Monday, February 23, 2015

Settlement finalised !Minutes signed !

We are happy to inform that
in today's talks,
wage revision settled at 15%(Rs. 4725 crores) w.e.f 1.11.2012.
2nd and 4th Saturday's will be holidays and other Saturday's will be full working days. Strike deferred.
Detailed circular follows.
Pradip Biswas, GS BEFI


47 comments:

Anonymous said...

What about 5th saturday? DA

Anonymous said...

When will we get the hiked salary ???

Anonymous said...

Decision is good but not great.....it shud hve been 18%atleast if nt more......

Anonymous said...

What will be the basic now ?

shahbaz khan said...

What will be exact amt of new salary my gross is 19330

Anonymous said...

please upload an arrear calculator for clerks.. I will be very thankful to you

Anonymous said...

What about regulated working hours for officers. Do we still require to work from 9am to 9pm and also on 2nd Saturday, 4th Saturday and on Sunday?

Anonymous said...

See this is our union..These people again proved that they don't really care of banking people...It seems like the match was fixed...

Radhakrishnan Subramanian said...

As expected 100% DA for the pre 2002 pensioners though reported to have been agreed upon is yet see the light of the day.

Anonymous said...

Are you happy about this settlement ? can you please compare what has been promised by these unions while beginning of these talks and what we got? It seems everything is decided before talks itself that 15% is the percentage to be agredd.Pure politics by associations. instead of these associations , if we have trusted the govt , we would have got more in the pay commissions.

Anonymous said...

union is pipette of iba. we all know match is fixed. union only making their own interest. i didn't know why we are giving them fees for membership every month only for eating and too much meeting every month . and result is no complete 5day week.

Anonymous said...

what about grade pay...regulated working hours

Anonymous said...

After all this hue and cry this is what u achieved... Why were in so hurry to get surrendered... I think union is more concerned about the political brass and not the employees...

Anonymous said...

Happy abt 2nd & 4th Saturday holiday

Anonymous said...

What's the benefit of 2 holidays compensating 2full saturdays

Anonymous said...

R any one Really happy with this increase ;competitive salary with other salaried employees ?compromise with 2 and half year struggle is it waste? State govt employees getting 43%fitmeny but bank employees ?

Anonymous said...

2% load factor means what? is it 0.10 as per 9th BPS? Please clarify this doubt..

Anonymous said...

IBA successfully fooled us...Saturdays will be full working days.!!!!!!...plus and minus equals minus. Anyway the drama ends.Atleast we have to clinch 16 percent and remaining Saturdays will be as usual

Anonymous said...

How can you say you are happy to inform the sad news mr.biswas. Is this the just settlement what we Sam bankers waiting for the last 27 months toiling hard in banks with increased pressures and stress bound environment currently in the banks expecting a relief by way of good just settlement...??? Is that the 2% load factor is what we expect to be achieved from Iba from you people through negotiations...shame on you guys...real shame...that too da payable on revised basic has been agreed to that of march 2912 instead of November 2012..we can't understand what really you union people hav achieved in this settlement...two Saturday holiday? By making the other Saturdays full working...do we call this an achievement... Mr.kumar, introspect yourself now..is it for these people you have been in support for...true leaders think of their fellow team mates n NT themselves first... No regulated working hours for officers and no comment about da slab rate whether it I 0.15 or 0.10...which has not been commented..really depressed over d news n we young bankers will really think to stay in this industry even...with no proper remuneratio for the increasing workload and pressures for achieving targets like in pvt sector..then whatfor to stay in dis psbs....to do govt schemes and getng blamed for the npa's... Fellow bankers introspect yourselves...it is time to decide to believe our leaders..

L.sravan kumar

Anonymous said...

Paahahahaha!!!!! I just quit my post of branch manager scale1 in December to join a central govt job. Now with the 7pay common being implemented next year my pay will be twice that of a scale 1 officer. To the aam banker I hope you enjoy the bread crumbs left behind by the dirt bags at ubfu & iba. If you have some dignity left then please quit your bank jobs ( it does not enjoy the social status it did 30 years ago) or at least leave your respective unions. Time and again these bastards have sold out the interests of the average banker

Anonymous said...

