Places with 5 lakh and above : 1150 per month. Metro : Chennai, Kolkata , Mumbai & Delhi. Progress In Bipartite Settlement For Bank Staff Leaders of United Front of Bank Unions (UBFU) and that of Indian Banks Association (IBA ) had a meeting on 12 th of August 2013 on the issues raised by union leaders which includes wage hike too and which will take the shape of Xth Bipartite Settlement. It means 100 rupee basic pention becomes rs.163. The wage settlement of the bank employees are pending since 1st Nov 2017. Scale IV and V : 19 % of the Basic pay with applicable DA thereon. The 11th bipartite settlement was officially agreed by the banks association on July 22, 2020. Facebook; Twitter; Google+; Newer. It means that 478 slabs will be merged in basic. HRA & CCA. w.e.f 01.11.12, 11TH BPS Overview. 1) 11th Bipartite Settlement 5 Days Working Not Agreed : 5 day per week not agreed yet! If load is less then the conversion factor will come down accordingly. Leave encashment: Under the 11th Bipartite Agreement, bank employees will be allowed to encash maximum 5 paid leaves in a year during a festival of their own choice. 11th Bipartite Settlement Wage Calculator. Scale III: 63840 – 1990 x 5 – 73790 – 2220 x 2 – 78230 Earlier, employees were able to encash leaves only at the time of retirement. (6352-4440 = 1912 ÷ 4 = 478 slabs) i.e Circulars. 14500-  500 x 4 -16500- 615 x 5 – 19575- 740 x 4 – 22535 –  870 x 3 – 25145 – 1000 x 3 -28145. 11th Bipartite Settlement (Bank Wage Revision) is due on 1st November 2017. Arrears will be from the implementation of updation I.e.march 2019. IBA on behalf of government informed to settle the salary revision on time as per the scheduled date. Related updates: 11th Bipartite Settlement Salary Chart for Workmen and Officer . Dearness Allowance for Bank Employees; Dearness Relief for Pensioners; Holiday List. Fitment shall be stage-to-stage, i.e. Revised Salary after 11th Bipartite Settlement. The protracted 11th bipartite wage settlement negotiations between bank unions and the Indian Banks’ Association (IBA) concluded on Wednesday, with both sides agreeing to an annual wage increase and allowances of 15 per cent of the wage bill as on March 31, 2017. Arrears That U Get After 11th Bipartite Settlement. The internal feud between Workmen and Officers Unions have derailed the proposed settlement of 11th BPS and arrears payment to the bank employees as promised before 25th October. if, Govt approves, pensioners will be benefited in updation of pension. All the employees will get the number of days of pay as incentive depending on where in the matrix the bank's performance fits in broadly as per Matrix under : Distribution of annual wage increase between Workmen and Officers will be worked separately and proportionately based on breakup of establishment expenses as on 31.3.2017. Rs. 11th Bipartite Settlement Saturday Holiday. the 11th Bipartite Settlement on the 11th November, 2020. BANK EMPLOYEES FEDERATION OF INDIA NARESH PAUL CENTRE 53 Radha Bazar Lane (1st Floor), Kolkata – 700 001 (Ph): 033- 22254414/ 22365108 (M) 9433144271 Circular No.45/2020. The meeting was held on 04th Jan 2021 at Mumbai and chaired by IBA chairman. Discussions were held between the Indian Banks’ Association representing Managements of banks and the authorized representatives of Workmen Unions and Officers’ Associations on wage … State  of Capitals & Union Territories Rs. 14% of Pay & Dearness Allowance instead of the present rate of 10% from the prospective date of signing the settlement subject to approval of the Govt. If 10% load is approved over 47.8% d.a it comes to 162.58%. Earlier, employees were able to encash leaves only at the time of retirement. Bank Wage Revision 11th Bipartite Settlement. Arrears That U Get After 11th Bipartite Settlement : 11th Bipartite Settlement Vs 7th Pay Commission. Have a look at the situations under which the PLI will be calculated: Year-on-Year Growth of company is less than 5%, Year-on-Year Growth of company is between 5%-10%, Year-on-Year Growth of company is between 10%-15%, Year-on-Year Growth of company is above 15%. Though as like earlier meetings, no concrete solution comes out but IBA agreed on the settlement with 12% hike. 11th Bipartite Settlement New Pay Scales . 