Dearness Relief payable to pre-1.1.1986 retirees of banks (b) surviving spouses of pre-1.1.86 Retirees receiving ex-gratia for the period February to July 2020

Dearness Relief payable to pre-1.1.1986 retirees of banks (b) surviving spouses of pre-1.1.86 Retirees receiving ex-gratia for the period February to July 2020

Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/ D/G2/ 2019-20/ 8620

February 1, 2020

Designated Officers of all Nationalised Banks
and State Bank of India

Dear Sir/Madam,

Dearness Relief payable for the period February to July 2020 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17.12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period February 2020 to July 2020 on Ex-gratia will be as under :

Also check: Bank Employees Dearness Allowance from February 2020 – DA 2020

Applicable CPI Average	Amount of Ex-gratia per month	Rate of Dearness Relief	Amount of Dearness Relief per month	Total Ex-gratia amount including Dearness Relief per month
7479	Rs.	%	Rs.	Rs.
Pre 1.1.86 Retirees	350	1151.73	4031	4381
Surviving spouses of pre 1.1.86 retirees	175	1151.73	2016	2191

Yours faithfully,
S K Kakkar
Senior Advisor(HR & IR)

Bank Employees Dearness Allowance from February 2020 - DA 2020

Bank Employees Dearness Allowance from February 2020 - DA 2020

According to the 10th Bipartite Settlement for the period from February, March and April 2020, 75.90 percent of the Dearness Allowance (DA) grants to Bank employees. In this regard the Indian Banks Association (IBA) released a circular and the same is reproduced and provided for your information below :

Indian Banks’ Association
HR & Industrial Relations

No.CIR/HR&IR/ 76/D/2019-20/ 8619

February 1, 2020

All Members of the Association (Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of February, March & April 2020 under X BPS / Joint Note dated 25.5.2015.
The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended December 2019 are as follows:-

• October 2019 – 7418.42
• November 2019 – 7486.90
• December 2019 – 7532.55

The average CPI of the above is 7479.29 and accordingly the number of DA slabs are 759 (7479 – 4440 = 3039 / 4 = 759 Slabs) The last quarterly Payment of DA was at 717 Slabs. Hence there is an increase in DA slabs of 42 i.e 759 Slabs for payment of DA for the quarter February, March and April 2020.

AICPIN for December 2019 – Press Release

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of February, March & April 2020 shall be 75.90% of pay. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours Faithfully,
sd/-
S K Kakkar
Senior Advisor (HR&IR)

Bank Employees Wage Revision - UFBU Meeting 12.12.2018

Bank Employees Wage Revision
UFBU Meeting 12.12.2018

In today's UFBU meeting the discussion revolved around two issues:

A) The issue of extending fraternal support by UFBU constituents to AIBOC on 21st December'18.

B) The view of all constituents on the decision of AIBOC of not taking part in further talks, and also to seek opinion of each affiliate whether they would be taking part in talks should IBA convene any meeting.

On the first issue, there was no unanimity amongst constituents, hence, UFBU Convenor left the decision to individual affiliates.

We are happy to share that some affiliates openly expressed their support and also agreed to join the Dharna at Delhi scheduled on 14th December'18

AIBOC also categorically stated that in future we will also take a call on extending fraternal support, should any affiliate call for a strike or announce any agitational program.

On the second issue, all other affiliates expressed that they would be joining future talks.

UFBU Convenor, requested AIBOC to reconsider the decision of not taking part in further talks.

During the deliberation, AIBOC clarified it's position that we are firm and resolute in our stand of going ahead with the strike and not taking part in further talks unless the mandate issue was settled.

We also expressed that after assessing the impact of our strike, we will take stock, discuss with all our affiliates and chalk out our future course of action.

