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*****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%

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Saturday, April 19, 2014

5 Day banking, Hopes alive!

REVISED:

Hopes alive on 5 day banking!!

Circular issued by AIBOC union dt.19.04.2014:

Dear Comrades, 

OUR DEMAND FOR FIVE DAY WORKING WEEK IN BANKING INDUSTRY 
                          *****
 Our members are being informed from time to time about efforts being made by the 
Confederation in pursuing our demand for “Five Day Working Week in Banking Industry”. Apart 
from lobbying with bureaucracy, politicians we are in continuous touch with IBA on the issue. We 
are happy to note that after our discussions in the last Executive Committee, many of our office 
bearers have ensured publishing of organizational views on our demands and policies in print 
media. We have sent yet another written communication vide our letter Ref. 2014/23 dated 
17/04/2014 to The Chairman, IBA and Secretary, DFS, text of which is appended below. We 
convey our thanks to IBA for giving us a positive ear on this demand. 

With warm greetings, 
 Yours comradely, 

 (HARVINDER SINGH) 
 GENERAL SECRETARY 

 TEXT OF OUR LETTER TO THE CHAIRMAN, IBA 

Ref: 2014/23 Dated: 17/04/2014 

The Chairman, 
Indian Banks‟ Association 
Mumbai 

Respected Sir, 

Re: OUR DEMAND FOR FIVE DAY WORKING WEEK IN BANKING INDUSTRY 

We would like to draw your attention to the major economic crisis our country has faced in the recent 
past owing to a continuous slide in the value of rupee leading to almost a state of economic emergency. 

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.

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.

Monday, March 24, 2014

SPECIAL TAX COLLECTION DRIVE BY GOVERNMENT OF INDIA THROUGH BANKS.

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

                                                                                                                                                                                    24th March,2014.
The Chairman,
Indian Banks Association,
MUMBAI.

/Sir,

REG:    SPECIAL TAX COLLECTION DRIVE BY GOVERNMENT OF INDIA THROUGH BANKS.

We have the confirmed information that the Government of India has initiated the expeditious steps to collect the tax revenues from the tax payers by providing special opportunity to pay the tax dues through Banks on 29th, 30th and 31stMarch 2014,being the holidays declared by the State Governments in consultation with the respective Regional Offices of Reserve Bank of India under NI Act.

1.         The taxpayers are aware of the payment of taxes on 15th September,2013 as well as at the end of March 2014.    They are expected to plan the calendar and schedule of payment well in advance. Having failed in their duties,  

Saturday, March 22, 2014

Bank Karmachari Sena Mahasangh version of talks!

   Following are the details of discussions as per  Bank Karmachari Sena Mahasangh
(trade union wing of Sivasena Party) (award staff union)and not a member of UFBU but negotiating with IBA seperately Ref.: BKSM/09/2014                                                           March 3, 2014
On 9th Meeting dt.03.03.2014

.Following are the details

.......In my experience of having negotiated & signed three Bipartite settlement and this being the fourth one. I felt disillusioned for the first time about the approach of 1BA towards the present wage revision negoliation held today.Initially, Shri Bhasin, Chairman of the Negotiating committee, appraised all negotiating members of all the Unions representing at IBA.. that IBA had discussed the issue of Wage Revision with all the CMDs and Committee members of IBA and that there was unanimous decision amongst them that the Ranks are not in position to even give 10% Wage rise in the pay slip components. He stressed that under the circumstances that when all Banks are struggling hA rd to keep their respective balance sheet upright, stated that he was unfortunately constrained that they cannot offer anything over & above the present offer of 10% increase in pay slip components.