After a long period of 3 months, Indian Banks Association invited the UFBU for a discussion on wage revision under 11th Bipartite Settlement

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.10/VII/2019

June 19, 2019

Camp: MUMBAI.

To:

ALL UNITS / STATE COMMITTEES

Dear Comrades,

WAGE NEGOTIATION TALKS WITH IBA.

After lapse of nearly three months, IBA invited the UFBU for a discussion today at IBA Office, Mumbai. IBA was represented by Shri.Rajkiran Rai, Chairman Negotiation Committee IBA(UBI), Shri. Alok Kumar Chaudhary(SBI), Shri.V.G.Kannan, CEO, IBA, Shri.B.Rajkumar Deputy CEO IBA, Shri.S.K.Kakkar, Advisor IR &HR IBA , besides staff of personnel department of IBA.

Shri. P.S.Jayakumar(BOB), Shri.Shyam Srinivasan(Federal Bank),Shri.M.K.Jain(OBC) and Shri.R.A.Shankaranarayanan(Canara Bank) were participating through Video Conference. Representatives of Seven Organizations participated in the discussion. The undersigned participated in the discussion.

Chairman Negotiating Committee outlined the purpose of the meeting so as to know the stand of the two Officers’ Organizations in the matter of participation in the negotiation. In response , Convenor, UFBU submitted a letter addressed to Chairman IBA and Chairman Negotiation Committee of IBA , reiterating that the negotiation should cover up to scale VII Officers. It was also expressed that in the earlier round held on 22.02.2019, IBA offered to cover up to Scale V, though the mandate given earlier by the 5 Banks were up to Scale III only.

IBA in response to the submission made, expressed that it was an offer made and the acceptance was not forthcoming as it is reflected by their absence. It was also made very clear that the five workmen unions will participate in the negotiation for arriving at agreement under ID Act. It was also expressed clearly that, in the past when the officers’ organizations had not participated in the discussion, still IBA did engage themselves to arrive at the understanding with the officers’ organizations.(One in 1989 and another in 2010-one more option for Pension)

On common issues concerning both the section of the workforce, it was reiterated that the discussions should be continued to be held with all the seven constituents of UFBU. IBA has indicated its preparedness to discuss the common issues and also willing to share the details related to record note dated 25.05.2015. In addition, the discussion on Insurance backed Hospitalization scheme was also held in the post lunch session. IBA will be taking up the issue referred herein above in the ensuing meeting scheduled to be held in the last week of this month and assured to fix up the dates for further exchange of informations. The discussion was more of explanatory in nature.

We note to convey the developments in due course.

Yours comradely,

/S.NAGARAJAN/

GENERAL SECRETARY

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

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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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Is it Necessary for the Pensioner to Open a Separate Pension Account to credit Pension?

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

1. Can any pensioner draw his/her pension from SBI?
Ans: Yes, a pensioner can draw his/her pension from a SBI Branch if he/she is a Central/State Govt. Pensioner or Autonomous Body, which has arrangement for pension payment with our Bank.

2. Can the pensioner draw his/ her pension through a Bank Branch?
Ans: Yes. Even the Government employees earlier drawing their pension from a Treasury or from a Post Office will have the option to draw their pension from the authorized Bank’s Branches

3. Where will the Pensioner open his/her pension account?
Ans: The pensioner will open his/her SB/CA account at the Branch of his/ her choice/ convenience (Home Branch) as hitherto.

4. What should a retiring person do to draw his/her pension from a SBI Branch?
Ans: The retiring person should open an account with a SBI Branch and advise this Account number and Branch to the concerned Pension Sanctioning Authority for release of his/her pension.

5. Is it necessary for the pensioner to open a separate pension account for the purpose of crediting his/ her pension in authorized bank?
Ans: The pensioner is not required to open a separate pension account. The pension can be credited to his or her existing savings/current account maintained with any Branch of the Bank selected by the pensioner.

Read also: Procedure for Transfer of Pension Account from one Branch/Bank to Another – CPAO Guidelines

Click to Read More Q&A

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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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