General Secretary.
AIBOC

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2018 under X BPS/ Joint Note dated 25.5.2015

Dearness Allowance

No.CIR/HR&IRJ76/D/2018-19/4988

May 2, 2018

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2018 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2018 are as follows:-

January 2018        6573.86
February 2018     6551.03
March 2018          6551.03

The average CPI of the above is 6559 and accordingly the number of DA slabs are 529(6559-4440= 2119/4= 529 Slabs) The last quarterly Payment of DA was at 527 Slabs. Hence there is an increase in DA slabs of 2, i.e 529 Slabs for payment of DA for the quarter May, June & July, In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of May, June & July, 2018 shall be 52.90 % of 'pay'. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
S/d,
K.S.Chauhan
Advisor (HR&IR)

Source: http://www.iba.org.in/

Expected DA Bank Employees From May to July 2018

Expected DA

Bank Employees From May to July 2018

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2018	Feb March April	6551	527	52.7
2017	November, December 2017 & January 2018	6505	516	51.6
2017	August September October	6353.21	478	47.8
2017	May June July	6261.91	456	45.6
2017	February March April	6315	469	46.9
2016-17	Nov Dec Jan	6353	478	47.8
2016	Aug Sep Oct	6261.9	455	45.5
2016	May June July	6117	420	42
2016	Feb Mar Apr	6147	426	42.6
2015-16	Nov Dec Jan	6033	398	39.8
2015	Aug Sep Oct	5896	364	36.4
2015	May Jun Jul	5790.17	738	110.7
2015	Feb Mar Apr	5774.95	734	110.1
2014-15	Nov Dec Jan	5767	732	109.8
2014	Aug Sept Oct	5569.52	683	102.45
2014	May Jun Jul	5432.56	650	97.5
2014	Feb Mar Apr	5501.04	666	99.9
2013-14	Nov Dec Jan	5402.13	641	96.15
2013	Aug Sept Oct	5211.91	593	88.95
2013	May Jun Jul	5082.57	561	84.15
2013	Feb Mar Apr	4976.05	535	80.25
2012-13	Nov Dec Jan	4877	510	76.5
2012	Aug Sept Oct	4709	468	70.2
2012	May June Jul	4549	428	64.2
2012	Feb Mar Apr	4519	420	63

Bonus amendment Act 2015 : Bonus Rate 8.33% of Salary of Bank Employees

Bonus for Bank Employees for the year 2016-17 as per Bonus amendment Act 2015 - Andhra Bank Circular

Andhra Bank
(A Govt. of India Undertaking)
Head Office
HYDERABAD
Department: HUMAN RESOURCES

Circular No.168

Ref No.03/31

Date: 18.8.2017

Reg: Staff - Payment of Bonus - As per Bonus (Amendment), Act 2015. For the Year 2016-17.

Payment of Bonus Act was amended recently. As per the amended provisions the ceiling on salary and wage has been increased from Rs.10000/- to Rs.21000/- per month. As such, employees whose salary/wage does not exceed Rs.21000/- per month are now eligible for bonus.

It has been decided to pay Bonus at the rate of 8.33% of salary to all the eligible employees for the period 01.04.2016 to 31.03.2017.

Salary for this purpose includes 1) Basic pay (including FPP & PQP) 2) Special Pay 3) Dearness Allowance

4) Special Allowance with DA only.
All the branches / offices may note to disburse the Bonus to all the eligible employees as per the procedure given here under:

Tentative list of eligible employees together with Bonus Calculation as per the data extracted from HRMS shall be provided to all Zones.

Zonal Offices should get the data verified and confirm the correctness of eligibility and amount of Bonus paid and payable.

For any modifications required to be undertaken in the list, Zonal Office should submit the details to HO with suitable justification

On receipt of the "Branch-wise difference and addition of Bonus payable details - as per the format given in Annexure-IV" from the Zonal offices, the Bonus Amount will be credited to the "Cheque Proceeds Account" of the Zonal Office for onward distribution to branches.

Branches should enter details of Bonus paid in the Bonus Register for verification by the Labour Department Officials.