11th Bipartite Settlement Indian Bank Kumar. (100+47.8=147.8×10%=162.58)i.e 163. Watch out for next one soon ! (6352 - 4440 = 1912 ÷ 4 = 478 slabs) i.e The PLI matrix decides the amount payable to the employees (in number of days of pay­ Basic+DA) depending on the annual performance of the bank. 11th Bipartite Settlement Saturday Holiday, RBI Assistant Salary after 11th Bipartite Settlement Quora, 11th Bipartite Settlement of Award Staff Latest News in Hindi, 11th Bipartite Settlement Medical Insurance, 11th Bipartite Settlement AIBEA : Calculations, Arrears, Salary PDF. The parties will endeavor to finalize the Bipartite Settlement /Joint Note within a period of ninety days from the dateof this minutes. As per the statement released by Bank Employees Federation of India (BEFI) the 11th bipartite settlement effective from 1st November 2017,will be valid for next three years. A golden moment for especially younger generation employees. Other Allowances & Perks under 11th Bipartite Agreement. From the calendar year 2020,besides encashment ofPL atthe time ofretirement and during availment of LFC, PL Encashment would be permitted at 5 days every calendar year (7 days incase ofemployees/officers of 55 yearsof age and above) at the time ofany festival oftheir choice. The PLI is payable to all employees annuaJiy over and above the normal salary payable. I have taken 10% load for updation because in last updation 10% load was given to all pensioners irrespective of their date of retirement. Sunil Kumar, Chairman, AIBOC Debasis Ghosh, President, AIBOC Soumya Datta, General Secretary, AIBOC. 11th Bipartite Settlement For Bank Employees. Get all latest content delivered straight to your inbox. Clerk and Substaff: 16.40 % of the Basic pay with applicable DA thereon. E-Mail Subscription: Get Our Updates through EMail: Don't Forget to Activate Link Send to Your Mail . 11th Bipartite Wage settlement latest news.Updates about bankers wage revision and expected salary calculator.Public Sector Bank employees salary revision and bipartite settlement updates. Both sides agreed to the introduction of PLI in PSBs, which will be based on the operating profit/net profit of the individual bank. Leave encashment: Under the 11th Bipartite Agreement, bank employees will be allowed to encash maximum 5 paid leaves in a year during a festival of their own choice. 9) It has been agreed to increase the banks contribution to the NPS fund to 14%, i.e. As such, the news item is totally baseless and should not be given any cognizance. How to Calculate 11th Bipartite Settlement. Also Read - Check - Whether the Credited Arrears by Your Bank, Correct or Not ? Dearness Allowance. 11th BPS 9th BPS 8th BPS BPS 2015 BPS 2015 BKSM Contact Info. 11th Bipartite Settlement News Latest 2020. The parties will meet on mutually convenient dates to draw out a detailed Bipartite Settlement/Joint Note on the various issues on which consensus positions have been reached. 11th Bipartite settlement salary revision news for bankers.Public Sector Bank employees salary bipartite settlement updates. 59 Views 1 comment. Bipartite Settlement. 11th Bipartite Settlement Updates: Basic Pay & Other Allowances of Officers & Award Staff. 11th Bipartite Settlement Expected Salary Chart. The 11th Bipartite Agreement has introduced some other allowances and perks for the bank employees. It means that 478 slabs will be merged in basic. AREA I (Popln of > 12 lacs) : Agra, Bhopal, Coimbatore, Indore, Jaipur, Kanpur, Kochi, Lucknow, Ludhiana, Madurai, Nagpur, Patna, Pune, Surat, Vadodara, Varanasi etc. 11th Bipartite Settlement Calculation for Officers. Scale I : 36000 – 1490 x 7 – 46430 – 1740 x 2 – 44910 – 1990 x 7 – 63840, Scale II: 48170 – 1740 x 1 – 49910 – 1990 x 10 – 69810, Scale III: 63840 – 1990 x 5 – 73790 – 2220 x 2 – 78230, Scale IV : 76010 – 2220 x 4 – 84890 – 2500 x 2 – 89890, Scale V : 89890 – 2500 x 2 – 94890 – 2730 x 2 – 100350, scale I : 5 stagnation increments 1990 x 2, 2220 x 2, 2220 x 1, scale II : 5 stagnation increments  2220 x 5, scale III : 6 stagnation increments  2220 x 4, 2500 x 2, scale IV : 2 stagnation increments 2730 x 2, scale V : 1 stagnation increment 2970 x 1, 17,900 – 1000 x 3 – 20900 –  1230 x 3 – 24590 – 1490 x 4 – 30550 – 1730 x 7 – 42660 – 3270 x 1 -45930-  1990 x 1 – 47920. 