In partial modification of Clause XIV of Bipartite Settlement dated 29th October 1993, Clause 13 of Bipartite Settlement dated 27th March 2000, Clause 13 of the Bipartite Settlement dated 2nd June 2005, Clause 13 of Bipartite Settlement dated 27th April 2010, and Clause 13 of Bipartite Settlement dated 25h May, 2015, the Fixed Personal Pay shall be revised with effect from 1st November 2017 as per Schedule III.
Note: Only employees who were in the service of the bank on or before 1st November 1993 will be eligible for FPP, one year after reaching the maximum scale of pay, they are placed in. Those who joined the Banks on or after 2nd November, 1993 are not eligible for FPP.
Also Read : 11th Bipartite Settlement – Transport Allowance for Clerical and Subordinate Staff