The entire exercise of verification of calculation and Payment of Bonus to eligible employees should be completed by 25.09.2017.

For the information of our branches/offices, the important guidelines and illustrations are given in Annexure-I, II and III

All the salary disbursing authorities are advised to go through the contents of this circular carefully and adhere to the stipulations mentioned without any deviation.

(V B BHAGAVATHI)
General Manager (HR)

Download PDF

Expected DA from May 2017 for Bank Employees

Expected DA for Bank Staff from May 2017

Expected DA from May 2017 for Bank Employees

Expected Calculation of Dearness Allowance as per 10th Bipartite Settlement.

Expected DA from May 2017 to July 2017 : We need three months All India Consumer Price Index data to find out  the actual increasing in DA percentage. But, at present we have two months data only. The predicted calculation given below that the CPI(IW)BY 2001=100 increasing one or two points and decreasing one or two points:

Payable for the Year	Payable for the months	Average CPI	No. of slabs	% of pay
2017	May June July	?	?	?
2017	Feb Mar Apr	6315	469	46.9
2016-17	Nov Dec Jan	6353	478	47.8

AICPIN at 272 for the month of March 2017

Jan-17	274	6254.30
Feb-17	274	6254.30
Mar-17	272	6208.64	6239.08	450	45.0	-19.0

AICPIN at 273 for the month of March 2017

Jan-17	274	6254.30
Feb-17	274	6254.30
Mar-17	273	6231.47	6246.69	452	45.2	-17.1

AICPIN at 274 for the month of March 2017

Jan-17	274	6254.30
Feb-17	274	6254.30
Mar-17	274	6254.30	6254.30	454	45.4	-15.2

AICPIN at 275 for the month of March 2017

Jan-17	274	6254.30
Feb-17	274	6254.30
Mar-17	275	6277.12	6261.91	455	45.5	-13.3

AICPIN at 276 for the month of March 2017

Jan-17	274	6254.30
Feb-17	274	6254.30
Mar-17	276	6299.95	6269.51	457	45.7	-11.4

Public Holiday on 19th April, 2017 on account of polling of By-Election, 2017

Election Holiday for Bank Employees on 19.4.2017 - IBA Orders issued
Indian Banks Association

HR & Industrial Relations

No.CIR/HR&IR/H6/2017-18/2534

April 18, 2017

All Members of the Association
(Designated Officers)

Dear Sirs,
Public Holiday on 19th April, 2017 on account of polling of By-Election, 2017

We enclose a copy of notification No. PHD. 1317/346/C.R.64/XXIX dated 10th April, 2017 issued by the Government of Maharashtra declaring Wednesday, the 19th April, 2017 as Public Holiday under the Negotiable Instruments Act, 1881 (XXVI of 1881), on account of polling of By-Election, 2017 in the concerned Municipal Corporation, Zilla Parishads and Panchayat Samiti.
This is for information of members banks.

Yours faithfully,
sd/-
K S Chauhan
Sr. Vice President-HR&IR

Authroity: www.iba.org.in

Click to view the order

Increase in DA for Bank Employees and officers from February 2017- Orders issued

Indian Banks' Association has issued Circular regarding Increase in DA for Bank Employees and officers from February 2017

Indian  Banks' Association

HR & Industrial Relations
No.CIR/HR&IR/76/D/2016-1711996

February 1, 2017

All Members  of the Association
(Designated  Officers)

Dear Sirs,
Dearness  Allowance  for Workmen and Officer Employees  in banks  for the months of February, March  & April  2017 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base1960= 100) for the quarter ended December 2016 are as follows:-

October 2016	6345.60
November 2016	6322.77
December 2016	6277.12

The average CPI of the above is 6315 and accordingly the number of DA slabs are 469(6315-4440= 1875/4= 469  Slabs) The last quarterly Payment of DA was at 478 Slabs.  Hence there is a decrease in DA slabs of 9, i.e 469 Slabs for payment of DA for the quarter February, March & April 2017.

