The Indian Banks’ Association (IBA) on November 11 said it has signed a bipartite settlement with bank unions agreeing a 15 per cent increase in pay slip for bank employees.

Stagnation Increment

In partial modification of Clause 5 of Bipartite Settlement dated 25th May 2015, both
clerical and subordinate staff (including permanent part-time employees on scale wages)
shall be eligible for nine stagnation increments w.e.f. 1st November 2017 at the rate and
frequency as stated herein under:

The clerical and subordinate staff including permanent part-time employees on scale wages
on reaching the maximum in their respective scales of pay, shall draw nine stagnation
increments at the rate of Rs. 1990/- and Rs.1000/- respectively (pro rata in respect of
permanent part-time employees) each due under this settlement, and at frequencies of 2
years, from the dates of reaching the maximum of their scales as aforesaid.

Also Read : Bank Officers Stagnation Increment – 11th Bipartite Settlement

Provided further that a clerical / subordinate staff (including permanent part-time
employees on scale wages) already in receipt of eight stagnation increments shall be
eligible for the ninth stagnation increment from 1st November, 2017 or two years after
receiving the eighth stagnation increment, whichever is later.

Provided further that the Stagnation increment/s received by the employees who are/were in service of the banks as on 1st November, 2017 as per periodicity hereinbefore would be
readjusted from the date of reaching their maximum by also considering the
Graduation/JAIIB/CAIIB Qualifications acquired thereafter, if any and employee shall be
notionally eligible for stagnation increments w.e.f. 1.11.2017 in terms of this settlement as
per the revised periodicity which will qualify for superannuation benefits. However,
monetary benefit on account of such revised and readjusted stagnation increment/s shall be payable from 1st November, 2020 or the actual date of entitlement whichever is later

See Also : 11th Bipartite Settlement for Bank Employees and Officers – IBA Report 11.11.2020

11th Bipartite Settlement for workmen and 8th Joint Note for Officers on 11th November 2020. – IBA Report download here

11th Bipartite Settlement for Bank Employees – PDF Download

11th Bipartite Settlement for Bank Officers –  PDF Download

The Indian Banks’ Association (IBA) on November 11 said it has signed a bipartite settlement with bank unions agreeing a 15 per cent increase in pay slip for bank employees.

Stagnation Increment

a) Officers in JM Grade Scale I who have moved to scale of pay for MMG Scale II in terms of Regulation 5 (b) after reaching maximum of the higher scale are presently eligible for four stagnation increments. With effect from 1st November, 2017, these officers will be eligible for five stagnation increments. The first four stagnation increments will be released after every two completed years of service, of which first two shall be Rs.1990/- each and next two shall be Rs. 2220/- each. The fifth stagnation increment of Rs.2220/- will be released two years after receipt of fourth stagnation increment or w.e.f. 1st November 2017, whichever is later.

b) Officers in MMG Scale II who have moved to Scale of Pay for MMG Scale III in terms of Regulation 5 (b) after reaching maximum of higher scale are presently eligible for four stagnation increments. With effect from. 1st November, 2017 these officers will be eligible for five stagnation increments. First four stagnation increments of Rs.2220/- will be released after every two completed years of service after reaching the maximum on the higher scale. The fifth stagnation increment of Rs.2220/- will be released two years after release of fourth stagnation increment or w.e.f. 1st November, 2017, whichever is later.

