IBA CIRCULAR:
HR & Industrial Relations July 25, 2015
No.CIR/HR&IR/2015-16/XBPS/1120
Designated Officers of Member Banks which are parties to the BPS
Dear Sir/Madam,
X BP SETTLEMENT – CLARIFICATIONS
1. Paternity Leave:
Clause 32 of the X Bipartite Settlement provides the benefit of Paternity Leave w.e.f.
1.6.2015 to male employees with less than two surviving children for 15 days during his
wife’s confinement and may be combined with any other kind of leave except Casual Leave.
The leave may be availed upto 15 days before or upto 6 months from the date of delivery of
the child.
Clarifications: The leave may be granted to an employee even where the date of delivery of
the child was prior to 1.6.2015, provided, however, that the leave is availed within six
months from the date of delivery. Further, the leave shall be sanctioned 15 days before the
delivery or up to 6 months after the delivery.
2. Leave Fare Concession:
Clause 19 (iv) of IX Bipartite Settlement dated 27.4.2010 provided that an employee
encashing the facility of Leave Fare Concession shall proceed on leave for a minimum period
of one day.
Clarifications: Clause 19 (iv) of X Bipartite Settlement dated 25.5.2015 does not have this
provision and hence with effect from 1.6.2015, employees may be allowed the facility of
encashing of Leave Fare Concession without the requirement of availing Leave for this
purpose.
3. Treatment of Special Allowance for fixation of Pay for Ex-Servicemen re-employed in Banks:
Under Clause 9 of the X BPS, Special Allowance at the rate of 7.75% of the Basic Pay with
applicable DA thereon will be paid w.e.f. 1.11.2012.
Clarification: Queries have been received as to whether the same is to be reckoned for the
purpose of encashment of PL on LFC/retirement, Overtime, and while pay fixation of Exservicemen joined the service of the Banks on or after 1.11.2012.
It is clarified that the Special Allowance is to be reckoned at the time of
PL encashment on LFC/retirement,
the same shall not be reckoned for the purpose of fixation of pay of Ex-servicemen who are remployed in Banks on or after 1.11.2012.
4. Adjustment/advancement of stagnation increment to employees who acquire JAIIB/
CAIIB/ Graduation
Clause 11 of X BPS dated 25.5.2015 provides that in case where the non-subordinate
employees as on the date of this Settlement, has already acquired JAIIB (Part-I) or CAIIB
(Part-II)/ Graduation after reaching maximum of the scale of Pay (in case of JAIIB/ CAIIB/
Graduation) or after reaching 19TH stage of scale of Pay (in case of CAIIB/Graduation), and
has not earned increment(s), otherwise entitled on account of acquiring such qualification,
when there were no increments to provide in the scale of pay of those employees, the
stagnation increment in such cases may be advanced by one year or two years as the case
may be.
Clarification: Non-subordinate employees who acquires such qualification after reaching
the 19th or 20th stagnation, their next immediate stagnation increment may be advanced
accordingly by one/two years as the case maybe, w.e.f. 1.11.2012 or the actual date of such
advancement whichever is later.
Member banks may please be guided as above.
Yours faithfully,
Sd.. K Unnikrishnan
Deputy Chief Executive
HR & Industrial Relations July 25, 2015
No.CIR/HR&IR/2015-16/XBPS/1120
Designated Officers of Member Banks which are parties to the BPS
Dear Sir/Madam,
X BP SETTLEMENT – CLARIFICATIONS
1. Paternity Leave:
Clause 32 of the X Bipartite Settlement provides the benefit of Paternity Leave w.e.f.
1.6.2015 to male employees with less than two surviving children for 15 days during his
wife’s confinement and may be combined with any other kind of leave except Casual Leave.
The leave may be availed upto 15 days before or upto 6 months from the date of delivery of
the child.