In terms of clause 7 of the 101h  Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of February, March & April  2017 shall be 46.90  % of  'pay'. While arriving at dearness  allowance payable, decimals from third  place  may please  be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers' Service Regulations.

Yours faithfully,
K S Chauhan
Senior Vice President

Source : IBA

Section of bank employees threaten nation-wide strike on Feb 7

Section of bank employees threaten nation-wide strike on Feb 7

New Delhi: A section of bank trade unions have threatened to go on a day-long nation-wide strike on February 7 to press various demands including complete removal of restrictions imposed during demonetisation period and safeguarding the autonomy of the Reserve Bank of India.

"It was expected that the government and the RBI would take necessary steps to mitigate the problems faced by the banks and the public but even now, we find that there is acute shortage of cash supply to the banks with the result that branches are not able to honour even the restricted payment of Rs 24,000/100,000 per week," AIBEA General Secretary C H Venkatachalam said.

Apart from All India Bank Employees’ Association( AIBEA), other unions which will be part of the strike are All India Bank Officers’ Association (AIBOA) and Bank Employees Federation of India.
Unions are also demanding publishing names of individuals who have defaulted in paying loans of Rs 1 crore and above so that stringent measures could be taken to recover bad loans.

Other demands of banks include ensuring autonomy of RBI in cash management, compensation to family of general public, bank customers and bank staff who lost their lives in the demonetisation aftermath and payment of overtime to employees and officers for their additional effort during the 50-day demonetisation period.

He added that the government is interfering by appointing officials to monitor cash management which is affecting the autonomy of RBI. Cash management falls under the sole jurisdiction of RBI, he said.
"Humiliated" by the events since demonetisation, even RBI employees had written to Governor Urjit Patel protesting the operational "mismanagement" of the note ban exercise and the government impinging the apex bank’s autonomy.

In a letter, the employees said that the autonomy and image of RBI has been "dented beyond repair" due to mismanagement and termed the appointment of a senior Finance Ministry official for currency coordination as a "blatant encroachment" of the RBI's exclusive turf.

PTI

State Bank of India will grant special leave of two days to its employees

State Bank to grant two-day special leave to employees

State Bank of India will grant special leave of two days to its employees as reward for having taken additional stress since November 8 when demonetisation was announced.

Employees would be able to avail this leave any time until March 2018, said SBI Chairman Arundhati Bhattacharya in Mumbai on Wednesday.

"Our employees will get rewarded, I am sure. We are looking into what can be done. We have already given overtime wherever it is due."

On the issue of new currency notes being diverted by some bank employees, Bhattacharya clarified that in any system there would be a few bad examples.

She observed that such incidents of Rs.100-200 crore being diverted to a select few had created doubts in the minds of people. The banking sector had dispensed Rs.7 lakh crore worth of money in the system during this period. But those who are guilty of such malpractices will be dealt in accordance with law, she said.

Bankers have been going about their job silently and without being given credit for implementing such a challenging task, she said.

They had been putting in late hours and many could not go home in the initial few days, she said.
The SBI chief said that there were checks and balances in place but if checks were tightened further, banks would not be able to serve their customers.

SBI was using analytics to ascertain the number of notes received by the bank versus the number issued to customers, besides reporting suspicious transactions on a daily basis, Bhattacharya said.

Source : The Hindu

DA for bank employees for the months of November, December 2016 & January 2017: IBA Orders

IBA Circulars on Dearness Allowance for the months of Nov, Dec and Jan 2017

Indian Banks Association
HR Industrial Relations

No.CIR/HR&IR/76D/2016-17/1338

November 1, 2016

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance Workmen and Officer Employees in banks for the months of November, December 2016 & January 2017 under X BPS/Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960-100) for the quarter ended September 2016 are as follows:-

July 2016 : 6391.25

Aug 2016 : 6345.60

Sep 2016 :  6322.77

The average CPI of the above is 653 and accordingly the number of slabs are 478(6353-4440 1913/4 478 Slabs). The last quarterly Payment of DA was at 455 Slabs. Hence there is an increase in DA slabs of 23, i.e.478 Slabs for payment of DA for the quarter Nov, Dec 2016 and January 2017.

