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Bank Pensioners Latest News Today
EXPEDITE RESOLUTION OF RESIDUAL ISSUES AND COMMENCE NEGOTIATIONS : UFBU
Dated 03.06.2023 : UFBU has one again urged the Indian Bankers Association to begin the negotiation on charter of demand submitted by them and the residual issues of the 11th bipartite settlement like 5 day banking , pension updation and restoration of old pension scheme .
The last meeting between UFBU and IBA was held on 28.02.2023 wherein tentative agreement was reached on 5 day banking and IBA had agreed to take up with DFS for the final approval . But so far IBA has not come out with any final decision on the issue .
UFBU had also submitted Charters of Demands prepared by Employees unions and Officers Associations in the month of October 2022 . The ministry of Finance had given green signal to IBA to go ahead with negotiations while IBS is waiting for the mandate from all affiliated banks .
Now once again UFBU has asked IBA to fix a date for commencement of 12th BPS negotiations pending receipt of mandate from the remaining associate banks .
To read UFBU letter dated 02.06.2023 , CLICK HERE
Dated 03.06.2023 : UFBU has one again urged the Indian Bankers Association to begin the negotiation on charter of demand submitted by them and the residual issues of the 11th bipartite settlement like 5 day banking , pension updation and restoration of old pension scheme .
The last meeting between UFBU and IBA was held on 28.02.2023 wherein tentative agreement was reached on 5 day banking and IBA had agreed to take up with DFS for the final approval . But so far IBA has not come out with any final decision on the issue .
UFBU had also submitted Charters of Demands prepared by Employees unions and Officers Associations in the month of October 2022 . The ministry of Finance had given green signal to IBA to go ahead with negotiations while IBS is waiting for the mandate from all affiliated banks .
Now once again UFBU has asked IBA to fix a date for commencement of 12th BPS negotiations pending receipt of mandate from the remaining associate banks .
To read UFBU letter dated 02.06.2023 , CLICK HERE
BANKERS DA SET FOR A SLIGHT INCREASE FROM MAY 2023
Dated 29 .04.2023 : The salary of bankers is set for enhancement from the month of May 2023 , as the Dearness Allowance ( DA ) payable to bank employees / officers from May 2023 to July 2023 will go up by 8 slabs .
The average consumer index points have increased in the quarter ending March 2023 to 8763 points from earlier average of 8704 points . Accordingly the DA slabs have gone up by 8 slabs from 588 slabs to 596 . DA as % of Basic pay will increase by 0.56 % from 41.16 % to 41.72 % .
To read AIBEA circular , CLICK HERE
Official circular is yet to be issued .
Dated 29 .04.2023 : The salary of bankers is set for enhancement from the month of May 2023 , as the Dearness Allowance ( DA ) payable to bank employees / officers from May 2023 to July 2023 will go up by 8 slabs .
The average consumer index points have increased in the quarter ending March 2023 to 8763 points from earlier average of 8704 points . Accordingly the DA slabs have gone up by 8 slabs from 588 slabs to 596 . DA as % of Basic pay will increase by 0.56 % from 41.16 % to 41.72 % .
To read AIBEA circular , CLICK HERE
Official circular is yet to be issued .
DEMAND FOR MIGRATION FROM NPS TO OPS
TO BE ONLY TAKEN UP IN 12TH BIPATITE NEGOTIATIONS :
Dated 08.03.2023 : UFBU had demanded covering all post 01.04.2010 employees and officers under old pension scheme instead of the present New pension scheme and it was one of the residual issues in 11th bipartite settlement .
Now IBA has stated that the issue involves changes in the settlement and hence asked UFBU to take up the matter during the 12th bi-partite negotiations to be held . IBA has forwarded charter of demands submitted by employee unions and officers associations to the member banks and is yet to get to mandate from them for commencing negotiations .
The information is revealed by the circular issued by AIBEA with regard yo UFBU meeting held with IBA on 28.02.2023 .
Source AIBRA circular dated 07.03.2023
TO BE ONLY TAKEN UP IN 12TH BIPATITE NEGOTIATIONS :
Dated 08.03.2023 : UFBU had demanded covering all post 01.04.2010 employees and officers under old pension scheme instead of the present New pension scheme and it was one of the residual issues in 11th bipartite settlement .
Now IBA has stated that the issue involves changes in the settlement and hence asked UFBU to take up the matter during the 12th bi-partite negotiations to be held . IBA has forwarded charter of demands submitted by employee unions and officers associations to the member banks and is yet to get to mandate from them for commencing negotiations .
The information is revealed by the circular issued by AIBEA with regard yo UFBU meeting held with IBA on 28.02.2023 .
Source AIBRA circular dated 07.03.2023
RESIDUAL ISSUES
TODAY'S MEETING OF UFBU WTH IBA :
Dated 28.02 .2023 : It is reported that the meeting between IBA and UFBU constituents took place today and discussed residual issues of 11th bipartite settlement . It is reported that the 5 day banking issue has been settled amicably and an agreement has been reached between IBA and UFBU . However agreement needs approval of the finance ministry
It is reported that the following Issues were discussed :
1) UPDATION OF PENSION : IBA will study the complete data such as no. of pensioners, present outgo and future burden etc. Thereafter further discussion will take place.
2) FIVE DAY WEEK : There was discussion on adjustment of working hours, cash hours, customer service hours. This discussion was carried forward from last Meeting on Residual Issues. It was agreed to have uniform office hours from 9.50 am to 5.30 pm on all working days. Cash hours will be from 10 am to 4 pm. Customer Service will be rendered till 4.30 pm. On the above lines , recommendation for Five Day Week will be sent to DFS (Dept of Financial Services) of Govt of India by IBA.
3) Fitment of Ex Servicemen Employees : Ex Servicemen recruited between 1.11.2017 and 10.11.2020 are facing issue of recovery due to anomalies in fitment. IBA has agreed to ensure that Banks don't make any recovery.
4) Medical Insurance : IBA has asked for names of TPAs with cases pending. IBA may have Meeting with those TPAs. IBA is requested to have Meeting with top management of Insurance Company also.
5) Deputation Allowance : In the current settlement quantum of Deputation Allowance is not specified. IBA asked Unions to not to pursue this issue as the settlement is already signed. This issue will be taken care during finalisation of forthcoming Bipartite. Overall tone of the Meeting was positive.
TODAY'S MEETING OF UFBU WTH IBA :
Dated 28.02 .2023 : It is reported that the meeting between IBA and UFBU constituents took place today and discussed residual issues of 11th bipartite settlement . It is reported that the 5 day banking issue has been settled amicably and an agreement has been reached between IBA and UFBU . However agreement needs approval of the finance ministry
It is reported that the following Issues were discussed :
1) UPDATION OF PENSION : IBA will study the complete data such as no. of pensioners, present outgo and future burden etc. Thereafter further discussion will take place.
2) FIVE DAY WEEK : There was discussion on adjustment of working hours, cash hours, customer service hours. This discussion was carried forward from last Meeting on Residual Issues. It was agreed to have uniform office hours from 9.50 am to 5.30 pm on all working days. Cash hours will be from 10 am to 4 pm. Customer Service will be rendered till 4.30 pm. On the above lines , recommendation for Five Day Week will be sent to DFS (Dept of Financial Services) of Govt of India by IBA.
3) Fitment of Ex Servicemen Employees : Ex Servicemen recruited between 1.11.2017 and 10.11.2020 are facing issue of recovery due to anomalies in fitment. IBA has agreed to ensure that Banks don't make any recovery.
4) Medical Insurance : IBA has asked for names of TPAs with cases pending. IBA may have Meeting with those TPAs. IBA is requested to have Meeting with top management of Insurance Company also.
5) Deputation Allowance : In the current settlement quantum of Deputation Allowance is not specified. IBA asked Unions to not to pursue this issue as the settlement is already signed. This issue will be taken care during finalisation of forthcoming Bipartite. Overall tone of the Meeting was positive.
RESIDUAL ISSUES
NEXT MEETING OF UFBU WTH IBA :
Dated 07.02 .2023 : It is reported that the next meeting between IBA and UFBU constituents is fixed for 28th , February 2023 to discuss residual issues of 11th bipartite settlement .
The meeting , is scheduled to begin at 2.00 PM on the day with all invited representatives of UFBU constituents . At 2.30 , IBA will discuss with the representatives of AIBEA , NCNE , NOBW & INBEF and the meeting will end by 3.30 pm
At 3.30 , IBA representatives will meet the representatives of Officers Associations viz AIBOC , INBOC & NOBO .
NEXT MEETING OF UFBU WTH IBA :
Dated 07.02 .2023 : It is reported that the next meeting between IBA and UFBU constituents is fixed for 28th , February 2023 to discuss residual issues of 11th bipartite settlement .
The meeting , is scheduled to begin at 2.00 PM on the day with all invited representatives of UFBU constituents . At 2.30 , IBA will discuss with the representatives of AIBEA , NCNE , NOBW & INBEF and the meeting will end by 3.30 pm
At 3.30 , IBA representatives will meet the representatives of Officers Associations viz AIBOC , INBOC & NOBO .
BANKERS DA SET FOR A INCREASE FROM FEBRUARY 2023
Dated 31 .01.2023 : The salary of bankers is set for enhancement from the month of February 2023 , as the Dearness Allowance ( DA ) payable to bank employees / officers from February 2023 to April 2023 will go up by 32 slabs .
The average consumer index points have increased in the quarter ending December 2022 to 8705 points from earlier average of 8576.69 points . Accordingly the DA slabs have gone up by 32 slabs from 556 slabs to 588 . DA as % of Basic pay will increase by 2.10 % from 38.92 % to 41.16 % .
Official circular is yet to be issued .
Dated 31 .01.2023 : The salary of bankers is set for enhancement from the month of February 2023 , as the Dearness Allowance ( DA ) payable to bank employees / officers from February 2023 to April 2023 will go up by 32 slabs .
The average consumer index points have increased in the quarter ending December 2022 to 8705 points from earlier average of 8576.69 points . Accordingly the DA slabs have gone up by 32 slabs from 556 slabs to 588 . DA as % of Basic pay will increase by 2.10 % from 38.92 % to 41.16 % .
Official circular is yet to be issued .
5 days banking :
UFBU AND IBA DIFFER
Dated 31.01.2023 : IBA held meeting today with UFBU constituents with regard to implementation of 5 day banking . IBA proposed to increase 45 min per day in lieu of two Saturdays/month as against the proposal submitted by UFBU for extension of 30 min per day.
It is reported that UFBU suggested total Office hours of 37 hours 30 minutes ( 0945 to 1715 for 5 days ) , IBA wanted to be increased to 38 hrs 45 min per week ( 0945 to 1730 hrs for 5 days ) . Similarly there was a difference in Cash Tran. hours and customer service hours timings also . UFBU proposed cash hours 25 hrs per week ( 0945 to 1515 )while IBA suggested 27 hrs , 30 minutes per week ( ( 0945 hrs to 1545 hrs ) . Similarly UFBU proposed Customer service hours of 30 hrs per week ( 0945 hrs to 1615 hrs ) while IBA suggested 31 hrs 15 minutes 0945 hrs to 1630 .
Now the next meeting is expected to take place before the end of february 2023 .
UFBU AND IBA DIFFER
Dated 31.01.2023 : IBA held meeting today with UFBU constituents with regard to implementation of 5 day banking . IBA proposed to increase 45 min per day in lieu of two Saturdays/month as against the proposal submitted by UFBU for extension of 30 min per day.
It is reported that UFBU suggested total Office hours of 37 hours 30 minutes ( 0945 to 1715 for 5 days ) , IBA wanted to be increased to 38 hrs 45 min per week ( 0945 to 1730 hrs for 5 days ) . Similarly there was a difference in Cash Tran. hours and customer service hours timings also . UFBU proposed cash hours 25 hrs per week ( 0945 to 1515 )while IBA suggested 27 hrs , 30 minutes per week ( ( 0945 hrs to 1545 hrs ) . Similarly UFBU proposed Customer service hours of 30 hrs per week ( 0945 hrs to 1615 hrs ) while IBA suggested 31 hrs 15 minutes 0945 hrs to 1630 .
Now the next meeting is expected to take place before the end of february 2023 .
BANKERS' STRIKE DEFERRED
Dated 27.01.2023 : In response to the strike notice issued by UFBU , Office of the Deputy Labour Commissioner, Mumbai had called a meeting on 24.01.2023 and a follow up meeting was arranged today between IBA and UFBU
UFBU has decided to defer the strike call after today's meeting as all the issues raised by them were discussed with IBA /.
Bank unions under the umbrella of UFBU had called for a bank strike on 30th & 31st , January 2023 to press for their various demands .
