Bank Clerical: New Basic, Special allowance, and DA for November 2020 under 11th BPS
As agreed upon by workmen unions and IBA representatives on 31st October 2020 under 11th BPS, the revised DA would be at 0.07% per slab of 4 points over 6352 points for the new fitments. Besides Special Allowance of 16.4% for both clerical and sub staff. Accordingly, we have worked out a revised pay-slip at…
Read article Bank Sub-staff: New Basic, Special allowance, and DA for November 2020 under 11th BPS
As agreed upon by workmen unions and IBA representatives on 31st October 2020 under 11th BPS, the revised DA would be at 0.07% per slab of 4 points over 6352 points for the new fitments. Additionally, Special Allowance of 16.4% for both clerical and sub staff. Accordingly, we have worked out a revised pay-slip at…
Read article
Bank workmen’s revised Pay scales have been finalised: 11th BPS
Today (31st October), the representatives of workmen’s Unions AIBEA, NCBE, NOBW, and INBEF finalized the various pay-slip components in their negotiation with Indian Banks Association. The revised pay-slip of clerical staff worked out as under, Clerical: Rs.17900-1000-1000-1000-1230-1230-1230-1490-1490-1490-1490-1730-1730-1730-1730-1730-1730-1730-3270-1990,=47920. The revised pay-slip of Sub-Staff worked out as under, Sub-Staff: Rs.14500 – 500- 500- 500- 500- 615- 615-…
Read article
These eleven things you need to know for acceptance of power of attorney for creation of mortgage or sale of property
Every other day, we have been coming across cases where fraudsters are using Power of Attorney to create mortgages or sale of properties. General Public, Bankers, and other financial lenders are most vulnerable to mortgage-related frauds. Therefore, Staff working in the loan and advance departments of banks and financial departments shall be vigilant at the…
Read article
Confirmed DA for Bank employees/Officers for the quarter of November 2020 to January 2021
The Labour Bureau announced index number (IW) for the period of July 2020, August 2020, and September 2020 as underJuly 2020 August 2020 to September 2020336 (Base year 2001=100) 338 (Base year 2001=100) 118 (Base year 2016=100) Based on the CPI announced, the average index number works out to 7733 (base 1960=100). It means Dearness…
Bank Dearness Allowance For Officers From Nov 2020 to Jan 2021
The Labour Bureau announced index number (IW) for the period of July 2020, August 2020 and September 2020 as under July 2020 August 2020 September 2020 336 (Base year 2001=100) 338 (Base year 2001=100) 118 (Base year 2016=100) Based on the CPI announced, the average index number works out to 7633 (base 1960=100). It means…
Read article