United Forum of Bank Unions, the umbrella organisation of nine leading bank associations, demanded 20 per cent wage hike on pay slip components, as articulated by IBA in its letter, a copy of which is in ET's possession. The protracted 11th bipartite wage settlement negotiations between bank unions and the Indian Banks’ Association (IBA) concluded on Wednesday, with both sides agreeing to an annual wage … Posts. Non-Subordinate Staff - Basic Pay Chart revised from 1 to 9 Bipartite Settlements ; Subordinate Staff - Basic Pay Chart revised from 1 to 9 Bipartite Settlements : History of Bank Employees Wage / Salary Revision / Bipartite Settlements; Pay Fixation of Ex-Servicemen Employed in Public Sector Bank … Bank Employees salary revision is due from November 1, 2017. This is for the officers and all the staffs of the SBI. We have added complete details about this bank wage revision latest news 2020. Bank Wages Revision: Final Meeting of BPS negotiations notice by IBA – Meeting at IBA Committee Room on 9th November, 2020 at 11.30 a.m. Indian Banks’ Association. What results this calculator displays? Tweet on Twitter. 5. Then, the Special Allowance with applicable D.A. So, the whole D.A. Dearness Allowance for Clerks from November 2020 to January 2021: Dearness Allowance for Substaff from November 2020 to January 2021: Dearness Allowance for Bank Pensioners from August 2020 to January 2021 : Top: Home: Back 4 thoughts on “AIBEA /AIBOA’s Official Arrear Calculation For Bank Employee” Jitan Singh says: June 21, 2015 at 10:06 am. Banker’s believe that their salary are not competitive as per the market scenario. Bank Wage Revision 22 July 2020 – 11th Bipartite Settlement 22nd July 2020 – Bank Staff Get 15% Pay Hike. HR&IR/KSC/ Govt/665/9308 and 9309, dated 11.11.2020, on the above subject. By. Dearness Allowance for Clerks from November 2020 to January 2021, Dearness Allowance for Substaff from November 2020 to January 2021, Dearness Allowance for Bank Pensioners from August 2020 to January 2021, Bank Officers Pay, Dearness Allowance and other allowances payable from November 2020 to January 2021 under revised settlement dated 11.11.2020, Graduation/Professional Qualification Pay--Officers. Hello bankers, This video is about the SBI wage revision provision. Bank officers' salary / wage revision -Joint note dated 11.11.2020. Indian Banks' Association. 2. Many are not happy with the 15% pay bump that will only add ₹1,100 to … admin says: June 21, 2015 at 10:10 am. The wage revision for public sector bank officers, which has been pending since 2017, has been finalised and signed by the Indian Banks’ Association (IBA) … HR&IR/KSC/ Govt/665/9308 and 9309, dated 11.11.2020, on the above subject. Skip to content. The Revised Salary of Bank Employees in officer cadres are, Basic Pay range of officers – Rs.36000 to 129000. Wage Revision; Dearness Allowance; DA Increase Chart for Bank Clerk, Officers, SubStaff, Pensioners, Special Pay Feb 2019. World Trade Centre Complex. The Revised Salary of Bank Employees in officer cadres are. Bank Wage Revision Arrear Calculators Ads by Google . Tenth Bipartite settlement; Bank Holidays. why this much delay ? at 58.40% will be merged with the existing basic pay, at the time of next wage revision. 6th floor, Cuffe Parade. Bank Wage Revision News, Eleventh Bipartite. Indian Banks' Association. 6. Now the IBA and the workmen union has finalized the officer and workmen wage settlement. Latest Banking News - Bank Wage Revision News, Bipartite, etc. 1st scale officers basic pay – Rs.36000 to 63840 (16 annual increments) 2nd scale officers basic pay – Rs.48170 to 69810 (11 annual increments) Basic pay of sub staffs – Rs.14500 to 37145, Approximate gross salary of clerks at the starting scale – Rs.31000, Basic Pay range of officers – Rs.36000 to 129000, 1st scale officers basic pay – Rs.36000 to 63840 (16 annual increments), 2nd scale officers basic pay – Rs.48170 to 69810 (11 annual increments), 3rd scale officers basic pay – Rs.63840 to 78230 (7 annual increments), 4th scale officers basic pay – Rs.76010 to 89890 (6 annual increments), 5th scale officers basic pay – Rs.89890 to 100350 (4 annual increments), 6th scale officers basic pay – Rs.104040 to 116000 (4 annual increments), 7th scale officers basic pay – Rs.116120 to 129000 (4 annual increments), HRA – 9% or 8% or 7% (depends upon the work location), CCA – Rs.1400 (higher cities) and Rs.1150 (lower cities), Approximate gross salary of Officers at the starting scale – Rs.50000. 