How much Increase? (As on November 2012)

Reposted after corrections.

Full particulars of 19.05.2015 talks

Today, (19.05.2015) the distribution chart has been signed between IBA and our Unions covering the allocation to various heads.   Pay scales and Allowances are as under:

A.  Pay Scales: from 1-11-2012



Clerk:   11765 – 655/3 –815/3 –980/3 –1145/7 –2120 –1310/1– 31540 – 1310 x 8 = 42,020


Substaff :   9560 – 325/4 – 410 /5 – 490/4 – 570/3 – 655/3 – 18545 – 655 x 8 = 23785

10th B.P.S. finalized!

Todays meeting out come:

:: Scale of pay finalized::
   Clerks: 11765 to 31540
  Substaff: 9560 to 18545
   (20 stages)

::plus 8 STAGNATION increments.
5 once in 3 years and
3 once in 2 yrs -

 ::8th stag. Inc. w.e.f.1.5.2015

 :: DA - 0.10% per slab

Discussion with IBA on medi claim and items
held yesterday not concluded.
Next talks on 19th.
BEFI Office Bearers meeting on 20th.

(In the mean time a news is spreading that
SBI is getting ready for giving arrears and
new salary in June.
Any SBI employee may please confirm this news.)
Or as usual it is also a fake creation?

Sub-Group meeting between UFBU and IBA
on Medical Insurance will be held tomorrow.
i.e on 16th May at 2.30 P/M/ at Mumbai
=BEFI news

No news about finalisation of Pay structure and
date. of signing of final settlement.

The government is pushing its programmes through the banks!

Business Standard

Banks must follow rules for insurance policy: unions

IANS  |  Chennai  

May 8, 2015 Last Updated at 16:18 IST

Unions in the banking sector have cautioned their members to follow procedures while enrolling members under the government insurance schemes to be launched on May 9, said union officials.

Officials at some branches of nationalised banks told IANS that they were being pressured by the management to enrol account holders under the insurance schemes prior to its launch so as to show impressive numbers to the powers that be.

"Our top management has directed lower level officials to enrol customers under the insurance scheme by any means. So employees are filling up the forms in the names of customers," an official of a nationalised bank told IANS preferring anonymity for himself and his bank.

He said it is not known how the bank would proceed further on the issue.

"Whether the bank would debit the customer account's Rs.12 (for personal accident policy) and reverse the same if he objects to the debit is not known," he said.

The scheme clearly stipulates that express consent of the account holder is a must before enrolling him/her under the policy.

May Day!