In the meeting following decisions were taken unanimously :
1. The schedule of meetings will be adhered . If , in any meeting decisions are not arrived , the date next meeting will be decided in the meeting
2. The three issues viz 5 DAY BANKING , UPDATION OF PENSION AND RESTORATION OF OLD PENSION SCHEME , will be discussed in common meetings which will be attended by both officers and staff representatives . All other issues will be separately discussed in meetings with staff unions and officers associations .
3. IBA has sought mandate from banks for initiating negotiations .
4. Modality for implementing 5 day banking will be finalized within a month .
To read the minutes of the meeting held on 27.01.2023 , CLICK HERE
Dated 27.01.2023 : In response to the strike notice issued by UFBU , Office of the Deputy Labour Commissioner, Mumbai had called a meeting on 24.01.2023 and a follow up meeting was arranged today between IBA and UFBU
UFBU has decided to defer the strike call after today's meeting as all the issues raised by them were discussed with IBA /.
Bank unions under the umbrella of UFBU had called for a bank strike on 30th & 31st , January 2023 to press for their various demands .
In the meeting following decisions were taken unanimously :
1. The schedule of meetings will be adhered . If , in any meeting decisions are not arrived , the date next meeting will be decided in the meeting
2. The three issues viz 5 DAY BANKING , UPDATION OF PENSION AND RESTORATION OF OLD PENSION SCHEME , will be discussed in common meetings which will be attended by both officers and staff representatives . All other issues will be separately discussed in meetings with staff unions and officers associations .
3. IBA has sought mandate from banks for initiating negotiations .
4. Modality for implementing 5 day banking will be finalized within a month .
To read the minutes of the meeting held on 27.01.2023 , CLICK HERE
STRIKE CALL : CONCILATORY MEETING ADJOURNED :
Dated 24.01.2023 : In response to the strike notice issued by UFBU , Office of the Deputy Labour Commissioner, Mumbai had called a meeting today in their Mumbai office and invited the representatives of IBA and member unions of UFBU .
It is reported that the today's meeting between IBA and the unions was inconclusive and adjourned to the Friday 27th , January 2023 for further negotiations .
Bank unions under the umbrella of UFBU have called for a bank strike on 30th & 31st , January 2023 to press for their various demands .
Dated 24.01.2023 : In response to the strike notice issued by UFBU , Office of the Deputy Labour Commissioner, Mumbai had called a meeting today in their Mumbai office and invited the representatives of IBA and member unions of UFBU .
It is reported that the today's meeting between IBA and the unions was inconclusive and adjourned to the Friday 27th , January 2023 for further negotiations .
Bank unions under the umbrella of UFBU have called for a bank strike on 30th & 31st , January 2023 to press for their various demands .
STRIKE CALL : CLC CALLS FOR CONCILATORY MEETING :
Dated 19.01.2023 : In response to the strike notice issued by UFBU , Office of the Deputy Labour Commissioner, Mumbai has called a meeting in their Mumbai office on 24th, January 2023 and invited the representatives of IBA and member unions of UFBU . The meeting is called under Industrial dispute Act and is aimed at bringing an amicable settlement to avoid the proposed strike on 30th & 31st , January 2023 .
Dated 19.01.2023 : In response to the strike notice issued by UFBU , Office of the Deputy Labour Commissioner, Mumbai has called a meeting in their Mumbai office on 24th, January 2023 and invited the representatives of IBA and member unions of UFBU . The meeting is called under Industrial dispute Act and is aimed at bringing an amicable settlement to avoid the proposed strike on 30th & 31st , January 2023 .
WAGE SETTLEMENT - RESIDUAL ISSUES
UFBU REVIVES AGITATIONAL PLAN :
Dated 13.01.2023 : UFBU ( United Forum of Bank Unions ) held a meeting yesterday in Mumbai to discuss the progress made on residual issues left out in the 11th Bipartite settlement . Since there is no response from IBA on the demands made by UFBU and followed on with letters , it was decided to revive their agitation and to give a call for strike on 30th and 31st January 2023 on the following demands:
1. Five Day banking :
2. Updation of Pension :
3. Improvement of pension scheme :
4. Scrap NPS :
5. Immediate starting of negotiations on charter of demands submitted by UFBU
UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations . Representatives of UFBU had met IBA representatives , last time in September 2022 to discuss the residual issues , They had also submitted the charter of Demands in October 2022 with regard to wage revision as earlier agreement has lapsed in October 2022 . UFBU also has submitted a proposal in December 2022 for introduction of 5 day banking .
UFBU REVIVES AGITATIONAL PLAN :
Dated 13.01.2023 : UFBU ( United Forum of Bank Unions ) held a meeting yesterday in Mumbai to discuss the progress made on residual issues left out in the 11th Bipartite settlement . Since there is no response from IBA on the demands made by UFBU and followed on with letters , it was decided to revive their agitation and to give a call for strike on 30th and 31st January 2023 on the following demands:
1. Five Day banking :
2. Updation of Pension :
3. Improvement of pension scheme :
4. Scrap NPS :
5. Immediate starting of negotiations on charter of demands submitted by UFBU
UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations . Representatives of UFBU had met IBA representatives , last time in September 2022 to discuss the residual issues , They had also submitted the charter of Demands in October 2022 with regard to wage revision as earlier agreement has lapsed in October 2022 . UFBU also has submitted a proposal in December 2022 for introduction of 5 day banking .
5 days banking :
UFBU SUBMITS REVISED PROPOSAL
Dated 17.12.2022 : The workmen unions , viz AIBEA , NCBE , NOBW & INBEF had suggested to IBA to enhance the working hours per day by 30 minutes and to prepone the present working hours by 30 minutes in the morning. for the purpose of declaring all the Saturdays as holidays as against the present position of 2 nd and 4th Saturdays as holidays . 5 day banking is one of the important residual issues left out in the bipartite settlement . While workmen unions wanted preponement of working hours by 30 minutes , officers associations had proposed extending the working hours at the end of the day .
Now UFBU had a meeting of its constituents on 15th , December 2022 and has recommended to IBA fresh compromise proposal to the IBA .
UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations .
The suggestions made by the UFBU are are
1. Present working hours may be increased by 30 minutes per day.
2. All Saturdays and Sundays to be declared as holidays .
3. Present respective timings of working hours may be preponed by 15 minutes in the morning and increased by 15 minutes in the evening .
4. Existing customer service hours/non-cash transaction banking hours may be increased by 30 minutes.
5. Existing cash transaction hours to remain the same.
UFBU has requested for an early decision by the IBA .
To read AIBEA circular in this regard , CLICK HERE
UFBU SUBMITS REVISED PROPOSAL
Dated 17.12.2022 : The workmen unions , viz AIBEA , NCBE , NOBW & INBEF had suggested to IBA to enhance the working hours per day by 30 minutes and to prepone the present working hours by 30 minutes in the morning. for the purpose of declaring all the Saturdays as holidays as against the present position of 2 nd and 4th Saturdays as holidays . 5 day banking is one of the important residual issues left out in the bipartite settlement . While workmen unions wanted preponement of working hours by 30 minutes , officers associations had proposed extending the working hours at the end of the day .
Now UFBU had a meeting of its constituents on 15th , December 2022 and has recommended to IBA fresh compromise proposal to the IBA .
UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations .
The suggestions made by the UFBU are are
1. Present working hours may be increased by 30 minutes per day.
2. All Saturdays and Sundays to be declared as holidays .
3. Present respective timings of working hours may be preponed by 15 minutes in the morning and increased by 15 minutes in the evening .
4. Existing customer service hours/non-cash transaction banking hours may be increased by 30 minutes.
5. Existing cash transaction hours to remain the same.
UFBU has requested for an early decision by the IBA .
To read AIBEA circular in this regard , CLICK HERE
AIBEA DEFERS THE STRIKE PLAN FOR A DAY'S STRIKE :
Dated 20.11.2022 : All India Bank Employees Union ( AIBEA ), the leading employees union in the banking industry had given a call to its member to observe a day's strike on 19th , November 2022 . The call was given in protest against " the increasing attacks in various banks , against its leaders and attack on workmen rights "
After a series of discussion with IBA and concerned bank managements under the guidance of CLC ( Chief Labour Commissioner ) , assurances were given by CLC with regard to holding of bilateral meetings on various issues raised by AIBEA . CLC also advised the bank managements to comply labour laws while dealing with labour unions and its office bearers . In view of the assurances , AIBEA hasdeferred the strike plan .
To read the detailed circular of AIBEA dated 18.11.2022 , CLICK HERE
Dated 20.11.2022 : All India Bank Employees Union ( AIBEA ), the leading employees union in the banking industry had given a call to its member to observe a day's strike on 19th , November 2022 . The call was given in protest against " the increasing attacks in various banks , against its leaders and attack on workmen rights "
After a series of discussion with IBA and concerned bank managements under the guidance of CLC ( Chief Labour Commissioner ) , assurances were given by CLC with regard to holding of bilateral meetings on various issues raised by AIBEA . CLC also advised the bank managements to comply labour laws while dealing with labour unions and its office bearers . In view of the assurances , AIBEA hasdeferred the strike plan .
To read the detailed circular of AIBEA dated 18.11.2022 , CLICK HERE
BANKERS DA SET FOR A INCREASE FROM NOVEMBER 2022
Dated 01 .11.2022 : The salary of bankers is set for enhancement from the month of November 2022 , as the Dearness Allowance ( DA ) payable to bank employees / officers from November 2022 to January 2023 will go up by 30 slabs .
The average consumer index points have increased in the quarter ending September 2022 to 8576.69 points from earlier average of 8456 points . Accordingly the DA slabs have gone up by 30 slabs from 526 slabs to 556 . DA as % of Basic pay will increase by 2.10 % from 36.82 % % to 38. 92% .
For Official notifications from IBA , CLICK HERE
To read AIBEA circular , CLICK HERE
Dated 01 .11.2022 : The salary of bankers is set for enhancement from the month of November 2022 , as the Dearness Allowance ( DA ) payable to bank employees / officers from November 2022 to January 2023 will go up by 30 slabs .
The average consumer index points have increased in the quarter ending September 2022 to 8576.69 points from earlier average of 8456 points . Accordingly the DA slabs have gone up by 30 slabs from 526 slabs to 556 . DA as % of Basic pay will increase by 2.10 % from 36.82 % % to 38. 92% .
For Official notifications from IBA , CLICK HERE
To read AIBEA circular , CLICK HERE
11h Bipartite agreement is going to lapse :
BANKERS TO SUBMIT CHARTER OF DEMANDS :
Dated 21.10.2022 : The 11th Bipartite agreement between various bank workmen unions and bank officers associations , who are the constituents of UFBU except BEFI , was signed in November 2020 and is effective for 5 years from 01.11.2017 . It will come to an end on 31.10.2022 .
As scheduled , the four workman unions (AIBEA, NCBE , NOBW , & INBEF) have made a common charter of Demand and submitted to IBA today . Similarly the four officers associations ( AIBOC , AIBOA, INBOC , & NOBO) have also made their common charter of Demand and submitted to IBA today . To read the salient points of demands , CLICK HERE
SOURCE : Twitter CHV
BANKERS TO SUBMIT CHARTER OF DEMANDS :
Dated 21.10.2022 : The 11th Bipartite agreement between various bank workmen unions and bank officers associations , who are the constituents of UFBU except BEFI , was signed in November 2020 and is effective for 5 years from 01.11.2017 . It will come to an end on 31.10.2022 .
As scheduled , the four workman unions (AIBEA, NCBE , NOBW , & INBEF) have made a common charter of Demand and submitted to IBA today . Similarly the four officers associations ( AIBOC , AIBOA, INBOC , & NOBO) have also made their common charter of Demand and submitted to IBA today . To read the salient points of demands , CLICK HERE
SOURCE : Twitter CHV
AIBEA CALLS FOR A DAY'S STRIKE :
Dated 21.10.2022 : All India Bank Employees Union ( AIBEA ), the leading employees union in the banking industry has given a call to its member to observe a day's strike on 19th , November 2022 . The call is given in protest against " the increasing attacks in various banks , against its leaders and attack on workmen rights "
Dated 21.10.2022 : All India Bank Employees Union ( AIBEA ), the leading employees union in the banking industry has given a call to its member to observe a day's strike on 19th , November 2022 . The call is given in protest against " the increasing attacks in various banks , against its leaders and attack on workmen rights "
5 days banking :
OFFICERS ASSOCIATIONS PROPOSE DIFFERENTLY
Dated 16.10.2022 : Just like workmen unions , viz AIBIC , AIBOA , INBOC & NOBO had attended a meeting with IBA on 23rd , September 2022 to discuss the residual issues left out in the Bipartite settlements . Like workmen unions , they have also suggested to IBA to enhance the working hours per day by 30 minutes for the purpose of declaring all the Saturdays as holidays as against the present position of 2 nd and 4th Saturdays as holidays .
