UFBU said that we are happy to inform that in the meeting held on 22nd July 2020 between IBA and UFBU, broad understanding has been reached and MOU has been signed. On 22.07.2020 IBA Chairman informed UFBU that IBA is agreed to improve Family … [Read more...]
11th Bipartite Settlement Latest News | 15% salary Hike for Bank Employees
11th Bipartite Settlement Latest News - 15% salary Hike for Bank Employees The 11th Bipartite Settlement was a meeting between the Indian Banks' Association and the All India Bank Employees' Association in order to discuss and agree upon a new wage … [Read more...]
LFC for Bank Employees after 11th Bipartite Settlement
LFC 10th and 11th Bipartite Settlement As per 11th BI-Partite Settlement Dated on 11 November 2020, the new Leave Fare Concession (LFC) rules for Bank Subordinate and Non-subordinate Staff with effect from 1st November 2017. Leave Fare Concession in … [Read more...]
11 Bipartite Settlement – Complete Details of New Pay Scale, Increment, DA, HRA, TA and Special Allowance
11 Bipartite Settlement for Bank Employees and Officers Complete Details of New Pay Scale, Stagnation Increment, Dearness Allowance, House Rent Allowance, Transport Allowance and Special Allowance Pay scale Structure for Bank Employees after … [Read more...]
11 Bipartite Settlement – CC Meeting on 7th November 2020
As per the BEFI report, the negotiation has reached a final stage. BANK EMPLOYEES FEDERATION OF INDIA NARESH PAUL CENTRE 53 Radha Bazar Lane (1st Floor), Kolkata – 700 001 e-mail: pradipbefi@yahoo.co.in website: www.befi.in (Ph): … [Read more...]
11th Bipartite Settlement: 5 day week, Revision of pension in RBI pattern and Uniform DR
The point of dispute is with percentage of special allowance which is almost certain to increase from its existing 7.75%, 9% and 10%. This clearly exposes the design of IBA to deny merging special allowance with basic pay as “subjudice‟ matter. Now, … [Read more...]
11th BPS Settlement Meeting Tomorrow on 20 August 2020
11th Bipartite Wage Revision Talks Latest News - 11th BPS Settlement Meeting with IBA Tomorrow on 20 August 2020 As per the latest circular issued by the Indian Banks' Association (HR & Industraial Relations), meeting with working group for … [Read more...]
11th Bipartite Settlement News Latest 2020 – IBA Letter to UFBU
Formation of Working Groups consequent to the Signing of MoU dated 22nd July 2020 As per the IBA letter dated 13th August 2020, the total increase in basic pay and merged Dearness Allowance is capped a 2.50%, the remaining amount i.e., 12.50% (15% - … [Read more...]
11th Bipartite Settlement: Bank Employees Wage Revision effective from 1.11.2017
11th Bipartite Settlement Latest News 2020: Bank Employees Wage Revision effective from 1.11.2017 Salary Revision from 1.11.2017 The wage revision will be effective from 1.11.2017 for Bank employees. Annual Salary Hike The annual wage increase in … [Read more...]
Two Day Bank Strike Deferred – Bank Customers Relaxed!
Two Day Bank Strike Deferred - Bank Customers Relaxed! 48 Hrs. Bank Strike Deferred - All Bank Customers Relaxed! Check also: 5% DA from July 2019 – Not yet announced! Why? Text of the Joint Circular No. 05/2019 dated 23.09.2019 ALL INDIA BANK … [Read more...]