The last phase of meeting with finance ministry and iba is being going on, we are hoping that within a week the outcome will be published. Mar 22, 2018 a united forum of bank unions ufbu delegation met finance minister arun jaitley and demanded that action be taken against those responsible for frauds, and appointment of officer and employee directors on the boards of public sector banks be done immediately. Memorandum of settlement dated 25th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as represented by the all india bank employees association, national confederation of bank employees, bank employees feder. Venkatachalam, chief labour commissioner c, new delhi in an industrial dispute between the managements of the banks as represented by the indian banks association, bombay and the. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. The 10 th bipartite settlement can be called a historic settlement because we could.
Signed at mumbai on 23 february 2015 for management t m bhasin v r lyer arundhati bhattacharya rajeev rishi for officers associations ons all india all india bank national or elation. The data mentioned in the answers above are not even mentioned by the unions and association in their demand. In the same series, we are today uploading two more files one pdf file giving the. Officers in jm grade scale i who have moved to scale of pay for mmg scale ii in terms of regulation 5b after reaching maximum of the higher scale shall be eligible for four stagnation increments for every three completed years of service of which first two shall be rs. Viibipartitesettlement7thbipartitesettlementbankemployees. Bank employees wage revision 10th bipartite how much increase. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Charter of demands for 11th bp settlement submitted to iba. Settlement on the industrial disputes between certain banking companies and their workmen memorandum of settlement arrived at on 19th october 1966 before shri o. To give effect to the salary revision of officers, as aforesaid, uco bank. So far, even though we have been submitting the charter of demands earlier, there has always been delay in concluding the settlement due to various hurdles. May 15, 2017 11th bipartite settlement is due from 1st november 2017. Every one has started anticipating the approximate dearness allowance or basic pay after the 11th bipartite settlement.
This charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement. Summary of charter of demand for 11th bipartite settlement. X bipartite bank employees wage revision settlement points between iba and bank unions on february 23, 2015 in 10th bipartite discussions, bank employees news, bipartite settlement, national union of bank employees. Wage revision in public sector banks takes place in every five years. This charter of demand will be the basis for discussions and negotiations for finalizing the. Wage revision for bank officers and workmen may be done. Apr 26, 2017 bank employees get 15 percent salary increase in their settlement indian banksassociation minutes of the discussions held on 23rd february 2015 between iba representing management of banks which are parties to the bipartite settlement. Iba insisting on 11th bipartite settlement up to scale iii. Basis for demands the process of wage revision must. Mar 01, 2017 wow i mean people are really optimistic with the wage settlement and everything. News has spread out, everybody now knows that 10 th bipartite is signed for 15%. Click the link below to view the file 10th bipartite settlement for bank officers 7th joint note for revision of pay and allowances of bank officers file reference number 7th joint note file date 25. But, ordinary rank and file employees are in no way involved in grant of. Gratuity in the banks is payable to employees and officers both under the gratuity act, 1972 as well as under the provisions of our bipartite settlement for employees and as per osr for officers whichever is higher.
In respect of 43 banks listed in schedule 1 to this memorandum of settlement, except the. It is a settlement under the industrial disputes act and hence legally binding on government and banks. Dear comrades, wage revision talks with iba ufbu circular. Earlier i have posted base date for merger of da with existing basic pay of bank employees in 10th bipartite settlement. Ix bipartite settlement regarding salary, allowances and other terms and conditions of service of workmen employees has been signed on 27. B a bipartite settlement was signed between iba and national organisation of bank workers nobw on 22nd october, 1997 whereby nobw agreed not to seek reopening of any of the industry level settlement signed subsequent to settlement dated 25th april, 1980 and as such signed the settlement dated 28th november, 1997 as one of the unions representing. May 09, 2017 work from home policy to bank employees charter of demands 11th bipartite the board of the largest bank, state bank of india recently approved the work from home policy to enable its employeesofficers to work while at home using mobile devices to address any urgent requirement they may have, which prevents their travelling to work. Bank wage revisionpreliminary meeting for 11th bipartite.
The principals and policies of the tripartite body have been a machinery of consultancy at the industrial and national levels. Another round of bipartite talks took place between iba and ufbu today at mumbai on our demands for wage revision. Banks are likely to remain closed on those days and even files for the payment of salary for the month of september 2019, which is due for 30thseptember 2019 may not get processed, resulting in delay of disbursal of salary to the central government employees. Joint note25th may 20151 joint note salary revision for officers conclusion of discussions between the iba and the officers associations the negotiating committee of indian banks. The indian banks association iba representing the managements. Memorandum of settlement dated 14th february, 1995 containing sixth bipartite settlement regarding wage revision and changes in other service conditions between managements of a class banks represented by indian banks association and their workmen represented by aibea, ncbe, befi and inbef aibea.
Now the million dollar question, what will be our remaining da. Units are aware that the current 10th bipartite settlement s period will end by october, 2017 and the wage revision under 11th bipartite settlement will become due from 1. Bank employees wage revision 10th bipartite how much. Indian bankers association iba insisting and putting pressure on banks union to submit the charter of demand only for employees upto scale iii. The parties will endeavour to finalise the bipartite settlement joint note within a period of ninety days from the date of this minutes. This charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11 th bipartite settlement for bank employees. One thing is crystal clear we are going to get only 2% for our basic. Bank strike from 26thseptember to 27thseptember 2019. The process of wage negotiation for public sector bank officers and workmen may be done separately again after oneandahalfdecade with the largest officers union boycotting the talks while the workmen unions are in favour of going ahead with it. This 11 th bps charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other.
Bank in terms of the 10th bipartite settlement dated 25. Memorandum of settlements foboisufederation of bank of. Memorandum of 10th bipartite settlement between the bank unions and indian banks association on 25th may 2015 memorandum of settlement dated 25 th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as. Bank employees 11th bipartite salary calculator 11th bipartite settlement for bank employees are fast approaching i. Joint note salary revision for officers conclusion of. Gratuity, if any, on the revised salary and allowances payable to them in terms of 9th bipartite settlement. The 11th bipartite settlement is due from november 1, 2017. Officers service regulations joint note 10th bipartite. This file has different scenarios of the likely revised pay scales at different levels of merger of da for officers. Bank employees federation of india, national organisation of bank. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers.
As of now, the tot al workman covered by these banks is around 6,50,000. About 6 lacs workmen employees covered by this settlement. Bank wage revisionpreliminary meeting for 11th bipartite settlement. Public sector bank employees salary bipartite settlement updates. This 11 th bps charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees. This charter of demand will be the basis for discussions and negotiations for. Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11th bipartite settlement. Our units and members are aware that the period of our current 10th bipartite settlement would come to an end by october, 2017 and a revised settlement 11th bipartite settlement has to be worked out to be effective from november, 2017. For every rise or fall of 4 points over 2288 points in the qud,terly average of the all. Memorandum of settlement dated 25th may 2015 between the managements of 43 banks as represented by the indian banks association and their workmen as represented by the all india bank employees association. C a bipartite settlement was signed between iba and bank employees federation of india befi on 24 th october, 2002 whereby befi agreed not to seek reopening of the industry level settlements dated 27 th march, 2000 and 10 th april, 2002 and as such signed the settlement dated 24 th october 2002 on disciplinary action and procedures. Gratuity under the 10th bp settlement signed news uco. Government and iba has agreed on the 10th bipartite wage.
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