The 10th bipartite agreement for bank employees has expired on 31st october, 2017 and the negotiation talks on 11th bipartite agreement have begun. Based on our past experience we try to give a brief outline about how the negotiations will shape up between ufbu united forum of bank unions and iba. Wage revision bank employees 10th bipartite settlement. Meeting of the subcommittee on salary revision very lengthy circular click here aiboc clr201504 dt 15 01 2015. 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.
Shri soumitra talapatra national confederation of bank employees 1. Officers wage revision new pay scales 10th bpsbank bipartite settlement basic pay 23700 to 85000. Based on the charter of demands submitted by the bankers union with initial hike on salary offered by iba i. 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. Scales of pay in modification ofclause 4 of bipartite settlement dated 27th april 201 l with effect from november 2012 the scales of pay shall be asunder. Eleventh bipartite settlement bank wage revision history and customs followed so far young bank employees are eager to know the process of wage revision bipartite settlement eleventh. Jan, 2020 finance ministry approved 10th bipartite settlement wage revision for public sector bank employees june 22, 2015 read more public sector bank employees union announce strike on 24. Aibea may sign the 11th bipartite wage revision agreement. The current 10th bipartite settlement on wages and service conditions of bank employees ended on 31st october 2017.
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. Will the 11th bipartite settlement fulfil the expectations. Finance ministry approved 10th bipartite settlement wage revision for public sector bank employees june 22, 2015 read more public sector bank employees union announce strike on 24. Wage revision of banks employees is done through bipartite settlement between ufbu and iba. Scales of pay in supersession of clause 4 of bipartite settlement dated 27th march, 2000, with effect from 1st november, 2002 the scales of pay shall be as under. 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. Jun, 2019 10th bipartite settlement pdf ufbu rejects iba s initial offer of 2% hike in wage bill 10th bipartite settlement, there was increase of 15% hike in wage bill. As per ufbu, circular dated 12th aug the following points have been agreed to during the negotiations. Eleventh bipartite settlement bank wage revision history.
Iba meeting update 17th september offer improved to 12% 11th bps negotiation meeting with iba status in todays talks with iba, their offer was improved to 12% which we did not agree. Calculate your expected basic pay after 11th bipartite settlement. X bipartite bank employees wage revision settlement. Jan 15, 2018 the current 10th bipartite settlement on wages and service conditions of bank employees ended on 31st october 2017. 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. 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.
May 25, 2015 latest news on 10th bipartite settlement 25 may 2015 aibea. This is the 1 st part of a 3part series of articles related to the charter of. May 15, 2017 11th bipartite settlement is due from 1st november 2017. What will be the expected basic pay of bankers after 11th bipartite settlement. The settlement would cost the banks an additional increase in wages by rs. Government and iba has agreed on the 10th bipartite wage settlement. May 11, 2018 we informed the iba that in the 10th bipartite settlement, there was increase of 15% hike in wage bill and hence this offer of iba is highly disappointing and totally unacceptable even as an initial offer. Calculate your expected basic pay after 11th bipartite. Public sector bank employees salary bipartite settlement updates. May 25, 2015 10th bipartite settlement wage agreement for bank employees. Apr 27, 2010 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.
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. 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. Indian banks association inked wage settlement with employee unions and officers associations today, 25th may, 2015. 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 modification ofclause 4 of bipartite settlement dated 27th. 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. Sep 14, 2014 calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. Unlike last time, it is expected that the full amount of d. Basis for demands the process of wage revision must. Aibea may sign the 11th bipartite wage revision agreement on. February 23, 2015 in 10th bipartite discussions, bank employees news, bipartite settlement, national union of bank employees x bipartite bank employees wage revision settlement points between iba and bank unions indian banksassociation minutes of the dis.
The settlement was sign in may 2015 with 15 percent hike. Accordingly, the da as on 31102017 on the exiting basic pay will be at 58. Sep 14, 2014 10th bipartite settlement calculation end of the long waiting day seems to be over for bankers. 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. Bank wage revision 2020 latest news bipartite talks with.
The iba also raised with the unions, during negotiations, issues on behalf of the. 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. Read aibea agrees on iba offers of 12% salary hike in 11th bipartite wage settlement he further added that the present offer of iba is more in quantitative terms than the quantum paid in the 10th bipartite settlement. Demands for 11th bipartite settlement aibea govtstaffnews. 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. Jan 04, 2017 11th bipartite settlement aiboc circular published by bankersclub on january 4, 2017 january 4, 2017 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. Calculate 10th bipartite revised salary the settlement of 10th bipartite wage revision is almost finalized. For retirees also we have asked iba to workout a similar scheme. Tenth bipartite updates todays meeting update 16042015 today iba ufbu meeting took place wherein all details of proposed new medical reimbursement scheme was discussed. More than 10 lakh bank employeesofficers are getting benefitted because of this. Oct 23, 2016 eleventh bipartite settlement bank wage revision history and customs followed so far young bank employees are eager to know the process of wage revision bipartite settlement eleventh. Charter of demands for 11th bp settlement submitted to iba.
Government and iba has agreed on the 10th bipartite wage. Latest news on 10th bipartite settlement 25 may 2015 aibea. Officers wage revision new pay scales 10th bpsbank. Clerical staff 4410 215 5055 335 6060 470 7940 500 3 3 4 3 9440 560 11680 970 12650 560 210.
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. Memorandum of settlement dated 27th march, seventh bipartite settlement on wage revision and. Iba inked with employee unions and officers association posted by admin may 25, 2015 0 comments. 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. Calculate the projected salary along with the difference with existing gross pay post 11th bps for officers from scale i to iii. 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. In the long 70 years of journey of aibea, improving the economic conditions of the bank employees has been a major task. The settlement gives 15% increase in salary and allowances to about 10 lakh bank employees. References are being made to us regarding gratuity under the 10th bp settlement signed recently on 2552015. Sep 15, 2018 what will be the expected basic pay of bankers after 11th bipartite settlement. Salary of bank employees after 11th bipartite settlement. Latest news on 10th bipartite settlement 25 may 2015. He has also stated that the officers associations are creating impediment to the settlement. Clause 17 of the fifth bipartite settlement dated 10th april,shall stand deleted.