Dearness Allowance for Bank Employees – Likely to increase 29 Slabs or more

Dearness Allowance for Bank Employees - Likely to increase 29 Slabs or more Likely Bank D.A. from August 2014 Labour Bureau,Ministry of Labour and Employment, Govt.of India, has released All India Consumer Price Index Numbers for Industrial Workers ,Base 2001=100 for the month of May’14, today which stood at 244 points with an increase of 2 points while compared to April … [Read more...]

Central Pay Commission recommendations are not applicable to the employees of Public Sector Banks

Central Pay Commission recommendations are not applicable to the employees of Public Sector Banks Whether the Central Pay Commission benefits are not applicable for employees of banks...? The question has been raised by the Hon'ble member in Parliament, the concerned ministry replied that the 'Central Pay Commission recommendations are not applicable to the employees of … [Read more...]

Recommendations of Central Pay Commission are not applicable to Public Sector Bank Employees…

Recommendations of Central Pay Commission are not applicable to Public Sector Bank Employees... Recommendations of Central Pay Commission are not applicable to Public Sector Bank Employees. The pay scales of employees in PSBs are revised every 5 years on the basis of the BIPARTITE SETTLEMENT SIGNED WITH WORKMEN UNIONS AND JOINT NOTE SIGNED WITH OFFICERS ASSOCIATIONS BY Indian … [Read more...]

Call to increase retirement age of bank employees to 65

Call to increase retirement age of bank employees to 65 The retirement age for bank employees should be increased to 65 for better utilisation of the services of seniors, said INTUC national president G. Sanjeeva Reddy. Many officers were joining private financial institutions after their superannuation and extending quality services. The Public Sector Units were unable to … [Read more...]

Dearness Allowance for Bank Employees from August 2012

Dearness Allowance for Bank Employees from August 2012 According to the release of All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended July 2012, Dearness allowance for workmen and officers in banks for the month of August, September and October 2012 under IX BPS/Joint Note dt.27.4.10 will be 70.20%, i.e. increased by 6% … [Read more...]

DA to bank employees for the month of May, June and July 2012

DA for bank employees for the month of May, June and July 2012 Dearness allowance for workmen and officer employees in banks for the months of May, June and July, 2012 under IX BPS/Joint Note dt.27.4.10. The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended March 2012 are as follows... January 2012 - 4519.53 … [Read more...]