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: –
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
WHY NOT SETTLEMENT OF 11 BIPERTITE RBI EMPLOYEES OR OFFICERS OTHER’COMRCIAL BANK AGREEMENT ELEVENTH NOVEMBER 2017 TO 21 MAY 2021 FINANCE MINISTRY OF GOVERNMENT OF INDIA I ANSWER FORWARD MESSAGE AND THE URGENTLY PLEASE REGARDS TO OPINION OF shriramkashyap88 @ gmail.com KANPUR CITY