Dear reader!

*Please send news related to Bank Employees and your Queries, to my e-mail vetrinicchayam@gmail.com*

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*****CURRENT NEWS******

*Talks on 10th B.P.S between IBA and UFBU on 17.09.2014

*Consumer Price Index number for July is 252. i.e 8 point over average of last quarter. It indicates an increase of 45 slabs in D.A from Nov 2014. Points for Aug. and Sep. may increase or decrease this slabs.

*Bank employees to work from 8 A.M. to 8 P.M on Saturdays for Jan Dhan Scheme!

*Is ESOP on cards for Bank Employees?

*IBPS CWE-III-Clerk-Batch-II, 2014-15 –INDIAN BANK:
date of induction training for Clerical Candidates – Batch II, is scheduled from 07.10.2014 to 18.10.2014.

* Revised LFC encashment amount from 25.06.2014!

*Compassionate appointment for Bank Employees restored from 05.08.2014!

* Indipendent programmes on wage revision and other bank employees issuesAnnounced by AIBEA and BEFI!

*D.A. rate for Aug ,Sep ,Oct 2014: 102.45%

Monday, September 15, 2014


Erode Venkata Ramasamy (17 September 1879 – 24 December 1973), affectionately called by his followers as Periyar, Thanthai Periyar or E. V. R., was a social activist, politician and businessman, who started the Self-Respect Movement or the Dravidian Movement and proposed the creation of an independent state called Dravida Nadu, comprising the states of South India. He is also the founder of political party, Dravidar Kazhagam.
Periyar was born in Erode, Madras Presidency to a wealthy family ofBalijas. At a young age, he witnessed numerous incidents of racial, caste and gender discrimination
Periyar joined the Indian National Congress in 1919, but resigned in 1925 when he felt that the party was only serving the interests of the Brahmins. In 1924, Periyar led a non-violent agitation (satyagraha) in Vaikom, Kerala. From 1929 to 1932 toured Malaysia, Europe, and Russia, which had an influence on him. 1939, Periyar became the head of the Justice Party, and in 1944, he changed its name to Dravidar Kazhagam. The party later split and one group led by C. N. Annadurai formed the Dravida Munnetra Kazhagam (DMK) in 1949. While continuing the Self-Respect Movement, he advocated for an independent Dravida Nadu (Dravidistan).

Sunday, September 14, 2014


Public sector bank employees protest against low pay, ‘punishing’ work conditions
Rakhi Chakrabarty, TNN | Sep 14, 2014, 05.35AM IST
NEW DELHI: A group of employees of public sector banks has tapped social media to mobilise support for their demands, including pay parity with other central government staff.On Saturday, members of the Facebook group — Young Indian Bankers' Association (YIBA) — gathered in Delhi to protest against low pay and "punishing" working conditions. Members of All India Ex-Servicemen Bank Employees' Federation, too, joined them in support of their demands. They submitted a memorandum to Finance Minister Arun Jaitley.

Saransh Srivastav, an officer at State Bank of India, Kanpur, initiated the Facebook group to rally support for their eight-point demand charter.

Speaking to TOI, Srivastav said, "These are long-pending demands, but bank unions have been doing nothing about them. So, we decided to form this group which has members irrespective of their union affiliation or grade. This group is independent of existing bank unions." 

Wednesday, September 10, 2014


Every bank employee is expecting, finality could be reached on 17.09.2014 meeting of IBA and UFBU.
Some comrades predict that some understanding were there between some union and IBA. That prediction varies from 13.5% to 15%. One optimistic comrade says it is 18.5% that Modi govt. has inclined to give.
One comrade says 17.09.2014 is birth day of our P.M.

I wish to reproduce what is my expectation in total % in wage revision and expectations/modification in individual headings from my earlier posts.

(post dt.18.01.14)
In my personal view a settlement with increase in pay slip cost of

 15%plus =fair
 20%plus =good
 25%plus =best

(post dt.25.06.2012)

Thursday, September 4, 2014

IBA has called UFBU for 10th Bipartite talks on 17.09.14 in Mumbai at 2p.m.

Some information for those family members of the employees who died before 05.08.2014:

1.compassionate appointment is applicable for those who died 
on or after 05.08.2014.

2. Ex-gratia is applicable for those who died from July 2004 to 04.08.2014 
subject to certain conditions.

This is the clear message I want to inform to 
family members of the deceased employees.

There are three types of family members of the deceased employees.

1. Those who applied for ex-gratia and got.
2. Those who applied but not sanctioned.
3. Those who did not applied at all for ex-gratia
    (With the hope of getting appointment one day or other) .

Those who come under category 2 and 3 may approach Union in which the deceased

was a member for redressal.

About the scheme restored from 05.08.2014 (as per AIBEA Circular)  :
This Scheme as approved by the Government will be effective from 5-8-2014 i.e. it would cover cases of deaths of employees and officers from and after 5-8-2014.  There are anxious queries about the past cases.  We shall take up the same is due course and developments, if any, would be informed thereafter.

Saturday, August 30, 2014

Jan Dhan scheme

Bank Employees asked more wages from Government!
Honourable P.M. NAMO Obliged to give!
Of course, not more wages ,but more Work!

 Yes, Bank employees should work 8A.M. to 8P.M on Saturdays
to open New accounts under Jan Dhan scheme.
Do the Finance Ministry knows that the accounts opened under Jan Dhan are duplicate, triplicate and quartiplicate?
Yes, those who already having bank accounts have opned new accounts
in the same bank or the other, to avail the benefits that are announced
along with new account.
Jan Dhan account is only an extention of Financial inclution scheme by UPA.