Dear reader!


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

Follow me on facebook http://www.facebook.com/indianbankkumar

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

31.01.2014: D.A increase for Feb, Mar, Apr 2014 is:

25 Slabs=3.75% (on B.P+SPL.ALLOW.+P.Q.P)
Total 666 slabs=99.90%

*****************

WELCOME TO MY BLOG!

WELCOME TO MY BLOG!
WELCOME TO MY BLOG!

Saturday, April 19, 2014

5 Day banking, Hopes alive!

Hope of bank employees alive!

 Business line:

Home Sections

Public sector bankers plan to ask Finance Ministry for 5-day week
Apr 18, 2014 10:44 PM , By K Ram Kumar |

To submit a cost-benefit analysis; cite 24/7 access to services via ATMs, Net, mobiles
Executives from State-owned banks seem determined to prove to the Finance Ministry that a five-day work week is feasible in the banking sector.

Friday, April 18, 2014

As a Bank employee, for whom we have to vote?

We are in the midst of the biggest event “GENERAL ELECTION” of the biggest democratic country.

Of the 11 major Bank employees unions except one or two,
 all the unions are affiliated to central trade unions of some political parties.

Some of the unions have issed circulars to vote (directly or indirectly)some political parties.

Leave it as it is.  As a Bank employee, for whom we have to vote?

You may vote in the  poll gadjet provided in this blog.

(if u want to vote through ur mobile go for desk-top version of the above blog)

(only bank employees are requested to vote. Others please excuse.)

Those employees want to post their comments pl. restrict to one line only since this is not a place for  political debate.


Sunday, March 30, 2014

How to calculate Overtime wages?

As concept of overtime was stopped many years back, even senior employees forgot the calculations, leave alone new comrades.
For the benefit of all I hereby give the details of calculations with examples.
Overtime work shall be paid for at the rates mentioned below:

Category of Employee
% of hourly emoluments




Full Working Days
Half Working Days



CLERKS





First two quarter hours of overtime work
@ 100
@ 100



Next four quarter hours of overtime work
@ 170
@ 170



Next four quarter hours of overtime work
@ 200
@ 170



Rest of the overtime work
@ 200
@ 200



Subordinate Staff





First four quarter hours of overtime work
@ 150
@ 150



Next four quarter hours of overtime work
@ 200
@ 170



Rest of the overtime work
@ 200
@ 200





Saturday, March 29, 2014

AIBOC circular on Tax collection!

AIBOA circular on  tax collection on holidays:

IBA:BKS:40:2014                                                                                      March 29, 2014

The Chairman
Indian Banks Association
World Trade Centre
Cuffe Parade, 6th Floor
MUMBAI-400 005


Sir,

REG:  Special Tax collection drive by Government of India through Banks
            Rationalisation of the compensation

We have on our hand the RBI circular RBI/2013-14/535 dated 26.03.2014 addressed to all Chairman and Managing Director of all agency Banks to keep select branches open as a regular working day for transacting Government business at key locations based on the volume of transactions upto 08.00 pm on 29th to 31st March 2014, where 31st March 2014 has not been declared as a Public holiday.

2.         However, RBI, vide its circular DPSS[CHE]/1446/01.02.003/2013-14 dated 28th March 2014 addressed to Officer In-charge, Clearing operation of Banker’s clearing House at Chennai [BCHC] to conduct the special clearing at all clearing houses across the country on 29th to 31st March, 2014 which are as follows.

Friday, March 28, 2014

LETTER No.3

ALL INDIA BANK OFFICERS' CONFEDERATION (AIBOC)
ALL  INDIA  BANK  OFFICERS'  ASSOCIATION (AIBOA)
INDIAN NATIONAL BANK OFFICERS' CONGRESS (INBOC)
NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)

                                                                                                                                                                                                                                 28th March,2014.
The Chairman,
Indian Banks Association,
MUMBAI.

Sir,

       REG: SPECIAL TAX COLLECTION DRIVE BY GOVERNMENT OF INDIA THROUGH BANKS.
       REF:      1.Our Letters dated 24th and 26th March, 2014.
                     2.Your circular PS & BT/GOVT.9096 dated 26/03/2014
                     3.RBI Letter RBI/2013-14/535 DGBA GAD No. H-5430/42.01.029/2013-14 dated 26.03.2014

We request reference to our captioned letters on keeping the Bank branches open on weekly offs and Holidays declared under N.I. Act. We reiterate our resentment particularly with reference to the corporate/taxpayers, who failed to draw an action plan to make timely payment, cost effectiveness of such an yearly exercise, third time in a row, making the officers to work for continuously for eight days.

     Though IBA, RBI and Government have addressed our concerns to limited extent and we with the National Interest in mind have refrained from taking any organisational action, but our strong protest continues.  Our inclination, to extend cooperation for tax collection on these three days, in a measure to mop up the Tax revenue to the National Exchequer may please be considered as an exception to the regular expectation from the Government and also from the IBA.

Thursday, March 27, 2014

RBI NOTIFICATIONS FOR MAR 29,30 AND 31

RESERVE BANK OF INDIA                             Date : 26 Mar 2014

Banks and RBI to facilitate Tax Payments on March 29, 30 and 31, 2014.

With a view to providing greater convenience to tax payers, it has been decided that all designated branches of agency banks and RBI Offices conducting government business will keep their counters open for extended hours on Saturday, March 29, and Monday, March 31, 2014 till 8.00 p.m. This arrangement will apply where March 31, 2014, has not been declared as a public holiday. On Sunday, March 30, 2014, and on Monday, March 31, 2014 (at places where holiday under the Negotiable Instruments Act has been declared), agency banks would keep select branches open for transacting government business at locations identified by them based on volume of transactions.

Wednesday, March 26, 2014

LETTER No.2

LETTER No.2

ALL INDIA BANK OFFICERS' CONFEDERATION (AIBOC)
ALL  INDIA  BANK  OFFICERS'  ASSOCIATION (AIBOA)
INDIAN NATIONAL BANK OFFICERS' CONGRESS (INBOC)
NATIONAL ORGANISATION OF BANK OFFICERS (NOBO)
                                                                                                                                                                                                                                     26tMarch,2014.
The Chairman,
Indian Banks Association,
MUMBAI.

Sir,

       REG: SPECIAL TAX COLLECTION DRIVE BY GOVERNMENT OF INDIATHROUGH BANKS.

Kindly refer to our earlier communication dated 24th March, 2014 with regard to opening of Bank branches on Saturday the 29th, March, Sunday the 30th of March and again on Monday the 31st of March, 2014, a declared holiday under NI Act. on account of Ugadi/New Year day celebrations in many states.

While adopting the “No Work No Pay” principle on the strike days, including the recent TWO  days strike on 10th and 11th February, 2014, demanding a meaningful wage revision for the Bank Officers and wage parity with similarly placed Officers elsewhere,