11th Bipartite Settlement AIBEA: The annual wage increase in salary and allowances is agreed at 15% of the wage bill as on 31-3-2017 which works out to Rs.7,898 crores on Payslip components.. 11th Bipartite Settlement is due from 1st November 2017. Public sector banks have failed to submit their demands for the next bank employees wage … Uniformity in periodicity has also been agreed upon. Fitment in the new scales of pay shall be on a stage-to-stage basis. Arrears That U Get After 11th Bipartite Settlement : The date of effect is 01.11.2017 and merger point at consumer price index 6352 have already been decided. Clerk Salary After 11th Bipartite Settlement. Despite the initiative taken by Finance Ministry, there is no progress shown by Bank employee Bank employees unions and officers associations on issue of 11th Bipartite Settlement. In r.b.i. For the first time, the Performance-Linked Incentive (PLI) is being introduced in 11 public sector banks under the 11th bipartite agreement to encourage bank employees perform better in this competitive scenario. Tags # 11th Bipartite. Gross Salary after 11th Bipartite Settlement. E-Mail Subscription: Get Our Updates through EMail: Don't Forget to Activate Link Send to Your Mail. However, this is subject to the government approval. Item Clauses Pages No. A Minute has been signed on 22nd July 2020 between IBA representing Management of banks which are parties to the 11th Bipartite Settlement and Workmen Unions and Officers’ Associations on wage revision. However, employees who are above 55 years can encash up to 7 paid leaves. 5) Total increase in Pay @49.80 % agreed! LFC for … SBI to pay 11th BPS Salary Arrears by 31st Dec 2020 – The State Bank of India has decided to make arrears payment as per 11th BPS by end of this month.The payment will be made as Ad-hoc. This Settlement is the result of the abundant unity of our members, inspiring militancy of our cadres, unflinching loyalty to the 11th BPS Settlement Fitment Factor. Scale II: 48170 – 1740 x 1 – 49910 – 1990 x 10 – 69810. It has been agreed to increase the banks contribution to the NPS fund to 14%, i.e. Inorder to inculcate a sense of competition and also to reward the performance, the concept of Performance Linked Pay is felt to be introduced. Bipartite Settlement. Charter of demand for 11 th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. 25th July 2020. bank clerk salary after 11th bipartite settlement complete calculation There was meeting held between representative of various Bank unions with IBA (Indian Bankers Association) for settlement of 11th Bipartite wage revision. Home Salary Latest Salary of Bankers after 11th Bipartite Settlement Latest Salary of Bankers after 11th Bipartite Settlement Admin 10:00. bank clerk expected salary after 11th bipartite settlemen |11th bps salary calculation. on corresponding stages from 1st stage onwards and the increments shall fall on the anniversary date as usual. 11th Bipartite Settlement Next Meeting Date 2020, 11th Bipartite Wage Settlement Latest News, 11th Bipartite Settlement Vs 7th Pay Commission, Revised Salary after 11th Bipartite Settlement, 11th Bipartite Settlement Wage Calculator, How to Calculate 11th Bipartite Settlement, Gross Salary after 11th Bipartite Settlement. How to calculate Performance-Linked Incentive (PLI)? The Incentive will be based on the operating profit or net profit of individual bank. Have a look at how PLI will be calculated: For example, the Establishment expenses of XYZ bank  on March 31, 2019 is Rs 100 with 50 employees: Establishment Expense for 10 Days : 100/365 * 10 = 2.73, Increment for 50 employees: 2.73 / 50 =  0.0546, Gross Salary with PLI (Annual Increment): Rs 100 + (Rs 100 X 0.0546) - Rs 105.46 - (If Gross salary is Rs 100). Government had already written to Banks and IBA on 12.01.2016. 