2. View 66377 job postings in various locations on Job Bank, Canada's one-stop job board. Finally after months of negotiations between the IBA and Bank Unions, a MOI has been signed on July 22, 2020. The Private sector banks that come under the new pay scale of bank employees are, © 2020 All rights reserved. 11th BPS Wage Revision UFBU and IBA agreed on the 15% hike in the payslip cost for bankers in 11th Bipartite Wage Revision meeting. The Indian Banks Association has agreed to a 15% increase in wage bill for public sector banks, a revision that has been pending since 2017. July 20, 2019 July 20, 2019 by Jai. Bank Holidays 2017 in India; Holidays for Bank’s under NI Act … Vijay Mahajan says: July 22, 2020 at 7:02 pm. July 20, 2019 July 20, 2019 by Jai. Wage revision for bank officers and workmen may be done separately 12 Mar, 2019, 06.30 PM IST. Thus, as pointed out earlier, now we have uploaded the Arrears Calculators which have been fine tuned to meet the requirements as per final settlement. Pl.give table for pension updating. Share on Facebook . And this Wage revision will be effective Since November 2012 ,Hence bank employees get their arrear with respect to … admin - February 1, 2019. Mumbai - 400 005. Meeting With IBA -Latest Updates. Bank Wage Revision – XIth Bipartite Settlement – Meeting with IBA on 29.9.2018 September 24, 2018 Read more… Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2018 under X BPS/ Joint Note dated 25.5.2015 August 8, 2018 Read more… BANKNEWS-VIEWS Bank Wage Revision News, Eleventh Bipartite. When the AIBEA proposed the long overdue wage revision for bank employees it was the Prime Minister himself who thundered that bank employees enjoyed best of both the worlds and therefore there was no question of any wage increase for them. Finally, the 10th BPS has been signed and documents giving details of the Pay Scales and Allowances has been released. In the last wage revision also, www.allbankingsolutions.com … Banking Updates Banking News Bank Merger News RBI Circulars Bank Employees News. Expectations were running high that a settlement would be reached on that day as the differences in the wage … The Indian Banks Association (IBA) has decided to hike the salary of bank employees by 15%. 0. Check out the NEW BASIC PAY SALARY CHART … 30 months is the the Average delay in bank wage revision. The Revised Salary of Bank Employees in clerical and sub staff cadres are. 11TH BIPARTITE SETTLEMENT (BPS) in Public Sector Banks is due from 1.11.2017. PSU Bank 2015 Wage Revision Arrear Calculation Table/Chart ; Posted on May 22, 2015 June 21, 2015 Author admin Categories Bank Wage Revision. 11th Bipartite Settlement for Bank employees is due on 01st Nov 2017 but the demand of wage revision as per central government employees are already started among banker’s. Bank Wage Revision 2020 Latest News. There were 20 rounds of negotiations during the last BPS and it was delayed by 30 months. Sir, 1. Bank Wage Revision Arrear Calculators Ads by Google . HR & INDUSTRIAL RELATIONS No. It was decided in the meeting that there will be a hike of 15% on the salary componenet of the employees of the Public Sector Banks along with other benefits. Banking News Updates Bank Wage Settlement News Wage Revision Banking India Updates. Also Read – Simplified – Excel Based Calculator Also Read – Calculate Hiked Salary For … They want their salary as competitive like their peers in private sector banks. ***** In the meeting 12.08.2013 it is decided to merge 4440 points of