RBI clarification on 5 day week in commercial banks

It has been reported in certain sections of the media that commercial banks
would have a 5 day week in terms of RBI instructions. It is clarified that this
information is not factually correct. RBI has not issued any such directions.

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IBA decided to hold negotiations on 11th Wage Revision with UFBU on Friday 30th November 18 at 10.30 am in its office at Mumbai

IBA decided to hold negotiations on 11th Wage Revision with the representatives of constituent workmen unions/officers’associations of UFBU on 30th November 2018 at 10.30 a.m. in the Committee Room of IBA, World Trade Centre, Cuffe Parade, Mumbai.

Meeting of UFBU will be held after wage revision talks on 30 Nov at Mumbai to discuss about merger of 3 PSBs & other Imp issues

A Meeting of constituents of UFBU will be held on 30.11.2018 at IBA Office, Mumbai to discuss about merger of 3 Public Sector Banks and other important issues.

Source: http://aipnbsf.org

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11th BPS | 11th BPS Settlements | UFBU meeting with IBA | Bank Empolyees News | Bank Wage Revision | Wage Negotiation

Latest Wage Revision Updates

Wage Talks with IBA – One More Mere Routine Exercise October 23, 2018 Read more…

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Summary of Bank Bipartite meeting on 12th October 2018 October 12, 2018 Read more…

Bank Wage Revision – Discussions with IBA on 29.9.2018 October 4, 2018 Read more…

Wage Revision Updates for Sep 2018

Bank Wage Revision (11th BPS) – Next Meeting with IBA on 29.9.2018 September 23, 2018 Read more…

Wage Revision Updates for Aug 2018

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Bank Wage Revision: Small Committee Meeting on 18.8.2018 August 19, 2018 Read more…

Wage Revision Updates for May 2018

Bank Wage Hike: 10th Bipartite settlement 15% – IBA’s Offer 2% May 10, 2018 Read more…

11th Bipartite: Wage Negotiation with IBA on 5th May 2018 May 7, 2018 Read more…

11th Bipartite Talks: Meeting at DFS on 2nd May 2018 May 7, 2018 Read more…

Wage Revision Updates for Feb 2018

UFBU to hold Dharna before Parliament on 21.3.2018 February 26, 2018 Read more…

Wage Negotiation: Negotiating Committee Meeting with Unions / Associations February 23, 2018 Read more…

IBA Invites UFBU for Negotiations on Wage Revision – UFBU Circular February 13, 2018 Read more…

Wage Negotiation: Negotiating Committee Meeting with Unions/Associations February 13, 2018 Read more…

Wage Revision Updates for 2017

UFBU MEETING HELD ON 13.11.2017 – AIBEA Circular December 8, 2017 Read more…

Bank Wage Revision – Discussions with IBA on 14.11.2017 November 18, 2017 Read more…

Bank Employees Wage Revision Talks with IBA October 31, 2017 Read more…

11th Bipartite Settlement : Meeting of the Core Group (Workmen) was held on 6.9.2017 September 11, 2017 Read more…

DA for Bank Employees for Aug, Sep & Oct 2017 as per 10th BPS August 3, 2017 Read more…

Committee for Bank Officers – Joint Circular August 3, 2017 Read more…

Bank Wage Revision : Meeting of Core Groups July 31, 2017 Read more…

Bank Wage Revision – 3rd Round Constitution of Sub-Committees July 27, 2017 Read more…

11th BPS Update : Management Issues (10 Points) June 13, 2017 Read more…

11th Bipartite News – Bottlenecks in the commencement of Salary Revision Negotiations in Banking Industry – AIBOC Circular May 24, 2017 Read more…

DA for Bankers from May to July 2017 as per 10th BPS/Joint Note May 2, 2017 Read more…

Next Wage Revision in Public Sector Banks April 26, 2017 Read more…

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Wage Revision Updates for 2015

10th Wage Agreement – IBA Circular May 25, 2015 Read more…

IBA Clarification on Paternity Leave, Encashment on LFC, Re-fixation of Pay and Special Allowance July 28, 2015 Read more…

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All India Bank Officers Association presents Pay & Arrears Calculator for Bank Officers May 21, 2015 Read more…

Financial Components of Wage Revision – AIBOA Circular May 21, 2015 Read more…

Bank Wage Revision 10th Bipartite : Scales finalized – RBI cleared holiday for 2nd & 4th Saturdays May 20, 2015 Read more…

Talks with IBA continues – Next meeting on 22.4.2015 – AIBEA Circular April 20, 2015 Read more…

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Can a Pensioner Transfer his/ her Pension Account from one Branch to another Branch?

CENTRALISED PENSION PROCESSING CENTER

Payment of Pensions to Central Government and State Government Pensioners through Centralized Pension Processing Cell (CPPC)

Frequently Asked Questions and Answers

6. What should a retiring person, who already draws his/ her pension from a Branch of another Bank, do to draw pension from a SBI Branch?
Ans: The pensioner should open an account with a convenient SBI Branch and request his/ her existing banker to send the pension papers to the concerned Govt. authorities for onward submission to concerned CPPC of SBI for pension processing.

7. Can a pensioner transfer his/ her pension account from one Branch to another Branch of the same Bank or to the Branch of another Bank?
Ans: (a) Pensioner can transfer his/ her pension account from one Branch to another Branch of the same Bank within the same centre or at a different centre;
(b) He/She can also transfer his/ her account from one authorized Bank to another authorized Bank at different centre.

8. Can a pensioner open a Joint Account with his/ her spouse?
Ans: Yes. All Central Government Pensioners and those State Governments which have accepted such arrangement can open Joint Account with their spouses.

9. Whether Joint Account of the pensioner with spouse can be operated either by ”Former or Survivor” or “Either or Survivor”.
Ans: The Joint Account of the pensioner with spouse can be operated either by ‘‘Former or Survivor” or “Either or Survivor”.

10. What is the procedure to be followed by the Bank Branch if the pensioner is handicapped /incapacitated and is not in a position to be present at the paying branch?
Ans: If the pensioner is physically handicapped/incapacitated and unable to present at the branch, the requirement of personal appearance is waived. In such cases the Bank official visits the pensioner’s residence/hospital for the purpose of identification and obtaining specimen signature or thumb/toe impression.

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Dearness Allowance for Bank Staff and Officers from Nov 2018 to Jan 2019 under 10th Bipartitie Settlement and Joint Note Dated 25.5.2015

DA Orders issued by IBA on 1.11.2018

HR & Industrial Relations

No.CIR/HR&IR/76/D/2018-19/6194
November 1, 2018

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2018 & January 2019 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2018 are as follows:-

The average CPI of the above is 6871 and accordingly the number of DA slabs are 607 (6871­ – 4440 = 2431 / 4 = 607 Slabs) The last quarterly Payment of DA was at 541 Slabs. Hence there is an increase in DA slabs of 66, i.e 607 Slabs for payment of DA for the quarter Nov, Dec 2018 and January 2019

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Nov, Dec 2018 & January 2019 shall be 60.7 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S.K Kakkar
Senior Advisor (HR&IR)

Source: http://www.iba.org.in

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