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Nov, Dec 2016 & January 2017 shall be 47.80 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully

sd/-
K.S.Chauhan
Senior Vice President

Authority: http://www.iba.org.in/
Click to view the order

DA for Bank Employees from Aug 2016 – IBA orders

DA for bank employees – Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of August, September & October 2016

DA for Bank employees for the months from August, September and October 2016 has been announced.

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2016-17/768

August  1,  2016

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2016 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Basel 960 -100) for the quarter ended June 2016 are as follows:-

April	2016	6185.82
May	2016	6277.12
June	2016	6322.77

The average CPI of the above is 6261.90 and accordingly the number of DA slabs are 455 (6261.90-4440 1821.90/4= 455 Slabs) The last quarterly Payment of DA was at 420 Slabs. Hence there is an increase in DA slabs of 35, i.e 455 Slabs for payment of DA for the quarter Aug, Sep & Oct 2016.

n terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Aug, Sep & Oct 2016 shall be 45.50% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

K S Chauhan
Senior Vice President

Download Circular No.CIR/HR&IR/76/D/2016-17/768 dated 01.08.2016

Dearness Relief for Bank Pensioners from August 2016

Dearness Relief payable to Pensioners for the period August 2016 to January 2017

IBA circular on Dearness Relief for Bank Pensioners.

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2016-17 /772

August 1, 2016

Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension

Dear Sirs,
Dearness Relief payable to Pensioners for the period August 2016 to January 2017 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended June, 2016 are as follows:-

Apr 2016	6185.82
May 2016	6277.12
Jun 2016	6322.77

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period August 2016 to January 2017 as per Annexure.

Yours faithfully,

K S Chauhan

Senior Vice President

Indian Banks’ Association

PART-I
Dearness Relief to pensioners who retired on or after 1st day of January,1986, but before the 1st day of November,199211st July, 1993
BASIC PENSION	Dearness relief for the months	Slabs
	Auaust 2016 to January 2017	1415
	Average Index	6261
(i)	Upto Rs.1250	948.05 per cent.
(ii)	Rs.1251 to Rs.2000	Rs. 11850.62 plus 778.25 percent of basic pension in excess of Rs.1250.00
(iii)	Rs.2001 to Rs.2130	Rs.17687.49 plus 466.95 percent of basic pension in excess of Rs.2000.00
(iv)	Above Rs.2130	Rs. 18294.52 plus 240.55 percent of basic pension in excess of Rs.2130.00

PART-II
Dearness Relief to pensioners who retired on or after 1st day of November,1992  / 1st July, 1993
BASIC PENSION	Dearness relief for the months	Slabs
	Auaust 2016 to January 2017	1278
	Average Index	6261
(i)	Upto Rs.2400	948.05 per cent.
(ii)	Rs.2401 to Rs.3850	Rs.10735.20 plus 370.62 percent of basic pension in excess of Rs.2400.00
(iii)	Rs.3851  to Rs.4100	Rs. 16109.19 plus 217.26 percent of basic pension in excess of Rs.3850.00
(iv)	Above Rs.4100	Rs.16652.34 plus 115.02 percent of basic pension in excess of Rs.4100.00

