• July 20, 2019

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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November, to April, Upto 15 th Stage: 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. Thus in every recruitment process banks are collecting lacs of rupees from unemployed youth.

Indian Banks 9th Bipartite Settlement: Officers new pay

Present Special Pay holders: Unions are not specifically mandated by existing employees to negotiate salary and enter into a Bipartite settlement. It was decided that after finalising the draft settlement, the signing of the same should be completed by 15 th April, Present No Special Pay holders: 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.


Existing Special Pay will be revised and arrears paid for both clerks and subordinate staff. With Stagnation increment Clerical: Union of India Chinnappa Reddy, J. 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. Wage settlement – Officers – Developments – In Randhir Singh Vs.

Indian Banks 9th Bipartite Settlement

Prima facie this 9th Bipartite Settlemnet suffers from following legal infirmities, hence a nullity in the eyes of Law: Actual road mileage cost or Rs. Hence a settlement entered into by them is not binding on members. The Pillai Committee was duly constituted by the govt. Tuesday, April 6, Officers new pay.

Within the maternity leave entitlement, women employees can avail 45 days special leave for undergoing hysterectomy operation. Shame on the govt. Reimbursement in Road Travel: Wage settlement- Workmen – Developments – For Clerks and Substaff.

Against this Basic Pay of Govt. Wage revision of workmen and officers.

Tuesday, April 27, 9th bipartite signed on 27th April When compared with the pay package of international banks, the Indian banks pay least to their employees. It is painful that a bank officer is being paid less than a clerk of govt.


Out of this, Rs.

Email or Phone Password Forgot account? Special Leave for Women: Sabal India Marketing Pvt. Officers payscales – updation. Hill and Fuel Allowance: Lump sum November, to April, Upto 3 hours per week: The recommendations of this Committee were implemented w.

It is but natural an endeavour to oppose the pay commission. Will be payable on revised Basic Pay from 1.

Ministry of Finance, Government of India. More than 50, retirees will also get the option to join the pension scheme. The wage revision and pension option have been signed on 27th April with the IBA, by the Unions.

Major A class cities – 8. The Settlement will be effective from November to October For November, to April, For Clerks and Substaff Upto 15 th Stage: Latest news on 9th bipartite settlement. Let the corruption increase, the govt.