ALL INDIA BANK OFFICERS’ ASSOCIATION
Circular No.10/VI/2015
May 20, 2015
Camp:
Mumbai
To
All UNITS / STATE COMMITTEES
Dear Comrades,
·
Understanding reached on financial components of wage revision.
·
7th Joint Note to be inked on 25th May 2015 at
Mumbai.
Today, the penultimate round on the current wage revision was held at
IBA Office, Cuffe Parade, Mumbai at 2.30 p.m. The IBA team was led by
Shri Arun Tiwari, CMD, Union Bank, Shri Ashwini Mehra, DMD, SBI, Shri M.
V. Tanksale, CEO, IBA, Shri K. Unnikrishnan, Dy. CEO, IBA, Shri K. S.
Chauhan, Vice President, HR & IR, IBA besides the support team of IBA.
Preceding the discussions, there was a preliminary round in which Com.
Alok Khare, Vice Chairman, besides the undersigned with the other
organizational representatives participated in the exercise.
CEO, IBA while welcoming the representatives of the officers
organisations expressed his happiness in the matter of reaching the
understandings on distribution of the financial benefits to the officers
based on the MOU inked on 23rd February 2015. He emphasized
the need to protect and promote the public sector banks image in the
eyes of the common man of the country. He also expressed the need to
take forward the message of building a sense of belonging to the members
of the officers’ community. Shri Arun Tiwari, CMD, UBI was categorical
that the work force needs to be satisfied first through whom the image
building and the involvement to build the public sector banks would
become possible. Representatives of the Four officers organisations
responded positively to the observations and expressions made by the
members of the IBA team. The agreed load was distributed amongst the pay
slip components through mutual discussion and the chart of allocation
was signed by the both the parties. The details are as under :
1.
Basic Pay
Scale I
-23700 - 980(7) – 30560 -1145(2)-32850-1310(7)-42020
Scale II-31705-1145(1)-32850-1310(10)-45950
Scale III-42020-1310(5)-48570-1460(2)-51490
Scale IV-50030-1460(4)-55870-1650(2)-59170
Scale V- 59170
-1650(2)-62470-1800(2)-66070
Scale VI-
68680-1960(4)-76520
Scale VII -
76520-2120(4)-85000
2.
Dearness Allowance
- @0.10% per slab above CPI 4440 currently - 33.70%
3.
Addl Stagnation increment
- Scale II – 1, Scale III-1, Scale IV-1 (periodicity
once in two years)
4.
CCA-
Higher Area 4% - 870, Lower Area 3% - 600
5.
HRA-
Major A class – 9%, Area I – 8%, other places -7%
6.
Medical Aid
- Scale I to III – Rs.8000, Scale IV and above – Rs. 9050
7.
Special Allowance
- Scale I to III – 7.75%, Iv & V – 10%, VI & VII – 11% (it
attracts Dearness Allowance)
The approval related to holidays on 2nd
& 4th Saturdays is pending with
Government Authorities for their approval and notification. Comrades,
efforts are taken to give true reflection of the above in the joint note
coupled with particulars related to other service conditions too.
Various suggestions have been made by officers’ organizations to IBA on
these matters.
We shall convey the full details of the joint notes once the same is
finally inked on 25th May 2015 at Mumbai.
Yours Comradely,
/S.NAGARAJAN/
GENERAL SECRETARY