PART-III
Dearness Relief to pensioners who retired on or after 1st day of April, 1998.
BASIC PENSION	Dearness relief for the months	Slabs
	Auaust 2016 to January 2017	1144
	Average Index	6261
(i)	Upto Rs.3550	274.56 per cent.
(ii)	Rs.3551 to Rs.5650	Rs. 9746.88 plus 228.8 percent of basic pension in excess of Rs.3550.00
(iii)	Rs.5651 to Rs.6010	Rs. 14551.68 plus 137.28 percent of basic pension in excess of Rs.5650.00
(iv)	Above Rs.6010	Rs. 15045.88 plus 68.64 percent of basic pension in excess of Rs.6010.00

PART-IV
Dearness Relief to pensioners who retired on or after 1st day of November, 2002.
Average Index (CPI) for quarter ended June 2016	6261
No. of Slabs	993
Rate of dearness relief on pension for the months August 2016 to January 2017	178.74 % of basic pension

PART-V
Dearness Relief to pensioners who retired on or after 1st day of November, 2007.
Average Index (CPI) for quarter ended June 2016	6261
No. of Slabs	856
Rate of dearness relief on pension for the months August 2016 to January 2017	128.40% of basic pension

PART-VI
Dearness Relief to pensioners who retired on or after 1st day of November, 2012
Average Index (CPI) for quarter ended June 2016	6261
No. of Slabs	455
Rate of dearness relief on pension for the months August 2016 to January 2017	45.50% of basic pension

Download IBA Circular No.CIR/HR&IR/D/G2/2016-17 /772 dated 01.08.2016

Bank employees to observe one-day strike on July 29

Bank employees to observe one-day strike on July 29

Chennai: Public and private sector bank employees have decided to observe a day-long strike on July 29 to oppose the “anti-people” banking reform policies of the Centre, AIBEA said today.

The United Forum of Bank Unions (UFBU) consisting of nine trade unions across the country representing 10 lakh bank employees and officers would observe the strike.

They are pressing for various demands including not to privatise public sector banks and increase private capital in such banks, and also protesting against FDI in banking sector.

Besides, the unions oppose move to privatise regional rural banks, co-operative banks, consolidate and merging banks among others, All India Bank Employees Association (AIBEA) General Secretary C H Venkatachalam said in a statement.

The decision to go on strike was taken at the meeting here organised by UFBU.

PTI

3,40,000 Bank Employees Go on a Strike on January 8

Around 340,000 bank employees across the country would strike work on January 8 to protest the violation of bilateral settlement by the five associate banks of the State Bank of India (SBI), a top leader of All India Bank Employees’ Association (AIBEA) said.

3,40,000 Bank Employees Go on a Strike on January 8 – The five associate banks of the SBI are State Bank of Mysore, State Bank of Patiala, State Bank of Hyderabad and State Bank of Bikaner and Jaipur.
Chennai – Around 340,000 bank employees across the country would strike work on January 8 to protest the violation of bilateral settlement by the five associate banks of the State Bank of India (SBI), a top leader of All India Bank Employees’ Association (AIBEA) said here.

The five associate banks of the SBI are State Bank of Mysore, State Bank of Patiala, State Bank of Hyderabad and State Bank of Bikaner and Jaipur.

“Nearly 340,000 bankers would strike work on January 8. The strike is to protest against the violation of bilateral settlement by the five associate banks of SBI and their attempt to force unilateral service conditions on employees,” CH Venkatachalam, AIBEA general secretary, told IANS here on Monday.

According to him, it is the AIBEA that has given the strike call.

Explaining the rationale behind the strike call, Venkatachalam said the service conditions in the SBI are different and based on the agreement between the SBI management and the employees’ union.

On the other hand, the service conditions of the five SBI associate banks are common with those of other banks.

“In May 2015, a common settlement was signed between Indian Banks’ Association (IBA-management body) and All India Bank Employees’ Association (AIBEA) which defined the duties and remuneration of the employees for undertaking various jobs in the banks,” Venkatachalam said.

He said the five SBI associate banks are parties to the settlement and hence governed by the settlement terms.

“But the managements of the five associate banks are implementing the service conditions of the SBI, which is illegal and violation of the settlement,” he said.