Clarifications: The leave may be granted to an employee even where the date of delivery of
the child was prior to 1.6.2015, provided, however, that the leave is availed within six
months from the date of delivery. Further, the leave shall be sanctioned 15 days before the
delivery or up to 6 months after the delivery.
2. Leave Fare Concession:
Clause 19 (iv) of IX Bipartite Settlement dated 27.4.2010 provided that an employee
encashing the facility of Leave Fare Concession shall proceed on leave for a minimum period
of one day.
Clarifications: Clause 19 (iv) of X Bipartite Settlement dated 25.5.2015 does not have this
provision and hence with effect from 1.6.2015, employees may be allowed the facility of
encashing of Leave Fare Concession without the requirement of availing Leave for this
purpose.
3. Treatment of Special Allowance for fixation of Pay for Ex-Servicemen re-employed in Banks:
Under Clause 9 of the X BPS, Special Allowance at the rate of 7.75% of the Basic Pay with
applicable DA thereon will be paid w.e.f. 1.11.2012.
Clarification: Queries have been received as to whether the same is to be reckoned for the
purpose of encashment of PL on LFC/retirement, Overtime, and while pay fixation of Exservicemen joined the service of the Banks on or after 1.11.2012.
It is clarified that the Special Allowance is to be reckoned at the time of
PL encashment on LFC/retirement,
the same shall not be reckoned for the purpose of fixation of pay of Ex-servicemen who are remployed in Banks on or after 1.11.2012.
4. Adjustment/advancement of stagnation increment to employees who acquire JAIIB/
CAIIB/ Graduation
Clause 11 of X BPS dated 25.5.2015 provides that in case where the non-subordinate
employees as on the date of this Settlement, has already acquired JAIIB (Part-I) or CAIIB
(Part-II)/ Graduation after reaching maximum of the scale of Pay (in case of JAIIB/ CAIIB/
Graduation) or after reaching 19TH stage of scale of Pay (in case of CAIIB/Graduation), and
has not earned increment(s), otherwise entitled on account of acquiring such qualification,
when there were no increments to provide in the scale of pay of those employees, the
stagnation increment in such cases may be advanced by one year or two years as the case
may be.
Clarification: Non-subordinate employees who acquires such qualification after reaching
the 19th or 20th stagnation, their next immediate stagnation increment may be advanced
accordingly by one/two years as the case maybe, w.e.f. 1.11.2012 or the actual date of such
advancement whichever is later.
Member banks may please be guided as above.
Yours faithfully,
Sd.. K Unnikrishnan
Deputy Chief Executive
6 comments:
What about 100% LFC encashment?
Please clarify whether LFC encashment is 75% or 100%.
Kumar sir, please clarify.
Bipartite document dont have info about this.
The X bipartite settlement as released by IBA, Page 18, Para 19 (iv) reads as:
"On opting to encash the facility, he will be entitled
to receive a lump sum equivalent to notional train fare for the admissible distance (depending on a 2 year or 4 year block) by the entitled class, subject to deduction of admissible tax at source."
This means you are eligible for 100%.
In IX Bipartite, Page 19, Para 19 (iv) reads as:
"On opting to encash the facility, he will be entitled to receive a lump sum equivalent to 75% of notional train fare for the admissible distance (depending on a 2 year or 4 year block) by the entitled class, subject to deduction of admissible tax at source."
S.Devadass
Thank you Devadass Sir
Sir,
Will this wage revision not effect pensioners who retired after Oct.2012.If it won't,then why they are asking for your option not to claim arrears of commutation.This time they have advised different D.A. rates for regular employees and retirees of above class effective 01.08.2015.Kindly clarify.
sir, I got my 5th stagnation increment on 1/1/2013. please clarify if i am eligible for 6th stagnation increment on 1/1/2015 as per 10th bps??
Sir,
I applied for LFC encashment in the month of May 2015 with one day leave on 3 Jun 2015. I got 75% fare on encashment in May 2015. Will I get the 100% encashment in this case or 75%?
Pankaj Bhardwaj
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