Home 11th Bipartite Settlement 11th Bipartite Settlement - Bank Employees New Pay Scale

11th Bipartite Settlement – Bank Employees New Pay Scale

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: –Bank Employees New Pay Scale

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

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest