From the UIIC/IBA circular dated 06-10-18, on UIIC Group Health Insurance Policy for Bank Retirees, it could be interpreted as under: A cover of RS 4 lakh WITHOUT Domiciliary, costs annual premium including GST is Rs 28,792/- to a retiree officer. Whereas for a cover of RS 4 lakh WITH Domiciliary annual premium (including GST)…
Renewal of UIIC Group Health Insurance Policy for Bank Retirees’ for the period 01.11.2018 to 31.10.2019 The renewal premium payable as per last year options and options for reduced basic insurance are given below under Option I, Option II, Option III & Option IV(a) & IV (b) OPTION I RENEWAL WITHOUT DOMICILIARY…
IBA has advised all banks to renew the Medical Insurance Policy for in-service employees /Officers based on a revised quotation received from UIIC for the period 1.10.2018 to 30.09.2018 Premium payable on Policy for each in-service employees will be as under Premium Amount:Rs.11613 Plus GST:Rs.2090 Total: Rs.13703 Premium payable on Policy for each in-service officers…
In the 11th BPS dated 11.11.2020 signed by workmen unions and 8th Jt.Notes signed by Officers’ associations on the same day, certain visible improvements brought in the Leave Rules. Please click the below post to know the updated leave rules as per the 11th BPS Improvements in Leave rules of Banks effective from 11.11.2020 Download…
(This post provides updated detail of leave eligibility and also conditions applicable for granting casual leave, special casual leave to bank officers and employees, in terms of 10th Bipartite settlement/Joint note between Indian Banks Association (IBA) and United Forum of Bank Unions (UFBU))
Bank Officers’ fitments/stagnation increments as per 10th BPS/Joint notes The stages of basic pay to officer cadres of banks as per 10th BPS/Joint note is as under. Scale I- 23700-980(7)- 30560 -1145(2) -32850 -1310 (7)- 42020 (Plus stagnation increments as per chart) Scale II-31705- 1145(1)- 32850 -1310(10) -45950 (Plus Stagnation increments as per chart) Scale…
The officers/ employees who have retired from the bank service might be aware that those who had retired after 1.10.2017 are covered under the Bank’s Working Employees’ Policy till 30.09.2018. After that, they are supposed to take up the Bank Retirees’ Policy wherein premium is payable by the retirees. Since the Retirees’ policy commence…
Quote: CIRCULAR No. UFBU/2018/15 Date : 15-09-2018 TO ALL CONSTITUENT UNIONS/MEMBERS Dear Comrades, Discussions with IBA on Medical Insurance Scheme Units are aware that there was a meeting with the IBA on 8-8-2018 on the issue of medical insurance scheme wherein we had submitted various suggestions, particularly with a view to achieve a reduced premium…
Today’s meeting (14.09.2018) on Medical Insurance called by IBA took place with IBA officials along with GM HR of 3 banks. All UFBU representatives were present. IBA officials apprised the discussions they had with banks, Insurance Company, DFS etc vis a vis premium charged by the insurance company and placed certain offers for our consideration…
Text of Joint Note Talks held on 03.09.2018 ALL INDIA BANK OFFICERS’ CONFEDERATION (AIBOC), ALL INDIA BANK OFFICERS’ ASSOCIATION (AIBOA) INDIAN NATIONAL BANK OFFICERS’ CONGRESS (INBOC),NATIONAL ORGANISATION OF BANK OFFICERS (NOBO) Camp: Mumbai Date: 3rd September, 2018 To All Affiliates (For Circulation) Dear Comrade, Wage Negotiation – XIth Bipartite Settlement As was decided in the…