Bank Employees Wage Revision – AIBEA reports on Latest Development

Bank Employees Wage Revision – AIBEA reports on Latest Development on 10th Bipartite Wage Settlement for Bank Employees

ALL INDIA BANK EMPLOYEES’ ASSOCIATION

Central Office:  “PRABHAT NIVAS”    Regn.  No.2037

Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001

Phone: 2535 1522, 6543 1566    Fax: 4500 2191, 2535 8853

 

FOR THE INFORMATION OF OUR UNITS AND MEMBERS:

Today, the distribution chart has been signed between IBA and our Unions covering the allocation to various heads.   Payscales and Allowances are as under:

  1. Pay Scales: from 1-11-2012

Clerk:   11765 – 655/3 –815/3 –980/3 –1145/7 –2120 –1310/1– 31540 – 1310 x 8 = 42,020

Substaff :   9560 – 325/4 – 410 /5 – 490/4 – 570/3 – 655/3 – 18545 – 655 x 8 = 23785

Stagnation increments: 8 : Substaff: 8 x 2 years  ; Clerk : 5 x 3 years + 3 x 2 years

  1. Dearness Allowance: 0.10 % per slab of 4 points over 4440 points
  2. HRA : 45 lacs and above: 10 % ;  12-45 lacs & Goa : 9 % ; other centres : 7.5 %
  3. Transport Allowance: upto 15th Stage : Rs. 425 and others : Rs. 470
  4. Special Pay:
  5. SWO-B: 820;         Head cashier: 1280;       Spl. Asst. 1930
  6. Armed Guard/Bill Collector: 390;    Daftary: 560;    Head Peon: 740;     Driver: 2370; Electrician/AC Plant Helper: 2040,     Head messenger in IOB: 1630
  7.  PQP : Rs. 410,  800,  1210 , 1620,  2010
  8.  FPP :                    Clerk:           Rs.  1310 /  1580, 1570, 1550, 1550 / 1450
  9. Substaff:      Rs.    655 /  790,     890,    780,   780 /   730
  1. Medical Aid :   Rs. 2200 per year
  2.  Special Allowance ( new allowance ) :

7.75 % of Basic pay; DA is payable on this allowance

The full Settlement is under preparation and is expected to be signed on the 25th May, 2015 (Monday).

Flash:   Yesterday, RBI has given its in principle ok for implementing Full holidays on 2nd and 4th Saturday.  Matter is being expedited with the Government now

Source: AIBEA

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