But officers association differ from workmen unions in how to utilize the additional working hours . Officers Associations propose
a. That the present working hours shall be increased by 30 minutes a day, ergo revising the closure time of working hours by extending it to further 30 minutes in the evening.
b. That Non cash transaction hours shall be extended by stretching 30 minutes in the evening.
c. The cash transaction hours to be reduced by 1 hour to provide a fillip to alternate channel transactions and thereby allow the officers to focus on compliance .
While workmen unions wanted preponement of working hours by 30 minutes , officers associations propose extending the working hours at the end of the day . Further while workmen unions wanted to retain cash transaction hours , officers associations seek reduction of cash transaction hour by 60 minutes so that branches can use them for other channel promotions.
We have to see how IBA and the Government will react to both the proposals .
OFFICERS ASSOCIATIONS PROPOSE DIFFERENTLY
Dated 16.10.2022 : Just like workmen unions , viz AIBIC , AIBOA , INBOC & NOBO had attended a meeting with IBA on 23rd , September 2022 to discuss the residual issues left out in the Bipartite settlements . Like workmen unions , they have also suggested to IBA to enhance the working hours per day by 30 minutes for the purpose of declaring all the Saturdays as holidays as against the present position of 2 nd and 4th Saturdays as holidays .
But officers association differ from workmen unions in how to utilize the additional working hours . Officers Associations propose
a. That the present working hours shall be increased by 30 minutes a day, ergo revising the closure time of working hours by extending it to further 30 minutes in the evening.
b. That Non cash transaction hours shall be extended by stretching 30 minutes in the evening.
c. The cash transaction hours to be reduced by 1 hour to provide a fillip to alternate channel transactions and thereby allow the officers to focus on compliance .
While workmen unions wanted preponement of working hours by 30 minutes , officers associations propose extending the working hours at the end of the day . Further while workmen unions wanted to retain cash transaction hours , officers associations seek reduction of cash transaction hour by 60 minutes so that branches can use them for other channel promotions.
We have to see how IBA and the Government will react to both the proposals .
5 days banking :
WORKMEN UNIONS PROPOSE ADDITIONAL WORKING TIME
Dated 14.10.2022 : The four workmen unions , viz AIBEA , NCBE , NOBW & INBEF had attended a meeting with IBA in September 2022 to discuss the residual issues left out in the Bipartite settlements . Now they have suggested to IBA to enhance the working hours per day by 30 minutes and to prepone the present working hours by 30 minutes in the morning. for the purpose of declaring all the Saturdays as holidays as against the present position of 2 nd and 4th Saturdays as holidays . 5 day banking is one of the important residual issues left out in the bipartite settlement .
The suggestions made by the unions are
1. Present working hours may be increased by 30 minutes per day.
2. Present respective timings of working hours may be preponed by 30 minutes in the morning.
3. Existing customer service hours/non-cash transaction banking hours may be increased by 30 minutes.
4. Existing cash transaction hours to remain the same.
Unions have also urged the management of IBA to resolve the issue of 5 day banking at the earliest , by implementing their suggestions .
WORKMEN UNIONS PROPOSE ADDITIONAL WORKING TIME
Dated 14.10.2022 : The four workmen unions , viz AIBEA , NCBE , NOBW & INBEF had attended a meeting with IBA in September 2022 to discuss the residual issues left out in the Bipartite settlements . Now they have suggested to IBA to enhance the working hours per day by 30 minutes and to prepone the present working hours by 30 minutes in the morning. for the purpose of declaring all the Saturdays as holidays as against the present position of 2 nd and 4th Saturdays as holidays . 5 day banking is one of the important residual issues left out in the bipartite settlement .
The suggestions made by the unions are
1. Present working hours may be increased by 30 minutes per day.
2. Present respective timings of working hours may be preponed by 30 minutes in the morning.
3. Existing customer service hours/non-cash transaction banking hours may be increased by 30 minutes.
4. Existing cash transaction hours to remain the same.
Unions have also urged the management of IBA to resolve the issue of 5 day banking at the earliest , by implementing their suggestions .
WAGE SETTLEMENT - RESIDUAL ISSUES
WORKMEN UNIONS ISSUE A JOINT CIRCULAR
Dated 24.09.2022 : IBA had met separately the representatives officers unions and staff unions yesterday afternoon to discuss the residual issues listed in the MOU . The four workmen unions , viz AIBEA , NCBE , NOBW & INBEF had attended the meeting on behalf of employees . In the meeting , the residual issues that including 5-day banking , pension updation , payment of stagnation increment , LFC and other issues were discussed . Now workmen unions have come out with a circular explaining what transpired in the meeting
1. FIVE DAY BANKING : Unions demanded 5 days banking by making all Saturdays and Sundays as holidays . IBA wanted revision of customer hours and working hours in all the five working days to compensate the additional holidays . Workmen unions have agreed for an extra 30 minutes working each day and matter will be discussed further .
2. UPDATION OF PENSION : Unions suggested to kickstart the updation in a phased manner beginning with 5th , 6th & 7th BPS , in case cost is the issue for banks . IBA wants alternate suggestions for updation of pension , as the present proposals require additional cost to be met .
3. EX-GRATIA FOR PRE-1986 RETIREES : The matter will be discussed with the managing committee of IBA
4. IMPROVEMENT IN PENSION SCHEME : IBA didn't accept any suggestions made in this regard including 50% pay for those retired after 20 years of service .
5. CHANGE IN DA SCHEME - SHIFTING OF BASE YEAR TO 2016 : IBA advised that issue may be taken in the next BPS discussion .
6. ALLOCATION TO STAFF WELFARE FUND BASED ON OPERATING PROFIT : The matter is with the government .
7. INCREASE IN CONBEYANCE ALLOWANCE FOR THE DISABLED EMPLOYEES : The matter is with the government
8. SPECIAL ALLOWANCE FOR NORTH EAST , SIKKIM , JAMMU & KASHMIR AND SIKKIM : IBA told that the matter requires approval from the government .
9. IMPROVEMENT IN MEDICAL INSURANCE SCHEME : The scheme is already finalized for the year 2022-23 . However the matter of adding cover for the parents of the staff will be taken up with the insurance company .
To read the joint circular dated 24.09.2022 , CLICK HERE
WAGE SETTLEMENT - RESIDUAL ISSUES
IBA MEETING WITH UNIONS INCONCLUSIVE
Dated 24.09.2022 : It is reported that the representatives of IBA met separately the representatives officers unions and staff unions yesterday afternoon to discuss the residual issues listed in the MOU .
In the meeting with officers unions Viz AIBOC , AIBOA, INBOC & NOBO , it is reported that exchange of views took place on the residual issues that included 5-day banking , pension updation , payment of stagnation increment , LFC and other issues were discussed .
In the meeting with workmen unions , the similar issues were also discussed . In the meeting it was suggested to increase daily working hours by 35 minutes to implement 5 day banking with Saturdays and Sundays to be off on all weeks .
It is also reported that no conclusive decision was taken with regard to any item in the agenda in both the meetings .
However official communications with regards to the meetings from unions are awaited
IBA MEETING WITH UNIONS INCONCLUSIVE
Dated 24.09.2022 : It is reported that the representatives of IBA met separately the representatives officers unions and staff unions yesterday afternoon to discuss the residual issues listed in the MOU .
In the meeting with officers unions Viz AIBOC , AIBOA, INBOC & NOBO , it is reported that exchange of views took place on the residual issues that included 5-day banking , pension updation , payment of stagnation increment , LFC and other issues were discussed .
In the meeting with workmen unions , the similar issues were also discussed . In the meeting it was suggested to increase daily working hours by 35 minutes to implement 5 day banking with Saturdays and Sundays to be off on all weeks .
It is also reported that no conclusive decision was taken with regard to any item in the agenda in both the meetings .
However official communications with regards to the meetings from unions are awaited
WAGE SETTLEMENT - RESIDUAL ISSUES
Dated 04.09.2022 : It is reported that the representatives of officers unions and staff unions AIBEA, NCBE, INBEF and NOBW are being invited for a meeting with IBA team on the Friday , 23.09.2022 at 2.00 pm to discuss the residual issues listed in the MOU .
The IBA has allotted a time slot of 90 minutes between 2.00 pm to 3.30 pm and the meeting will be preceded by a lunch hosted by IBA . It is also reported that IBA has invited two representatives each from AIBEA & NCBE and one each from NOBW & INBEF . BEFI has been left out of the meeting .
We presently have no information on how many representatives have been invited from officers associations .
The residual issues include 5-day banking , pension updation , family pension , NPS contribution etc
Dated 04.09.2022 : It is reported that the representatives of officers unions and staff unions AIBEA, NCBE, INBEF and NOBW are being invited for a meeting with IBA team on the Friday , 23.09.2022 at 2.00 pm to discuss the residual issues listed in the MOU .
The IBA has allotted a time slot of 90 minutes between 2.00 pm to 3.30 pm and the meeting will be preceded by a lunch hosted by IBA . It is also reported that IBA has invited two representatives each from AIBEA & NCBE and one each from NOBW & INBEF . BEFI has been left out of the meeting .
We presently have no information on how many representatives have been invited from officers associations .
The residual issues include 5-day banking , pension updation , family pension , NPS contribution etc
BANKERS DA SET FOR A INCREASE FROM AUGUST 2022
Dated 30 .07.2022 : The salary of bankers is set for enhancement from the month of August 2022 , as the Dearness Allowance ( DA ) payable to bank employees / officers from August 2022 to October 2022 will go up by 54 slabs .
The average consumer index points have increased in the quarter ending June 2022 to 8495 points from earlier average of 8241 points . Accordingly the DA slabs have gone up by 54 slabs from 472 slabs to 526 .
DA as % of Basic pay will increase by 3.78 % from 33.04 % % to 36.82 % .
Official notifications are yet to come from IBA and the figures above are subject to change and corrections .
For PENSIONERS DA HIKE NEWS , CLICK HERE
To read AIBEA circular , CLICK HERE
Dated 30 .07.2022 : The salary of bankers is set for enhancement from the month of August 2022 , as the Dearness Allowance ( DA ) payable to bank employees / officers from August 2022 to October 2022 will go up by 54 slabs .
The average consumer index points have increased in the quarter ending June 2022 to 8495 points from earlier average of 8241 points . Accordingly the DA slabs have gone up by 54 slabs from 472 slabs to 526 .
DA as % of Basic pay will increase by 3.78 % from 33.04 % % to 36.82 % .
Official notifications are yet to come from IBA and the figures above are subject to change and corrections .
For PENSIONERS DA HIKE NEWS , CLICK HERE
To read AIBEA circular , CLICK HERE
Bank Privatization Issue :
AIBEA OPPOSES PANAGARIA REPORT AND THREATENS PROLONGED STRIKE :
Dated 22.07.2022 : In a press release issued yesterday , All India Bank Employees Association ( AIBEA ) , the leading trade union in the banking sector , has opposed the Panagaria report on the issue of privatization of Banks . The report recently submitted to the government had made a case for privatization of all public sector Banks as private sector is said to be more efficient .
AIBEA has pooh-poohed the gist of the report and cited the instances of failures of many private banks while Public sector banks have participated in the economic development of the country by helping Agriculture and other priority sectors .
UFBU has already conducted a Dharna before the parliament yesterday against privatization of banks . Further AIBEA has informed that the bank staff would go on a prolonged strike , if the government brings in any bill in the parliament to privatize the banks .
Further AIBEA has also opposed The Insolvency and Bankruptcy Code , 2016 (IBC) which has been used to offer huge haircut to the defaulted large corporates to the detriment of public sector lenders .
To read the press release , CLICK HERE
AIBEA OPPOSES PANAGARIA REPORT AND THREATENS PROLONGED STRIKE :
Dated 22.07.2022 : In a press release issued yesterday , All India Bank Employees Association ( AIBEA ) , the leading trade union in the banking sector , has opposed the Panagaria report on the issue of privatization of Banks . The report recently submitted to the government had made a case for privatization of all public sector Banks as private sector is said to be more efficient .
AIBEA has pooh-poohed the gist of the report and cited the instances of failures of many private banks while Public sector banks have participated in the economic development of the country by helping Agriculture and other priority sectors .
UFBU has already conducted a Dharna before the parliament yesterday against privatization of banks . Further AIBEA has informed that the bank staff would go on a prolonged strike , if the government brings in any bill in the parliament to privatize the banks .