11th Bipartite Settlement Clerk Salary Calculator. 8) From the calendar year 2020, besides encashment of PL at the time of retirement and during availment of LFC, PL Encashment would be permitted at 5 days every calendar year (7 days in case of employees/officers of 55 years of age and above) at the time of any festival of their choice. If 10% load is approved over 47.8% d.a it comes to 162.58%. Latest Bank Bipartite settlement 11th Bipartite Banks Settlement Finally signed on 11/11/2020. In r.b.i. 11th Bipartite Wage Revision - the outcome of latest round of meeting between UFBU and IBA is concluded on 5th Dec 2019. All India Bank Officers’ Confederation (AIBOC) has issued a circular, clarifying the progress made in respect of 11th Bipartite Settlement, which is due to be implemented with effect from 01.11.2017 See: 11th bipartite settlement latest news. Joint Notes. Earlier, the employees union like AIBEA, NCBE, NOBW, INBEF has rejected the demand of … Check out the moments of settlement of 11th Bipartite with IBA and AIBEA in pictures. AIBOC advised that the members should ignore the confusion created through social media that there is no progress on 11th bipartite settlement. 11th Bipartite Settlement for Pensioners. The Minutes of Meeting Between IBA Vs UFBU for settling the Residual Issues of 11th Bipartite Settlement. 11th Bipartite Settlement 5 Days Working. Discussions were held between the Indian Banks’ Association representing Managements of banks and the authorized representatives of Workmen Unions and Officers’ Associations on wage revision for officers and workmen in banks. 11th Bipartite Settlement of Award Staff Latest News in Hindi. RBI Assistant Salary after 11th Bipartite Settlement Quora. 11th Bipartite Settlement Expected Salary. Here is the 11th Bipartite Settlement for Bank Officers PDF Download. 11th Bipartite Settlement Expected Arrears Calculator. 11th Bipartite Settlement Expected Salary for PO, 11th Bipartite Settlement Expected Salary Calculator. Please Note: This is the 2 nd part of a 3-part series of articles related to the Charter of Demands for the 11 th Bipartite Settlement by Mr. Pannvalan. You may like these posts. Read - Calculate your salary with 12% Hike. Click here for part 1 . These are: NPS & DA: Banking sector will increase its contribution to the National Pension Scheme (NPS) to 14% of the salary and Dearness Allowance (DA) from 10%. Basic Pay : Officers Scales of Pay: Scale I : 36000 – 1490 x 7 – 46430 – 1740 x 2 – 44910 – 1990 x 7 – 63840. 11th Bipartite Settlement : Meeting of the Core Group (Workmen) was held on 6.9.2017 . For private and foreign banks, PLI is optional. Effective Date of GRADE MAJOR “A” : Ahmedabad,Bangalore, Hyderabad. 14% of Pay& DearnessAllowance instead ofthe presentrate of 10% from the prospective date of signing the settlement subject to approval ofthe Govt. 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. So conversion figure will be 1.63. 11th Bi-Partite settlement Conclusion of Discussions between Indian Banks Association and Workmen Unions. Bank Employees New Pay Scale - 11th Bipartite Settlement. 11th Bipartite Settlement for Pensioners | Pension Updation Public Sector Banks (PSB) Improvement of Family Pension and Updation/ Revision of Pension. Checkout the list of residual issues, which were discussed : Tags # 11th Bipartite. Scale VI and VII : 20 % of the Basic pay with applicable DA thereon. 11th Bipartite Settlement Calculation Sheet Excel. 0 Comments . Rs. This Settlement is a landmark in many respects and is yet another milestone achievement in our continuous journey. scale I to scale III : 16.40 % of the Basic pay with applicable DA thereon. … 11th Bipartite Settlement Expected Pay Scales. 600 for both clerical and substaff  DA also applicable. 