Bank workmen’s revised Pay scales have been finalised: 11th BPS

Today (31^st October), the representatives of workmen’s Unions AIBEA, NCBE, NOBW, and INBEF finalized the various pay-slip components in their negotiation with Indian Banks Association.

The revised pay-slip of clerical staff worked out as under,

Clerical:

Rs.17900-1000-1000-1000-1230-1230-1230-1490-1490-1490-1490-1730-1730-1730-1730-1730-1730-1730-3270-1990,=47920.

The revised pay-slip of Sub-Staff  worked out as under,

Sub-Staff:

Rs.14500 – 500- 500- 500- 500- 615- 615- 615- 615- 615- 740 – 740- 740-740-870-870-870-1000-1000-1000 =28145.

Stagnation increments would be 9 increments after reaching maximum. Uniformity in periodicity has also been agreed upon.

As agreed upon earlier, DA would be at 0.07% per slab of 4 points over 6352 points. On HRA, it has agreed that there would be a uniform rate of HRA in all centers as against 3 different rates as at present. Other items like PQP, Special Pay, FPP, HRA, Medical aid, etc. are being been worked out. Besides Special Allowance of 16.4% for both clerical and sub staff, DA will also be paid on Transport Allowance.

The extract of 4 workmen unions circular after the talk are as under:

ALL INDIA BANK EMPLOYEES’ ASSOCIATION (AIBEA) NATIONAL CONFEDERATION OF BANK EMPLOYEES (NCBE) NATIONAL ORGANISATION OF BANK WORKERS (NOBW) INDIAN NATIONAL BANK EMPLOYEES FEDERATION (INBEF) 31st October, 2020 Circular To All our Unions and Members: Dear Comrades, Discussions with IBA today 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. We were represented by General Secretaries of our four Unions. In continuation of the discussions held on 16-10-2020, we reiterated our viewpoints on the issues and demanded finalizing the various components of payslip 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. Today, 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 a uniform rate of HRA in all centers as against 3 different rates as at present. Other items like PQP, Special Pay, FPP, HRA, Medical aid, etc. are being been worked out. Besides Special Allowance of 16.4% for both clerical and substaff, DA will also be paid on Transport Allowance. Looking to these developments and areas of understanding, the itemwise distribution under different components is being finalized. Revision in powers of Special Pay posts and increase in amount of special pay is under discussion and would be finalized. It has also been agreed to sign the Settlement at the earliest.

With greetings, Yours comradely, C H Venkatachalam (AIBEA) S K Bandlish(NCBE) Upendrakumar (NOBW) and O P Sharma (INBEF)