Further AIBEA has also opposed The Insolvency and Bankruptcy Code , 2016 (IBC) which has been used to offer huge haircut to the defaulted large corporates to the detriment of public sector lenders .
To read the press release , CLICK HERE
RESIDUAL ISSUES : UFBU NEGOTIATIONS WITH IBA RESTARTED :
Dated 03.07.2022 : The first meeting between IBA and UFBU , after withdrawal of strike call , was held on 1st, July 2022 at the IBA Office , Mumbai . The following issues were discussed in the meeting :
1. Five Day banking : with regard to the demand of UBFU on this issue , IBA wanted to have further deliberations on cash hours , total working hours along with holidays on all Saturdays and Sundays . IBA will take up with higher authorities for approval on arriving at a conclusion on all the related issues .
2. Updation of Pension : As proposal has additional cost , IBA wanted to working on the issue and check the cost aspect and hence discussions on the issue will continue .
3. Improvement of pension scheme : Periodic updation of pension along with bipartite settlement , full pension for retirees with 20 years of service etc were discussed and IBA will take up with the government .
4. Change in DA Scheme to base year 2016 : The matter will be taken up along with next regular bipartite negotiations .
5. Allocation to staff welfare fund : IBA has taken up with the government the matter of allocation to base on operating profit instead of net profit .
UFBU also discussed other matters like increase in conveyance allowance to handicapped employees , special allowance to employees of J & k , Sikkim and Himachal Pradesh , improvement in medical insurance schemes . exemption of income tax on retirement benefits and Uniform business hours in all the branches .
Finally it was decided that IBA and UFBU would continue to have meetings till issues are sorted out .
Source : UFBU Circular dated 02.07.2022
Dated 03.07.2022 : The first meeting between IBA and UFBU , after withdrawal of strike call , was held on 1st, July 2022 at the IBA Office , Mumbai . The following issues were discussed in the meeting :
1. Five Day banking : with regard to the demand of UBFU on this issue , IBA wanted to have further deliberations on cash hours , total working hours along with holidays on all Saturdays and Sundays . IBA will take up with higher authorities for approval on arriving at a conclusion on all the related issues .
2. Updation of Pension : As proposal has additional cost , IBA wanted to working on the issue and check the cost aspect and hence discussions on the issue will continue .
3. Improvement of pension scheme : Periodic updation of pension along with bipartite settlement , full pension for retirees with 20 years of service etc were discussed and IBA will take up with the government .
4. Change in DA Scheme to base year 2016 : The matter will be taken up along with next regular bipartite negotiations .
5. Allocation to staff welfare fund : IBA has taken up with the government the matter of allocation to base on operating profit instead of net profit .
UFBU also discussed other matters like increase in conveyance allowance to handicapped employees , special allowance to employees of J & k , Sikkim and Himachal Pradesh , improvement in medical insurance schemes . exemption of income tax on retirement benefits and Uniform business hours in all the branches .
Finally it was decided that IBA and UFBU would continue to have meetings till issues are sorted out .
Source : UFBU Circular dated 02.07.2022
BANKERS' STRIKE DEFERRED , NEGOTIATIONS TO RESTART
Dated 23.06.2022 : United Forum of Bank unions ( UFBU ) had given a call for strike on 27th JUNE 2022 to press for the fulfillment of various pending demands with the Indian Bankers Association .
In a bid to avert the strike , Chief Labour Commissioner had Ministry of Labour held a second round conciliatory meeting today with the representatives of the member unions of UFBU today . The first round of meeting had held on 21st June was not successful . IBA representatives also attended the meeting held in CLC's office in New Delhi today . Union leaders had demanded a time bound commitment to resolve the issues raised by them and IBA did not agree to give such a commitment .
As today IBA agreed to commence negotiations on the demands of UFBU on 1st July , UFBU has decided to defer the strike plan and participate in negotiations to be held in the month of July .
Further it's reported that IBA has called , as a follow up measure , for a meeting with UFBU representatives ( except BEFI ) on 1 st , July 2022 at 2.30 PM at their Cuffe Parade Office , Mumbai to discuss the residual issues .
UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations .
UFBU has demanded the resolution of the following issues
1. 5 day banking
2 .Updation of pension
3 .Scrap NPS
4. Settle residual pending issues
5. Extend wage revision in csb bank and LVB
Dated 23.06.2022 : United Forum of Bank unions ( UFBU ) had given a call for strike on 27th JUNE 2022 to press for the fulfillment of various pending demands with the Indian Bankers Association .
In a bid to avert the strike , Chief Labour Commissioner had Ministry of Labour held a second round conciliatory meeting today with the representatives of the member unions of UFBU today . The first round of meeting had held on 21st June was not successful . IBA representatives also attended the meeting held in CLC's office in New Delhi today . Union leaders had demanded a time bound commitment to resolve the issues raised by them and IBA did not agree to give such a commitment .
As today IBA agreed to commence negotiations on the demands of UFBU on 1st July , UFBU has decided to defer the strike plan and participate in negotiations to be held in the month of July .
Further it's reported that IBA has called , as a follow up measure , for a meeting with UFBU representatives ( except BEFI ) on 1 st , July 2022 at 2.30 PM at their Cuffe Parade Office , Mumbai to discuss the residual issues .
UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations .
UFBU has demanded the resolution of the following issues
1. 5 day banking
2 .Updation of pension
3 .Scrap NPS
4. Settle residual pending issues
5. Extend wage revision in csb bank and LVB
BANKERS' STRIKE : RECONCILIATION FAILS
Dated 22.06.2022 : United Forum of Bank unions ( UFBU ) has given a call for strike on 27th JUNE 2022 to press for the fulfillment of various pending demands with the Indian Bankers Association .
In a bid to avert the strike , Chief Labour Commissioner had Ministry of Labour held a conciliatory meeting with the representatives of the member unions of UFBU yesterday . IBA representatives also attended the meeting held in CLC's office in New Delhi . Union leaders demanded a time bound commitment to resolve the issues raised by them and IBA did not agree to give such a commitment . Hence AIBEA general secretary has announced to go ahead with the planned strike .
Dated 22.06.2022 : United Forum of Bank unions ( UFBU ) has given a call for strike on 27th JUNE 2022 to press for the fulfillment of various pending demands with the Indian Bankers Association .
In a bid to avert the strike , Chief Labour Commissioner had Ministry of Labour held a conciliatory meeting with the representatives of the member unions of UFBU yesterday . IBA representatives also attended the meeting held in CLC's office in New Delhi . Union leaders demanded a time bound commitment to resolve the issues raised by them and IBA did not agree to give such a commitment . Hence AIBEA general secretary has announced to go ahead with the planned strike .
UFBU CALLS FOR BANKERS' STRIKE :
Dated 08.06.2022 : In a meeting held today at Mumbai , United Forum of Bank unions ( UFBU ) decided to give a call for strike on 27th JUNE 2022 . Detailed Circular is awaited .
Dated 08.06.2022 : In a meeting held today at Mumbai , United Forum of Bank unions ( UFBU ) decided to give a call for strike on 27th JUNE 2022 . Detailed Circular is awaited .
RENEWAL OF GROUP INSURANCE POLICY :
IBA calls for a meting with UFBU constituents
Dated 05.06.2022 : The group insurance policy taken for bank staff is due for renewal on 30.09.2022 and similarly Retirees policy will expire on 31.10.2022 . The present policy is taken with National Insurance Company .
It's reported that Indian Bankers Association ( IBA ) has constituted a committee of CGMS/ GMS of various public sector banks to handle the issue of renewal of group health insurance policy and the committee has called for a meeting with various constituents of UFBU ( except BEFI ) to discuss the issue on the Wednesday 08th , June 2022 at their office of IBA in Mumbai .
UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations .
IBA calls for a meting with UFBU constituents
Dated 05.06.2022 : The group insurance policy taken for bank staff is due for renewal on 30.09.2022 and similarly Retirees policy will expire on 31.10.2022 . The present policy is taken with National Insurance Company .
It's reported that Indian Bankers Association ( IBA ) has constituted a committee of CGMS/ GMS of various public sector banks to handle the issue of renewal of group health insurance policy and the committee has called for a meeting with various constituents of UFBU ( except BEFI ) to discuss the issue on the Wednesday 08th , June 2022 at their office of IBA in Mumbai .
UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations .
BANKERS DA SET FOR A NOMINAL INCREASE FROM MAY 2022
Dated 30 .04.2022 : The salary of bankers is set for a nominal enhancement from the month of May 2022 , as the Dearness Allowance ( DA ) payable to bank employees / officers from May 2022 to July 2022 will go up by 1 slab .
The average consumer index points have increased in the quarter ending March 2022 to 8241.43 points from earlier average of 8239.24 points . Accordingly the DA slabs have gone up by 1 slab from 471 slabs to 472 .
DA as % of Basic pay will increase by 0.07 % from 32.97 % % to 33.04 %
Source : AIBOC circular
Dated 30 .04.2022 : The salary of bankers is set for a nominal enhancement from the month of May 2022 , as the Dearness Allowance ( DA ) payable to bank employees / officers from May 2022 to July 2022 will go up by 1 slab .
The average consumer index points have increased in the quarter ending March 2022 to 8241.43 points from earlier average of 8239.24 points . Accordingly the DA slabs have gone up by 1 slab from 471 slabs to 472 .
DA as % of Basic pay will increase by 0.07 % from 32.97 % % to 33.04 %
Source : AIBOC circular
IBA to look into Residual Issues : UFBU
WAGE SETTLEMENT - RESIDUAL ISSUES
Dated 15.04.2022 : A meeting was held between constituents of UFBU with Mr A.K.Goel , Chairman of IBA on 13-04-2022 at IBA Office in Mumbai. Representatives of AIBEA, NCBE, NOBW, INBEF from Workman Unions and AIBOC, AIBOA, INBEF, NOBW from Officers Associations participated in the discussions held respectively with Workman Unions and with Officers Associations. Indian Bankers Association was represented by Mr. M.V. Rao, Chairman of HR Committee of IBA (MD & CEO of Central Bank of India), Mr. Sunil Mehta, Chief Executive of IBA and Mr. Gopal Murali Bhagat, Dy. CE, IBA.
In the meeting , UFBU representatives explained all the pending and residual issues and urged upon the IBA Chairman to work
out a time-bound programme of discussions to amicably resolve the issues through mutual discussions because all these issues remaining pending for a long time. IBA chairman listened to all viewpoints raised by UFBU members patiently . The issues raised by the UFBU constituents were :
1. Five Day Banking
2. Updation of pension, improvement in pension scheme and other pension related issues.
3. Clarifications/FAQs to be given to the Banks on various important issues like stagnation increment, fixation for Ex-servicemen employees.
4. Issuing FAQ on issues referred by Banks regarding implementation of Bipartite Settlement/Joint Note dated 11-11-2020.
5. Residual issues as listed in the minutes of discussions signed with Workman Unions on 10-12-2020 and with Officers Associations on 4-1-2021.
6. Renewal of Group Medical Insurance Policy after discussions with the Unions on improvements. Discussion to be held on ways and means to
reduce the premium payable by retirees.
Mr A.K.Goel assured the UFBU Representatives to take steps to resolve the issues raised in the meeting
Source : UFBU CIRCULAR DATED 15.04.2022
Dated 15.04.2022 : A meeting was held between constituents of UFBU with Mr A.K.Goel , Chairman of IBA on 13-04-2022 at IBA Office in Mumbai. Representatives of AIBEA, NCBE, NOBW, INBEF from Workman Unions and AIBOC, AIBOA, INBEF, NOBW from Officers Associations participated in the discussions held respectively with Workman Unions and with Officers Associations. Indian Bankers Association was represented by Mr. M.V. Rao, Chairman of HR Committee of IBA (MD & CEO of Central Bank of India), Mr. Sunil Mehta, Chief Executive of IBA and Mr. Gopal Murali Bhagat, Dy. CE, IBA.
In the meeting , UFBU representatives explained all the pending and residual issues and urged upon the IBA Chairman to work
out a time-bound programme of discussions to amicably resolve the issues through mutual discussions because all these issues remaining pending for a long time. IBA chairman listened to all viewpoints raised by UFBU members patiently . The issues raised by the UFBU constituents were :
1. Five Day Banking
2. Updation of pension, improvement in pension scheme and other pension related issues.
3. Clarifications/FAQs to be given to the Banks on various important issues like stagnation increment, fixation for Ex-servicemen employees.
4. Issuing FAQ on issues referred by Banks regarding implementation of Bipartite Settlement/Joint Note dated 11-11-2020.
5. Residual issues as listed in the minutes of discussions signed with Workman Unions on 10-12-2020 and with Officers Associations on 4-1-2021.