Sir, what will b the new salary structure for a bank clerk..pls give an idea..

sonam meena said...

What is 2% sir

Anonymous said...

Whether 28/2/15 will be a holiday?

Anonymous said...

What will be likely salary after 15%hike and DA Merger for officer and workmen staff. Please upload probable chart for different stage.

Anonymous said...

How would we calculate our revised salary as per this settlement...?? Plz show the process.

sujit nayak said...

What abt the load 2%

Anonymous said...

Sir , Can you plz explain point number 3 of minutes of discussion which tells about 2% of load factor amounting to 597 crores

Anonymous said...

5th saturday full working day
Expected
1.new basic = 1.6341*old basic
2.D.A.= 0.20% per slab upto 100 slabs and 0.11% per slab after that.

Anonymous said...

5th saturday is full working day and
Expected
1.new basic = 1.6341*old basic
2.D.A.= 0.20% per slab upto 100 slabs and 0.11% per slab after that.

Anonymous said...

Working.

Lillykutty Dominic said...

What is this 2% load factor ?

thanks said...

Thanks for sharing

thanks said...

Others Saturday full working day obviously..

Anonymous said...

There are only 4 saturdays in a month 5th saturday happens very rarely

Seiminlun Gangte said...

This is for officers what abt workmen staff.

Anonymous said...

Why happy to announce?...after 27 months of meetings/talks ..iba have won the negotiations. This ufbu idiots couldnt even get a meagre 19% hike and they are tapping their back. All aam bankers to quickly protest now for change in union structure.

Anonymous said...

Apply frm which month???

Anonymous said...

15 % From Nov 12, 2 Saturdays each month from nov 12 Means 130 Half days = 75 Days holiday or payment?

Anonymous said...

Increase in Salary or Decrease in Salary??

Suppose a basic of Rs 100 as on 01.11.2014. DA was 76% approx. Total basic+DA = Rs 176.

Now merging DA of 60.15%. Total Basic + DA= Rs 160.15. Adding a load factor of 2% of basic+ DA(i.e. 2% of 100+66= Rs 3.32). Now New basic + Da as on 01.11.2012 is Rs 163.47 as against revised basic+ Da of Rs 176. Ridiculous

HIRENDRA CHAUHAN said...

Sir,

Kindly provide us an excel sheet to calculate our month wise arrear amount since Nov 2012 to till date.

Thanks & Regards

Hirendra Singh chauhan

rajeevkojha said...

Now it is imperative that a new Confederation of all employees of the Banks should be floated:
1.There will be no place for retired bank employees/netas in the executive committee.
2.Immediately demands for 11th BPS should be communicated to Govt.so that there is no delay in wage settlement in future.
3. Like UFBU,IBA should also be kicked-out of any negotiation process. All talks should be with the Govt only.

4. Demand should be that the bank employees should also be covered by 7th CPC.
5. Demand of any subscription/levy by Union/Association,under coercion or threat, should be declared an offence under Prevention of Corruption Act.
6. All existing netas must be held strictly accountable for the subscription/levy collected by them.An audit by CAG and consequential investigation by CBI should be demanded by the new Confederation.
7. Retired netas should be barred from entering/occupying bank or Union/Association properties.
8. All bank employees should work like Govt. offices ie strictly as per rules.

Vilas Tribhuvan said...

Sir r u happy with this settlement?

N N B GIRI said...

hope distribution of 15% rise is equitable in all scalesand fringe benefits like HRA &CCA Do not cheat the seniors either

Anonymous said...

This is totally worst setttlement.... unions ne sab taraf se paise khaye,,,, 2yrs wait ke baaad bhi kuch nhi,,,,, firstly we shud boycottt this union,,, unions go to hell

arun kumar said...

Is idbi bank eligible to get 15 % hike..

Anonymous said...

Dear bankers, I think we should not spread rumors. Instead we should urge our unions leaders and IBA to clear their stand on point no. 2 and 3. And If the union leaders is reading the comment then Pls. Clear the points.

Unknown said...

How about Sunday working branches do we get Sunday holiday