Subject :Strike Notice on 2nd Sept.2015
News Dated: 2015-08-28
To all comrades
Strike notice on 2nd september 2015
In banking industry, AIBEA-AIBOA-INBEC-INBEF-NOBW-NOBO along with other organizations in RRB and Coperative sector have unanimously decided to observe All India strike on 2nd September’2015 on the following issues:
1) Against the anti-worker, anti-people and pro corporate policies of the Central Government.
2) Against adverse amendments to labour laws
3) Against retrograde banking reforms, attacks on Trade Union rights and demands of bank employees and bank officers.
4) In support of the demands of Central Trade Unions
To ensure memorable success of the trade unions:
1) The second officers and other key holders of the branch should inform the branch head about their participation in the strike on 02.09.2015 and request them to make arrangements to collect the keys from them. The keys are to be handed over with proper acknowledgement.
2) The Branch Manager should in turn inform the Controlling office to make arrangements to collect the keys from the branch.
All out efforts and cooperation from all members are required to protect our future and combat the imminent dangers looming large in the banking industry as well as the Indian economy as a whole
Subject :7th wage revision to officers with effect from 2012
News Dated: 2015-05-25
All CEC/CC/Regional Secretaries
Thirty one months of long journey commenced on 30th October’2012 has ultimately ended by signing the 7th Joint Note in the banking industry at Mumbai on date, benefitting 304090 officers. The concluding occasion on finalization of the wage revision and service conditions of the bank employees was ended with a happy note with the expectation to protect, preserve and promote the Public Sector Banks and work towards strengthening and raising the standard of participation of the banks in nation building exercises and restricting and reducing the alarming increase of NPA in the banking industry.
The salient features of the Joint Note signed are:
a) A minimum of 9.75% uniform increase has been ensured to all officers in the industry.
b) The frozen CCA of earlier Joint Note has been enhanced this time.
c) The quantum of HRA has automatically been enhanced due to huge rise in Basic Pay. Still 0.5% has been increased in all three areas, benefitting 55% officers in the industry.
d) There is increase in FPA, PQP and Medical aid available yearly.
e) To quench the thirst of new generation bank employees and to initiate new life balancing exercise, 2nd and 4th Saturdays will be declared as holidays, thus giving a final shape to the long pending demand of AIBOA for introducing Regulated Working hours and 5 days a week.
f) Insurance backed hospitalization scheme will be introduced as a part of this settlement.
g) A per capita increase of Rs80720/ per annum has been ensured.
h) The issues raised on behalf of the retirees has not been progressed well but a record of proceedings was signed by all negotiating unions to work out the ways and means to address the pressing problems.
i) IBA has agreed to advise the banks to release the arrears equal to the net amount payable to the bank employees on adhoc basis from 01.11.2012 to 31.05.2015 pending final adjustment of the same.
AIBOA Secretariat has decided to call upon the officers for payment of 4% levy after tax to be shared equally between Regional Councils, Central Councils of individual banks, AIBOA State units and AIBOA Central Committee. The Regional Councils must not send any remittance directly to any unit. The entire amount of 4% has to be remitted to the Central Council immediately on receipt of the arrear amount without waiting for any reminder from the Central Council. Apart from that, an amount of Rs 1000/ per member has to be remitted for onward payment to AIBOA Central Committee for unorganized sector.
With best wishes,
Ashim Kumar Dutta
Highlights of the 7th Joint-Note signed with IBA on Officers
Wage Revision (25-5-2015)
1) Scales of Pay
Scale I - 23700 980 30560 1145 32850 1300 41940
7 2 7
Scale II - 31705 1145 32850 1310 45950
Scale III - 42200 1310 48570 1460 51490
Scale IV - 50030 1460 55870 1650 59170
Scale V - 59170 1650 62470 1800 66070
Scale VI - 68680 1960 77520
Scale VII - 76520 2120 85000
Fitment shall be stage-to-stage, i.e. on corresponding stages from 1st stage onwards and the
increments shall fall on the anniversary date as usual.
2) Stagnation Increments
a. Officers in JM Grade Scale I who have moved to scale of pay for MMG Scale II in terms of
Regulation 5(b) after reaching maximum of the higher scale shall be eligible for four stagnation
increments for every three completed years of service of which first two shall be ₹ 1310/- each and next two ₹ 1460/- each.
b. Officers in MMG Scale II who have moved to scale of pay for MMG Scale III in terms of Regulation 5(b) after reaching maximum of higher scale shall be eligible for three stagnation increments of 1460 /- each for every three completed years of service and a fourth stagnation increment of 1,460/- two years after receipt of third stagnation increment.
Provided that officers who have completed two years or more after receipt of the third stagnation increment as on 1.11.2012 will get the fourth stagnation increment with effect from 1.5.2015
c. Officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III shall be eligible for four stagnation increments of Rs.1460/- each for every three completed years of service and a fifth stagnation increment of ₹ 1,460/- two years after receipt of fourth stagnation increment provided that the officers who have completed two years after receipt of the fourth stagnation increment as on 1.11.2012 will get the fifth stagnation increment w.e.f 1.5.2015.