6. Renewal of Group Medical Insurance Policy after discussions with the Unions on improvements. Discussion to be held on ways and means to
reduce the premium payable by retirees.
Mr A.K.Goel assured the UFBU Representatives to take steps to resolve the issues raised in the meeting
Source : UFBU CIRCULAR DATED 15.04.2022
WAGE SETTLEMENT - RESIDUAL ISSUES
Dated 10.04.2022 : It is reported that the representatives of officers unions viz AIBOC , AIBOA , INBOC & NOBO and staff unions AIBEA, NCBE, INBEF and NOBW are being invited for a meeting with IBA team on 13.04.2022 , to discuss the residual issues listed in the MOU .
The residual issues include 5-day banking , pension updation , family pension , NPS contribution etc
Dated 10.04.2022 : It is reported that the representatives of officers unions viz AIBOC , AIBOA , INBOC & NOBO and staff unions AIBEA, NCBE, INBEF and NOBW are being invited for a meeting with IBA team on 13.04.2022 , to discuss the residual issues listed in the MOU .
The residual issues include 5-day banking , pension updation , family pension , NPS contribution etc
STRIKE A SUCCESS , REGRET INCONVENIENCE TO PUBLIC : AIBEA
Dated 29.03.2022 : In today's press release All India Bank Employees Association ( AIBEA ) , the leading trade union in banking sector , has regretted the inconvenience caused to the banking public by its two day strike call for yesterday and today . It has termed the strike as " Success " It has reported that normal banking operations could not be done in many bank branches across the states yesterday . Clearing operations were affected in many centres .
It has reiterated the issues raised for the strike like privatization , outsourcing and New Pension scheme . The unions are opposing steps taken by the government and management of banks on the issues of privatization of selected public sector banks , outsourcing of personnel for doing regular banking operations and introduction of new pension scheme . .
The strike continues today also and banks are expected to reopen tomorrow to work as usual .
To read AIBEA Press release , CLICK HERE
Dated 29.03.2022 : In today's press release All India Bank Employees Association ( AIBEA ) , the leading trade union in banking sector , has regretted the inconvenience caused to the banking public by its two day strike call for yesterday and today . It has termed the strike as " Success " It has reported that normal banking operations could not be done in many bank branches across the states yesterday . Clearing operations were affected in many centres .
It has reiterated the issues raised for the strike like privatization , outsourcing and New Pension scheme . The unions are opposing steps taken by the government and management of banks on the issues of privatization of selected public sector banks , outsourcing of personnel for doing regular banking operations and introduction of new pension scheme . .
The strike continues today also and banks are expected to reopen tomorrow to work as usual .
To read AIBEA Press release , CLICK HERE
BANK EMPLOYEES AND OFFICERS TO GO ON STRIKE
Strike in Other Sectors too :
Dated 27.03.2022 : All India Bank Employees Association ( AIBEA ) , All India Bank Officers Association ( AIBOA ) and Bank Employees Federation of India ( BEFI ) , the leading trade unions of banking industry , have given strike notice intimating about their members participation in a strike for 2 days on 28th , & 29th , March 2022 ( Tomorrow & Day after ) in support of the following demands :
1. Stop Privatisation
2. Stop Outsourcing
3. Regularise all contract employees
4. Stop Haircuts and start recovery of bad loans
5. Scrap New Pension scheme and revert to DA linked pension schemes
STRIKE IN VARIOUS SECTORS :
Apart from bank employees strike notice , various central trade unions have called for two days All India strike on the same days of 28th & 29th March 2022 protesting against " the anti-worker, anti-farmer, anti-people and anti-national policies of the central government. "
The central unions which have called such a total strike include are Hind Mazdoor Sabha (HMS), Centre of Indian Trade Unions (CITU), Indian National Trade Union Congress (INTUC), All India Trade Union Congress (AITUC), Self Employed Women's Association (SEWA), All India United Trade Union Centre (AIUTUC), Trade Union Coordination Centre (TUCC), All India Central Council of Trade Unions (AICCTU), Labour Progressive Federation (LPF) and United Trade Union Congress (UTUC). However Bharatiya Mazdoor Sangh ( BMS ) will not participate in the strike .
Samyukta Kisan Morcha ( SKM ) has called for Rural Bandh on the same days .
It is reported that the strike notices have been given by unions in the sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks, insurance among others .
Strike in Other Sectors too :
Dated 27.03.2022 : All India Bank Employees Association ( AIBEA ) , All India Bank Officers Association ( AIBOA ) and Bank Employees Federation of India ( BEFI ) , the leading trade unions of banking industry , have given strike notice intimating about their members participation in a strike for 2 days on 28th , & 29th , March 2022 ( Tomorrow & Day after ) in support of the following demands :
1. Stop Privatisation
2. Stop Outsourcing
3. Regularise all contract employees
4. Stop Haircuts and start recovery of bad loans
5. Scrap New Pension scheme and revert to DA linked pension schemes
STRIKE IN VARIOUS SECTORS :
Apart from bank employees strike notice , various central trade unions have called for two days All India strike on the same days of 28th & 29th March 2022 protesting against " the anti-worker, anti-farmer, anti-people and anti-national policies of the central government. "
The central unions which have called such a total strike include are Hind Mazdoor Sabha (HMS), Centre of Indian Trade Unions (CITU), Indian National Trade Union Congress (INTUC), All India Trade Union Congress (AITUC), Self Employed Women's Association (SEWA), All India United Trade Union Centre (AIUTUC), Trade Union Coordination Centre (TUCC), All India Central Council of Trade Unions (AICCTU), Labour Progressive Federation (LPF) and United Trade Union Congress (UTUC). However Bharatiya Mazdoor Sangh ( BMS ) will not participate in the strike .
Samyukta Kisan Morcha ( SKM ) has called for Rural Bandh on the same days .
It is reported that the strike notices have been given by unions in the sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks, insurance among others .
AIBEA ANNOUNCES BANK EMPLOYEES STRIKE
Bank employees strike - Call by AIBEA
Dated 04.03.2022 : All India Bank Employees Association ( AIBEA ) , the leading trade union in banking industry , has given a call to participate in a strike for 2 days on 28th , & 29th , March 2022 ( last Monday & Tuesday of the month ) in support of the following demands :
1. Stop Privatisation
2. Stop Outsourcing
3. Regularise all contract employees
4. Stop Haircuts and start recovery of bad loans
5. Scrap New Pension scheme and revert to DA linked pension schemes
Dated 04.03.2022 : All India Bank Employees Association ( AIBEA ) , the leading trade union in banking industry , has given a call to participate in a strike for 2 days on 28th , & 29th , March 2022 ( last Monday & Tuesday of the month ) in support of the following demands :
1. Stop Privatisation
2. Stop Outsourcing
3. Regularise all contract employees
4. Stop Haircuts and start recovery of bad loans
5. Scrap New Pension scheme and revert to DA linked pension schemes
AIBEA Circular on pension updation / DA updation
Dated 31.01.2022 : The average consumer index points have increased in the quarter ending December 2021 to 8239.24 from earlier average of 8088 points . Accordingly the DA slabs have gone up by 37 slabs from 434 slabs to 471 .
In tune with raising Consumer Price Index noted , the Dearness Allowance ( DA ) payable to bank pensioners from February 2022 to July 2022 will be enhanced by 37 slabs .New DA Rates from February 2022 to July 2022 for pensioners retired earlier is as follows :
1. Pensioners retired after 31.10 2017 : 32.97 % of Basic Pay ( 471 slabs over 6352 points )
2. Pensioners retired between 01.11.2012 to 31.10 2017 : 94.90 % of Basic pension ( 949 slabs over 4440 points )
1. Pensioners retired between 01.11.2007 to 31.10 2012 : 202.50 % of Basic pension ( 1350 slabs over 2836 points)
2. Pensioners retired between 01.11.2002 to 31.10 2007 : 267.66 % of Basic pension ( 1487 slabs over 2288 points )
3. Pensioners retired between 01.04 .1998 to 31.10 2002 :
a. Up to Basic pension Rs 3,550 : 393.12 %
b. Basic pension between Rs 3,551 to Rs 5,650 : Rs 13,325.28 + 327.60 % of Basic pension exceeding Rs 3,550
c. Basic pension between Rs 5,651 to Rs 6,010 : Rs 19,894.08 + 196.56 % of Basic pension exceeding Rs 5,650
d. Basic pension above Rs 6,010 : Rs 20,569 .72 + 98.28 % of Basic pension exceeding Rs 6,010
Similarly the pensioners retired earlier will also get DA enhancement .
SOURCE: AIBEA circular . AND UPDATED OFFICIAL CIRCULAR FROM IBA
In tune with raising Consumer Price Index noted , the Dearness Allowance ( DA ) payable to bank pensioners from February 2022 to July 2022 will be enhanced by 37 slabs .New DA Rates from February 2022 to July 2022 for pensioners retired earlier is as follows :
1. Pensioners retired after 31.10 2017 : 32.97 % of Basic Pay ( 471 slabs over 6352 points )
2. Pensioners retired between 01.11.2012 to 31.10 2017 : 94.90 % of Basic pension ( 949 slabs over 4440 points )
1. Pensioners retired between 01.11.2007 to 31.10 2012 : 202.50 % of Basic pension ( 1350 slabs over 2836 points)
2. Pensioners retired between 01.11.2002 to 31.10 2007 : 267.66 % of Basic pension ( 1487 slabs over 2288 points )
3. Pensioners retired between 01.04 .1998 to 31.10 2002 :
a. Up to Basic pension Rs 3,550 : 393.12 %
b. Basic pension between Rs 3,551 to Rs 5,650 : Rs 13,325.28 + 327.60 % of Basic pension exceeding Rs 3,550
c. Basic pension between Rs 5,651 to Rs 6,010 : Rs 19,894.08 + 196.56 % of Basic pension exceeding Rs 5,650
d. Basic pension above Rs 6,010 : Rs 20,569 .72 + 98.28 % of Basic pension exceeding Rs 6,010
Similarly the pensioners retired earlier will also get DA enhancement .
SOURCE: AIBEA circular . AND UPDATED OFFICIAL CIRCULAR FROM IBA
BANKERS DA SET FOR A INCREASE FROM FEBRUARY 2022
Dated 31 .01.2022 : The salary of bankers is set for a enhancement from the month of February 2022 , as the Dearness Allowance ( DA ) payable to bank employees / officers from February 2022 to April 2022 will go up by 37 slabs .
The average consumer index points have increased in the quarter ending December 2021 to 8239.24 from earlier average of 8088 points . Accordingly the DA slabs have gone up by 37 slabs from 434 slabs to 471 .
DA as % of Basic pay will increase by 2.59 % from 30.38 % to 32.97 %
Source : AIBEA circular
Dated 31 .01.2022 : The salary of bankers is set for a enhancement from the month of February 2022 , as the Dearness Allowance ( DA ) payable to bank employees / officers from February 2022 to April 2022 will go up by 37 slabs .
The average consumer index points have increased in the quarter ending December 2021 to 8239.24 from earlier average of 8088 points . Accordingly the DA slabs have gone up by 37 slabs from 434 slabs to 471 .
DA as % of Basic pay will increase by 2.59 % from 30.38 % to 32.97 %
Source : AIBEA circular
UFBU CIRCULAR ON BANKERS AGITATION
BANKERS STRIKE STANDS :
TODAY'S UFBU MEETING WITH IBA / GOVERNMENT FAILS :
Dated 15.12. 2021 : As bank unions didn't get any assurance from the government with regard to non-introduction of bills with regard to privatization in the today's meeting , the unions are going ahead with their strike plan .
Today's meeting was attended by the representatives of AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC and BKSM . IBA was represented by its Dy Chief Executive Mr G.M.Bhagat . Finance Ministry was represented by the Joint Secretary and Director of DFS .
Representative of Finance ministry advised that the government has not so far taken any concrete step towards Privatization , except announcing in the budget by FM and including a bill in the current parliamentary session . But they didn't give any assurance that the bill would not be introduced or about dropping of the proposal . Hence , in the absence of any assurance, UFBU decided to go ahead with their strike plan .
As per the agitation plan of bank employees ( See below ) , public bank staff and officers are set to go on two days strike on 16th and 17th December 2021 . While unions are gearing up their members to participate in the strike , Chairman of Indian Bankers Association has appealed to UFBU to call off the scheduled strike as such strike would inconvenience the bank customers and affect the economic recovery of the country .
TO read UFBU circular , CLICK HERE
TODAY'S UFBU MEETING WITH IBA / GOVERNMENT FAILS :
Dated 15.12. 2021 : As bank unions didn't get any assurance from the government with regard to non-introduction of bills with regard to privatization in the today's meeting , the unions are going ahead with their strike plan .
Today's meeting was attended by the representatives of AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC and BKSM . IBA was represented by its Dy Chief Executive Mr G.M.Bhagat . Finance Ministry was represented by the Joint Secretary and Director of DFS .
Representative of Finance ministry advised that the government has not so far taken any concrete step towards Privatization , except announcing in the budget by FM and including a bill in the current parliamentary session . But they didn't give any assurance that the bill would not be introduced or about dropping of the proposal . Hence , in the absence of any assurance, UFBU decided to go ahead with their strike plan .
As per the agitation plan of bank employees ( See below ) , public bank staff and officers are set to go on two days strike on 16th and 17th December 2021 . While unions are gearing up their members to participate in the strike , Chairman of Indian Bankers Association has appealed to UFBU to call off the scheduled strike as such strike would inconvenience the bank customers and affect the economic recovery of the country .
TO read UFBU circular , CLICK HERE
LATEST NEWS ON BANKERS AGITATION AGAINST PRIVATIZATION :
TODAY'S UFBU MEETING WITH IBA / GOVERNMENT :
Dated 14.12. 2021 : As per the agitation plan of bank employees ( See below ) , public bank staff and officers are set to go on two days strike on 16th and 17th December 2021 . While unions are gearing up their members to participate in the strike , Chairman of Indian Bankers Association has appealed to UFBU to call off the scheduled strike as such strike would inconvenience the bank customers and affect the economic recovery of the country .
As per media reports , bankers agitation has been supported by West Bengal Chief Minister Ms Mamata Banerjee and Farmers leader Sri Rakesh Tikait apart from various other trade unions . Further Indian express has reported that the Government is yet to finalize the names of two banks to be privatized and is waiting for the third quarter results .
In the mean time , AIBEA has advised that unions are ready to defer their strike plan provided Government drops its plan to introduce banking amendment bill to privatize the public sector banks . Labour Department had called for a recon ciliary meeting today between unions and Government . The meeting is adjourned to tomorrow for further negotiations .
Today's Ufbu message : The adjourned conciliation meeting was held today in Delhi. We reiterated our standpoint and views. IBA and govt attended. Meeting is adjourned to tomorrow. Circular follows . -Chv AIBEA
TODAY'S UFBU MEETING WITH IBA / GOVERNMENT :
Dated 14.12. 2021 : As per the agitation plan of bank employees ( See below ) , public bank staff and officers are set to go on two days strike on 16th and 17th December 2021 . While unions are gearing up their members to participate in the strike , Chairman of Indian Bankers Association has appealed to UFBU to call off the scheduled strike as such strike would inconvenience the bank customers and affect the economic recovery of the country .
As per media reports , bankers agitation has been supported by West Bengal Chief Minister Ms Mamata Banerjee and Farmers leader Sri Rakesh Tikait apart from various other trade unions . Further Indian express has reported that the Government is yet to finalize the names of two banks to be privatized and is waiting for the third quarter results .
In the mean time , AIBEA has advised that unions are ready to defer their strike plan provided Government drops its plan to introduce banking amendment bill to privatize the public sector banks . Labour Department had called for a recon ciliary meeting today between unions and Government . The meeting is adjourned to tomorrow for further negotiations .
Today's Ufbu message : The adjourned conciliation meeting was held today in Delhi. We reiterated our standpoint and views. IBA and govt attended. Meeting is adjourned to tomorrow. Circular follows . -Chv AIBEA
BANKERS ON AGITATION PATH AGAINST PRIVATISATION MOVE OF THE GOVERNMENT
Dated 02.12.2021 : While Government is presenting a bill to amend banking laws ( For details click here ) to facilitate privatisation of public sector banks , United Forum of Bank Unions ( UFBU ) have prepared their agitation programme against the government bill . UFBU has given call to their members who are employees and officers of various banks to participate in the agitation moves as well as nationwide strikes . UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations .
The agitation starts tomorrow with submission of petition to members of parliament and ends up with nationwide strike on 16th & 17th December , 2021 .
The detailed plan is as below ( Source : TWITTER A/C chv ) :
Dated 02.12.2021 : While Government is presenting a bill to amend banking laws ( For details click here ) to facilitate privatisation of public sector banks , United Forum of Bank Unions ( UFBU ) have prepared their agitation programme against the government bill . UFBU has given call to their members who are employees and officers of various banks to participate in the agitation moves as well as nationwide strikes . UFBU is an umbrella body of 9 Bank unions AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO which represents bank employees unions and bank officers associations .
The agitation starts tomorrow with submission of petition to members of parliament and ends up with nationwide strike on 16th & 17th December , 2021 .
The detailed plan is as below ( Source : TWITTER A/C chv ) :
Bankers News Today / Latest
AIBEA CIRCULAR ON DA HIKE
BANKERS DA SET FOR A INCREASE FROM NOVEMBER 2021
Dated 30 .10.2021 : The salary of bankers is set for a enhancement from the month of November 2021 , as the Dearness Allowance ( DA ) payable to bank employees / officers from November 2021 to January 2022 will go up by 37 slabs .
The average consumer index points have increased in the quarter ending September 2021 to 8,088.04 from earlier average of 7940 points . Accordingly the DA slabs have gone up by 37 slabs from 397 slabs to 434 .
DA as % of Basic pay will increase by 2.59 % from 27.79 % to 30.38 %
Source : AIBEA circular
Note : Bank Pensioners DA is due for revision only in February 2022 .
Dated 30 .10.2021 : The salary of bankers is set for a enhancement from the month of November 2021 , as the Dearness Allowance ( DA ) payable to bank employees / officers from November 2021 to January 2022 will go up by 37 slabs .
The average consumer index points have increased in the quarter ending September 2021 to 8,088.04 from earlier average of 7940 points . Accordingly the DA slabs have gone up by 37 slabs from 397 slabs to 434 .
DA as % of Basic pay will increase by 2.59 % from 27.79 % to 30.38 %
Source : AIBEA circular
Note : Bank Pensioners DA is due for revision only in February 2022 .
RENEWAL OF GROUP INSURANCE FOR BANK EMPLOYEES AND RETIREES FINALISED
Dated 18.09.2021 : Indian Bankers Association ( IBA ) has advised member banks to continue renewal of the group insurance health policy for bank employees with National Insurance Company , from 01.10.2021 for one year till 30.09.2022 .
FOR SERVING BANK EMPLOYEES / OFFICERS :
The premium will be paid by the bankers for the basic policy : Award staff Rs 3.00 lakhs and Officers Rs 4.00 lakhs :
However clerical staff will have to pay for super top up policy for total cover of Rs 7.00 lakhs a premium of RS 5,567 invclusive of GST . Similarly officers have to pay a premium of Rs 6,957 inclusive of GST if they opt for a total cover of Rs 9.00 lakhs for the super top up policy .
GROUP POLICY FOR RETIREE BANK EMPLOYEES / OFFICERS :
Retiree staff and officers can renew the group insurance policy , which will expire on 31.10.2021 at the following cost with the National insurance company as follows :
1. Retired clerical staff for a cover of Rs 3.00 lakhs at the premium of Rs 28,715 ( Plus GST ) without domiciliary and Rs 55,175 + GST with domiciliary
2. Retired officers for a cover of Rs 4.00 lakhs at the premium of Rs 36, 652 ( plus GST ) without domiciliary and Rs 72,917 + GST with domiciliary
The premium structure higher by 40.02 % for the clerical staff to the premiums paid during the last year ( without domiciliary ) and 8.41 % for the policy with domiciliary .
The premium structure higher by 34.05 % for the retired officers to the premiums paid during the last year ( without domiciliary ) and 7.46 % for the policy with domiciliary
The new policy for the retirees with National insurance co ltd will be effective from 01.11.2021 for one year . It is reported that the insurance company will directly inform the individual banks with regard to multiple policy variants for premiums
Rs 1 .00 lakh , Rs 2.00 lakh and Rs 3.00 lakhs . Further details regarding change of terms & conditions if any and Top up policy / other information are awaited and we will report as soon as we have information .
Dated 18.09.2021 : Indian Bankers Association ( IBA ) has advised member banks to continue renewal of the group insurance health policy for bank employees with National Insurance Company , from 01.10.2021 for one year till 30.09.2022 .
FOR SERVING BANK EMPLOYEES / OFFICERS :
The premium will be paid by the bankers for the basic policy : Award staff Rs 3.00 lakhs and Officers Rs 4.00 lakhs :
However clerical staff will have to pay for super top up policy for total cover of Rs 7.00 lakhs a premium of RS 5,567 invclusive of GST . Similarly officers have to pay a premium of Rs 6,957 inclusive of GST if they opt for a total cover of Rs 9.00 lakhs for the super top up policy .
GROUP POLICY FOR RETIREE BANK EMPLOYEES / OFFICERS :
Retiree staff and officers can renew the group insurance policy , which will expire on 31.10.2021 at the following cost with the National insurance company as follows :
1. Retired clerical staff for a cover of Rs 3.00 lakhs at the premium of Rs 28,715 ( Plus GST ) without domiciliary and Rs 55,175 + GST with domiciliary
2. Retired officers for a cover of Rs 4.00 lakhs at the premium of Rs 36, 652 ( plus GST ) without domiciliary and Rs 72,917 + GST with domiciliary
The premium structure higher by 40.02 % for the clerical staff to the premiums paid during the last year ( without domiciliary ) and 8.41 % for the policy with domiciliary .
The premium structure higher by 34.05 % for the retired officers to the premiums paid during the last year ( without domiciliary ) and 7.46 % for the policy with domiciliary
The new policy for the retirees with National insurance co ltd will be effective from 01.11.2021 for one year . It is reported that the insurance company will directly inform the individual banks with regard to multiple policy variants for premiums
Rs 1 .00 lakh , Rs 2.00 lakh and Rs 3.00 lakhs . Further details regarding change of terms & conditions if any and Top up policy / other information are awaited and we will report as soon as we have information .
- ENHANCEMENT OF FAMILY PENSION AND NPS CONTIBUTION APPROVED : DFS
25.08.2021 : It is reported that enhancement of Family Pension and employer's contribution to NPS is approved by the Financial Minister Ms Nirmala Sitharaman . Cap on family pension is removed and uniform 30% will be in force .
. This move would make family pension go up to as much as Rs 30,000 to Rs 35,000 per family of bank employees. This was announced by the Secretary, Department of Financial Services, Ministry of Finance, at a press meet addressed by Finance Minister Smt. Nirmala Sitharaman in Mumbai today.
Secretary, DFS informed that, in continuation of the 11th bi-partite settlement on wage revision of public sector bank employees, which was signed by the IBA with the unions on November 11, 2020, there was a proposal for enhancement of family pension and also the employers' contribution under the NPS. This has been approved by the Finance Minister, he said. Shri Panda further said that “earlier the scheme had slabs of 15, 20 and 30 percent of the pay that a pensioner drew at that point of time. It was capped subject to a maximum of Rs 9,284/-. That was a very paltry sum and Finance Minister Smt. Sitharaman was concerned and wanted that to be revised so that family members of bank employees get a decent amount to survive and sustain”.
The Government has also approved the proposal to increase employers contribution under the NPS to 14% from the existing 10%.
Thousands of families of PSU bank employees will be benefited by the enhanced Family Pension, while increase in employers contribution will provide increased financial security to the bank employees under the NPS.
Source : PIB Press release
NEWS UPDATE DATED 26. 08.2021 : EFFECTIVE DATES OF IMPLEMENTATION
It is reported that enhancement of Family pension will be effective from 01.04.2021 . Banks are asked contribute for the NPS at the revised rate of 14 % from 11.11.2020 , the day of signing the wage revision between IBA and UBFU .
NEWS UPDATE 30.08.2021 : AIBEA has issued a detailed circular with regard to new scales of family pension for the spouses of bank retirees who retired in different periods as below :
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Chart published by AIBEA
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BANKERS DA SET FOR A INCREASE FROM AUGUST 2021
Dated 30 .07.2021 : The salary of bankers is set for a enhancement from the month of August 2021 , as the Dearness Allowance ( DA ) payable to bank employees / officers from August 2021 to October 2021 will go up by 30 slabs .
The average consumer index points have increased in the quarter ending June 2021 to 7941.22 from earlier average of 7820 points . Accordingly the DA slabs have gone up by 30 slabs from 367 slabs to 397 .
DA as % of Basic pay will increase by 2.1 % from 25.69 % to 27.79 %
Source : AIBEA circular / IBA
Dated 30 .07.2021 : The salary of bankers is set for a enhancement from the month of August 2021 , as the Dearness Allowance ( DA ) payable to bank employees / officers from August 2021 to October 2021 will go up by 30 slabs .
