February 27, 2015

‪‎Wage‬ ‪‎Revision‬ ‪‎X Bipartite‬ ‪‎Settlement‬ : Calculations

Old ‪#‎Basic‬ ‪#‎Pay‬ + Add 60.15% ‪#‎DA‬ as ‪#‎Merger‬ + 2% Load = New Basic
‪#‎HRA‬ will be increased by 10 bps approximately
New ‪#‎Allowance‬ may be introduced for rest 3% or other ‪#‎Salary‬ ‪#‎Slip‬Allowance may be hiked
‪#‎Officers‬ having ‪#‎Leased‬ ‪#‎Accomodation‬ will not see much increase
‪#‎Banks‬ ‪#‎Management‬ will get benefitted as ‪#‎PF‬ to be deduct only on Basic & Only 2% hike in Basic
‪#‎Staff‬ retiring up to 31.10.17 will be in loss as ‪#‎Pension‬ calculates on last 12 month basic and only 2% increase in basic will not affect much to them
‪#‎Award‬ staff see higher growth as HRA will increased in salary slip.
#DA ‪#‎slabs‬ to be reduced to 0.10 from 0.15
Only benefit we got 2 Saturday off.... One step towards ‪#‎5DayBanking‬
Ask your leaders if not believe.....