Bank Employees Strike on 12th November 2014

Bank Employees Strike on 12th November 2014

UFBU have announced a all India token strike on November 12 to reiterate their demands for a wage revision. The decision was made at the meeting that was held in Bengaluru yesterday.

It has been more than two years since the wage revision agreement had expired. Following this, a number of meetings were held between the associations and the bank management over the new salary and increment contracts. The IBA didn’t accept the demand for a 25% salary hike. Instead, the management offered 11% hike. The negotiations failed.

Meanwhile, in order to stress thier demand for salary hike, Bankers are going to hold Protest Day – Badge Wearing – Demonstrations/Rallies at all Centres on the 17th and 30th of this month. On the 12th of November, all bank staff are going to hold a nationwide strike. If we still do not reach an agreement on salary hike, they are going to hold day-long relay strikes at each of the four regional zones – north, south, east and west, from December 2 to 5. If the IBA continues to ignore thier demands, then they will be forced to launch an indefinite strike. Announcements in this regard will be made in December.

UFBU  said, everyone is aware that employees and officers in the banking sector are doing their best to serve the customers and implement various schemes of the Government despite innumerable hardships and difficulties. Yet, the genuine demand for adequate wage revision is being delayed and denied.

Decisions taken in the meeting…
March on to struggles and strike actions
All India Strike on 12th November, 2014
4 Days Zonal Strikes from 2nd to 5th December, 2014
Get ready for indefinite strike programme

Source: 7th Pay Commission News

UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially and also settle other issues…

On 27 Sep. to find amicable solution UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially

On 27th September 2014, in order to find amicable solution UFBU indicated flexibility on its demand of 25% provided IBA revise its offer substantially and also settle other issues. IBA told they would hold meeting in the next week and respond.

On Government approval for revision of Staff Housing Loan Scheme, IBA instructed the banks to revise the same by their Boards

Department of Financial Services, Ministry of Finance, Government of India vide their letter no. F.No.4/5/2/2003-IR dated August 11, 2014 advised Public Sector Banks to revise the Staff Housing Loan Scheme. Accordingly, IBA vide their letter no. CIR/HR&IR/2014-15/624-A/482 dated August 12, 2014 has issued instructions to all Public Sector Banks to formulate the Staff Housing Loan Policy with the approval of their respective Boards keeping the Housing Loan Scheme to Staff outside the purview of Industry level Bipartite Settlement.

For letter issued by IBA to the Banks Click http://aipnbsf.org/files/Letter%20from%20IBA%20to%20Banks%20dated%2012.08.2014.pdf

Deptt of Financial Services, MOF, GOI advised PSBs to frame policy to minimize the hardship of female employees during transfers
Department of Financial Services, Ministry of Finance, Government of India vide their letter no. F.No.4/9/1/2014-IR dated August 8, 2014 advised Public Sector Banks including IDBI and SBI associates to frame policy on the subject with the approval of their Board to minimize the hardship of female employees during transfers, keeping in view the following:-

i) -To accommodate as far as possible placement/transfer of married female employee, on her request, at a place where her husband is stationed or as near as possible to that place or vice versa; and

ii) -To accommodate as far as possible placement/transfer of unmarried female employee, on her request, at a place where her parents, are stationed or as near as possible to that place.

For more details Click http://aipnbsf.org/files/Transfer%20of%20Female%20Employees.pdf

Compassionate Appointment Scheme in PSBs on the lines of Central Govt cleared by the Govt. Ex-Gratia Scheme will be discontinued

Government of India vide their D.O.F. No. 18/2/2013-IR dated 7 August 2014 cleared Compassionate Appointment Scheme in Public Sector Banks on the lines of Central Government. Ex-Gratia Scheme in lieu of Compassionate Appointment will be discontinued. Scheme is effective from 05.08.2014. Necessary instructions in this regard have also been issued by IBA vide their Circular No.CIR/HR&IR/2014-15/532/476 dated 11.8.2014

To know about the Scheme Click http://aipnbsf.org/files/Compassionate%20Appointment%20Scheme.pdf

DA payable to employees for the Quarter Aug. to Oct. 2014 shall be 683 slabs i.e. an increase of 33 slabs over the current level

In terms of clause 7 of the 9th Bipartite Settlement dated 27.04.2010 and clause 3 of the Joint Note dated 27.04.2010, the rate of Dearness Allowance payable to workmen and officer employees for the quarter August 2014 to October 2014 shall be 102.45% of ‘Pay’ against 97.50% of ‘Pay’ applicable for the previous quarter.

On 13th June IBA improved their offer from 10% to 11% which UFBU rejected & told 25% on pay slip components is their expectation

During negotiations on 13th June 2014, IBA improved their offer from earlier 10% to 11% which UFBU rejected. Since UFBU refused to accept the IBA’s offer of 11% increase, IBA wanted to know the expectation of the UFBU for which it was informed that our minimum expectation is 25% increase in the Pay Slip components cost. IBA expressed their total inability to accept the same as it is beyond the paying capacity of the Banks.

For more details Click http://aipnbsf.org/files/Microsoft%20Word%20-%20Circular%2013_2014_.pdf

Government issued guidelines for Pay Fixation of Ex-servicemen Re-employed in Public Sector Banks on or after 01.01.2006

Government issued guidelines for Pay Fixation of Ex-servicemen Re-employed in Public Sector Banks on or after 01.01.2006.

