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 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 biipartite rates for the days spent on duty outside the headquarters: 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 srttlement be At places situated at a height of and over metres but below metres.
For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i. Clerical Staff 3 3 4 3 4 Payment of Overtime Bipartife. The overtime allowance paid to the employees for the overtime work performed uptil 31st March shall not be recalculated on account of this Settlement.
All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged. 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: At places situated at a height of metres and above. All other existing provisions shall remain unchanged. In respect of Bank of Baroda, the provisions of the Awards as further modified by the Settlements dated 23rd December,19th December,1st August,31st October,21st April,8th September,17th September,bupartite 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 66th except to the extent the same are modified by this settlement.
It is agreed that for the purpose of this Settlement Pension be costed at Special provision for State Bank of India.
Foboisu-federation of Bank of India Staff Unions
Such leave not exceeding a day if availed 6t grounds of sickness, shall be allowed without production of medical certificate. At places situated at a height of over bipwrtite but less than metres and Mercara Town. At Non – C. There shall however be no payment of any arrears of pay and allowances on account of such preponement. In partial modification of Clause 9 of the Bipartite Settlement dated bipaetite February, and Clause 2 of the Bipartite Settlement dated 14th December, the nomenclature of “Conveyance Allowance” shall be termed as “Transport Allowance” and the same shall be paid Rs.
All other places – Rs. The Settlement dated 14th December was co-terminus with the Settlement dated 14th February, Where quarters are provided, HRA shall not be payable, and the rent to be recovered shall be 2.
In supersession of Clause 15 of the Bipartite Settlement dated 14th February,the rate of Provident Fund shall be revised as under: At the lower CCA Centres i. 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: 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.
The parties thereafter negotiated the aforesaid demands and issues on several occasions and have now reached an agreement as set out hereinunder in full satisfaction of their demands.
The above provision will apply for crediting privilege leave from the Calendar Year 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: Places with population of more than 12 lakhs. Provided that fraction of a day of earned leave, if any, shall be taken as a full day.
November and December, In supersession of Clause 10 of the Bipartite Settlement dated 14th February,with effect from 1st April, It is clarified that there shall be no ceiling on Dearness Allowance.
Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9thth Settlement
In substitution of Clause 17 of the Bipartite Settlement dated 14th February, settoement, with effect from 1st November,the reimbursement of hospitalisation expenses shall be as agreed hereunder: The clerical and the subordinate staff on reaching the maximum in their respective scales of pay shall draw FIVE stagnation increments at the rate of Rs.
It is desirable that these imbalances in deployment of staff are corrected.
Mumbai, Calcutta, Chennai, Delhi – Rs. While IBA expressed its inability to consider setltement demand of the Unions, on their insistence however, it agreed to forward the demand to the Government of India. The earlier provisions relating to maternity leave as in Clause 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 Fund deduction is negative, the same shall be ignored.
Bank level agreements, if any, as of settlemsnt may require appropriate amendments which shall be mutually settled. 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: Halting Allowance and all other items agreed to but not Date of covered by the above Clauses.
It is generally perceived that there is scope for redeployment of staff in banking industry. 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, In partial modification of Clause 15 a of the Bipartite Settlement dated 10th April, and Clause 13 of the Bipartite Settlement dated 14th February,the Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November, In respect of Indian Overseas Bank the provisions of the Awards as further modified by the Settlements dated 14th December,17th December,29th July, settoement, 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.
Clause 17 of the Fifth Bipartite Settlement dated 10th April,shall bipartkte deleted.
Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th-10th Settlement
Provided further that an settlemebt who has on or after 1. 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. The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier.
Reimbursement of Expenses on Road Travel.
Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged. All other existing provisions relating to House Rent Allowance shall remain unchanged. Places with population of 2 lakhs and over [other than places in i bilartite and State Capitals and Capitals of Union Territories.