ALL INDIA BANK EMPLOYEES' ASSOCIATION
CIRCULAR LETTER NO. 27/121/2015/17 19th March, 2015
Dear Comrades,
1. Ongoing negotiations on wage revision and other improvement in service conditions: Units are aware that the Minutes of Discussions signed by us
with the IBA on 23-2-2015 covering 15% increase towards cost of payslip
components and amounting to Rs. 4725 crores coupled with full holidays on 2nd and
4th Saturday of every month are significant breakthrough in the given circumstances
and as compared to previous wage revision. Our other demands are also being
discussed and sorted out and already understandings have been reached on some of
the issues. The details of agreed issues have already been circularised by us for the
information of our members. The construction of revised payscales and other issues
will be taken up in further rounds of discussions. In the meantime, all sorts of
misinformation, wrong information, rumours are being spread by vested interests
about distribution of load to various items, etc in order to create confusion amongst
the members. Our units are to keep off from such attempts and not fall a prey to the
same. As and when any development is there, we shall keep our units informed.
2. Full holiday on 2nd and 4th Saturday of every month: On this also, various
types of wrong information are in the market. Working Hours are service conditions
which are part of the provisions of Bipartite Settlement. The relevant provisions have
to be duly amended at the time of full-fledged settlement. Negotiable Instruments
Act has to be amended and RBI also has to issue revised instruction on banking
hours. In the meantime, based on our Minutes of Discussions, IBA has taken up the
issue with the Government and RBI for due changes pending amendment to our
Settlement. 2 Saturdays as holidays can be implemented only after completing these
formalities. Hence units would appreciate that all these procedures would take some
time.
3. WhatsApp messages, SMS, etc: Oflate we observe that all types of
unconfirmed information are being forwarded/circulated amongst our members
through WhatsApp messages, SMS, etc. All these only contribute to avoidable
confusions and we are required to clarify these questions every now and then
disturbing our time and energy. Our units are requested to advise all concerned that
any information related to wage revision, etc. are to be forwarded only if they are
emanated from AIBEA or our State Federations. Technology can be used but not
abused.
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
CIRCULAR LETTER NO. 27/121/2015/17 19th March, 2015
Dear Comrades,
1. Ongoing negotiations on wage revision and other improvement in service conditions: Units are aware that the Minutes of Discussions signed by us
with the IBA on 23-2-2015 covering 15% increase towards cost of payslip
components and amounting to Rs. 4725 crores coupled with full holidays on 2nd and
4th Saturday of every month are significant breakthrough in the given circumstances
and as compared to previous wage revision. Our other demands are also being
discussed and sorted out and already understandings have been reached on some of
the issues. The details of agreed issues have already been circularised by us for the
information of our members. The construction of revised payscales and other issues
will be taken up in further rounds of discussions. In the meantime, all sorts of
misinformation, wrong information, rumours are being spread by vested interests
about distribution of load to various items, etc in order to create confusion amongst
the members. Our units are to keep off from such attempts and not fall a prey to the
same. As and when any development is there, we shall keep our units informed.
2. Full holiday on 2nd and 4th Saturday of every month: On this also, various
types of wrong information are in the market. Working Hours are service conditions
which are part of the provisions of Bipartite Settlement. The relevant provisions have
to be duly amended at the time of full-fledged settlement. Negotiable Instruments
Act has to be amended and RBI also has to issue revised instruction on banking
hours. In the meantime, based on our Minutes of Discussions, IBA has taken up the
issue with the Government and RBI for due changes pending amendment to our
Settlement. 2 Saturdays as holidays can be implemented only after completing these
formalities. Hence units would appreciate that all these procedures would take some
time.
3. WhatsApp messages, SMS, etc: Oflate we observe that all types of
unconfirmed information are being forwarded/circulated amongst our members
through WhatsApp messages, SMS, etc. All these only contribute to avoidable
confusions and we are required to clarify these questions every now and then
disturbing our time and energy. Our units are requested to advise all concerned that
any information related to wage revision, etc. are to be forwarded only if they are
emanated from AIBEA or our State Federations. Technology can be used but not
abused.
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