CPI with Basic pay. 30 months is the the Average delay in bank wage revision. The 11th bipartite settlement is due from November 1, 2017. Nothing is heard about pension updation & improvement in family pension in today’s meeting. Home ; ABOUT US; CONTACT US; DISCLAIMER; DA for Bank Employees; LATEST NEWS; Eleventh Bipartite. Shri Sanjeev K Bandlish Convenor United Forum of Bank Unions (UFBU) & General Secretary National Confederation of Bank Employees C/o State Bank of India, … Bank officer clerical staff salary wage revision calculator 0 0 RAJ KUMARI Wednesday, April 28, 2010 Edit this post We reproduce hereunder Circular No.42 dated the 3rd April 2010 issued by All India State Bank Officers’ Federation, the contents of which are self-explanatory. There were 20 rounds of negotiations during the last BPS and it was delayed by 30 months. AIBEA’s Official Arrears Calculation Chart/Table/Excel for Clerical Staff : The 10th Bipartite Settlement was Signed few days before , as per the Bipartite Settlement wage revision will comes to effect from Mid of June 2015 . Next No MSME Loan will be NPA Till 31st March 2020. Menu. The Bank officers wage revision is pending since 2017. Skip to primary content. Calculate Expected Salary & Arrears on Revision of Salary under 11th Bipartite Wage Revision (11th BPS) ... How To Block SyndUPI - UPI Services of Syndicate Bank Through SMS? thereon (introduced in 10th BPS) is also to be merged with the existing basic pay. Bank Wage Revision 2020 - New Basic Pay was arrived at after merging 47.8% of DA i.e. It displays monthwise expected revised Basic Pay, Gross Salary from Nov'17 and expected amount of arrear payable on the basis of your inputs with salary paid to you from from Nov'97. A detailed joint note on the 11th bipartite settlement will be drawn and finalized within the next 90 days.It will give more clarity on the points that reached consensus mutually. Read breaking stories and opinion articles on bank-wage-revision at Firstpost Sir, 1. Featured November 03, 2020 NEW BASIC PAY SALARY CHART FOR BANKS AS PER 11 BPS SETTLEMENT MOI 11TH BIPARTITE SETTLEMENT (BPS) in Public Sector Banks is due from 1.11.2017. Reference is invited to Indian Banks' Association's letters no. All bank employees were waiting with bated breath for the outcome of the negotiations on eleventh bipartite wage settlement, plus an additional charter of demands between Indian Banks Association (IBA) and the United Forum of Bank Unions (UFBU), a forum of nine bank unions. Reply. 6th floor, Cuffe Parade. ” K.K.Shrivastava says: July 22, 2020 at 6:19 pm. Your career starts here. Bank officers' salary / wage revision -Joint note dated 11.11.2020. at 6352 points and a loading of 2.5% thereon, thus the new pay structure is Rs.36000/- to Rs.129000/- covering all the seven scales, with effect from 01.11.2017 Primary menu. Basic Pay 1st to 9th BPS - … Banker’s believe that their salary are not competitive as per the market scenario. Centre 1. Centre 1. The 15% hike in the wage bill, applicable from March 31, 2017, is a one-time increase, which will be in place for a period of five years or whenever the next bipartite agreement is under discussion. Sovereign Gold Bond Scheme Series IX open for subscription from December 28, 2020 to January 01, 2021. Search. For other eligible items of salary refer the latest salary settlement dated 11.11.2020. 11th Bipartite Salary Calculator for all the employees of State Bank of India (SBI) - Check your basic pay along with the hike as per the settlement of 11th Bipartite Wage Revision. HR&IR/UFBU/XIBPS/9289 November 5, 2020. Wage revision in public sector banks takes place in every five years. 11th Bipartite Settlement for Bank employees is due on 01st Nov 2017 but the demand of wage revision as per central government employees are already started among banker’s. MERGER AND WAGE REVISION PROCESS!! New Wage rules may cut take-home salaries of the Employees . Moreover issue of special pay merger in basic pay remain untouched. They want their salary as competitive like their peers in private sector banks. Subject: 11th Bipartite Settlement and Joint Note dated 11.11.2020, on wage revision. 