The Finance Ministry issued orders on holidays for 2nd and 4th Saturday for Public Sector Banks from 1 September 2015 Every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015 Ministry of Finance issued orders and necessary gazette notifications regarding declaring every 2nd and … Read more
DA for Bank Employees – IBA Circular issued on 3.8.2015 for Aug, Sep & Oct 2015 Indian Banks’ Association HR & Industrial Relations No.CIR/HR&IR/76/D/2015-16/1159 August 3, 2015 All Members of the Association (Designated Officers) Dear Sirs, Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2015 under … Read more
IBA Clarification on Paternity Leave, Encashment on LFC, Re-fixation of Pay and Special Allowance ALL INDIA BANK EMPLOYEES’ ASSOCIATION Singapore Plaza, 164, Linghi Chetty Street, Chennai – 600001 CIRCULAR No.27/120/2015/31 To ALL UNITS AND MEMBERS: 27th July, 2015 Dear Comrades, We reproduce hereunder the IBA’s Circular No.1120 dated 25-7-2015 providing clarification on the following issues referred to them. … Read more
Hike in House Rent Allowance for Bank Employees as per 2011 Census Bank Employees News : Based on the Census of 2011, the House Rent Allowance for Bank employees of a few cities are going to be hiked. AIBEA Circular Date : 6th July, 2015 Dear Comrades, HOUSE RENT ALLOWANCE AS PER 2011 CENSUS Recently Govt. … Read more
Finance Ministry approved 10th Bipartite Settlement Wage Revision for Bank employees for period 1.11.2012 to 31.10.2017 Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017 Government of India Ministry of Finance Department of Financial Services Jeevan Deep. IIIrd Floor, Parliament Street, New … Read more
Bank Employees Announce Strike on 24.6.2015 The Public Sector Bank Employees Union has proposed a one-day strike on the 24th of this month, demanding the fulfillment of their various demands. The All India Bank Employees Union has expressed its support for the strike. Since State Bank of India and all its other associate banks, including … Read more
10th Wage Agreement – IBA Circular Indian Banks’ Association 10th Wage Agreement Indian Banks Association inked wage settlement with Employee Unions and Officers’ Associations today, 25th May, 2015. The settlement gives 15% increase in salary and Allowances to about 10 lakh bank employees. Employees and officers from 43 banks including public sector banks, old private … Read more
Salary hike for Bank Employees, 30 month Pay Arrears – New Wage Revision agreement to be signed on the 25th A 15% salary hike, 30 months pay arrears and other such concessions are part of the new wage agreement(Joint Note / Bipartite Settlement) that the United Forum of Bank Unions and the Indian Banks’ Association … Read more
Financial Components of Wage Revision – AIBOA Circular ALL INDIA BANK OFFICERS’ ASSOCIATION Circular No.10/VI/2015 May 20,2015 Camp :Mumbai All Units / State Committees Dear Comrades, · Understanding reached on financial components of wage revision. · 7th Joint Note to be inked on 25th May 2015 at Mumbai Today, the penultimate round on the current wage … Read more
LATEST DEVELOPMENT ON WAGE REVISION Bank Employees Pay Scale as on May 2015 – Detailed Entry Level Salary for Clerk, Sub-staff, Officers Bank Xth Bipartite : Scales finalized. RBI cleared holiday for 2nd & 4th Saturdays Distribution Chart for 10th Bi-Partite Settlement Finalised: Pay Scales: Substaff- 9560 to 18545 + 8 Stagnation Increments (each after … Read more