12th Bipartite Settlement News 2024

12th Bipartite Settlement News 2024: The 12th Bipartite News is an important event for the banking sector in India. It is a collective agreement between the Indian Banks’ Association (IBA) and the United Forum of Bank Unions (UFBU). This agreement is a major milestone in the banking sector as it sets the terms and conditions of employment for bank employees. The 12th Bipartite News will have a major impact on the banking sector, both in terms of employee welfare and overall performance.

Benefits of 12th BPS to Bank Employees

The 12th Bipartite News is a great boon to bank employees. It provides them with improved working conditions, better wages, and better job security. The agreement also provides for a number of other benefits such as medical insurance, housing loan, and pension schemes. These benefits will help employees lead a more comfortable life and will also help them save for their future.

The agreement also provides for a number of other benefits such as medical insurance, housing loan, and pension schemes. These benefits will help employees lead a more comfortable life and will also help them save for their future. Additionally, the agreement also provides for a number of other benefits such as medical insurance, housing loan, and pension schemes. These benefits will help employees lead a more comfortable life and will also help them save for their future.

12th BPS Settlement Effective From Nov 2022

The 12 BPS Settlement is focused on revision of salary and service conditions for bank employees and pensioners is expected to effect from 1st November 2022.

The new settlement will bring about a range of changes to working conditions, including additional benefits for staff, raises in 2021-22 for people on the lowest paybands and improved pension provisions. The agreement also dictates that workloads should be managed at an acceptable level and further efforts will be made to create healthier working environments. All of these elements are subject to regular reviews throughout the term of the deal.

In addition, it is hoped that this agreement will promote increased loyalty amongst employees and serve as a platform for better cooperation between bank management and staff. This extra commitment could potentially lead to more innovative strategies being developed in order to benefit both parties over time.

Charter of Demands for 12 Bipartite Settlement Demands

1. Basic Pay
2. Special Pay, PQP, EQP, FPP, Officiating Pay
3. Dearness Allowance
4. House Rent Allowance
5. Transport Pay
6. Other Allowances
7. Leave Rules
8. Medical Aid, Hospitalization
9. Leave Fare Concession
10. Other Service Conditions
11. Superannuation Benefits
12. Bonus/Ex-gratia
13. Compassionate Ground Appointments
14. Definition of Family and Dependents
15. Dependents Income Criteria
16. Loans & Advances
17. Outsourced, Contract, Temporary, Casual Employees
18. Voluntary Cessation from Service
19. Part-Time Employees
20. Retired Employees
21. Expenses while on Transfers
22. Other Suggestions
23. Physically Challenged, Differently abled Employees
24. Ex-servicemen Employees
25. Staff Welfare Scheme
26. Performance Linked Incentive (PLI)
27. Relativity
28. Regional Rural Bank, Gramin Bank
29. General

Click to view all demands on 12 Bipartite