News

Health Insurance policy for Bank employees/Officers 2018-19

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…

Read article
Leave rules for Bank Officers and Employees

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…

Read article
Bank Officers’ fitments/stagnation increments as per 10th BPS/Joint notes

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…

Read article
Health Insurance Policy renewal by bank retirees

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…

Read article