Scales of pay in modification of clause 4 of bipartite settlement dated 27th april 2010, with effect from 1st november 2012 the scales of pay shall be as. A, the indian banks association iba on behalf of its member banks named in the respective schedule, signed settlements with the all india bank employees. Officers jmgsi to tegsvii 10th bipartite settlement the indian banks association iba representing the managements of banks held several rounds of discussions with the authorised representatives of the officers associations on salary revision and other issues concerning service conditions for officers in banks. Apr 17, 2015 tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. Salary of bank employees after 11th bipartite settlement. Circular 6212 bipartite for officers union bank of india. Public sector bank employees salary revision and bipartite settlement updates. Basis for demands the process of wage revision must. February, 1995 and clause 1 of bipartite settlement dated 14th december, 1996, with effect from 1st november, 1997 the scales of pay shall be as under. As the 10 th bipartite settlement ended, the new pay scales and other components of wages and service conditions of bank employees need to be revised form 1 st november 2017. Now as per amendment, pay as per 7th r calculation of basic pension. Government and iba has agreed on the 10th bipartite wage. Salient features of 9 th bipartite settlement we have already informed all our units and members about the happy news of signing the 9 th bipartite settlement on 27. Scheme, where the employee will contribute 10% of pay plus dearness.
Its the aibea that used to dominate the negotiations. Eleventh bipartite settlement bank wage revision history. 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. May 21, 2015 officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. 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. Please bear with me charts were prepared for first 10 stages. Next wage revision in public sector banks government of india ministry of finance department of financial services jeevan deep building, 3rd floor, 10, parliament street, new delhi110 001 d. Read the complete info of 10th bipartite settlement for clerks and substaff from the below stated lines.
Latest news on 10th bipartite settlement 25 may 2015 aibea. Apr 27, 2010 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. Earlier we had been informing about the understandings reached on various items. It is the tenth bipartite that the officers associations have raised their voice. House rent allowance or 10% of pay on fitment in the new scale of pay. Hence a bipartite settlement for officers cannot attain overriding effect on pillai committee. Finance ministry approved 10th bipartite settlement wage revision for bank employees for period 1. Here you can get the other highlights of the settlement. Government and iba has agreed on the 10th bipartite wage settlement.
Mar 29, 2020 bank officers association public figure. Clerical staff 3020 5 3425 225 4100 320 5380 340 6400 380 3 3 4 3 4 7920 680 8600 380 8980 1 1 subordinate staff 2750 55 2860 75 3010 90 3190 110 3520. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. Sep 22, 2019 basic pay chart of officers settlement wise. What will be the basic pay for bank poso after 11th. Since the eight bipartite settlement, the wage hike talks have been held jointly for workmen and officers. May, 2016 pay scale of sbi clerk after 10 th bipartite settlement. Memorandum of settlement dated 27th march, seventh bipartite settlement on wage revision and. Jun 24, 2019 9th bipartite settlement for bank officers pdf glimpses of signing ceremony of 9th bipartite. In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task. Mar 01, 2017 wow i mean people are really optimistic with the wage settlement and everything. 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. For retirees also we have asked iba to workout a similar scheme. The chart is very subjective and pretty optimistic.
In supersession of clause 9 of bipartite settlement dated 10041989 and clause 21 of bipartite settlement dated 27032000, w. Officers wage revision new pay scales 10th bpsbank. Latest news on 10th bipartite settlement 25 may 2015. Shri soumitra talapatra national confederation of bank employees 1. Updates about bankers wage revision and expected salary calculator. In modification of clause 4 of bipartite settlement dated 27 th april 2010, with effect from 1 st november 2012 the scale of pay shall be under. Including private banks and foreign banks who are parties to the settlement, around 4,80,000 as on 11 12012. Salary revision for officer employees of public sector banks. The settlement covers 46 banks 26 public sector banks, 12 private sector banks and 8 foreign banks and would benefit 4,77,000 workmen employees and 2,75,000 officers. 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.
Basic pay chart and pay scales of bank officer with annual increment in pay scales. The salient features with regard to pay slip component were also highlighted in that circular. Wow i mean people are really optimistic with the wage settlement and everything. Apr 12, 2017 11th bipartite settlement is due on dated 01st nov 2017 for public sector bankers psb. The ix bipartite settlement regarding salary, allowances and other terms and conditions. May 15, 2017 11th bipartite settlement is due from 1st november 2017. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers.
But for the last two bipartite settlements, it,s not the case. United forum of bank unions ufbu is representing officers, employees, and staff organisations. Alert all bankers 11th bipartite settlement wage hike may be 15%, pli 4. After the 10 th bipartite settlement, the pay scale has changed a lot for the candidates who. These charts are sufficient to know increased salary for all young officers. Pay scale of sbi clerk after 10 th bipartite settlement. Officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. Jan 15, 2018 as the 10 th bipartite settlement ended, the new pay scales and other components of wages and service conditions of bank employees need to be revised form 1 st november 2017. Officers service regulations joint note 10th bipartite.
Charter of demands for 11th bipartite settlement wage negotiations between bank employees and managements got off the ground with an aim to finalise the package by octoberend. This is the very useful information for officers who were in the service of the bank. Management of banks which are parties to the bipartite settlement and. Wage revision for bank officers and workmen may be done. All the existing permanent officers employees of the banks which are parties to this. The indian banks association iba representing the managements. Salient features of the 9th bipartite settlement download as pdf file. Nov 04, 2017 alert all bankers 11th bipartite settlement wage hike may be 15%, pli 4. Oct 23, 2016 normally the da as on the date of settlement due date of settlement, for 11 th bipartite it is 31. Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. May 10, 2018 10th bipartite settlement sub committee meeting on bank bipartite on 16th april 10th bipartite settlement of bank employees latest news on 17. Workmen unions and officers associations on wage revision.
Wage revision bank employees 10th bipartite settlement. Employees and officers from 43 banks including public sector banks, old private sector banks and some of the foreign banks benefit from the wage revision. After the 10 th bipartite settlement, the pay scale has changed a lot for the candidates who are joining for the first time. As of now, the tot al workman covered by these banks is around 6,50,000.
The data mentioned in the answers above are not even mentioned by the unions and association in their demand. Process of next wage revision in public sector banks. These regulations shall apply to all officers of the bank and to such other employees. Salary revision and pension option it is a momentous and historical settlement signed by. May 05, 2020 in supersession of clause 9 of bipartite settlement dated 10 041989 and clause 21 of bipartite settlement dated 27032000, w.
In the ensuing eleventh bipartite we hope that the officers organisations will play a crucial role. 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. Charter of demands for 11th bipartite settlement all. Salary of sbi clerk after 10th bipartite settlement. Once the bipartite settlement is signed, same percentage is finalized for officers joint note too. Banks governed by officers service regulation 10th. Some anamolies were found waiting for clarifications. 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. Wage revision of bank employees is due from november 2012 and bank employees unions and officers association submitted their charter of demand for 10th bipartite to iba indian banks association on 30. Jan 09, 2020 a, the indian banks association iba on behalf of its member banks named in the respective schedule, signed settlements with the all india bank employees. Nov 27, 2014 please bear with me charts were prepared for first 10 stages. The settlement dated 14th december 1996 was coterminus with the settlement dated 14th february, 1995. All india consumer price index for industrial workers base.