Bank Union Succeeded In Reduction Of Work On Holidays

<<<<<< WE EXPRESS OUR SINCERE GRATITUDE >>>>>>

-------------------------------------------------------------------------
ALL INDIA ALLAHABAD BANK OFFICERS’ FEDERATION
Regn. No. 6171
(Affiliated to A.I.B.O.A.)
-------------------------------Central Office-------------------------
14, India Exchange Place, ( Ist Floor), KOLKATA – 700 001
-----------------------General Secretary’s Office------------------
412, Goyal Nagar , Kanadia Road, Indore- 452018
------------------------------------------------------------------------------
GSO/2014/ 12 Indore / 29/03/2014
The General Manager
Government Business Department ,
Allahabad Bank,
Head Office,
Kolkata.

Dear Sir,
REG: OPENING OF BANK BRANCHES ON AND EXTENDED WORKING HOURS ON 29TH, 30TH AND 31ST MARCH AND CONDUCT OF SPECIAL CLEARINGS AT ALL CLEARING HOUSE ACROSS THE COUNTRY

We express our sincere gratitude to your authority for taking opportune cognizance of our communiqué No. GSO/2014/11 dated 28.03.2014 and issuing instruction to restrict the number of branches to work on Sunday the 30th March to minimum possible.

We trust that our demand for compensation to officers for working till extended working hours and on Sunday/ Holiday is also under consideration.

We have demanded that officers working in the select branches are to be granted compensatory off coupled with monetary compensation which should not be less than the overtime wages payable to workmen employees.

Moreover , RBI, vide its circular DPSS[CHE]/1446/01.02.003/2013-14 dated 28th March 2014 addressed to Officer In-charge, Clearing operation of Banker’s clearing Houses has instructed to conduct the special clearing at all clearing houses across the country on 29th to 31stMarch, 2014.

In effect, even in the select branches, officers are to remain up to midnight on 29.03.2014 and 31.03.2014 and on 30.03.3014 up to 22.00 hrs.

As such a more rationalized compensation package should be considered for concerned officers.

In this regard we enclose herewith the letter addressed by the General Secretary , All India Bank Officers’ Association [AIBOA] to the Chairman , Indian Banks Association and request you to approve the compensation package in line with it.

Yours sincerely,

Arvind Porwal,
General Secretary
Copy : The General Manager, HR, Head Office, Kolkata.
---------------------------------------------------------------------------------

ALL INDIA BANK OFFICERS' ASSOCIATION

IBA:BKS:40:2014 March 29, 2014

The Chairman
Indian Banks Association
World Trade Centre
Cuffe Parade, 6th Floor
MUMBAI-400 005

Sir,

REG: Special Tax collection drive by Government of India through Banks
Rationalisation of the compensation

We have on our hand the RBI circular RBI/2013-14/535 dated 26.03.2014 addressed to all Chairman and Managing Director of all agency Banks to keep select branches open as a regular working day for transacting Government business at key locations based on the volume of transactions upto 08.00 pm on 29th to 31st March 2014, where 31st March 2014 has not been declared as a Public holiday.

2. However, RBI, vide its circular DPSS[CHE]/1446/01.02.003/2013-14 dated 28th March 2014 addressed to Officer In-charge, Clearing operation of Banker’s clearing House at Chennai [BCHC] to conduct the special clearing at all clearing houses across the country on 29th to 31stMarch, 2014 which are as follows.

Presentation clearing Return clearing

29.03.2014 20.00 to 21.00 hrs 22.30 to 23.00 hrs
Combined clearing of Normal and special clearing 21.00 to 22.00 hrs

30.03.2014 17.00 to 18.30 hrs 20.30 to 21.00 hrs
Combined clearing of normal and special clearing 19.30 hrs to 20.00 hrs

31.03.2014 20.00 to 21.00 hrs 22.30 and 23.00 hrs
Combined clearing of normal and special clearing 21.30 to 22.00 hrs

In effect, even in the select branches, officers are to remain till the fate of the return clearing is known [ie;] minimum upto midnight on 29.03.2014 and 31.03.2014 and on 30.03.3014 upto 22.00 hrs.

3. We have demanded that officers working in the select branches are to be granted compensatory off coupled with monetary compensation which should not be less than the overtime wages payable to workmen employees.

4. Bank of India, State Bank of India, Central Bank of India, Canara Bank and Vijaya Bank are considering compensatory off + compensation in various stages with a maximum of Rs.2500/- per day.

5. As the officers are to work beyond 6-1/2 hrs on 29th, 30th and 31st March, 2014, they should be compensated for two days for each day of work in addition and Rs.2500/- as a compensation per day may please be considered. The rationalisation of the facilities need to be addressed immediately and on priority basis. Pending finalisation of rationalisation, we request you to communicate to all Banks to effect the package of compensatory off + Rs.2500/- per day compensation to officers.

Yours faithfully,

/S.NAGARAJAN/
GENERAL SECRETARY