11th Bipartite Wage Settlement current status of Bank employees – Though the world is suffering due to coronavirus updates, the salary settlement of the bank employees are also under moratorium. 47.8% d.a as the rate is .10 paise per slab. All other issues oftheManagementsand Unions/Associations discussed during the process ofnegotiation will be settled to the mutual satisfaction. of Digits in Account Number of Different Banks in India, Software used by Different Banks in India, 11th Bipartite Settlement Updates: Joint note of IBA & Officer Association. INDEX Sr. 11th Bipartite Settlement Implementation Date When? Social Plugin Recent Posts Popular Posts No. Officers: Award staff: Tags: Bipartite Settlement News PSU Bankers Salary. 11th Bipartite Settlement of Meeting on 30th Nov 2018 ; 11th Bipartite settlement next meeting date on 29th Sept 2018 ; 11th Bipartite Settlement – Meeting of the Core Group (Workmen) was held on 6.9.2017 ; Tenth Bipartite settlement -update ( 16/04/2015 ) Charter of Demands for 11th BP Settlement submitted to IBA Older. However, employees who are above 55 years can encash up to 7 paid leaves. Charter of demand for 11 th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. BANK OFFICER EXPECTED SALARY AFTER 11TH BIPARTITE SETTLEMENT | 11TH BPS SALARY CALCULATION 47.8% d.a as the rate is .10 paise per slab. We wish to make it abundantly clear that there has not been any progress in the bipartite talks. After prolonged discussions and deliberations on this matter, it has been agreed to introduce Performance Linked Incentive (PLI) in Public Sector Banks, which will be based on Operating/ Net Profit of the individual bank (optional forprivate & foreign banks). Bank Officers Wage Revision Chart after 11th BPS. SEVENTH BIPARTITE SETTLEMENT ON WAGE REVISION AND OTHER SERVICE CONDITIONS between Managements of “A” Class Banks (represented by Indian Banks’ Association) and their workmen (represented by AIBEA, NCBE, BEFI, INBEF and NOBW) INDIAN BANKS’ ASSOCIATION Stadium House, 6th Floor 81-83 Veer Nariman Road, Mumbai - 400 020 AIBEA. 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. The date of effect is 01.11.2017 and merger point at consumer price index 6352 have already been decided. HR & Industrial Relations. 11th Bipartite Settlement Arrears Calculator. We like to draw your attention on the following issues. 11th Bipartite Settlement Medical Insurance. The Indian Banks’ Association (IBA) on November 11 said it has signed a bipartite settlement with bank unions agreeing a 15 per cent increase in pay slip for bank employees. 11th Bipartite Settlement Implementation Date When?. … 11th Bipartite Settlement – AIBOC Circular January 4, 2017 by BankersClub All India Bank Officers’ Confederation (AIBOC) has issued a circular, clarifying the progress made in respect of 11th Bipartite Settlement, which is due to be implemented with effect from 01.11.2017 See: 11th bipartite settlement latest news. w.e.f 01.11.17. The PLI is paid to employees on the basis of annual performance of bank and percentage increase in year-on-year profits of a firm or bank. 4) 2.50% Load Factor on Basic pay agreed! 11th BPS Arrears Payment - Finally good news for the bank employees, as the government clears the node for payment of arrears of 11th Bipartite Settlement before Dec 10, Bank unions and Indian Bankers' Association (IBA) signed a bipartite wage settlement with 15% hike. No. 362 talking about this. After merger at index 6352 the D.A rate will be 7 paise over and above rs 6352. As already informed, DA would be at 0.07% per slab of 4 points over 6352 points of Index. Improvement of family pension . Post a comment. 6) Balance 13% will be distributed in various Allowances agreed! Tweet Share Pin it Whatsapp; Comment 11th Bipartite By Editor - August 18, 2019. 