Latest Bank Bipartite settlement
11th Bipartite Banks
Finally signed on 11/11/2020.
Basic Pay :
Officers Scales of Pay:
Scale I : 36000 – 1490 x 7 – 46430 – 1740 x 2 – 44910 – 1990 x 7 – 63840
Scale II: 48170 – 1740 x 1 – 49910 – 1990 x 10 – 69810
Scale III: 63840 – 1990 x 5 – 73790 – 2220 x 2 – 78230
Scale IV : 76010 – 2220 x 4 – 84890 – 2500 x 2 – 89890
Scale V : 89890 – 2500 x 2 – 94890 – 2730 x 2 – 100350
Scale VI : 104240 – 2970 x 4 – 116120
Scale VII : 116120 – 3220 x 4 – 129000
scale I : 5 stagnation increments 1990 x 2, 2220 x 2, 2220 x 1
scale II : 5 stagnation increments 2220 x 5
scale III : 6 stagnation increments 2220 x 4, 2500 x 2
scale IV : 2 stagnation increments 2730 x 2
scale V : 1 stagnation increment 2970 x 1
Clerical Basic Pay:
17,900 – 1000 x 3 – 20900 – 1230 x 3 – 24590 – 1490 x 4 – 30550 – 1730 x 7 – 42660 – 3270 x 1 -45930- 1990 x 1 – 47920
Stagnation Clerical : 1990 x 9 – 65830.
Substaff Basic Pay:
Rs. 14500- 500 x 4 -16500- 615 x 5 – 19575- 740 x 4 – 22535 – 870 x 3 – 25145 – 1000 x 3 -28145.
Stagnation Substaff : 1000 x 9 -37145
Fitment in the new scales of pay shall be on a stage-to-stage basis.
Dearness Allowance :
Uniformity in periodicity has also been agreed upon. As already informed, DA would be at 0.07% per slab of 4 points over 6352 points of Index.
as on Nov 2017 — 2.66%
as on Nov 2020 — 23.8%
Revised Special Pay :
SWO B – 1250
Head Cashier – 1940
Special Assistant – 2920
New Learning Allowance for Offficers
Rs. 600 (DA also applicable.)
House Rent Allowance
for Officers: HRA:
- Area 12 to 45 lacs population : 9%
- Area 5 to 12 lacs population: 8%
- Area Below 5 lacs population: 7%
for clerks and substaff HRA
At all centres 10.25 %
CCA (Only for officers)
Places area 1 : 1400 per month
Places with 5 lakh and above : 1150 per month
Other areas : 700 per month
scale I to scale III : 16.40 % of the Basic pay with applicable DA thereon.
Scale IV and V : 19 % of the Basic pay with applicable DA thereon.
Scale VI and VII : 20 % of the Basic pay with applicable DA thereon.
For workmen employees:
Clerk and Substaff: 16.40 % of the Basic pay with applicable DA thereon.
Officers JMGS and MMGS Rs.10300
Officers in SMG and TEG Rs. 12300
Clerk and Substaff : 2355
Rs. 600 for both clerical and substaff ( DA also applicable.)
Leave Fare Concession
For subordinate staff
Once in 2 years – 2600 km
Once in 4 years – 5200 km
Once in 2 years – 2200 km
Once in 4 years – 4400 km
Halting Allowance Bank Clerks:
|Places with population of
12 lakhs and
state of Goa
|Places with population of
5 lakhs and above
State of Capitals & Union Territories Rs.
|Other Places Rs.|
Halting Allowance Bank officers:
|Metro Rs.||Major ‘A’ Class Cities Rs.||Area I (Rs.)||Other Places Rs.|
|Officers in Scale VI & above||2700||1950||1650||1425|
|Officers in Scale IV & V above||2250||1950||1650||1425|
|Officers in Scale I/II/III||1950||1650||1425||1200|
Metro : Chennai, Kolkata , Mumbai & Delhi
GRADE MAJOR “A” : Ahmedabad,Bangalore, Hyderabad,
AREA I (Popln of > 12 lacs) : Agra, Bhopal, Coimbatore, Indore, Jaipur, Kanpur, Kochi, Lucknow, Ludhiana, Madurai, Nagpur, Patna, Pune, Surat, Vadodara, Varanasi etc.
AREA II : Other places
WATCH THIS VIDEO REGARDING 11TH BIPARTITE
One more video
THANK YOU FRIENDS
10th Nov 2020
IBA AGM: Bipartite will be signed tomorrow.
So it will be completed by tomorrow ie 11th Nov 2020 after three years wait. Best of luck.
Message from Unions:
11th bipartite talks discussions concluded. Settlement being signed tomorrow.
09 Nov 2020
Sorry friends one more date added.
Talks concluded today on a positive note. Joint note to be drafted tomorrow.
May be it will take one more day.
05 Nov 2020
Meeting at IBA Committee Room on 9th November, 2020 at 11.30 a.m. to move forward towards signing the 11th Bipartite Settlement/Joint Note.
31 Oct 2020
In today’s meeting with IBA.
Today, the revised Pay scales have been worked out as under :
Clerical: Rs. 17,900-1000/3, 1230/3, 1490/4, 1730/7, 3270/1, 1990/1,
Substaff: Rs. 14500, 500/4, 615/5, 740/4, 870/3, 1000/3, 28145.
Stagnation increments would be 9 increments after reaching maximum.
Uniformity in periodicity has also been agreed upon. As already informed,
DA would be at 0.07% per slab of 4 points over 6352 points of Index. On
HRA, it has agreed that there would be uniform rate of HRA in all centres
as against 3 different rates as at present. Other items like PQP, Special
Pay, FPP, HRA, Medical aid, etc. is being been worked out. Besides Special
Allowance of 16.4% for both clerical and substaff, DA will also be paid on
Transport Allowance. Looking to these developments and areas of
understanding, the itemwise distribution under different components is
being finalised. Revision in powers of Special Pay posts and increase in
amount of special pay is under discussion and would be finalised. It has
also been agreed to sign the Settlement at the earliest.
