Home11th Bipartite Settlement11th Bipartite Settlement - Special Allowance for Bank Employees

11th Bipartite Settlement – Special Allowance for Bank Employees

- Advertisement -

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.

Special Allowance

In modification of Clause 9 of the Bi-partite Settlement dated 25.05.2015, with effect from 1.11.2017, workmen employees shall be paid Special Allowance as under:

16.40 % of the Basic pay with applicable DA thereon.

Note: The Special Allowance with applicable DA thereon shall not be reckoned for superannuation benefits viz., pension including contribution to NPS, PF & Gratuity.

Also Read :

- Advertisement -

Subscribe to our newsletter

To be updated with all the latest news, Government Orders, and special announcements. Once subscribed click activate link from your inbox.

Follow Us


Please enter your comment!
Please enter your name here