January 26, 2015
Total Offer in Hike as on 24.01.2015
To understand offer of improvement by IBA- Some of our friends are asking about hike , this is the offer of IBA I.e. 11% to 12.5%.
Last time it was 10.3% +7.2% I.e. pay slip increase+cost of superannuation benefits.Total 17.5%
Now the offer is 12.5% +12% Total 24.5%
Settlement Update 24.01.2015
Dear friends.. latest update about our settlements:
1) 12.5% offer (still negotiating with IBA for further improvement) by the IBA as on date is equivalent to Rs.3940 crores is only on payslip components (9th settlement 17.5% offer was inclusive of payslip components + all other expenditures - total of 3000 crores)
2) only for medical expenses in this settlement agreed by IBA is around 500 crores..
3) medical expenses for self & family 100% reimbursement by banks without any ceiling (previously it was 100% for self & 75% for families with ceiling)
4) petrol allowance for clerks also
5) improvement in leave conditions for award staffs
6) 60% increament in basic pay
7) 400 points (in 10th settlement alone) of DA merging with basic pay (7th + 8th + 9th settlement total da merger of points was 425 points..)
8) these things were achieved without compromising existing conditions
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