3) Dearness Allowance
On and from 1.11.2012, Dearness Allowance shall be payable for every rise or fall of four points
over 4440 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100 at 0.10% of Pay.
4) House Rent Allowance (w.e.f. 1.11.2012)
i) Major “A” Class Cities and Project Area Centres in Group A 9 % of Pay
ii) Other places in Area I and Project Area Centres in Group B 8% of Pay
iii) Other places 7% of Pay
Provided that if an officer produces a rent receipt, the House Rent Allowance payable to him/her
shall be the actual rent paid by him/her for the residential accommodation in excess over 0.75% of Pay in the first stage of the Scale of Pay in which he/she is placed with a maximum of 150% of the House Rent Allowance payable as per aforesaid rates mentioned in Column II above.
Note: The claims of officer employees for House Rent Allowance linked to the cost of their
ownership accommodation shall also be restricted to 150% of House Rent Allowance as hitherto.
5) City Compensatory Allowance (w.e.f. 1.11.2012)
6) Special Allowance (w.e.f. 1.11.2012)
With effect from 1.11.2012, officers shall be paid Special Allowance as under:
Scale I-III - 7.75% of Basic Pay + applicable Dearness Allowance thereon
Scale IV-V - 10% of Basic Pay + applicable Dearness Allowance thereon
Scale VI-VII- 11% of Basic Pay + applicable Dearness Allowance thereon
Note : - The special allowance with applicable DA thereon shall not be reckoned for super annuation benefits. Viz, pension including NPS, PF and Gratuity
7) Provident Fund (w.e.f. 1.11.2012)
(a) The officers who are presently covered under the Bank Employees’ Pension Regulations, 1995/96 shall continue to contribute 10% of the Pay towards Provident Fund, there shall be no matching contribution.
(b) Officers of State Bank of India will continue to be covered by Contributory Provident Fund Scheme as hitherto.
(c) Officers who are presently covered under Contributory Provident Fund Scheme who did not opt for Pension Scheme available under Joint Note dated 27th April, 2010 shall continue under the Contributory Provident Fund Scheme as hitherto.
(d) Officers who are covered under Defined Contributory Pension Scheme, (National Payment System) will contribute 10% of pay plus Dearness Allowance and the bank will make a matching contribution.
8) Medical Aid
On and from 1st November 2012, reimbursement of medical expenses shall be as under :
a) Officers in JMG & MMG Scales–VII 8000/-p.a.
b) Officers in SMG & TEG Scales – VII 9000/-p.a.
Area Rate Maximum Amount
i) Places in Area 1 and in the State of Goa 4% of Basic Pay Rs.900 /- p.m.
ii) Places with population of five lakhs and
over and State Capitals and Chandigarh,
Puducherry and Port Blair
3% of Basic Pay Rs.650/- p.m.
9) Hospitalisation Expenses
In substitution of the clause (9) of the Joint Note dated 27.4/2010, the reimbursement of hospital
expenses under Regulation 24(1) (b) (i) of the officers’ service regulation 1979/1982, shall be as
detailed in Annexure V of this Joint Note, which will be circulated in due course.
10) Recovery of House/Furniture Rent
i. House rent recovery shall be @ 0.75 % of the first stage of the scale of pay in which the officer is placed or the standard rent for the accommodation, whichever is less.
ii. Furniture rent recovery shall be @ 0.15% of the first stage of the scale of pay in which the officer is placed.
11) Fixed Personal Pay (w.e.f. 1.11.2012)
Fixed Personal Pay together with House Rent Allowance shall be at the following rates and shall remain frozen for the entire period of service.
(A) (B) (C)
1310 143 1453
1460 159 1619
1650 180 1830
1800 196 1996
1960 214 2174
2120 231 2351
(i) F.P.P. as indicated in “C” above shall be payable to those officer employees who are provided with bank’s accommodation.
(ii) F.P.P. for officers eligible for House Rent Allowance shall be “A” + “B” plus House Rent Allowance payable on the last increment of the relevant scale of pay.
(iii) The increment component of F.P.P. shall rank for superannuation benefits.
(iv) Only officers who were in the service of the bank on or before 1.11.93 will be eligible for F.P.P one year after reaching the maximum scale of pay they are placed.
12) Professional Qualification Pay (PQP) (w.e.f. 1.11.2012)
(A) Officers shall be eligible for professional qualification pay as under :
(i) Those who have passed only CAIIB – Part I / JAIIB
Rs.670/- p.m. one year after reaching top of the scale.
(ii) Those who have passed both parts of CAIIB –
a ) Rs.670/- p.m. one year after reaching top of the scale.
b) Rs.1680/- p.m. two years after reaching top of the scale.
(B) An Officer employee acquiring JAIIB/CAIIB (either or both parts) qualifications after reaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment of PQP and the release of subsequent installments of PQP shall be with reference to the date of release of first installment of PQP.
