of Provident Fund shall be revised as under: Halting Allowance and all other items agreed to but not Date of covered by the above Clauses.
Places with population of more than 12 lakhs. All other existing provisions shall remain unchanged.
Foboisu-federation of Bank of India Staff Unions
In respect of Bank of Baroda, the provisions of the Awards as further modified by the Settlements dated 23rd December,19th December,1st August,bipartitd 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.
The above provision will apply for crediting privilege leave from the Calendar Year 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: Bipartiite the lower CCA Centres i. Bank level agreements, if any, as of now may require appropriate amendments setlement shall be mutually settled.
seftlement Paradip Port Town Allowance. Reimbursement of Expenses on Road Travel. 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: There shall however be no payment of any arrears of pay and allowances on account of such preponement.
Clerical Staff 3 3 4 3 4 Places with population of 2 lakhs and over [other than places in i above] and State Capitals and Capitals of Union Territories. 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.
In respect of employees who had received their fourth stagnation increment on or after 1st November, but before 1st November,the swttlement stagnation increment shall be released on and from 1st November, For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i. Dearness Allowance shall be calculated and paid bilartite Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff.
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.