Another round of meetings took place on Thursday between UFBU and IBA on wage negotiation under the 12th bipartite settlement. The following issues are discussed and agreed upon. 1. The proposed wage revision will be effective from 1st November, 2022. 2. The proposed Settlement would be for a period of 5 years up to Oct.…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank pensioners, it works out to 632- slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 44 slabs in DR for the pensioners for the half period August 2023 to…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank employees and officers, it works out to 632 slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 36 slabs in DA for the above period at 44.24% ( For…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank employees and officers, it works out to 632 slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 36 slabs in DA for the above period at 44.24% Dearness Allowance…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank employees and officers, it works out to 632 slabs of DA for the quarter of August to October 2023. Hence there will be an increase of 36-slabs in DA for the above period at 44.24%. DA CHART for…
Consumer Price Index for April, May, and June 2023 are respectively- 134.20, 134.70, and 136.40. For Bank employees and officers, it works out to 632 slabs of DA for the quarter of August to October 2023. Hence there will be an increase of36slabs in DA for the above period at 44.24% DA chart BASIC NEW…
Following is the DA chart for Special pay for the above period Designation (B) (C ) New DA old DA Difference Bill collector 590 97 303.82 286.52 17.31 Armed Guard. 590 97 303.82 282.67 21.15 Daftry 850 139 437.71 407.24 30.47 Head Peon 1120 184 576.75 536.59 40.15 Electrician 3090 507 1591.21 1480.43 110.78 AC…
Excerpts of minutes of understanding arrived at between IBA and UFBU during the meeting held in Mumbai on 28 July 2023 attached below. Where the Dearness Allowance Scheme is applicable to employees, officers, and retired up to 31st October 2002 was based on a tapering percentage formula and multiple slab systems and Where the Dearness…
There was a round of discussions between UFBU and IBA held on July 19, 2023, mainly to discuss group medical insurance policy for retirees among other things. In view of the increasing cost of premiums payable by retired employees/officers, the need has arisen to review the scheme as applicable to the retired employees and officers…
The meeting of the UFBU (United Forum of Bank Unions) and Indian Banks’ Association (IBA) was held on June 21, 2023, in Mumbai. The important discussions and outcomes taken place in the meeting are explained below. Medical Insurance Scheme: The representatives of Unions have submitted their suggestions in detail like clubbing the policies of in-service…