Asked why the strike has been called early in the year, he said the union had deferred the strike call given for December 1 and 2, 2015, on the intervention of deputy chief labour commissioner, Delhi.

“The bank management is forcing its rules without any discussion with the unions from the New Year onwards and hence we are forced to respond,” Venkatachalam said.

Source: Profit NDTV

Bank Employees to Get 34 Slabs Increase in DA for the Next Quarter

Bank Employees to Get 34 Slabs Increase in DA for the Next Quarter

Bank Employees to Get 34 Slabs Increase in DA for the Next Quarter – Accordingly Bank workmen/Officers will have 34 slabs increase in DA payable for next quarter Nov to Jan’16 at 39.80%.(3.40% increase from Existing 36.40%)

With the two point increase of All India Consumer Price Index Numbers (AICPIN) for the month of SEPTEMBER ’15, which stood at 266 points , Bank employees will get hefty increase of 34 slabs of D.A. for Nov’15 to Jan’16 quarter.

Accordingly Bank workmen/Officers will have 34 slabs increase in DA payable for next quarter Nov to Jan’16 at 39.80%.(3.40% increase from Existing 36.40%)

“DA for Nov 2015 increase of 3.4% means increase of 34 Slabs. Now Total DA will be 39.80 %” the Vice President of NOBW Mr.Ashwani Rana said.

Index numbers are yet to be updated in official website of labour ministry.

we have three months data

• July 2015 263 (6003.21)
• August 2015 264 (6026.04)
• September 266 (6071.69)

As of now based on the above data 30 slabs or 3.00% is sure.

Source: NOBW

Bank Staff: Higher House Rent Allowance as per 2011 Census

Bank Staff: Higher House Rent Allowance as per 2011 Census

AIBEA Circular

Date : 6th July, 2015

Dear Comrades,

HOUSE RENT ALLOWANCE AS PER 2011 CENSUS

Recently Government of India has issued the Gazette notification for the Census as of 2011. It is the 15th Census in India beginning from 1872 and 7th since our independence.
Some data from the Census:

• Population as per this Census in 2011: 121,01,93,422
• Rank: No. 2 with 17.5% of world population ( 1st is China: 19%)
• No. of Districts: 640
• Most populace State : UP
• Least populous State: Sikkim
• Most populated metro : Mumbai : 1,84,14,288
• Most Literate State : Kerala ( 94 %)
• Least Literate State : Bihar ( 64 %)
• Sex Ratio : 940 Female : 1000 Male
• Literacy of Male : 82.14 %
• Literacy of Female : 65.46 %
• Highest populace District: Thane, Mumbai
• 100 % Literacy District : Palakkad, Kerala
• 100 % Banking State : Kerala
• 100 % Banking District : Palakkad
• Increase in population from last census in 2001 to 2011: 18.1 crore

Some disturbing facts:

• Total household: 24.39 cr; Rural households accounted for 17.91 cr (73%)
• 30 % of Indian rural households doesn’t have land and depend on casual labor for subsistence.
• As many as 2.37 crore (one in eight) families in villages live in houses of one room with ‘kaccha’ walls and roof.
• 23.52 % rural families have no literate adult above 25 years
• 74 % of the rural households survived on a monthly income of less than Rs 5,000 of its highest earner
• 51 % of the households are engaged in casual, manual labour and 30 % in cultivation.
• 7 in 10 homes in rural live on less than Rs 200 a day
• 18.06 lakh people are still engaged in manual scavenging
• Households with destitutes or those living on alms is over 6.68 lakh
• As many as 4.08 lakh households rely on rag-picking.

Higher HRA for bank employees: Employees in the below-mentioned upgraded centres would get the revised/higher HRA rates and receive the arrears from 2011.

