Glimpses of Signing Ceremony of 9th Bipartite ; Salary Revision and Pension Option It is a momentous and historical settlement signed by. AIBOC and other . Basic Pay Chart and Pay Scales of bank officer with annual increment in Pay Scales. 7th Bipartite Settlement, 8th Bipartite Settlement, 9th Bipartite Settlement. Salient Features of Bank employees 9th Bi-partitement Settlement of wage ( salary) (Pay) Revision.

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Indian Banks 9th Bipartite Settlement

The Settlement will be effective from November to October Tuesday, April 6, Officers new pay. Within the maternity leave entitlement, women employees can avail 45 days special leave for undergoing hysterectomy operation.

Thus in every recruitment process banks are collecting lacs of rupees from unemployed youth. Lump sum November, to April, Upto 3 hours per week: Bank employees have been given about average revision of basic pay to 1.

Major A class cities – 8. Actual road mileage cost or Rs. Being improved with revised schedule, etc. The Settlement is preceded by 30 months of negotiations between the IBA and the unions.

Existing Special Pay will be revised and arrears paid for both clerks and subordinate staff. Pages Home Charter of Demands- 9th bipartite. Sabal India Marketing Pvt. Upto ofricers th Stage: Let the corruption increase, the govt. The wage revision and pension option have been signed on 27th April with the IBA, by the Unions.


The Pillai Committee was duly constituted by the govt. It is but natural an endeavour to oppose the pay commission. Ministry of Finance, Government of India. Thus they are milking the Bi-partite settlement for Rs.

Union of India Chinnappa Reddy, J. Because of very low salary and hard working conditions, many candidates who apply for a bank job on coming to know about salary structure either do not appear in the test or not join after being selected or leave after joining. Shame on the govt. For Clerks and Substaff. Will be revised based on new basic pay. Email or Phone Password Forgot account? Draft settlement will be taken up for finalisation.

This notion is misconceived. Officers payscales – updation. Now over a period of three decades the salary of a bank officer is reduced to almost half of the salary paid to Group A officers. For November, to April, Unions do not represent retired employees. Under the Settlement all the remaining 2,60, employees and officers who are now covered by CPF would be given a chance to join the Pension Scheme.


Indian Banks 9th Bipartite Settlement

The recommendations of this Committee were implemented w. The Settlement would cost the Banks an additional increase in wages by Rs.

The Pension option Settlement has also been signed Under the banner of UFBU, all the 9 unions have signed the Agreements covering both employees and officers. Present Special Pay holders: More than 50, retirees will also get the option to join the pension scheme.

Upto 3 hours per week: Wage settlement- Workmen – Developments – Will be payable on revised Basic Pay from 1. Prima facie this 9th Bipartite Settlement suffers from following legal infirmities, hence a nullity in the eyes of Law: Settlement will be signed on Present No Special Pay holders: Wage revision of workmen and officers.

Reimbursement in Road Travel: Upto monthly income of Rs. What is your openion on settlement? For Clerks and Substaff Upto 15 th Stage: Hence a Bipartite Settlement for officers cannot attain overriding effect on Pillai Committee.