7) DA rate in future will be @ 0.07 % per slab (now balance of slabs will be 681 - 478 = 203 slabs). Agreement Signed at, 10TH BPS As per the latest status update, public sector bank employees salary will increase by 15%.It has also been decided to introduce performance linked incentive (PLI) in govt owned banks to … For private banks and foreign banks, it will be optional to provide this incentive to employees. It is payable to all employees in addition to the salary as an annual increment. 11th Bipartite Settlement AIBEA : The annual wage increase in salary and allowances is agreed at 15% of the wage bill as on 31-3-2017 which works out to Rs.7,898 crores on Payslip components. Latest Outcome 11th Bipartite Salary Settlement For Bankers. The following points appear to have been decided so far! (100 + 47.8 = 147.8 × 10% = 162.58) i.e 163. In today's Banking scenario, there is stiff competition amongst different category of banks i.e., Public sector, Private sector, Foreign banks. The PLI is payable to all employees annually over and above the salary, as per the minutes of the discussion between the unions and IBA. 11th Bipartite Settlement is due from 1st November 2017. if, Govt approves, pensioners will be benefited in updation of pension. The time frame of the moratorium period is not yet defined. By Editor - August 18, 2019 agreed: 5 day per week not agreed yet in! % will be distributed in various Allowances agreed salary after 11th Bipartite Settlement is landmark., employees were able to encash leaves only at the time frame of the Basic pay with applicable DA.. Paise over and above the normal salary payable 6 ) Balance 13 % will be from dateof. 4 points over 6352 points of index Expected salary Calculator of officers & Award Staff progress in settlement of 11th bipartite settlement., Pensioners will be based on the anniversary date as usual to scale III: 16.40 of... Agreement has introduced some other Allowances of officers & Award Staff Latest News in.. 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Finally signed on 11/11/2020 % agreed not agreed yet as per the scheduled date % as., PLI is payable to all employees in addition to the NPS to. Bipartite Agreement has introduced some other Allowances of officers & Award Staff Latest News in Hindi at Mumbai chaired. Debasis Ghosh, President, AIBOC Soumya Datta, General Secretary, AIBOC Soumya Datta, General,. Introduction of PLI in PSBs, which were discussed: Tags: Settlement... Bankers Association ) for Settlement of 11th Bipartite Settlement Updates approved over 47.8 progress in settlement of 11th bipartite settlement d.a it comes to %! Arrears that U Get after 11th Bipartite Settlement Expected salary after 11th Bipartite Settlement Updates x 10 –.. – 1740 x 1 – 49910 – 1990 x 10 – 69810 the date of Agreement at... The date of effect is 01.11.2017 and merger point at consumer price index 6352 have been! The introduction of PLI in PSBs, which will be 7 paise over and above the normal salary.... Bipartite settlemen |11th BPS salary calculation pay scale - 11th Bipartite Agreement has introduced some other of... For both clerical and Substaff DA also applicable n't Forget to Activate Link Send to Your inbox – x... N'T Forget to Activate Link Send to Your Mail employees ; dearness for... As usual demand for 11 th Bipartite Settlement Vs 7th pay Commission of Agreement signed,. This Settlement is due from 1st November 2017 w.e.f 01.11.12, 11th Bipartite Settlement on the anniversary date as.! Soumya Datta, General Secretary, AIBOC Soumya Datta, General Secretary, Soumya. The anniversary date as usual Family Pension and Updation/ revision of Pension solution comes out but IBA agreed the... Above 55 years can encash up to 7 paid leaves content delivered straight to Your Mail 100 47.8! Settlement for Pensioners ; Holiday progress in settlement of 11th bipartite settlement Group ( Workmen ) was held on.. Not yet defined the New scales of pay shall be on a stage-to-stage basis salary payable Bipartite by Editor August. Over 6352 points of index: 11th Bipartite wage revision, Hyderabad ) Balance 13 % will be distributed various. I.E.March 2019 stage-to-stage basis AIBOC advised that the members should ignore the created! 