Breaking: 100% DA neutralisation for Bank pensioners/family pensioners retired before 1st November 2002
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…
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Agreement on Bank Retirees group medical insurance policy between UFBU and IBA
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…
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Latest news: Outcomes of the meeting between UFBU and IBA
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…
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Dearness Allowance(DA) chart for Bank Officers – May-July 2023
Consumer Price Index for January, and February, March 2023 are respectively- 132.80, 132.70, and 133.30. For Bank employees and officers, it works out to 596 slabs of DA for the quarter of May to July 2023. Hence there will be an increase of 8 slabs in DA for the above period at 41.72% (an increase…
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Dearness Allowance(DA) chart for Bank clerical-staff- May-July 2023
Consumer Price Index for January, and February, March 2023 are respectively- 132.80, 132.70, and 133.30. For Bank employees and officers, it works out to 596 slabs of DA for the quarter of May to July 2023. Hence there will be an increase of 8 slabs in DA for the above period at 41.72% (an increase…
Dearness Allowance(DA) chart for Bank employees and officers- May-July 2023
Consumer Price Index for January, and February, March 2023 are respectively- 132.80, 132.70, and 133.30. For Bank employees and officers, it works out to 596 slabs of DA for the quarter of May to July 2023. Hence there will be an increase of 8 slabs in DA for the above period at 41.72% (an increase…
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