July 22, 2015
2nd & 4th Saturday off in Bank - Finance Ministry may send the notification for publication in the gazette any time
2nd & 4th Saturday off in Bank
Saturday half-day has been an integral
feature of Indian Banking Industry for more
than 150 years. A change in this is not a
small thing. Saturday holiday involves a lot of
procedure, legal formalities, RBI and
government approval etc, followed by gazette
notification, RBI notice to Payment &
Settlements System etc. Although the
agreement is between IBA and 11 Unions,
involving 43 Banks, the holiday is a
permanent one for the entire industry
including co-op Banks, NEFT/ RTGS etc.
Now the matter is in the final stage. The
Finance Ministry may send the notification for
publication in the gazette any time. The exact
date of implementation will be published in
the notification.
DA for Bank Employees DA FOR AUGUST 2015
CPI (IW) for May 2015 released. Its an increase of 2 points again. Index is at 258. Waiting for final month. Even if 258 is continued for next month we will have an increase of 21 slabs or 2.1% of our new basic + Special pay as increase. In case of old salaries it will be an increase of 3.15%.
Old basic of P O ( 14500 ) DA increase would be Rs.456/-
New basic of P O ( 23700+1836 ) DA increase is Rs. 536/-
July 12, 2015
July 10, 2015
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