Also Read : 11th Bipartite Settlement – Bank Employees New Pay Scale

c) Officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III are presently eligible for five stagnation increments. These officers shall now be eligible for total six stagnation increments. Firit four stagnation increments of Rs. 2220/- after every two completed years and next two increments of Rs. 2500/- each, two years after receipt of the fourth stagnation increment. The sixth stagnation increment of Rs. 2500/- will be released two years after release of fifth stagnation increment or w.e.f. 1st November 2017, whichever is later.

d) Officers in SMG Scale IV are presently eligible for one stagnation increment of Rs. 2500/- two years after reaching maximum of scale. These officers will now be eligible for one additional stagnation increment of Rs. 2730/- after two years of receipt of first stagnation increment or w.e.f. 1.11.2017, whichever is later.

e) Provided further that the Stagnation increment/s received by the Officers from Scale I to Scale IV who are/were in service of the banks as on 1st November, 2017 as per periodicity hereinbefore would be readjusted from three year periodicity to two year periodicity from the date of reaching their maximum and officer shall be notionally eligible for stagnation increments w.e.f 1.11.2017 in terms of this Joint Note as per the revised periodicity which will qualify for superannuation benefits. However, monetary benefit on account of such revised and readjusted periodicity of stagnation incrementls shall be payable from 1st November, 2020 or the actual date of entitlement whichever is later.

f) Officers in SMGS — V shall be eligible for one stagnation increment of Rs.2970/- two years after reaching the maximum of scale or w.e.f. 1.11.2020, whichever is later.

The Indian Banks’ Association (IBA) on November 11 said it has signed a bipartite settlement with bank unions agreeing a 15 per cent increase in pay slip for bank employees.

Bank Employees Scales of Pay

In modification of Clause 4 of Bipartite Settlement dated 25th May, 2015, with effect from 1st November, 2017 the scales of pay shall be as under: –

Note:

a) Fitment in the new scales of pay shall be on a stage-to-stage basis.

b) There shall be no change in the dates of annual increments because of the fitment.

c) In the case of Ex-servicemen category employees who have joined the Banks on and after 1st November, 2017 up to the date of this Settlement, the fixation/fitment in the pay scales already given/eligible to be given under the Settlement dated 25th May, 2015 shall be refixed as per the provisions of this settlement.

d) All employees belonging to sub-ordinate cadre shall be eligible for one extra increment for passing JAIIB and two increments for passing CAIIB examination w.e.f 1.11.2017

Also Read : 11th Bipartite Settlement on revision of wages of bank employees has been signed today with IBA

ALL INDIA BANK EMPLOYEES’ ASSOCIATION (AIBEA)
NATIONAL CONFEDERATION OF BANK EMPLOYEES (NCBE)
NATIONAL ORGANISATION OF BANK WORKERS (NOBW)
INDIAN NATIONAL BANK EMPLOYEES FEDERATION (INBEF)

11th November, 2020

Circular To All our Unions and Members:

Dear Comrades,

CONGRATULATIONS – DIWALI DHAMAKA
11th BPS signed on 11th Nov. 2020
ONE NATION, ONE SALARY ACHIEVED

We are happy to inform all our unions and members that after a long and protracted negotiations for more than three years and after overcoming many impediments and hurdles, finally, the 11th Bipartite Settlement on revision of wages and improvement in service conditions of bank employees has been signed today with IBA at Mumbai.

Salient Features:

• INCREASE IN WAGE BILL Rs, 3385 CRORES PER YEAR
• 29 BANKS COVERED — 12 PSB + 10 PVT BANKS + 7 FOREIGN BANKS
• 5 LACS EMPLOYEES OF PUBLIC SECTOR BANKS, PRIVATE BANKS & FOREIGN BANKS COVERED
• PERIOD : NOV. 2017 TO OCT 2022
• FIRST TIME — UNIQUE — UNIFORM BASIC, DA, HRA, SPL. ALLOWANCE, TRANSPORT ALLOWANCE, ETC. ALL OVER INDIA

PAY SCALES

CLERICAL

SUBSTAFF

STAGNATION INCREMENT

CLERICAL : RS. 1990 — 9 INCREMENTS ONCE IN 2 YEARS
SUBSTAFF RS. 1000 — 9 INCREMENTS ONCE IN 2 YEARS

SPECIAL PAY: For Clerical Staff

For Subordinate Staff

PQP

FIXED PERSONAL PAY

DEARNESS ALLOWANCE: RATE : 0.07 % PER SLAB OF 4 POINTS OVER 6352 POINTS

• SPECIAL ALLOWANCE :

