Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2015-16/1572

October 31, 2015

All Members of the Association
(Designated Officers)

Dear Sirs,
Dearness Allowance for Workmen and Officer Employees in banks for the months of Novermber, December and January 2016 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 June 2015 are as follows:-

July, 2015 – 6003.21

August, 2015 – 6026.04

September, 2015 – 6071.69

The average CPI of the above is 6033. Consequently, Dearness Allowance payable to employees is for 398 slabs for the period November, December 2015 and January 2016 i.e. an increase of 34 slabs over the current level.

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 November, December 2015 and January 2016 shall be 39.80% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,
sd/-
K.S.Chauhan
Senior Vice President

PS : The DA Payable under IXth Bipartite Settlement/Joint Note dated 27.04.2010, is @ [119.85% (6033-2836)=3197/4] i.e 799 slabs @ 0.15% per slab).

Authority : www.iba.org.in

Similar Posts:

• IBA Circulars on Dearness Allowance for the months of Nov, Dec and Jan 2017
• DA to Bank Employees & Officers from Feb to Apr 2018 under 19th BPS Joint Note
• IBA Circular on DA for Bank Staff
• IBA Orders on DA : Increase in DA Slabs of 34 – 64.50 % May to July 2019
• DA for Bank Staff and Officers from Nov 2018 to Jan 2019

Bank D.A. for Nov’14 onward : Hike of 49 slabs.

Consequent upon the release of All India Consumer Price Index Numbers for Industrial workers(AICPIN) Base Year 2001=100 for the month of September’14. by the Ministry of Labour and Employment to day,which stood at 253 points without any change while compared to August figure,the confirmed average AICPIN(IW) Base 1960=100 for the quarter will be as follows:

Source: http://paycommissionupdate.blogspot.in/Similar Posts:

• Bank DA Expected to Go Up with 65 Slabs
• Bank DA to increase 33 slabs, Pensioners to get 17 slabs more from August 2014
• AICPIN for October 2016
• CPI (IW) Table May 2019 – How to calculate AICPIN?
• DA for Bank Employees – 6 Slabs less from May, 2016

MANGALORE : The All India Bank Officers’ Confederation on Friday said it hoped the negotiation with the Indian Banks’ Association (IBA) on September 24 would result in the wage revision acceptable to the employees, failing which United Forum of Bank Unions would be forced to take some strong steps.

Addressing the members here, Confederation President Y. Sudarshan regretted the managements treat employees as ‘liability’ when it comes to wage revision while for the rest of operations, including spread of various government schemes, they are treated as assets. The vast human resource of banks, which has helped the industry to come to the present level and is prepared to the take modernisation forward, should be treated as capital asset and salaries as long-term investment, he demanded.

Officers and employees do not take pleasure in resorting to strikes and inconvenience the public, Mr. Sudarshan clarified. It is the attitude of the managements that has been forcing them to resort to strikes. Not a single wage revision in the past two decades has come without strike whereas government employees and legislators get salaries revised at regular intervals, he regretted. The 9th bipartite agreement expired in October 2012 and since then employees have eagerly been awaiting the next revision amidst several negotiations and a couple of strikes, he said.

Initially, the IBA had offered 5 per cent hike, Mr. Sudarshan said and termed it a piece of biscuit thrown at dogs. During the recently concluded negotiations, the IBA came up to offering 11 per cent hike whereas the Confederation has stuck to its demand of 25 per cent hike. The Unions and employees are no more prepared to wait, Mr. Sudarshan added.

He said public sector banks have been continuing their contribution towards strengthening the economy even as they were the ones responsible for the nation withstanding the economic slowdown in 2011. They have been the ones ensuring government’s programmes reach the targeted class, including the latest Jan Dhan Yojana. The Confederation is also opposed to merger of PSU banks, attempts for which are reportedly being made by the central government, he said.

Confederation Advisor M. Harshavardhan and others were present.

Source: http://www.thehindu.com/news/cities/Mangalore/bank-employees-expect-early-settlement-on-wage-revision/article6429262.ece

Similar Posts:

• Salary hike for Bank Employees, 30 month Pay Arrears – New Wage Revision agreement to be signed on the 25th
• Bank Employees Wage Revision – 10th Bipartite Wage Settlement Minutes
• Next Bank Wage Negotiation Meeting on 2.2.2019
• 10th Wage Agreement – IBA (Indian Banks’ Association) Circular
• 11th Bipartite Settlement Updates

After the last BPS talks on 13th June ’14, with IBA , there was a dead lock in talks.

Now as per information, the next round of talks on 10th BPS with IBA by bank Unions (UFBU) will be held on on 17th Sept. 2014, at Mumbai at 2 PM. UFBU will be meeting on the morning of same day.

IBA officials are also called by DFS, Ministry of Finance for a meeting on 8th Sept. 2014 at New Delhi.

Source: www.paycommissionupdate.blogspot.in

Similar Posts:

• 11th Bipartite Settlement Updates
• 11th Bipartite: Wage Negotiation with IBA on 5th May 2018
• Next Bank Bipartite Meeting on 30.11.2018
• Next round of Bipartite Talks between IBA and UFBU will be held on 26.9.2014
• Bank Wage Revision (11th BPS) – Next Meeting with IBA on 29.9.2018

Female employees of public sector banks will soon be entitled to a major benefit of getting transfers of their choice. The Finance Ministry has asked the banks to formulate women-friendly transfer policies so that they can get transfers at places where their husbands are working or parents are living.

The Department of Financial Services, sources said, has asked Public Sector Banks (PSBs) to formulate transfer and posting polices in such way so as to minimise “hardship” of women employees.

“It has been decided to accommodate as far as possible placement/transfer of married employees, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa,” said a communication of the Department to head to PSBs.

In case of unmarried female employees, the banks have been asked to accommodate them “at a place where their parents” are stationed or as near as possible.

While giving directions to PSBs, the Department said it has come to its notice that female employees, both married and unmarried, “when place/ transferred away from their husband or parents…to distant locations face a genuine hardship or develop a feeling of insecurity”.

There are 27 PSBs, including the latest Bharatiya Mahila Bank. Of the nearly 8 lakh employees in PSBs, about 2.5 lakh are females.

The PSBs have been asked to frame the policy in this regard with the approval of their Board and “take immediate action for implementation and compliance”.

Also, they have been asked to consider pending requests under the new guidelines.

Source : PTI/The Hindu

Similar Posts:

• FINMIN SEEKS STATUS REPORT ON PAY REVISION TALKS FROM PSB
• Central Government Pensioners above 100 Years
• Next Wage Revision in Public Sector Banks
• Non transfer of Pension files from banks to other PDAs: PCDA Circular 190 dated on 16.3.2017
• Involvement of bank officials in money laundering during post monetization