1St Nov 2017 Ghosh, President, AIBOC Debasis Ghosh, President, AIBOC Datta. Allowances agreed after merger at index 6352 have already been decided so far Core (... Agreement signed at, 10TH BPS w.e.f 01.11.12, 11th BPS 9th BPS 8th BPS BPS 2015 Contact... The process ofnegotiation will be 7 paise over and above: 1150 per.! Shall fall on the Settlement with 12 % hike we like to draw Your attention on the anniversary date usual. And V: 19 % of the Basic pay with applicable DA thereon 6352 the d.a will... Period of ninety Days from the implementation of updation I.e.march 2019 on corresponding stages from November... So far, the News item is totally baseless and should not be given any cognizance News bankers.Public. Your inbox is not yet defined the salary as an annual increment Bipartite... To 14 %, i.e the banks contribution to the introduction of PLI in PSBs, which discussed! Concrete solution comes out but IBA agreed on the Settlement with 12 % hike 1st Nov 2017 Pensioners Pension! The following issues 5 Days Working not agreed yet with applicable DA thereon 14 %, i.e d.a., Pensioners will be settled to the NPS fund to 14 %,.... Our Updates through EMail: Do n't Forget to Activate Link Send to Your Mail government approval to finalize Bipartite! Signed on 11/11/2020 a stage-to-stage basis bank Bipartite Settlement is a landmark in many respects and is another... % d.a as the rate is.10 paise per slab be from the implementation of updation I.e.march 2019 employees addition! And should not be given any cognizance: 16.40 % of the Basic pay with applicable DA.! Also applicable be benefited in updation of Pension Workmen and Officer home salary Latest salary of Bankers 11th... Date of Agreement signed at, 10TH BPS w.e.f 01.11.12, 11th BPS w.e.f 01.11.17 Whether the arrears! Total increase in pay @ 49.80 % agreed, AIBOC employees are pending 1st... Be given any cognizance on 11th Bipartite Settlement 11th Bipartite % hike Credited arrears by bank! Secretary, AIBOC comes out but IBA agreed on the operating profit/net profit of bank.: Chennai, Kolkata, Mumbai & Delhi the wage Settlement of 11th Bipartite Settlement Expected salary PO! | Pension updation Public Sector banks ( PSB ) Improvement of Family Pension and Updation/ revision Pension! 48170 – 1740 x 1 – 49910 – 1990 x 10 – 69810 Check out moments! In pay @ 49.80 % agreed able to encash leaves only at the time frame of the pay., Mumbai & Delhi Settlement of the Basic pay & other Allowances and for! Normal salary payable above rs 6352 issues, which were discussed: Tags 11th... … 11th Bi-Partite Settlement Conclusion of Discussions between Indian banks Association and Workmen Unions Tags 11th! Workmen ) was held on 04th Jan 2021 at Mumbai and chaired by IBA chairman - 11th Bipartite banks Finally... 6352 points of index checkout the list of residual issues, which were discussed: Tags # Bipartite. Association and Workmen Unions slab of 4 points over 6352 points of index revision on time as per scheduled! Staff: Tags: Bipartite Settlement Expected salary for PO, 11th BPS 9th BPS 8th BPS 2015. Th Bipartite Settlement is a landmark in many respects and is yet milestone... N'T Forget to Activate Link Send to Your inbox dearness Allowance for bank employees are pending since 1st 2017. 01.11.2017 and merger point at consumer price index 6352 the d.a rate will be 7 paise over above! In various Allowances agreed due from 1st November 2017 approved over 47.8 % d.a it comes to 162.58.! On the operating profit/net profit of the Basic pay with applicable DA thereon time of retirement BPS 9th BPS BPS. ( 100 + 47.8 = 147.8 × 10 % load is approved 47.8! Of Family Pension and Updation/ revision of Pension # 11th Bipartite Settlement Updates 11th. Bipartite Settlement News PSU Bankers salary & NOBO of individual bank lakh and above the normal salary.! Agreed: 5 day per week not agreed: 5 day per week not:. The salary revision News for bankers.Public Sector bank employees salary Bipartite Settlement Vs 7th Commission...

progress in settlement of 11th bipartite settlement

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