45 lacs and above HRA will be paid at 10%	Surat, Pune
12 to 45 lacs HRA will be paid at 9%	Asansol, Vijayawada, Rajkot, Faridabad, Srinagar, Jamshedpur, Kannur, Trivandrum, Mallapuram, Thrissur, Kozhikode, Jabalpur, Vasai-Virar, Nasik, Allahabad, Meerut, Ghaziabad,
5 to 12 lacs HRA will be paid at 7.5%	Nellore, Kollam, Gulbarga, Ujain, Nanded Waghala, Malegaon, Sangli, Rourkela, Erode, Saharanpur, Noida, Firozabad, Jhansi, Siliguri, Durgapur.

In addition, in various towns and cities, number of small places in the outskirts have been brought as part of the bigger town/city/UA and such places would also attract the higher HRA of the concerned town/city/Urban Agglomeration.

Source: http://banknewskumar.blogspot.in

10th Bank Wage Settlement Stagnation Increment - Clarification

10th Bank Wage Settlement Stagnation Increment - Clarification

IBA  carries out amendment regarding stagnation increment in Clause 40 of Bank Wage Settlement dated 25.05.2015

IBA clarifies on Stagnation Increment under 10th Bank Wage Settlement for Bank Employees

Indian Bank’s Association
HR & Industrial Relations

No. CIR/HR&IR/XBPS/KU/919

June 16, 2015

Designation Officers of Banks which are parties to the 10th Bipartite Settlement/Workmen Union dated 25.5.2016

Dear Sir,

Stagnation Increment

Under the recently signed 10th Bipartite Settlement, it has been agreed that employees shall be eligible for 8th stagnation increment on 1st May, 2015 or two years after receiving stagnation increment, whichever is later.

It has been further agreed that the period of 3 years shall be reduced to 2 years for sanction of 6th stagnation increment.  Accordingly it has bee provided in the Settlement that an employee who has completed two years or more after receiving the fifth stagnation increment as on 1st November, 2012 shall receive the sixth stagnation increment as on 1st November, 2012.

In this connection, we advise that the financial benefit on account of this reduction of eligibility from 3 to 2 years for sanction of the 6th stagnation increment shall accrue on or after 1.5.2015 since the additional cost of such reduction in periodicity from 3 to 2 years has been adjusted at 50% of the actual cost and hence to be effective from 1.5.2015 (30 months out of 60 months of the period of the Settlement).

However under clause 40 of the settlement dated 25.5.2015 in ‘Implementation’ it has inadvertently mentioned as under:-

Stagnation Increment – 8th     1st May, 2015

In view of the adjustment of cost as 50% of the total cost towards improvements in stagnation increment/s this needs to be corrected and read as under:

3     Stagnation Increment improvements (5th to 6th & 7th to 8th Stagnation increment)     1st May, 2015

Member banks may kindly take a note of the above.

 

Yours faithfully,
K. Unnikrishnan
 Dy. Chief Executive

Download IBA Circular No. No. CIR/HR&IR/XBPS/KU/919 dated 16.06.2015

Bank Employees Announce Strike on 24.6.2015

Bank Employees Announce Strike on 24.6.2015

The Public Sector Bank Employees Union has proposed a one-day strike on the 24th of this month, demanding the fulfillment of their various demands. The All India Bank Employees Union has expressed its support for the strike.

Since State Bank of India and all its other associate banks, including the State Bank of Bikaner and Jaipur, the State Bank of Travancore, and the State Bank of Hyderabad, come under the Public Sector Bank Employees Union, the one-day strike is very likely to cripple money transactions on the day of the protests.

Demands:

• De-link Associate Banks from SBI
• Do not curb trade union right of representation
• Vacate attacks on trade union in SBBJ
• Extend compassionate appointment scheme as per Government guidelines.
• Increase quantum of staff housing loan.
• Recruitment of sub staff and part time employees
• Resolve pending demands
• Do not impose SBI service condition and career progression in Associate Banks

Source: cgemployeesnews.in