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Bank Wages Revision: Bipartite meeting held on 31.10.2020

Bank Wages Revision: Bipartite meeting held on 31.10.2020 – Issues like PQP, Special Pay, Fixed Personal Pay, HRA, Medical Aid, etc. are being finalised

ALL INDIA BANK EMPLOYEES’ ASSOCIATION

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

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

CIRCULAR NO. 28/248/2020/86

Dated: 02-11-2020

TO ALL UNITS AND MEMBERS:

Dear Comrades,

  • BIPARTITE TALKS WITH IBA ON 31-10-2020
  • MOVING TOWARDS FINAL SETTLEMENT

We reproduce herein the text of the Circular Jointly issued by AIBEA-NCBE-NOBW-INBEF on the outcome of the discussions with IBA held at Mumbai on 31-10-2020.

As would be observed from this joint communication, revised pay scales have been worked out as under.

Clerks 17900 1000/3 1230/3 1490/4 1730/7 3270/1 1990/1 47920
Substaff 14500 500/4 615/5 740/4 870/3 1000/3 28145

 

Issues like PQP, Special Pay, Fixed Personal Pay, HRA, Medical Aid, etc. are being finalised.

  • There would be 9 stagnation increments for both clerical and substaff 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.

In view of all these issues nearing finality, stage is now set for the final settlement at the earliest. Already fake news in the name of AIBEA, false news, half-baked news, speculative news, etc. are active in the market. Other impediments are also being created. Hence all our units and members are cautioned not to be misled by all these attempts. Maintain unity and calmness. We cannot afford to divert our attention at this stage.

Yours comradely,

C.H. VENKATACHALAM
GENERAL SECRETARY

bank-wages-revision-bipartite-meeting-on-2-nov-2020

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