Pay Scale Distribution For Award Staffs

Today, the distribution chart has been signed between IBA and our Unions covering the allocation to various heads.   Payscales and Allowances are as under:

A.  Pay Scales: from 1-11-2012

Clerk:   11765 – 655/3 –815/3 –980/3 –1145/7 –2120 –1310/1– 31540 – 1310 x 8 = 42,020

Substaff :   9560 – 325/4 – 410 /5 – 490/4 – 570/3 – 655/3 – 18545 – 655 x 8 = 23785

Stagnation increments: 8 : Substaff: 8 x 2 years  ; Clerk : 5 x 3 years + 3 x 2 years

B.   Dearness Allowance: 0.10 % per slab of 4 points over 4440 points

C.   HRA : 45 lacs and above: 10 % ;  12-45 lacs & Goa : 9 % ; other centres : 7.5 %

D.  Transport Allowance: upto 15th Stage : Rs. 425 and others : Rs. 470

E.   Special Pay:

i)                    SWO-B: 820;         Head cashier: 1280;       Spl. Asst. 1930

ii)                  Armed Guard/Bill Collector: 390;    Daftary: 560;    Head Peon: 740;    
            Driver: 2370; Electrician/AC Plant Helper: 2040,     Head messenger in IOB: 1630

F.     PQP : Rs. 410,  800,  1210 , 1620,  2010

G.   FPP :                    Clerk:           Rs.  1310 /  1580, 1570, 1550, 1550 / 1450
                                 Substaff:      Rs.    655 /  790,     890,    780,   780 /   730

H.  Medical Aid :   Rs. 2200 per year

I.      Special Allowance ( new allowance ) :

7.75 % of Basic pay; DA is payable on this allowance

The full Settlement is under preparation and is expected to be signed on the 25th May, 2015 (Monday).

Flash:   Yesterday, RBI has given its in principle ok for implementing Full holidays on 2nd and 4th Saturday.  Matter is being expedited with the Government now

Yours comradely,

WAGE REVISION DISTRIBUTION FINALIZED

UFBU & IBA TALKS STATUS 16.05.2015

Banker...?

Encashment of Leave on Compulsory Retirement Now Permitted

IBA’s Arrogant and Arbitrariness Attitude Now Totally Exposed:   Encashment of Leave on Compulsory Retirement Now Permitted

Today (i.e. 15th May 2015), a copy of the IBA letter dated 11th May 2015 has been released wherein  IBA has instructed the Chief Executives of the Banks to permit encashment of leave on compulsorily retirement.

A reading of IBA circular gives a real insight of the mind set of IBA team and their absolutely negative attitude towards bank employees.   I am shocked to see the arrogant and arbitrary attitude of IBA on this issue and the brazenness with which they have admitted so to how they have harassed the poor bankers who were given CRS.
Let me first put below the copy of the said circular issued by IBA, for which some union leaders  are trying to take credit and even saying that it was because of their taking up the issue in sub-committees.  Should we assume that the sub-committee decisions will now be released in instalments rather than in one agreement to be called 10th BPS?   This is another method of befooling the Aam Banker