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Basic Pay Chart of Officers – (Settlement wise). S No. 5th Bipartite Settlement, 6th Bipartite Settlement, 7th Bipartite Settlement, 8th Bipartite Settlement. Wage Revision of banks employees’ is done through bipartite settlement between UFBU and IBA. 6th Bipartite settlement, , , 28 months. The Fifth Bipartite Settlement dt. , , , , Settlement on Pension & Computerisation dt. The Sixth BPS dt .

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In substitution of Clause 16 of the Bipartite Settlement dated 14th February,with effect from bipartiite November,the reimbursement of medical expenses under medical aid scheme shall be restricted to an amount of: It is desirable that these imbalances in deployment of staff are corrected.

6th BIPARTITE SETTLEMENT

In partial modification of Clause 4 of the Bipartite Settlement dated 28th November, with effect from 1st April,split duty allowance shall be payable as under: Clerical Staff a 0.

In respect of Indian Overseas Bank the provisions of the Awards as further modified by the Settlements dated 14th December,17th December,29th July,23rd March,1st August,31st October,21st April,8th September,17th September,5th January,10th April,29th June,16th July,29th October,14th February,14th December, and 28th November, shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement. In substitution of Clause 8 of the Bipartite Settlement dated 14th February,with effect from 1st November, the house rent allowance payable shall be as under: At places situated at a height of over metres but less than metres and Mercara Town.

Mumbai, Calcutta, Chennai, Delhi – Rs. Places with population of more than 12 lakhs. Provided further that an employee who has on or after 1. Places with population below 2 lakhs.

In respect of employees who had received their fourth stagnation increment on or after 1st November, but before 1st November,the fifth stagnation increment shall be released on and from 1st November, The IBA also raised with the Unions, during negotiations, issues on behalf of the managements of the banks concerned, 6yh be discussed and settled with a view to sdttlement productivity, efficiency, customer service, discipline and maintaining harmonious industrial relations.

Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged. Where quarters are provided, HRA shall not be payable, and the rent to be recovered shall be 2. All other existing provisions shall remain unchanged. Places with population of 2 lakhs and over [other than places in i above] and State Capitals and Capitals of Union Territories. In substitution of Clause 7 of the Bipartite Settlement dated 14th February,with effect from 1st November, the City Compensatory Allowance shall be payable as per the following rates: At places situated at a height of metres and above.

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Hill and Fuel Allowance.

Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th-10th Settlement

The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier. It is clarified that there shall be no ceiling on Dearness Allowance.

Voluntary Cessation of Employment. Given the environment of competition in the banking industry gaining momentum day by day, it is imperative that the banks are well equipped with state of art technology to enhance customer satisfaction which 6fh turn enhances efficiency and productivity.

Such leave not exceeding a day if availed on grounds of sickness, shall be allowed without production of medical certificate. In modification of Clause 14 of the Bipartite Settlement dated 14th February,with effect from the date of this Settlement, halting allowance shall be bkpartite at the following rates for the days spent on duty outside the headquarters: Bank level agreements, if any, as of now may require appropriate amendments which shall be mutually settled.

In supersession of Clause 10 of the Bipartite Settlement dated 14th February,with effect from 1st April, In partial modification of Clause 9 of the Bipartite Settlement dated 14th February, and Clause 2 of the Bipartite Settlement dated 14th December, the nomenclature of “Conveyance Allowance” shall be termed as “Transport Allowance” and the same shall be paid Rs.

In supersession of Clause 15 setflement the Bipartite Settlement dated 14th February,the rate bipaetite Provident Fund shall be revised as under: Special provision for State Bank of India.

In partial modification of Para IX 3 of Bipartite Settlement dated 17th September,the following provisions shall apply with effect from the date of this Settlement. All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged. Paradip Port Town Allowance.

In substitution of Clause 6 of Bipartite Settlement dated 14th February with effect from 1st November, the dearness allowance shall be payable as per the following rates: The clerical and the subordinate staff on reaching the maximum in their respective scales of pay shall draw FIVE stagnation increments at the rate of Rs.

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In supersession of Clause 5 of Bipartite Settlement dated 28th November, with effect from the date of this Settlement compensation on transfer shall be as under: In all other respects, the General Rules and Provisions contained in Chapter V of the Bipartite Settlement dated 19th October, as modified from time to time shall continue to apply.

The Settlement dated 14th December was co-terminus with the Settlement dated 14th February, The parties thereafter negotiated the aforesaid demands and issues on several occasions and have now reached an agreement as set out hereinunder in full satisfaction of their demands. November and December, The above provision will apply for crediting privilege leave from the Calendar Year The overtime allowance paid to the employees for the overtime work performed uptil 31st March shall not be recalculated on account of this Settlement.

Halting Allowance and all other items agreed to but not Date of covered by the above Clauses. All other existing provisions relating to House Rent Allowance shall remain unchanged.

In respect of Bank of Baroda, the provisions of the Awards as further modified by the Settlements dated 23rd December,19th December,1st August,31st October,21st April,8th September,17th September,5th January,10th April,29th June,16th July,29th October,14th February,14th December, and 28th November, shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.

At Non – C.

Foboisu-federation of Bank of India Staff Unions

In partial modification of Clause 5 a of Bipartite Settlement dated 14th February,both clerical and subordinate staff shall be eligible for five stagnation increments with effect from 1st November, at the rates and frequencies as stated hereunder: At the lower CCA Centres i.

It is generally perceived that there is scope for redeployment of staff in banking industry. Special provision for State Bank of India Special compensatory provisions in respect of State Bank of India may be reviewed and settled at bank level.