CPI(IW) for April’24=139.40 May’24=139.90 June’24 141.4 Average 140.23.140.23-123.03= DA for Aug-October ’24 is17.20%Last quarter 15.97 % increase in DA is 1.23% OFFICERS SCALE – STAGNATION – BASIC New DA Previous DA Difference SCALE 1 – 48480 10694 9930 765 SCALE 1 – 50480 11130 10334 796 SCALE 1 – 52480 11565 10738 827 SCALE 1…
The Labour Bureau has published CPI(IW) for January 2024, February 2024 and March 2024. The average DA for the above months works out to 15.97% an increase of 0.24% in DA payable for the quarter of May 2024-July 2024. The DA charts for officers, clerks, and sub-staff are attached below : DA for Bank Officers…
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90 Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% SUB STAFF BASIC New DA Previous DA Difference 19500 4075 4014 61 20165 4209 4146 63 20830 4344 4279 65 21495 4478 4411 67 22160 4613…
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% CLERICAL BASIC New DA Previous DA Difference 24050 4994 4919 75 25390 5265 5186 79 26730 5536 5453 83 28070 5806 5719 87 29720 6140 6048 92…
CPI (IW) for Jan 2024 – 138.90 | Feb 2024 – 139.20 | March 138.90Average 139-123.03 = 15.97% | Last quarter DA – 15.73 | Increase now 0.24% OFFICERS SCALE – STAGNATION – BASIC New DA Previous DA Difference SCALE 1 – 48480 9930 9780 149 SCALE 1 – 50480 10334 10178 155 SCALE 1…
In terms of clause 13 of the 9th Joint Note between IBA & Officer’s Association and clause 36 of the 12th Bipartite Settlement between IBA and Workmen Union, states regarding the payment of Ex-gratia for pensioners/family pensioners, who became eligible to draw a pension on or before 31.10.2022 including those who retired on 31.10.2022. Ex…
Key Benefits and New Leave Rules applicable to officers and employees are highlighted below. Metro Cities Metro Cities Major A class cities Area I other places Scale VI and VII 4050 2925 2475 2150 Scale IV and V 3375 2925 2475 2150 ScaleI, II and III 2925 2475 2150 1800 Advance notice of 10 days…
Employees (including permanent part-time employees) or Officers of the bank on maternity leave shall be entitled to full emoluments. Every female employee is eligible for Maternity leave on full substantive pay, not exceeding 6 months on any one occasion subject to a maximum of 12 months during the entire period of service. Maternity leave is…
Updated as per 12th BPS/9th Joint Note dated 08.03.2024 [This article elucidates a complete guide on Casual leave, Unavailed Casual leave, Special Casual leave rule and half days CL, and bereavement leave] The officers and award staff of the bank including permanent part-time employees are eligible for 12 days of casual leave in a year…
In the latest settlement under 12th BPS and 9th Joint Note agreements signed on March 08, 2024, between the Unions and IBA; partial changes are made to existing LFC/LTC rules. Accordingly, Leave Travel Concession (LTC) or Leave Fare Concession (LFC) facility shall be allowed for bank employees and officers are as under. For Workmen: The…