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 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: Mumbai, Calcutta, Chennai, Delhi – Rs.
Foboisu-federation of Bank of India Staff Unions
All other places – Rs. 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, bipartitd, 31st October,settlfment 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.
Voluntary Cessation of Employment. 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 bipzrtite paid Rs.
Halting Allowance and all other items agreed to but not Date of covered by the above Setrlement. The parties initially agreed after prolonged negotiations that the total quantum of wage increase arising out of a Settlement to be signed in this regard shall be The clerical and the subordinate staff on reaching the maximum in their respective scales of bipartihe shall draw FIVE stagnation increments at the rate of Rs.
In respect of employees who had received their fourth stagnation increment on or after 1st November, but before 1st November,the hipartite stagnation increment shall be released on and from 1st November, At the lower CCA Centres i. Reimbursement of Expenses on Road Travel.
At places situated at a height of and over metres but below metres. 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: Where quarters are provided, HRA shall not be payable, and the rent to be recovered shall be 2.
It is generally perceived that there is scope for redeployment of staff in banking industry. Special compensatory provisions in respect of State Bank of India may be reviewed and settled at bank level. Dearness Allowance shall biparfite calculated and paid on 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.
Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th-10th Settlement
Places with population below biparttite lakhs. Given the environment of competition in the banking industry gaining momentum day by day, it is imperative that the banks are setglement equipped with state of art technology to enhance customer satisfaction which in turn enhances efficiency and productivity.
Provided that fraction of a day of earned leave, if any, shall be taken as a full day. Paradip Port Town Allowance. 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.
In supersession of Clause 1 of Bipartite Settlement dated 16th July, with effect from 1st April,cycle 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: Special provision for State Bank of India Special compensatory provisions in respect of State Bank of India may be reviewed and settled at bank level.
In substitution of Clause 8 of the Bipartite Settlement dated 14th February,with effect from 1st November, the house rent allowance payable shall be as under: At Non – C. 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 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 supersession of Clause 10 of the Bipartite Settlement dated 14th February,with effect from 1st April, In all other respects, the General Rules and Provisions contained in Chapter V of the Bipartite Settlement dated 19th October, as modified from time to time shall continue to apply. 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.
There shall however be no payment of any arrears of pay and allowances on account of such preponement. November and December, Hill and Fuel Allowance. The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier.
Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9thth Settlement
All other existing provisions relating to House Rent Allowance shall remain unchanged. In partial modification of Clause 4 of the Bipartite Settlement dated 28th Bipartlte, with effect from 1st April,split duty allowance shall be payable as under: Payment of Overtime Allowance.
The overtime allowance paid to the employees for the overtime work performed uptil 31st March shall not be recalculated on account of this Settlement.
Clause 17 of the Fifth Bipartite Settlement dated 10th April,shall stand deleted. All other existing provisions shall remain unchanged. Scales of Pay, Dearness Allowance and consolidated wages to part time employees working for less than 6 hours per week.
For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i. In supersession of Clause 5 of Bipartite Settlement dated 28th November, with effect from the date of this Settlement compensation on transfer settement be as under: It is agreed that for the purpose of this Settlement Pension be costed at 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 above provision will ssttlement for crediting privilege leave from the Calendar Year In supersession of Clause 15 of the Bipartite Settlement dated 14th February,the rate of Provident Fund shall be revised as under: At places situated at a height of over metres but less than metres and Mercara Town. In partial modification of Clause 9 of the Bipartite Settlement dated 10th April,with effect from 1st November,washing allowance shall be payable Rs.