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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FEDERATION OF BANK OF INDIA STAFF UNIONS
Settllement 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, 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 It is clarified that there shall be no ceiling on Dearness Allowance.
Payment of Overtime Allowance. 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: All other existing provisions relating to House Rent Allowance shall remain unchanged. In substitution bjpartite 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 to an amount of: Hill and Fuel Allowance.
At places situated at a height of over metres but less than metres and Mercara Town. Clerical Staff 3 3 4 3 4 There shall however be no payment of any 6tn of pay and allowances on account of such preponement. 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: 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.
6th BIPARTITE SETTLEMENT
Such leave not exceeding a day if availed on grounds of sickness, shall be allowed without production of medical certificate. 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 hereunder: At places situated at a height of and over metres but below metres.
Special compensatory provisions in respect of State Bank of India may be reviewed and settled at bank level. Provided further that an employee who has on or after 1. Reimbursement of Expenses on Road Travel. Clause 17 of the Fifth Bipartite Settlement dated 10th April,shall stand deleted.
Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th-10th Settlement
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.
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: In partial modification of Clause 4 of the Bipartite Settlement dated 28th November, with effect from 1st April,split duty allowance shall be payable as under: Halting Allowance and all other items agreed to but not Date of covered by the above Clauses.
The Settlement dated 14th December was co-terminus with the Settlement dated 14th February, In partial modification of Clause 9 of the Bipartite Settlement dated 10th April,with effect from 1st November,washing allowance shall be payable Rs.
All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged. Clerical Staff a 0. 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.
Mumbai, Calcutta, Chennai, Delhi – Rs. It is desirable that these imbalances in deployment of staff are corrected. Bank level agreements, if any, as of now may require appropriate amendments which shall be mutually settled.
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. Provided that fraction of a day of earned leave, if any, shall be taken as a full day. All other places – Rs. 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: Where quarters are provided, HRA shall not be payable, and the rent to be recovered shall be 2.
Voluntary Cessation of Employment. Dearness Allowance shall be 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. 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 segtlement, discipline and maintaining harmonious industrial relations.
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: Paradip Port Town Allowance.
The overtime allowance paid to the employees for the overtime work performed uptil stetlement March shall not be recalculated on account of this Settlement.
Split Duty Allowance, Cycle Allowance and Overtime Allowance It is clarified that while calculating the arrears for the period of the Settlement uptilif the net difference between the existing total emoluments and the revised total emoluments after Provident Fund deduction is negative, the same shall be ignored. All other existing provisions shall remain unchanged.
At places situated at a height of metres and above. For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i.
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: Scales of Pay, Dearness Allowance and consolidated wages to part time employees working for less than 6 hours per week. The earlier provisions relating to maternity leave as in Clause While IBA expressed its inability to consider the demand of the Unions, settement their insistence however, it agreed to forward the demand to the Government of India.
Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged. In supersession of Clause 15 of the Bipartite Settlement dated 14th February,the rate of Provident Fund shall be revised as under: It is agreed that for the purpose of this Settlement Pension be costed at Places with population of more than 12 lakhs.
In supersession of Clause 10 of the Bipartite Settlement dated setltement February,with effect from 1st April,