13) Other Allowances
(i) Deputation Allowance
From the date of this Joint Note, Deputation Allowance shall be at the following rates:
An officer deputed to serve outside the bank – 7.75% of Pay with a maximum of
An officer deputed to an organization at the same place or to the training establishment of the bank- 4% of Pay with a maximum of Rs.2000/- p.m.
(ii) Hill and Fuel Allowance (w.e.f. 1.11.2012)
(a) Places with an altitude of 1000 metres and above but less than 1500 metres and Mercara
2% of Pay subject to a maximum of Rs.750/-p.m.
(b) Places with an altitude of 1500 metres and above but less than 3000 metres
2.5% of Pay subject to a maximum of Rs.1000/- p.m.
(c) Places with an altitude of 3000 metres and above
5% of Pay subject to a maximum of Rs.2000/- p.m.
(iii) Halting Allowance (w.e.f. 22.5.2015)
Grade/Scale Metro Major A cities Area 1 Other places
Officers in Scale VI & above 1800 1300 1100 950
Officers in Scale IV & V above 1500 1300 1100 950
Officers in Scale I/II/III 1300 1100 950 800
iv) Definition of Family :
For the purpose of medical facilities and for the purpose of leave fare concession, the expression ‘family’ of an employee shall mean -
a) the employee’s spouse, wholly dependent unmarried children (including step children and legally adopted children) wholly dependent physically and mentally challenged brother/ sister with 40% or more disability, widowed daughters and dependent divorced/ separated daughters, sisters including unmarried/ divorced/ abandoned or separated from husband/ widowed sisters as also parents wholly dependent on the employee.
b) The term wholly dependent family member shall mean such member of the family having a monthly income not exceeding Rs.10,000/- p.m. If the income of one of the parents exceeds Rs.10,000/- p.m. or the aggregate income of both the parents exceeds Rs.10,000/- p.m., both the parents shall not be considered as wholly dependent on the officer employee.
c) A married female employee may include her natural parents or parents-in-law under the definition of family, but not both, provided that the parents/parents-in-law are wholly dependent on her.
14) Project Area Allowance
On and from 1st November 2012, Project Area Compensatory Allowance shall be payable at the
following rates :
Project Areas falling in Group A – Rs.400/- p.m.
Project Areas falling in Group B – Rs.350/- p.m.
15) Mid Academic Year Transfer Allowance
On and from 1st June 2015, Mid Academic Year Transfer Allowance shall be payable @ 1100/-p.m. subject to other conditions.
16) Split Duty Allowance
On and from 1st November 2012, Split Duty Allowance shall be payable at @ 200/- p.m.
17) Compensation on Transfer (w.e.f. 1.6.2015)
An officer on transfer will be eligible to draw a lumpsum amount as indicated below for expenses connected with packaging, local transportation, insuring the baggage etc.
Grade/Scale of Officer (* )
Officers in Scale IV and above 20,000/-
Officers in Scale I, II and III 15,000/-
18) Maternity Leave (w.e.f. 1.6.2015)
Maternity leave, which shall be on substantive pay, shall be granted to a female officer for a period not exceeding 6 months on any one occasion and 12 months during the entire period of her service.
19) Paternity Leave
With effect from the date of this Settlement, male officer employees with less than two surviving children shall be eligible for 15 days paternity leave during his wife’s confinement. This leave may be combined with any other kind of leave except casual leave. The leave shall be applied upto 15 days before or upto 6 months from the date of delivery of the child.
In terms of understanding dated 23.2.2015 reached between IBA and Officers’ Association every second and fourth Saturdays of the month will be a holiday and other Saturdays will be full working days. IBA has initiated steps to get clearances from the Reserve Bank of India and Government of India. The change will be effective after approval by the RBI and Notification of the change by the Government of India.
21) Date of Effect
For payment of arrears, the benefits under various provisions as above, shall be from 1st November 2012, unless otherwise specified against the relevant provisions.
Subject :Mou signed for Rs.4725 crores on 10th bipartite settlement
News Dated: 2015-02-23
We are happy to inform that after protracted negotiations, ultimately the understandings have been clinched which are highlighted as follows;
1. Wage revision will be effective retrospectively from 1-11-2012.
2. Annual increase on account of revised Payslip components would Rs. 4725 crores over the wage bill as on 2011-12 i.e. increase of 15%. ( In the last wage revision settlement, this amounted to Rs. 2980 crores).
3. This would mean an apportionment of Rs. 2270 crores for workmen and Rs. 2455 crores for officers.
4. Revised Pay Scales would be constructed by merging DA upto 4440 points of price index and adding another 2% loading thereon i.e. an increase in Basic Pay by around Rs. 60/62 %.
5. 2nd and 4th Saturday of every month would be holiday and the other Saturdays would be full working days.
6. Other issues and demands including pension related issues would be discussed during further negotiations
7. Final Settlement covering all these issues would be completed within the next 90 days.
Subject :Latest information about bipartite talks
News Dated: 2015-01-12
To all members
For recent development in wage revision please go through our circulars in the website.
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