11th Bipartite Settlement Expected Salary Chart: The annual wage increase in salary and allowances is agreed at 15% of the wage bill as on 31-3-2017 which works out to Rs.7,898 crores on Payslip components.. Indian Banks’ Association. Tags: 11th BPS 11th BPS Calculator. Subject: 11th Bipartite Settlement and Joint Note dated 11.11.2020, on wage revision. 11th Bipartite Wage settlement latest news.Updates about bankers wage revision and expected salary calculator.Public Sector Bank employees salary revision and bipartite settlement updates. Officers - Basic Pay Chart (Scales of Pay) & Running Pay Scales Chart revised from 1 to 9 Wage Settlements of Bank Officers Staff in Indian Banking Industry NEW - Bank Officer, Clerical, Sub Staff: Pay Scales, PQP, FPP, Special Pay under 11BPS v/s 10 BPS. Finally, the 10th BPS has been signed and documents giving details of the Pay Scales and Allowances has been released. For next wage revision (11 th bipartite settlement), which is already due from 1 st November, 2017, charter of demand has been submitted by UFBU but negotiations are going on. 11th BPS Wage Revision UFBU and IBA agreed on the 15% hike in the payslip cost for bankers in 11th Bipartite Wage Revision meeting. It was decided in the meeting that there will be a hike of 15% on the salary componenet of the employees of the Public Sector Banks along with other benefits. The wage revision for bank employees that has been pending since three years ago has now been finalised. 13611. Check out the NEW BASIC PAY SALARY CHART FOR BANKS' Employees AS PER 11 BPS SETTLEMENT MOI: Also, there will be an increase of maximum 15% (same as of the last wage revision), the basic of Scale-I officer should come to around 42k (The present basic is Rs 23700 for the cadre) after the revision. Made with by IBPSGuide, Daily Current Affairs Quiz – 11th November 2020. UNDERSTANDING D.A. PSU Bank 2015 Wage Revision Arrear Calculation Table/Chart Bank Strike on 28.10.2014 : All Banks Will be Closed on 28th October 2014 Posted on February 25, 2015 June 28, 2015 Author admin Categories Bank Wage Revision Read the full article to know about the Revised Salary of Bank Employees 2020. Latest News on Bank wage revision. Added to wishlist Removed from wishlist 0. The salary of public bank employees will be hiked by 15% and this wage revision will be effective from 1.11.2017, says the official minutes statement released by IBA. Also Read: Improvement of Family Pension and Updation/ Revision of Pension. Related Articles. When we will get our revised salary ? The bank employees are demanding that entire DA as on 01 st November 2017 should be merged with the basic along with the special allowance introduced in the last wage revision. This settlement is applicable to 12 Public Sector Banks and 11 Private Sector Banks. Disbursement of … Only important items of salary shown here. Skip to secondary content. 2 thoughts on “ Banks Wage Revision. Reply. Finally after months of negotiations between the IBA and Bank Unions, a MOI has been signed on July 22, 2020. Dearness Allowance for Clerks from November 2020 to January 2021: Dearness Allowance for Substaff from November 2020 to January 2021: Dearness Allowance for Bank Pensioners from August 2020 to January 2021 : Top: Home: Back And the Government was headed by Morarji Desai as the Prime Minister. DA Increase Chart for Bank Clerk and Substaff Feb 2019. IBA says wage hike offer 'adequate', to meet bank union leaders on Jan 30 30 Jan, 2020, 04.34 PM IST. Here we provide you the Revised Salary of Bank Employees. Mumbai - 400 005. Reference is invited to Indian Banks' Association's letters no. Thus, as pointed out earlier, now we have uploaded the Arrears Calculators which have been fine tuned to meet the requirements as per final settlement. Breaking News. 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