RATE : 16.4 % OF BASIC PAY – D.A. IS PAYABLE ON SPECIAL ALLOWANCE

• TRANSPORT ALLOWANCE :

  RS. 600 PER MONTH TO ALL CLERKS AND SUBSTAFF

DA IS PAYABLE ON TRANSPORT ALLOWANCE

• HOUSE RENT ALLOWANCE

RATE UNIFORM RATE AT 10.25% ON PAY ALL OVER INDIA

WHERE AN EMPLOYEE IS TRANSFERRED BY MANAGEMENT , HE WILL GET 11% HRA OR HE CAN CLAIM 150% OF THE ENTITLED HRA SUBJECT TO PRODUCTION OF RENT RECEIPT.

• ANNUAL MEDICAL AID: Rs. 2355 per annum

1. SUBSTAF PASSING CAIIB WILL GET ADDITIONAL INCREMENT LIKE CLERICAL STAFF
2. Notice period for availing Privilege Leave (other than for LFC) will be 10 days. ( now 15 days)
3. Privilege leave taken on sick grounds when there is no sick leave at credit will not be counted as an occasion of availing PL.
4. From the calendar year 2020, besides encashment of PL at the time of retirement and during availment of LFC, PL Encashment would be permitted at 5 days every calendar year (7 days in case of employees / officers of 55 years of age and above) at the time of any festival of their choice.
5. Beyond 30 years of service, additional sick leave will be granted at 1 month per year subject to a max. of 720 days in entire service. (it is 630 days now)
6. Women employees can avail sick leave for the sickness of their children (upto 8 years of age) on production of medical certificate.
7. Extra ordinary Leave on loss of pay can be availed for 120 days at a time. (NOW 90 DAYS)
8. Maternity Leave can be availed in combination/ continuation with other kind of leave.
9. 2 months leave with salary will be granted as additional ML for Hysterectomy operation where ML limit is exhausted.
10. Within the overall period of 12 months, Maternity leave may be granted upto 6 weeks in case of MTP/miscarriage/ abortion, AND if required upto 6 months .
11. Maternity Leave for legal adoption of one child will be upto a max. of 9 months.(NOW 6 MONTHS)
12. Maternity Leave for delivery for twin children shall be 8 month (now 6 montsh)
13. Within the overall period of 12 months, Maternity leave may be granted upto 30 days for the period of hospitalisation for the treatment of certain specified ailments, subject to production of necessary certificate from the hospital.
14. Paternity Leave can be sanctioned in case of child adoption.
15. Absence from office due to curfew, riots, prohibitory orders, natural calamities, flood, etc. at the place of work or residence will be treated as special leave on duty.
16. LFC: permissible Distance will be revised as 2200 km/4400 km for non-substaff and 2600 km/5200 km for substaff
17. Employees will be permitted to travel by own car while on LFC 15. Road Mileage charges will be revised from Rs. 6 per km to Rs. 8 per km
18. Train fare by Shatabdi and Rajdhani express trains (non-Executive Class) will be reimbursed under LFC if travel is undertaken by these trains.
19. Charges for local sightseeing while on LFC will be reimbursed within the entitlement on production of bills from approved operators.
20. LFC — if husband and wife both are working in the same Bank, they will be entitled to LFC individually.
21. GST charges on train fare will be paid over and above the entitlement
22. For employees working in North East States, LFC will begin from Guwahati and the fare from their place of work to Guwahati will be additionally paid. Similarly, Andaman Nicobar islands to Chennai/ Kolkata, Lakshadweep to Kochi, far-flung area branches in HP, Uttarakhand, Sikkim, J & K or any other areas which are not directly connected by train, fare to nearest major railway station will be additionally reimbursed under LFC in addition to normal entitlement.
23. For actual travel under LFC, train fare under dynamic fare system as on the date of booking of tickets will be reimbursed.