The average consumer index points have increased in the quarter ending June 2021 to 7941.22 from earlier average of 7820 points . Accordingly the DA slabs have gone up by 30 slabs from 367 slabs to 397 .
DA as % of Basic pay will increase by 2.1 % from 25.69 % to 27.79 %
Source : AIBEA circular / IBA
BANKERS PENSION : IBA FORMS A COMMITTEE , INVITES WORKMEN , OFFICERS ASSOCIATIONS FOR MEETINGS :
Dated 20.07.2021 : It is reported hat Indian Bankers Association ( IBA ) has formed an internal committee to review the pension scheme of the banks under the chairmanship of Shri S.S.Mallikarjuna rao , MD & CEO of Punjab national Bank . The other members of the committee are Shri M.V Rao of Central Bank of India ( Vice Chairman ) , Shri Rana Ashuthosh Kumar Singh of SBI , Shri Shanti Lal Jain of Bank of Baroda and Shri Debasish Mukherji of Canara Bank .
It is also reported that the committee will hold a virtual meeting with representatives of workmen / officers on 22nd ,July 2021 at 11.30 am .
The representatives of AIBEA / NCBE / INBEF / NOBW will attend the meeting . A similar virtual meeting of IBA Committee will be held with the representatives of various officer Associations at 12pm on the same day .
Dated 20.07.2021 : It is reported hat Indian Bankers Association ( IBA ) has formed an internal committee to review the pension scheme of the banks under the chairmanship of Shri S.S.Mallikarjuna rao , MD & CEO of Punjab national Bank . The other members of the committee are Shri M.V Rao of Central Bank of India ( Vice Chairman ) , Shri Rana Ashuthosh Kumar Singh of SBI , Shri Shanti Lal Jain of Bank of Baroda and Shri Debasish Mukherji of Canara Bank .
It is also reported that the committee will hold a virtual meeting with representatives of workmen / officers on 22nd ,July 2021 at 11.30 am .
The representatives of AIBEA / NCBE / INBEF / NOBW will attend the meeting . A similar virtual meeting of IBA Committee will be held with the representatives of various officer Associations at 12pm on the same day .
MANDATORY LEAVE FOR SELECT BANK STAFF : RBI ISSUES FRESH GUIDELINES
Dated 10.07.2021 : Reserve Bank of India ( RBI) has issued fresh guidelines on the issue of mandatory leave for select bank staff , by replacing its earlier notification of 2015 .
Now as per fresh guidelines , RBI has asked the banks to put in place a ‘mandatory leave’ policy wherein the employees posted in sensitive positions or areas of operation shall be compulsorily sent on leave for a few days (not less than 10 working days) in a single spell every year, without giving any prior intimation to these employees, thereby maintaining an element of surprise. Further it has asked Banks to ensure that the employees, while on ‘mandatory leave’, do not have access to any physical or virtual resources related to their work responsibilities, with the exception of internal/ corporate email which is usually available to all employees for general purposes.
Now Banks have to , as per a Board-approved policy, prepare a list of sensitive positions to be covered under ‘mandatory leave’ requirements and the list to be reviewed periodically. Banks have been given a time of six months to implement the new policy .
In the 2015 guidelines , some of the sensitive areas like that of treasury operation , currency chests were specified while the new policy has left it open for the management to decide up on . The guidelines doesn't specify such mandatory leave is in additional to the existing leave for all the staff of the bank or it would be a part of the existing eligible perks . If it's a part of existing leave structure . the employees will find it difficult to utilize such surprise leaves effectively for rest and recuperation .
To read RBI Notification , CLICK HERE
Dated 10.07.2021 : Reserve Bank of India ( RBI) has issued fresh guidelines on the issue of mandatory leave for select bank staff , by replacing its earlier notification of 2015 .
Now as per fresh guidelines , RBI has asked the banks to put in place a ‘mandatory leave’ policy wherein the employees posted in sensitive positions or areas of operation shall be compulsorily sent on leave for a few days (not less than 10 working days) in a single spell every year, without giving any prior intimation to these employees, thereby maintaining an element of surprise. Further it has asked Banks to ensure that the employees, while on ‘mandatory leave’, do not have access to any physical or virtual resources related to their work responsibilities, with the exception of internal/ corporate email which is usually available to all employees for general purposes.
Now Banks have to , as per a Board-approved policy, prepare a list of sensitive positions to be covered under ‘mandatory leave’ requirements and the list to be reviewed periodically. Banks have been given a time of six months to implement the new policy .
In the 2015 guidelines , some of the sensitive areas like that of treasury operation , currency chests were specified while the new policy has left it open for the management to decide up on . The guidelines doesn't specify such mandatory leave is in additional to the existing leave for all the staff of the bank or it would be a part of the existing eligible perks . If it's a part of existing leave structure . the employees will find it difficult to utilize such surprise leaves effectively for rest and recuperation .
To read RBI Notification , CLICK HERE
IBA HAS INITIATED ACTIONS FOR RENEWAL OF GROUP MEDICAL INSURANCE :
Dated 09.07.2021 : It is reported that Indian Bankers Association ( IBA ) is in the process of finalizing the renewal of existing group medical policy taken from National insurance Company ( NIC ) . In case NIC demands higher premium than the current rates , IBA will float fresh tenders .
It is advised that the information was passed on to UFBU in a virtual meeting with representatives of UFBU held yesterday .
UFBU has requested IBA to try for renewal of policy for two to three years in a go . Further they have requested for upgradation of services wherever feasible and for the continuance of various options and services available in the present policy without change for both working and retiree employees . They have alo requested IBA to take up with the government for waiver of GST on premium paid .
IBA has assured the representatives of UFBU thta they would take note of requests of UFBU while discussing with Insurance companies .
The present group policy expires on 30.09.2021 for working staff and 31.10.2021 for the retirees .
For ufbu circular dated 08.07.2021 , CLICK HERE
Dated 09.07.2021 : It is reported that Indian Bankers Association ( IBA ) is in the process of finalizing the renewal of existing group medical policy taken from National insurance Company ( NIC ) . In case NIC demands higher premium than the current rates , IBA will float fresh tenders .
It is advised that the information was passed on to UFBU in a virtual meeting with representatives of UFBU held yesterday .
UFBU has requested IBA to try for renewal of policy for two to three years in a go . Further they have requested for upgradation of services wherever feasible and for the continuance of various options and services available in the present policy without change for both working and retiree employees . They have alo requested IBA to take up with the government for waiver of GST on premium paid .
IBA has assured the representatives of UFBU thta they would take note of requests of UFBU while discussing with Insurance companies .
The present group policy expires on 30.09.2021 for working staff and 31.10.2021 for the retirees .
For ufbu circular dated 08.07.2021 , CLICK HERE
BANKERS TO GET PRIORITY FOR VACCINATION , PROTECTION FROM HARASSMENT
Bankers to get vaccination early on priority
Dated 15.05.2021 : Finally Finance Ministry has advised all State Governments and Union Territories to accord priority and consider special dispensation for vaccinating the staff of banks , insurance companies and other financial service providers . It has brought to the notice of the state governments that many bankers are have succumbed to the deadly pandemic covid-19 in the recent past . Unconfirmed reports attribute more than 1200 bank staff death in recent times to the pandemic . Now state governments are expected to make necessary arrangements for vaccinating bank and other financial services staff on the earliest possible date .
Banking is treated as essential service by the central government . Even during the lockdown periods announced by various governments , banks , insurance companies are expected to remain open and offer essential services to the general public . It was reported that some policemen were harassing such dutybound bank staff and impeding their free movement for performing their duties . In the light of above complaints , Finance Ministry has asked the governments to take up with district administrations like DMs / SPs and advise them to give protection and security to the bank staff and not to impede the free movement of bank and other financial services staff .
Our Opinion : If State level Bankers Committees take up actively with Local state administrations for immediate implementation of finance ministry call , Bankers may be able to get vaccinated at the earliest . SLBCs may arrange special vaccination drives in collaboration with district administrations also .
Source : Twitter account of Debashis Panda , secretary , Department of Financial services
DA for Bankers
BANKERS DA SET FOR A DECLINE FROM MAY 2021
Dated 01 .05.2021 : The salary of bankers is set for a decline from the month of May 2021 , as the Dearness Allowance ( DA ) payable to bank employees / officers from May 2021 to July 2021 will decline by 7 slabs .
The average consumer index points have decreased in the quarter ending March 2021 to 7818.51 from earlier average of 7849.19 points . Accordingly the DA slabs have reduced by 7 slabs from 374 slabs to 367 .
However bank pensioners DA is set for revision only from August 2021 , according to price index movement .
Official circular / confirmation of IBA with regard to DA is yet to be brought out .
Source : AIBEA circular
Dated 01 .05.2021 : The salary of bankers is set for a decline from the month of May 2021 , as the Dearness Allowance ( DA ) payable to bank employees / officers from May 2021 to July 2021 will decline by 7 slabs .
The average consumer index points have decreased in the quarter ending March 2021 to 7818.51 from earlier average of 7849.19 points . Accordingly the DA slabs have reduced by 7 slabs from 374 slabs to 367 .
However bank pensioners DA is set for revision only from August 2021 , according to price index movement .
Official circular / confirmation of IBA with regard to DA is yet to be brought out .
Source : AIBEA circular
USE MANUAL ATTENDANCE IN REGISTER IN PLACE OF BIO METRIC : IBA TO BANKS
Dated 30.04.2021 : It is reported that Indian Bankers Association ( IBA) has issued a fresh advisory on SOP ( Standard Operating procedure ) to all the banks wherein they have advised banks to replace Bio-metric devices with manual attendance registers in banks . The other adviisories with regard to staff matters include :
1. To restrict business hours between 10.00 am to 2.00 pm
2.To call employees on rotation basis for duty
3. Banks to stagger working hours of staff , if required .
4. To encourage staff to get vaccinated .
5. To grant leave for staff reporting sick .
6. To use disposable cutlery , mugs etc in the office canteens
7. To encourage staff to bring home made food
8. Use of masks by staff to be made compulsory .
9. Provide emergency medical kit in all offices and branches .
There are also advisories with regard to Business continuity plans , safety, security , sanitisation and upkeep of office premises .
Banks are also advised to have mass vaccination drive arranged for their staff through SLBC / DLCC .
Dated 30.04.2021 : It is reported that Indian Bankers Association ( IBA) has issued a fresh advisory on SOP ( Standard Operating procedure ) to all the banks wherein they have advised banks to replace Bio-metric devices with manual attendance registers in banks . The other adviisories with regard to staff matters include :
1. To restrict business hours between 10.00 am to 2.00 pm
2.To call employees on rotation basis for duty
3. Banks to stagger working hours of staff , if required .
4. To encourage staff to get vaccinated .
5. To grant leave for staff reporting sick .
6. To use disposable cutlery , mugs etc in the office canteens
7. To encourage staff to bring home made food
8. Use of masks by staff to be made compulsory .
9. Provide emergency medical kit in all offices and branches .
There are also advisories with regard to Business continuity plans , safety, security , sanitisation and upkeep of office premises .
Banks are also advised to have mass vaccination drive arranged for their staff through SLBC / DLCC .
JAIIB EXAMS SCHEDULED FOR MAY 2021 POSTPONED :
Dated 20.04.2021 : As per notice published on the website of Indian Institute of Banking & Finance , JAIIB examinations scheduled for the month of May 2021 is postponed and likely to be held in June 2021 depending on the Covid-19 situation prevailing in the country .
The decision is taken by IIBF in view of widespread outbreak of the pandemic in various states and centers in the country .
IIFB will announce the revised schedule of exams later . However the registration all ready done by the candidates will be valid for the new dates also .
Dated 20.04.2021 : As per notice published on the website of Indian Institute of Banking & Finance , JAIIB examinations scheduled for the month of May 2021 is postponed and likely to be held in June 2021 depending on the Covid-19 situation prevailing in the country .
The decision is taken by IIBF in view of widespread outbreak of the pandemic in various states and centers in the country .
IIFB will announce the revised schedule of exams later . However the registration all ready done by the candidates will be valid for the new dates also .
ALL SATURDAYS TO BE HOLIDAYS FOR LIC OF INDIA :
Dated 16.04.2021 : Ministry of Finance has passed a Gazette Notification declaring all Saturdays to be public holidays for Life Insurance Corporation of India under Negotiable instruments Act . The notification comes to effect immediately .
Bank employees , under the banner of UFBU , had demanded , during the time of their wage revision negotiations , for such a declaration in the banking sector also . The demand is pending for a long time and is still under discussion with IBA / Government of India , even though wage revision exercise is over now .
To read Gazette Notification , CLICK HERE
Dated 16.04.2021 : Ministry of Finance has passed a Gazette Notification declaring all Saturdays to be public holidays for Life Insurance Corporation of India under Negotiable instruments Act . The notification comes to effect immediately .
