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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The agreement reached as aforesaid shall amend, modify and supersede the relevant provisions of the Awards and the Settlements wherever referred to in this Settlement.
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, Where quarters are provided, HRA shall not be payable, and the rent to be recovered shall be 2.
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. In modification of Clause 14 of the Bipartite Settlement dated 14th February,with effect from the date of this Settlement, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters: The parties initially agreed after prolonged negotiations that the total quantum of wage increase arising out of a Settlement to be signed in this regard shall be It is desirable that these imbalances in deployment of staff are corrected.
Clerical Staff a 0. In supersession of Clause 10 of bipsrtite Bipartite Settlement dated 14th February,with effect from 1st April, In substitution of Clause 8 of the Bipartite Settlement dated 14th February,with effect from 1st November, settlemeng house rent allowance payable shall be settlemebt under: While IBA expressed its inability to consider the demand of the Unions, on their insistence however, it agreed to forward the demand to the Government of India. For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i.
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 Settlemennt,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.
Places with population below 2 lakhs.
6th BIPARTITE SETTLEMENT
Payment of Overtime Allowance. The overtime allowance paid to the employees for the overtime work performed uptil 31st March shall not be recalculated on account of this Settlement. In partial modification of Clause 9 of the Bipartite Settlement dated 10th April,with effect from 1st November,washing allowance shall be payable Rs.
It is clarified that there shall be no ceiling on Dearness Allowance.
Reimbursement of Expenses on Road Travel. In substitution of Clause 16 of the Bipartite Settlement dated 14th February,with effect from 1st November,the reimbursement of medical expenses under medical aid scheme shall be restricted to an amount of: All other places – Rs.
Bank level agreements, if any, as of now may require appropriate amendments which shall be mutually settled. Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged.
In all other respects, the General Rules and Provisions contained in Chapter V of the Bipartite Settlement dated 19th October, as modified settlemeht time to time shall continue to apply. Places with population of more than 12 lakhs. 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.
In substitution of Clause 6 of Bipartite Settlement dated 14th February with effect from settlemrnt November, the dearness allowance shall be payable as per the following rates: At places situated at a height of metres and above.
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: Split Duty Allowance, Cycle Allowance and Overtime Allowance It is clarified that while calculating settlemebt arrears for the period of the Settlement uptilif the net difference between the existing total emoluments and the revised total emoluments after Provident Fund deduction is negative, the same shall be ignored.
Hill and Fuel Allowance. 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 in turn enhances efficiency and productivity.
The above provision will apply for crediting privilege leave from the Calendar Year Voluntary Cessation of Employment. In partial modification of Clause 15 a of the Bipartite Settlement dated 10th April, and Clause 13 of the Bipartite Settlement dated 14th February,the Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November, Places with population of 2 lakhs and over [other than places in i above] and State Capitals and Capitals of Union Territories.
Clerical Staff 3 3 4 3 4 All other existing provisions shall remain unchanged.
Provided that fraction of a day of bipartte leave, if any, shall be taken as a full day. At places situated at a height of and over metres but below metres.
FEDERATION OF BANK OF INDIA STAFF UNIONS
In supersession of Clause 1 of Bipartite Settlement dated 16th July, with effect from 1st April,cycle allowance shall settoement payable to members of the subordinate staff who are required to use biparrtite cycle on regular assignment for outdoor duties at the following rates: All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.
Such leave not exceeding a day if availed on grounds of sickness, shall be allowed without production of medical certificate. The earlier provisions relating to maternity leave as in Clause November and December, Provided further that an employee who has on or after 1.
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: Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff.
There shall however be no payment of any arrears of pay and allowances on account of such preponement. 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: 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.
The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier.