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 Pension to uniform 30% for all without any ceiling On 22.07.2020 … Read more
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 structure for bank employees in India. This was the 11th time that such a … Read more
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 10th BPS LFC can be availed by Travel by train up to entitled distance, or By … Read more
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 11th Bipartite Settlement Clerical Staff 17900 1000 20900 1230 24590 1490 30550 1730 3 3 4 7 42660 3270 45930 1990 47920 … Read more
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): 033-22254414/22365108 (M)9433144271 Circular No.76/2020 8th November 2020 To all Units, Affiliates, Office Bearers, CC & GC Members Dear Comrade, CC … Read more
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, IBA did not find any problem in increasing the percentage pushing it further … Read more
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 Workmen will be held at 11.00 am on 20th August 2020. Shri C.H. Venkatachalam AIBEA Shri … Read more
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% – 2.5%) needs to be distributed amongst other remaining pay slip components. … Read more
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 salary and allowances is agreed at 15%. Distribution of annual wage increase between Workmen and Officers will be worked … Read more
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 OFFICERS’ CONFEDERATION (AIBOC) ALL INDIA BANK OFFICERS’ ASSOCIATION (AIBOA) INDIAN NATIONAL BANK … Read more