Bank employees , under the banner of UFBU , had demanded , during the time of their wage revision negotiations , for such a declaration in the banking sector also . The demand is pending for a long time and is still under discussion with IBA / Government of India , even though wage revision exercise is over now .
To read Gazette Notification , CLICK HERE
NOW FORM 10E IS AVAILABLE FOR FILING ON-LINE FOR AY 2021-22
Attn : Bankers / Bank pensioners who have received salary / pension arrears during FY 2020-21
Dated 09.04.2021 : Now Income Tax Department has enabled on-line submission of Form 10E in its e-filing website for Assessment Year 2021-22 . The form is to be submitted by all the persons who want to avail tax relief under section 89 of Income Tax act for the salary / pension arrears received during the financial year 2020-21 .
Note : The form is to be submitted before filing of Income Tax returns .
To know how to submit on-line , calculating the tax relief you get under section 89 of Income Tax act for the arrears you have received , you may CLICK HERE to visit our webpage where we have detailed the calculation of such arrears you get on salary / gratuity / pension and procedure to file 10E on-line .
Attn : Bankers / Bank pensioners who have received salary / pension arrears during FY 2020-21
Dated 09.04.2021 : Now Income Tax Department has enabled on-line submission of Form 10E in its e-filing website for Assessment Year 2021-22 . The form is to be submitted by all the persons who want to avail tax relief under section 89 of Income Tax act for the salary / pension arrears received during the financial year 2020-21 .
Note : The form is to be submitted before filing of Income Tax returns .
To know how to submit on-line , calculating the tax relief you get under section 89 of Income Tax act for the arrears you have received , you may CLICK HERE to visit our webpage where we have detailed the calculation of such arrears you get on salary / gratuity / pension and procedure to file 10E on-line .
MOF RECOMMENDS FOR VACCINATION OF ALL BANK STAFF :
Dated 09.04.2021 : It's reported that Ministry of Finance has recommended to Ministry of Health & Family Welfare for administration of covid vaccination to all bank and NPCI staff at the earliest , as they are also frontline workers in war against Corona . It is reported that more than 600 bank staff are the victims of Covid 19 in last one year . They had to work through out the period of pandemic and deal with customers and crowds risking their lives . However the response of health ministry is not yet known . Presently all people above the age of 45 years are eligible for vaccination .
Actually time limit for registration of Frontline workers for vaccination is already over on 3rd, April 2021 . Hence United Forum of bank Unions ( UFBU ) has urged the Health Ministry to extend the period of registration up to the end of April 2021 , especially for bank workers .
Bank employees have to wait for health ministry decision in this regard .
Dated 09.04.2021 : It's reported that Ministry of Finance has recommended to Ministry of Health & Family Welfare for administration of covid vaccination to all bank and NPCI staff at the earliest , as they are also frontline workers in war against Corona . It is reported that more than 600 bank staff are the victims of Covid 19 in last one year . They had to work through out the period of pandemic and deal with customers and crowds risking their lives . However the response of health ministry is not yet known . Presently all people above the age of 45 years are eligible for vaccination .
Actually time limit for registration of Frontline workers for vaccination is already over on 3rd, April 2021 . Hence United Forum of bank Unions ( UFBU ) has urged the Health Ministry to extend the period of registration up to the end of April 2021 , especially for bank workers .
Bank employees have to wait for health ministry decision in this regard .
TDS ON ARREARS PAID AND TAX RELIEF UNDER SECTION 89 OF IT ACT
Dated 07.02.2021 : Banks have disbursed salary arrears as per new wage settlement . Banks would have also deducted TDS from such arrears paid . Such arrears paid would have been accounted for FY 2020-21 if staff members had not claimed tax relief under section 89 (1 ) of IT Act .
Similarly bank staff who would have retired after 01.11.2017 would have got salary arrears , pension arrears and gratuity arrears . One can utilise tax relief available to reduce the tax burden by apportioning arrears to the respective years and reduce the total tax liability .
To know how to calculate the relief and utilise the reliefs available to the possible extent , you may visit our articles on income tax by clicking here
Dated 07.02.2021 : Banks have disbursed salary arrears as per new wage settlement . Banks would have also deducted TDS from such arrears paid . Such arrears paid would have been accounted for FY 2020-21 if staff members had not claimed tax relief under section 89 (1 ) of IT Act .
Similarly bank staff who would have retired after 01.11.2017 would have got salary arrears , pension arrears and gratuity arrears . One can utilise tax relief available to reduce the tax burden by apportioning arrears to the respective years and reduce the total tax liability .
To know how to calculate the relief and utilise the reliefs available to the possible extent , you may visit our articles on income tax by clicking here
TDS ON BANK ARREARS PAID AND TAX RELIEF
- TDS ON ARREARS PAID AND TAX RELIEF UNDER SECTION 89 OF IT ACT
Dated 07.02.2021 : Banks have disbursed salary arrears as per new wage settlement . Banks would have also deducted TDS from such arrears paid . Such arrears paid would have been accounted for FY 2020-21 if staff members had not claimed tax relief under section 89 (1 ) of IT Act .
Similarly bank staff who would have retired after 01.11.2017 would have got salary arrears , pension arrears and gratuity arrears . One can utilise tax relief available to reduce the tax burden by apportioning arrears to the respective years and reduce the total tax liability .
To know how to calculate the relief and utilise the reliefs available to the possible extent , you may visit our articles on income tax by clicking here
DA for Bankers from February 2021
DA TO BANKERS TO BE ENHANCED FROM FEBRUARY 2021
Dated 31 .01.2021 : In tune with raising Consumer Price Index , the Dearness Allowance ( DA ) payable to bank employees / officers from February 2021 to April 2021 will be raised by 33 slabs .
The average consumer index points have increased in the quarter ending December 2020 to 7849.19 points from earlier 7716 points . Accordingly the DA slabs have risen by 33 slabs from 341 slabs to 374 slabs .
Source : AIBEA circular
Dated 31 .01.2021 : In tune with raising Consumer Price Index , the Dearness Allowance ( DA ) payable to bank employees / officers from February 2021 to April 2021 will be raised by 33 slabs .
The average consumer index points have increased in the quarter ending December 2020 to 7849.19 points from earlier 7716 points . Accordingly the DA slabs have risen by 33 slabs from 341 slabs to 374 slabs .
Source : AIBEA circular
COST OF PENSION UPDATION IS BEING ACTIVELY EVALUATED : IBA
Dated 05.01.2021 : In a meeting held yesterday with the representatives of four officers unions viz AIBOC , AIBOA , INBOC & NOBO , Indian Bankers Association ( IBA ) has informed that the issue of Pension Updation is being actively evaluated and an Actuary has been appointed for the purpose . IBA chairman while welcoming the representatives of organisations informed that the Family pension and NPS details are being compiled for onwards submission to DFS for necessary clearance and approval. The meeting was called to discuss the residual issues listed in the MOU .
The other residual issues discussed included :
1. 5 DAY BANKING : Under discussion with the Government / RBI
2. Amendment to Discipline & Appeal regulation & Accountability policy : A committee has been formed to advise IBA in the matter .
3. Double Jeopardy ( Denial of PQP , FPP & Stagnation increment for not apperaing for promotion test : HR Committee is examining the issue .
4. Payment of lodging & boarding expenses foe Defence assistants : To be referred to HR Committee .
5. Grid holiday for officers working in grids : HR Committee to examine the issue .
6. Demand for inclusion of parents , brothers , sisters , Father in law , mother in law in Definition of family : IBA will clarify with fresh circular and Income up to Rs 12,000 will be treated as dependent .
7. Issue of lady officers & Child care leave : Government guidelines will be followed .
8 . Temporary incentive for officers posted to North East : Government guidelines will be followed .
Dated 05.01.2021 : In a meeting held yesterday with the representatives of four officers unions viz AIBOC , AIBOA , INBOC & NOBO , Indian Bankers Association ( IBA ) has informed that the issue of Pension Updation is being actively evaluated and an Actuary has been appointed for the purpose . IBA chairman while welcoming the representatives of organisations informed that the Family pension and NPS details are being compiled for onwards submission to DFS for necessary clearance and approval. The meeting was called to discuss the residual issues listed in the MOU .
The other residual issues discussed included :
1. 5 DAY BANKING : Under discussion with the Government / RBI
2. Amendment to Discipline & Appeal regulation & Accountability policy : A committee has been formed to advise IBA in the matter .
3. Double Jeopardy ( Denial of PQP , FPP & Stagnation increment for not apperaing for promotion test : HR Committee is examining the issue .
4. Payment of lodging & boarding expenses foe Defence assistants : To be referred to HR Committee .
5. Grid holiday for officers working in grids : HR Committee to examine the issue .
6. Demand for inclusion of parents , brothers , sisters , Father in law , mother in law in Definition of family : IBA will clarify with fresh circular and Income up to Rs 12,000 will be treated as dependent .
7. Issue of lady officers & Child care leave : Government guidelines will be followed .
8 . Temporary incentive for officers posted to North East : Government guidelines will be followed .
WAGE SETTLEMENT - RESIDUAL ISSUES
Dated 02.01.2021 : It is reported that the representatives of four officers unions viz AIBOC , AIBOA , INBOC & NOBO , have been invited for a meeting with IBA team on 04.01.2021 at 3.00 pm , to discuss the residual issues listed in the MOU .
The residual issues include 5-day banking , pension updation , family pension , NPS contributionetc
Dated 02.01.2021 : It is reported that the representatives of four officers unions viz AIBOC , AIBOA , INBOC & NOBO , have been invited for a meeting with IBA team on 04.01.2021 at 3.00 pm , to discuss the residual issues listed in the MOU .
The residual issues include 5-day banking , pension updation , family pension , NPS contributionetc
PLAN N PROGRESS HAS COMPARED AROGYA SANJEEVANI PREMIUMS WITH IBA GROUP INSURANCE TO KNOW WHICH IS BETTER CLICK HERE
NEW BLOG ARTICLE ON
HEALTH INSURANCE OPTIONS FOR RETIRED BANKERS
The article explores the alternative avenues for existing health insurance group policy for Retired Bankers
TO READ THE ARTICLE CLICK HERE
HEALTH INSURANCE OPTIONS FOR RETIRED BANKERS
The article explores the alternative avenues for existing health insurance group policy for Retired Bankers
TO READ THE ARTICLE CLICK HERE
NEW ARTICLE
HEALTH INSURANCE PLANS FOR SENIOR CITIZENS
WITH OR WITHOUT ENTRY AGE RESTRICTION
TO READ THE ARTICLE CLICK HERE
HEALTH INSURANCE PLANS FOR SENIOR CITIZENS
WITH OR WITHOUT ENTRY AGE RESTRICTION
TO READ THE ARTICLE CLICK HERE
NEW BLOG ARTICLE ON
HEALTH INSURANCE OPTIONS FOR RETIRED BANKERS
The article explores the alternative avenues for existing health insurance group policy for Retired Bankers
TO READ THE ARTICLE CLICK HERE
HEALTH INSURANCE OPTIONS FOR RETIRED BANKERS
The article explores the alternative avenues for existing health insurance group policy for Retired Bankers
TO READ THE ARTICLE CLICK HERE
WEBSITES OF BANKS / BANKERS ASSOCIATION / RESERVE BANK OF INDIA ( CLICK ON THE NAME TO GO TO THE WEBSITE )
1. Reserve Bank of India
2. Indian Bankers Association
3. Ministry of Finance , Government of India
4. To go to websites of individual banks , CLICK HERE
2. Indian Bankers Association
3. Ministry of Finance , Government of India
4. To go to websites of individual banks , CLICK HERE
WEBSITES OF EMPLOYEES / OFFICERS UNIONS / ASSOCIATIONS
( CLICK ON THE NAME TO GO TO THE WEBSITE )
( CLICK ON THE NAME TO GO TO THE WEBSITE )
1. All India Bank Employees Association ( AIBEA )
2. All India Bank Officers Confederation ( AIBOC )
3.All India Bank Officers Association ( AIBOA )
4.All India Reserve Bank Employees Association ( AIRBEA )
5. Bank Employees Federation of India ( BEFI )
2. All India Bank Officers Confederation ( AIBOC )
3.All India Bank Officers Association ( AIBOA )
4.All India Reserve Bank Employees Association ( AIRBEA )
5. Bank Employees Federation of India ( BEFI )
WEBSITES OF VARIOUS ASSOCIATIONS OF RETIRED BANKERS
( CLICK ON THE NAME TO GO TO THE WEBSITE )
( CLICK ON THE NAME TO GO TO THE WEBSITE )
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