It has been decided by IBA to hold a meeting of the Group at IBA Committee Room, Cuffe Parade, Mumbai at 10.00 a.m. on 31st October, 2020 (Saturday).
So Next round of discussions with iba by workmen unions on 31st oct. at iba office mumbai.
*Wage Settlement Alert*
Madras Hicourt Case adjourned till 28 th Oct. And next hearing of case in allahabad hi court is on 3rd nov 2020.
BP SETTLEMENT NOT TO BE SIGNED TILL THEN.
17 October 2020
IBA Derails the Officers’ Wage Revision bcoz of workmen unions not ready to sign:
Officer Unions Having received the concurrence of IBA to hold the signing ceremony on 18th October, 2020, formal invi-tations were sent to representatives of officer organisations across the country.
However, today abruptly without any
rhyme or reason, IBA in the forenoon informed their inability to conclude and ink the joint note pertaining to officers’
wage revision w.e.f. 01.11.2017.
The lame reason cited by them was not signing the costing exercise with the Work-men Unions.
Four officer unions decided to:
a) Withdrawal of extra cooperation.
b) Officers should restrict to the allocated work upto 6.00 p.m. only.
c) Officers should not respond official SMS/ Whatsapp beyond 6 p.m.
d) Officers are directed not to do any official work on Sundays and holidays viz. attend webinars/ office/ participate any programme related to canvassing of third-party products/ marketing drives/ training programmes/ ‘P’ Review meetings.
Talks with workmen unions already failed due to special allownce percent.
90 DAYS ABOUT TO COMPLETE
Meeting of 4 workmen unions with iba fixed on 16th morning at Mumbai.
12 October 2020
As per one of the Union Leaders message–
Talks with IBA commenced at 1.00 p.m today i.e. 12.10.20. Progressing in the right direction; will resume tomorrow.
Dear friends, there are two types of unofficial news in trend about wage revision.
As per first news an union name we bankers registered a petition in high court demanding pay commission.
And as per second news Received: Bipartite will be signed by IBA and UFBU before 15th Oct 2020.
New salary will be from Nov2020. Arrears of 36 months will be paid
before Navratri I.e. before 27.10.2020 (after deducting arrears already paid last year)
–New Basic to be 1.515 times existing
–Special Allowance 15.50% of new basic
–HRA at 7/8/9 % based on area
–CCA, PQP etc fixed at 1.515 times
–Medical fixed at 12,000 from existing
–P.F. deduction continues at 10% of new
–14% employer contribution for NPS.
— NPS Employee contribution kept constant
at 10% (Basic pay plus DA)
–PLI formula same as per MOU.
Further, LEVY amount has been finalized by
UFBU @ 2% of gross arrears
17th September 2020
As per The joint circular issued by bank unions :
Cost of wage revision – for workmen : Rs. 3385 cr (Out of the total of Rs. 7898 crores).
Amount allocated for Basic Pay, DA, Spl. Pay, PQP : Rs. 495 crores
For other payslip components : Rs. 2890 crores
Pay Scales: Proposals on revised Pay Scales were discussed and looking to overall cost,
it was decided to finetune the same and finalise the payscales.
It was agreed that one more stagnation increment would be granted both to clerical and substaff.
Special Pay, PQP, FPP – being revised on the same basis as revision in Basic Pay.
Special Allowance: Special
Allowance should be revised substantially upward but within the cost.
Revision in HRA, Transport Allowance and Medical Aid: After finalising the
percentage of Special Allowance , these items would be finalised.
Non financial items: Most of the items as already discussed during the earlier meetings were reiterated and confirmed.
Remaining items will be finalised shortly.
11 September 2020
Next meeting on 17th September 2020 to finalize salary structure.
28 August 2020
Discussions in Meeting on 28th August 2020:
- 1. Out of Rs. 7808 crores (15%) of total amount agreed in the MOU for employees and officers put together, the amount apportionable for workmen employees would be Rs. 3385 crores. Out of this. Rs. 495 crores would be towards Pay + DA and balance Rs. 2890 crores would be distributed to other components.
- 2. Tentative proposals on new Payscales were discussed and the same would be finalised in the next round of meeting.
- 3. The issue of dispensing with the Graduation increment and constructing the clerical payscales accordingly was discussed but
not yet finalised.
- 4. DA rates from November, 2017 would be 0.07% per slab of 4 points of quarterly average increase over 6352 points.
- 5. issue of grant of one more stagnation increment and also improvement in periodicity i.e sanction of all stagnation increment every two years for clerical cadre like substaff. Issue will be further discussed and finalised.
- 6. Some discussions took place on Special Pay, Special Allowance, etc. but it was decided that the same would be finalised after finalising the payscales.
Further discussions will be held in the next round of meeting to be held shortly.
22 July 2020
The waiting time is finally over for the public sector banks. Their much needed demand for settling the 11th Bipartite Wage Revision is finally concluded with 15% hike.
Highlights of MOU between IBA and UFBU In todays meeting on 22-07-2020
The date of effect is 01.11.2017
Total increase will be 15% ( 7898 crores)
DA will be merged at 6352 points
Load Factor 2.5 % on Basic Pay (Approx 1155Carores)
Distribution will be done seperately by mutual discussion
PLI – 5-10-15 days salary for incremental GP above 5, 10, 15%
Additional Encashment 5 days per year ( 7 days above 55 years)
NPS contribution 14% ( Govt. decision to be followed)