Important Banking News: Way To Calculate Arrear For Bankers

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.10/VI/2015

May 20, 2015

Camp: Mumbai

All UNITS / STATE COMMITTEES

Dear Comrades,

· Understanding reached on financial components of wage revision.

· 7^th Joint Note to be inked on 25^th May 2015 at Mumbai.

Today, the penultimate round on the current wage revision was held at IBA Office, Cuffe Parade, Mumbai at 2.30 p.m. The IBA team was led by Shri Arun Tiwari, CMD, Union Bank, Shri Ashwini Mehra, DMD, SBI, Shri M. V. Tanksale, CEO, IBA, Shri K. Unnikrishnan, Dy. CEO, IBA, Shri K. S. Chauhan, Vice President, HR & IR, IBA besides the support team of IBA.

Preceding the discussions, there was a preliminary round in which Com. Alok Khare, Vice Chairman, besides the undersigned with the other organizational representatives participated in the exercise.

CEO, IBA while welcoming the representatives of the officers organisations expressed his happiness in the matter of reaching the understandings on distribution of the financial benefits to the officers based on the MOU inked on 23^rd February 2015. He emphasized the need to protect and promote the public sector banks image in the eyes of the common man of the country. He also expressed the need to take forward the message of building a sense of belonging to the members of the officers’ community. Shri Arun Tiwari, CMD, UBI was categorical that the work force needs to be satisfied first through whom the image building and the involvement to build the public sector banks would become possible. Representatives of the Four officers organisations responded positively to the observations and expressions made by the members of the IBA team. The agreed load was distributed amongst the pay slip components through mutual discussion and the chart of allocation was signed by the both the parties. The details are as under :

1. Basic Pay

Scale I -23700 - 980(7) – 30560 -1145(2)-32850-1310(7)-42020

Scale II-31705-1145(1)-32850-1310(10)-45950

Scale III-42020-1310(5)-48570-1460(2)-51490

Scale IV-50030-1460(4)-55870-1650(2)-59170

Scale V- 59170 -1650(2)-62470-1800(2)-66070

Scale VI- 68680-1960(4)-76520

Scale VII - 76520-2120(4)-85000

2. Dearness Allowance - @0.10% per slab above CPI 4440 currently - 33.70%

3. Addl Stagnation increment - Scale II – 1, Scale III-1, Scale IV-1 (periodicity once in two years)

4. CCA- Higher Area 4% - 870, Lower Area 3% - 600

5. HRA- Major A class – 9%, Area I – 8%, other places -7%

6. Medical Aid - Scale I to III – Rs.8000, Scale IV and above – Rs. 9050

7. Special Allowance - Scale I to III – 7.75%, Iv & V – 10%, VI & VII – 11% (it attracts Dearness Allowance)

The approval related to holidays on 2^nd & 4^th Saturdays is pending with Government Authorities for their approval and notification. Comrades, efforts are taken to give true reflection of the above in the joint note coupled with particulars related to other service conditions too. Various suggestions have been made by officers’ organizations to IBA on these matters.

We shall convey the full details of the joint notes once the same is finally inked on 25^th May 2015 at Mumbai.

Yours Comradely,

/S.NAGARAJAN/

GENERAL SECRETARY

Below are Links for Calculation of Arrear as Per Xth Bipartite Settlement

Click Here To Calculate Arrear

( Subject to signing of final Joint Official Note)

(a) Tentative Pay Scales, DA and Other Allowances for Workmen

(b) Tentative Pay Scales, DA and Other Allowances for Officers

WAGE REVISION HIGHLIGHTS
&
ARREARS CALCULATION SHEET

Our views submitted to IBA onDraft Medical SchemeClick HERE to view

ALL INDIA BANK OFFICERS’ CONFEDERATION

(Registered under the Trade Unions Act 1926, Registration No.:3427/Delhi)
C/o Bank of India, Parliament Street Branch
PTI Building, 4, Parliament Street, New Delhi: 110001
Phone: 011-23730096 Tel/Fax 23719431
E-Mail: aiboc.sectt@gmail.com

Circular No. 2015/24 (Revised) Dated: 20/05/2015

To All Affiliates/State Units/Members

Dear Comrades,

HEARTIEST CONGRATULATIONS !
COST SHEET/ DISTRIBUTION SHEET FOR OFFICERS UNDER 10^TH BIPARTITE SETTLEMENT SIGNED

We congratulate all our members, as we are nearing finality in respect of our tenth Bipartite Settlement, which could not have been possible, without the collective strength of us all. Our members are aware that the challenges this time were many folds, the conditions were not conducive and it would not be an exaggeration to say that there had been resistance even from within, i.e. from some of the constituents, which could be due to different perception. However, after several rounds of talks held between the Negotiating Committee of Indian Banks’ Association (IBA) representing the Managements of banks with the Authorised Representatives of the Officers’ Associations on salary revision and other issues concerning service conditions for officers in Banks, a consensus has been reached over the construction of Payscale, documented and signed today.

By signing of Cost sheet/ Distribution Sheet for 10^th Bipartite Settlement covering Payslip Component, clarity has emerged for our future stand and actions.

Salient features of the Cost Sheet/ Distribution sheet signed today with regard to Payslip Component are as follows:

1. Scales Of Pay:

Scale I -	23700	980	30560	1145	32850	1310	42020
		7		2		7
Scale II -	31705	1145	32850	1310	45950
		1		10
Scale III -	42020	1310	48570	1460	51490
		5		2
Scale IV -	50030	1460	55870	1650	59170
		4		2
Scale V -	59170	1650	62470	1800	66070
		2		2
Scale VI -	68680	1960	76520
		4
Scale VII -	76520	2120	85000

2. 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.

3. One additional stagnation increment for Scale II and III payable two years after the last stagnation increment drawn or from 01.11.2012, whichever is later and one stagnation increment for Scale IV are the special feature of this settlement

4. House Rent Allowance (w.e.f. 1.11.2012)

	AREA	RATE
	Major “A” Class Cities and Project Area Centres in Group A	9 % of Pay
	Other places in Area I and Project Area Centres in Group B	8% of Pay
	All Other places	7% of Pay

5. CCA: The maximum amount has been raised from Rs. 540 to Rs. 870, Rs. 375 to Rs. 600, for Area 1 and State of Goa and for Rest, respectively, without any change in the percentage

6. FPP: increment component of FPP has been increased from the range of 800/900/1000/1100/1200/1300 to Rs. 1310/1460/1650/1800/1960/2120, plus DA as applicable

7. PQP: raised from Rs. 410 to Rs. 670, and from Rs.1030 to Rs. 1680

8. Special Allowance : With effect from 1.11.2012, officers shall be paid D.A. carrying 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

9. Medical Aid: Officers in JMG & MMG Scales– Rs. 8,000 /-p.a.
Officers in SMG & TEG Scales – Rs. 9,050/-p.a.

10. Date of Effect: 01.11.2012

Regarding two Saturdays off, RBI has conveyed its NOC, which has been forwarded by IBA with its recommendations to the Government. Its implementation may take some time due to the technicalities involved. The matter is being continuously pursued by us.

Joint Note will be signed on 25^th May, 2015. The details of other benefits, allowances etc. will be circulated to you immediately thereafter.

With comradely greetings,

Yours comradely,

(HARVINDER SINGH)
GENERAL SECRETARY

Re

Dear Comrade,

Please find attached our revised Circular No. 2015/24, advising the correct CCA and Medical Aid figures. This is for your information and circulation.

Please circulate the revised circular only.

With warm greetings,

Harvinder Singh
General Secretary
AIBOC

Attachments area