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Thursday, May 21, 2015

Way To Calculate Arrear For Bankers

ALL INDIA BANK OFFICERS’ ASSOCIATION
 
 
Circular No.10/VI/2015
May 20, 2015
 
Camp: Mumbai
 
To
 
All  UNITS / STATE COMMITTEES
           
                                                             
Dear Comrades,
 
·        Understanding reached on financial components of wage revision.
·        7th Joint Note to be inked on 25th 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 23rd 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 2nd & 4th 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 25th 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
 
 
 
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 10TH 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 10th 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







 
                                       4
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 25th 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



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