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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Present Special Pay holders: Because of very low salary and hard working conditions, many abnk 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. Hence a Bipartite Settlement for officers cannot attain overriding effect on Pillai Committee.

Indian Banks 9th Bipartite Settlement

Prince S Paracka Local Business. Out of this, Rs.

Officers payscales – updation. Existing Special Pay will be revised and arrears paid for both clerks and subordinate staff. Latest news on 9th bipartite settlement. Shame on the govt. Next meeting will be on 7 th April, Now over a period of three decades the salary of a bank officer is reduced to almost half of the salary ogficers to Group A officers.

Actual road mileage cost or Rs. The wage revision and pension option have been signed on 27th April with the IBA, by the Unions. It was decided that after finalising the draft settlement, the signing of the same should be completed by 15 th Fir, November, to April, With Stagnation increment Clerical: Being improved with revised schedule, etc.


Project Area Compensatory Allowance: Wage ofifcers Workmen – Developments – Will be payable on revised Basic Pay from 1. Tuesday, April 6, Officers new pay.

The recommendations of this Committee were implemented w.

Under the Settlement all the zettlement 2,60, employees and officers who are now covered by CPF would be given a chance to join the Pension Scheme. This notion is misconceived. The Settlement would cost the Banks an additional increase in wages by Rs.

Email or Phone Password Forgot account? Next discussions on 9th and 10 th April Average Bank employee has not been given increase even equal to Education and Transport Allowance given 9h Central Govt.

The Pension option Settle,ent has also been signed Under the banner of UFBU, all the 9 unions have signed the Agreements covering both employees and officers.

Unions do not represent retired employees. Reimbursement in Road Travel: Against this Basic Pay of Govt. Draft settlement will be taken up for finalisation. Thus they are milking the Bi-partite settlement for Rs. Bank employees have been given about average revision of basic pay to 1.

Sections of this page. Pages Home Charter of Demands- 9th bipartite. In the talks held between IBA and Unions understandings were reached on the various service conditions and the chart on distribution of the total increase of Rs.

Thus in every recruitment process banks are collecting lacs of rupees from unemployed youth. It is said that biparhite employees can not be given benefit of VIth pay Commission recommendations as they get wage settlement every five year whereas paycommission 9rh are implemented once in 10 years.


When compared with the pay package of international banks, the Indian banks pay least to their employees. For subordinate staff Once in 2 years – km Once in 4 years – km For clerks Once in 2 years – km Once in 4 years – km.

More than 50, retirees will also get the option to join the pension scheme. For Clerks and Substaff.

Indian Banks 9th Bipartite Settlement

Let the corruption increase, the govt. Article 14 of the Constitution enjoins the State not to deny any person equality before the law or the equal protection of the laws and Article 16 declares that there shall be equality of opportunity for all citizens in matters under the State.

From May, – For Clerks. Wage settlement – Officers – Developments – Within the maternity leave entitlement, women employees can avail 45 days special leave for undergoing hysterectomy operation. The Settlement will be effective from November to October It is being publicized that bank employees got a very good wage hike but the following facts speak adversely:. Lump sum November, to April, Upto 3 hours per week: The Settlement is preceded by 30 months of negotiations between the IBA and the unions.

It is but natural an endeavour to oppose the pay commission. Major A class cities – 8.