Saturday, May 31, 2014

CONGRATULATIONS ON JOINING INDIAN BANK!

          Training for 1st Batch of 2014-15 Starts from June 2nd 2014. 
                        (Next Batch will have to wait for few more months)  
                        Know your Service conditions!
 SALARY FOR A GRATUATE WITH RURAL POSTING:
                       Basic Pay Rs.                               :   8000
                       SWO. Allowance                          :     500
                       D.A (@97.50% May 2014)         :   8287
                       H.R.A @7.00%                           :     595
                      Conveyance.Allow.                       :     225
                       GROSS SALARY                       :  17607   
          DEDUCTION FOR PENSION FUND :    1678
(Wage revision talks are going on.)
*************************************************************************************
*You are eligible for Medical Aid Rs.2000 for the year 2014.

*Other Staff welfare benefits:
  1. Rs. 100 per month for purchasing Newspaper.
  2. Canteen subsidy of Rs.10 per working day.
  3. Fuel Reimbursement of Rs.375 per month.
  4. And many more viz. Group Life Insurance (Rs.600000), Group Personnel Accident Policy ,
      Seed Scheme, Scholoship for education of children, cost of Books/Uniform to children, Health Check-up,
      Re-imbursemnet of  Hospitalisation expenses
  5. Holiday Homes for rest and recuperation: Rooms at the rate of Rs.10 per room per day at
      Tirumala, Darjeeling, Guruvayur Kodaikanal, Mahabaleswar, Ootacamand, Simla, Puri, Kanyakumari
      Employee and his/her family members can stay.
 6. and many more……                                

*You are eligible for Halting Allowance of Rs.300 for Thanjavur, 500 for Chennai/Bangalore /Thiruvanathapuram per day from the day you land on Training center to the day you join at the branch,
Where you are posted + Train /bus fare from training center to branch (keep Bus/train tkt) + Auto Charges.

*You are eligible for Leave Fare Concession on actual reimbursement for yourself & dependants,
or on encashment basis (75%i.e Rs.3396 per unit) once in 2 years. Can be availed after confirmation.

*You can get 3 increments (value around Rs.3000 per month) within one year, if you pass JAIIB &CAIIB.
        Comrades have already proved possible and got.  Log on  www.iibf.org.in

*You are eligible to avail Loans after your confirmation, usually after 6 months.

 *    HOUSING LOAN particulars:
   Eligibility : Service: For General/SC/StT employees =2 years; and for Ex-servicemen =on confirmation.
   Amount: 90% of cost/ Max. Rs.12 lakhs. Interest Rate: 8% simple.
   Repayment: 240 months(principal 180M+Interest 60M)
   Purpose:  Consruction of New House, Purchase of Flat or ready built house.

*************************************************************************************
**Leave Particulars:

*You are eligible for Casual leave of 12 days per year. In the first year pro-rata Casual leave
            is allowed. (i.e., If joined in June 2014, you are eligible for 7 days in 2014)
*You are eligible for Half Pay Sick Leave @ 2.5 days for every completed month.
  (Can be availed during probation period)
*You are eligible to avail Privilege Leave after 11 months.
            (It will accrue at the rate of one day for every 11 days from date of joining.)
*Maternity Leave (for Female Employee): 6 months on one occasion & 12 months during entire career.
can be availed even in her first year of service.

*************************************************************************************
  **TRANSFER POLICY:
Eligibility : Max 5 request transfers, subject to ceiling 4 under General,2 under SJS,2 under Inter State.
Application will be registered after six months/confirmation.
SJS requests will be considered after six months, but according to category rotation for the branch and availability of vacancy.
General request will be considered after 2 years, as per category rotation for the branch.
(However General requests will be considered after one year, if the requested branch is rural
and no request is pending.)
********************************************************************************
**Promotion Policy:
The eligibility for promotion process shall be:
ACADEMIC/ PROFESSIONAL QUALIFICATIONS
GEN CATEGORY-Service
SC/STCATEGORY-Service
CAIIB both parts
Immediate
Immediate
DOUBLE GRADUATES/POST GRADUATES WITH
CAIIB –I/JAIIB
2
2
A. DOUBLE GRADUATES/POST GRADUATES
B. GRADUATES WITH CAIIB-I/JAIIB
3
2
A. GRADUATES /N.D.COMS
B. DME/DCE/DEE WITH CAIIB-I/JAIIB
4
3

Courtesy: Indian Bank Employees Association (T.N)/BEFI
President: K. Gurumurthy (9994184090), General Secretary: K. Krishnan (9444014872)




13 comments:

joy said...

Is it compareable with central got?

Anonymous said...

Sir Wt about OBC

Anonymous said...

can somebody post the service conditions in similar ways for clerks in uco bank

Anonymous said...

Wow..gr8 effort sir..Can you please post detailed salary and perks for PO in IB, I'll be joining next month.. or mail me at vaibhavchaturvedi2809@gmail.com..Effort will be appreciated. Thanks Sir.

mith80 said...

These are not important for us. Can u Please say what about the next bipartite settlement... You are diverting the minds of new banker by giving the unusual information. Please dont do this. Just tell them the truth what is condition of Bank job right now? And what will be there future after joining the bank. My dear Newly recruited Banker friends, dont join any Union and dont give any union subscription, just kick them out they are just like barking dog...

Anonymous said...

Saalon salary kab revise hogi uski koi khabar nahi hai...harami ke pillon hum bankers ka paisa kha kha ke mote hote jaa rahe ho...saalon ab toh govt. bhi change ho gayi kab badhegi salary...kuch toh update do.

Anonymous said...

By "INDIAN" Banks, do you mean Govt Banks Of India in general?

Roshan Navlakhe said...

Can anybody post salary structure for clerk of union bank of india

Anonymous said...

Sir waiting for second batch indian bank wen it will be?

.

Anonymous said...

Kumar sir,as the po's induction is also being started from 30th,june please update all the service conditions for them too and the pay allowances they are eligible for..so that it may be of a lot of benefit to them......
Thanks in advance.

Anonymous said...

sir any news regarding clerk 2nd batch?

Anonymous said...

when 2nd batch will start

Anonymous said...

can any one clarify this swo allowance 500. is it not merged with basic as per 9th bipartite. plz clarify 500.