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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In all other respects, the General Rules and Provisions contained in Chapter V of the Bipartite Settlement dated 19th October, as modified from time to time shall continue to apply. 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: Voluntary Cessation of Employment.
Places with population of more than 12 lakhs.
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 Biparrite deduction is negative, the same shall be ignored.
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: Paradip Port Town Allowance.
Foboisu-federation of Bank of India Staff Unions
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 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: It is desirable that these imbalances in deployment of staff are corrected.
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. Clerical Staff 3 3 4 3 4 It is generally perceived that there is scope for redeployment of staff in banking industry. Clause 17 of the Fifth Bipartite Settlement dated 10th April,shall stand deleted. All other existing provisions relating to House Rent Allowance shall remain unchanged.
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: Such leave not exceeding a day if availed on grounds of sickness, shall be allowed without production of medical certificate. The Settlement dated 14th December was co-terminus with the Settlement dated 14th February, 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: Special provision for State Bank of India.
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 service, discipline and maintaining harmonious industrial relations.
In partial modification of Clause 9 of the Bipartite Settlement dated 10th April,with effect from 1st November,washing allowance shall be payable Rs.
Places with population below 2 lakhs. 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 Payment of Overtime Allowance. In substitution of Clause 8 of the Bipartite Settlement dated 14th February,with effect from 1st November, the house rent allowance payable shall be as under: Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Biparyite, if any, payable under this settlement in respect of both clerical and subordinate staff.
At Non – C. For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i. At the lower CCA Centres i. At places situated at sttlement height of over metres but less than metres and Mercara Town. 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: Clerical Staff a 0.
At places situated at a height of and over metres but below metres. Given the environment of competition in the banking industry gaining momentum day by day, it is imperative that the banks are well equipped with state of art technology to enhance customer satisfaction which in turn enhances efficiency and productivity.
Bank level agreements, if any, as of now may require appropriate amendments which shall be mutually settled. There shall however be no payment of any arrears of pay and allowances on account of such preponement. Places with population of 2 lakhs and over [other than places in i above] and State Capitals and Capitals of Union Territories. The Unions put seftlement a demand for giving yet another opportunity to those employees who had biipartite opted for pension earlier.
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 metres and above. Halting Allowance and all other items agreed to but not Date of covered by the above Clauses. The overtime allowance paid to the employees for the overtime work performed uptil 31st March shall not be settleent on account of this Settlement.
Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th-10th Settlement
All other existing provisions shall remain unchanged. In supersession of Clause 5 of Bipartite Settlement dated 28th November, with effect from the date of this Settlement compensation on transfer shall be as under: Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged. In supersession bipartiye Clause 10 of the Bipartite Settlement dated 14th February,with effect from 1st April, All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.
Special compensatory provisions in respect of State Bank of India may be reviewed and settled at bank level. Mumbai, Calcutta, Chennai, Delhi – Rs.
The t6h and the subordinate staff on reaching the maximum in their respective scales of pay shall draw FIVE stagnation increments at the rate of Rs. In 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,