BIPARTITE TALKS WITH IBA ON 31-10-2020 – MOVING TOWARDS FINAL SETTLEMENT
Bank Wages Revision: Bipartite meeting and Moving towards final settlement: Special Pay, Fixed Personal Pay, HRA, Medical Aid, etc. are being finalised AIBEA Circular dated: 2 Nov 2020
Issues like PQP, Special Pay, Fixed Personal Pay, HRA, Medical Aid, etc. are being finalised.
Salary for the month of November 2020 will be disbursed in advance on 11th Nov. on account of Diwali Festival as a special case
Salary for the month of November 2020 will be disbursed in advance on 11th November 2020 on account of Diwali Festival falling on 14th November 2020, as a special case.
Renewal of IBA’s Group Medical Insurance Policy for Retirees – Last date for Submission of Option Extended upto 21 November 2020
Last date for Submission of Option Extended upto: 21.11.2020
Date of debit of Premium: 23.11.2020
For More details: Refer HRMD Circular No.523/2020 dated 02.11.2020
In discussions held on 31st Oct. 2020, Pay Scales have been finalised & broad understanding has been reached on all other items
Also Read: 11th Bipartite Settlement Demands
Also Read: 11th Bipartite Settlement Salary Structure
Also Read: 11th BPS Expected Salary and Allowance
Also Read: 11th BPS Expected Pay Calculation
Discussions Held with IBA on 31st October, 2020
One more round of discussions was held today between IBA and four Workmen Unions viz. AIBEA, NCBE, NOBW and INBEF. IBA was led by Chairman of the Working Group Shri Rakesh Sharma, MD&CEO, IDBI Bank along with Shri Gopal Murali Bhagat, Dy. Chief Executive, IBA. Unions were represented by General Secretaries of aforesaid four Unions.
In continuation of the discussions held on 16-10-2020, Unions reiterated their viewpoints on the issues and demanded finalising the various components of pay slip items within the overall agreed cost of Rs. 3385 crores. IBA also agreed to the same and further agreed that the final settlement needs to be arrived at without further delay. The revised Pay scales have been worked out as under:
Clerical: Rs. 17,900-1000/3, 1230/3, 1490/4, 1730/7, 3270/1, 1990/1, 47,920
Sub staff: Rs. 14500, 500/4, 615/5, 740/4, 870/3, 1000/3, 28145
Stagnation increments would be 9 increments after reaching maximum.
Uniformity in periodicity has also been agreed upon. As already informed, DA would be at 0.07% per slab of 4 points over 6352 points of Index. On HRA, it has agreed that there would be uniform rate of HRA in all centres as against 3 different rates as at present. Other items like PQP, Special Pay, FPP, HRA, Medical aid, etc. is being been worked out. Besides Special Allowance of 16.4% for both clerical and sub staff, DA will also be paid on Transport Allowance.
Looking to these developments and areas of understanding, the item wise distribution under different components is being finalised. Revision in powers of Special Pay posts and increase in amount of special pay is under discussion and would be finalised. It has also been agreed to sign the Settlement at the earliest.
There would be 9 stagnation increments for both clerical and sub staff at an interval of 2 years each.
- DA rate would be 0.07% per slab of 4 points over 6352 points of Index.
- HRA rate would be uniform for all centres Al over the country as against existing 3 different rates.
- DA will be payable on Special Allowance and Transport Allowance.
- Revision in duties/ powers and quantum of allowance of Special Pay posts are being worked out.