Wage revision has been completed in Banks and Life Insurance Corporation of India.
I wish to remind you that LIC salary was far below than Banks in 1980s.
Inch by inch they move forward and surpassed Banks and far ahead of Banks today.
I just give an comparison here...
(Any discrepancies will be rectified in due course)
Present circular on Family Pension by IBA:
This is applicable for family pension for those who retired after 01.11.2017 as per 11th Bipartite Basic Pay.
It is as per old formula ,i.e.slab system.
Revision of family Pension 30% without ceiling for all family Pensioners (old and new) is still pending with Finance Dept.
After getting approval from Govt. all F.P will be revised according to date of retirement.
