March 16, 2015
March 11, 2015
Next Meeting with IBA on 16th & 17th of March
10 BPS Small Committee Meeting with Officers on Monday the 16th March 2.30pm and with Workmen on Tuesday the 17th at 11 a.m at IBA office Mumbai.(For deciding distribution of 15% increased wage fund among Officers, Workmen and sub staff )
Kindly note that
1. How the 15% increased wages will be added in basic salary will be decided in this meeting.
2. Approximately 10-13% flat increase will be given on the basic salary after merging 60.15% DA, Remaining 2 to 5 % increase will be distributed among other allowances like
HRA, Conveyance etc.
3. Arrears will be paid w.e.f
1 November 2012.
4. Funds for retirement benefits have been allocated separately i.e 3330 Crore rupees. Hence 15 % increased wages of working employees doesn't include increase in retirement benefits of retired employees.
5. Correct salary calculation/increase chart will be circulated based on the mutually acceptable decisions taken in the meetings taking into account the pay load to be beared by the banks.
Previously circulated message conveying that
"only 2% increase will be given on the basic salary circulated by others was baseless hence unreliable".
March 4, 2015
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