For detailed guidelines Click http://aipnbsf.org/files/Annexure.pdf

Employees who were Dismissed / Removed but subsequently reinstated are entitled for one more option of pension

The IBA vide its letter HR & Industrial Relations No.CIR/HR&IR/G2/2013-14/8618 dated 06.01.2014 communicated that the Ministry of Finance, Government of India vide its letter F.No.4/8/22/2001-IR dated 19.02.2002 advised banks to take an appropriate decision with the approval of Bank’s Board only in those cases where the officer/employee could not exercise option because he/she stood either dismissed or compulsorily retired as on 29.09.1995 but later on got reinstated either due to decision of the court or appellate authority. In case the incumbent has got full wages for the period of absence due to dismissal etc., such period will be counted as qualifying service for pension. In case the incumbent has not got the benefit of full wages, the period of absence will not be considered as qualifying service for pension. AII other requests received by the Bank for different reasons should not be accepted under any circumstances.

Ex-Gratia amt. to Pre 1986 Retirees/ surviving spouses revised to Rs.350+Dearness Relief and Rs.175+Dearness Relief respectively

The IBA vide its letter HR & Industrial Relations No. CIR/HR&IR/G3/2013-14/8615 dated 06.01.2014 communicated that the Ministry of Finance, Government of India has enhanced the Ex-gratia amount being paid to (1) Surviving Pre 01.01.1986 retirees and (2) Surviving spouses of pre 01.01.1986 retirees based on the recommendations of IBA as below:

Surviving Pre 1.1.1986 retirees Surviving spouses of Pre 1.1.1986 retirees
Existing Rs.300/- plus applicable Dearness Relief thereon Rs.1000/- fixed without applicable Dearness Relief thereon
Revised Rs.350/- plus applicable Dearness Relief thereon Rs.175/- plus applicable Dearness Relief thereon

Family of Armed Force Re-employed in Bank/PSU/Civil Dept after retirement from Military is entitled to draw Dual Family Pension

Family of Armed Forces who got Re-employed in Banks/PSUs/Civil Deptt./Autonomous Bodies/Local Funds of Central/State Govt. after getting retired from Military Service and were in receipt of Military Pension till death, shall also be allowed to draw Dual Family Pension (from Military as well as from the deptt. where re-employed). The Benefits shall be granted from 24.09.2012 only. However, this provision will also be allowed in past cases.

(Government of India MOD No. 01(05)/20100-D (pen/pol) dated 17.01.2013)

Source: http://aipnbsf.org/view-news

Bank Xth Bipartite : Talks on 10th B.P.S between IBA and UFBU on 17.09.2014

Bank Xth Bipartite : Talks on 10th B.P.S between IBA and UFBU on 17.09.2014

IBA called for negotiating committee meeting on 17th September 2014 at 2.00 pm at Mumbai, UFBU will meet at 11.00 am

IBA called for negotiating committee meeting on 10th Wge Revision on 17th September 2014 at 2.00 pm at Mumbai, UFBU will meet at 11.00 am

*Talks on 10th B.P.S between IBA and UFBU on 17.09.2014

*Consumer Price Index number for July is 252. i.e 8 point over average of last quarter. It indicates an increase of 45 slabs in D.A from Nov 2014. Points for Aug. and Sep. may increase or decrease this slabs.

*Bank employees to work from 8 A.M. to 8 P.M on Saturdays for Jan Dhan Scheme!

*Is ESOP on cards for Bank Employees?

*IBPS CWE-III-Clerk-Batch-II, 2014-15 –INDIAN BANK:
date of induction training for Clerical Candidates – Batch II, is scheduled from 07.10.2014 to 18.10.2014.

* Revised LFC encashment amount from 25.06.2014!

*Compassionate appointment for Bank Employees restored from 05.08.2014!

* Indipendent programmes on wage revision and other bank employees issuesAnnounced by AIBEA and BEFI!

*D.A. rate for Aug ,Sep ,Oct 2014: 102.45%

Source: http://banknewskumar.blogspot.in/

STRIKE BY BANK EMPLOYEES ON 18Th DECEMBER 2013

Indian Banks’ Association

www.iba.org.in

NOTICE

STRIKE BY BANK EMPLOYEES ON 18Th DECEMBER 2013

Indian Banks’ Association (IBA), on behalf of its member banks, wishes to inform the public in general and banks’ customers in particular that constituents of United Forum of Bank Unions (UFBU) consisting of five Workmen unions (AIBEA, NCBE, INBEF, NOBW, BEFI) and four Officers’ Associations (AIBOC, INBOC, AIBOA, NOBO) have given call to their members for All India strike on 18th December 2013 raising certain issues and demands. At IBA level, efforts are being made to avert the proposed strike. In case, the strike materializes, the working of the banks where the constituent Unions / Associations of UFBU have majority membership may get affected on 18th December 2013. As a precaution, all concerned are requested to transact their banking business in advance / use alternate channels of banking facilities to avoid inconvenience to the extent possible.

IBA, on behalf of its member banks, regrets the inconvenience that may be caused to customers/members of the public, in the event the strike materialises.

IBA declared Dearness Relief to Bank Pensioners

IBA declared Dearness Relief to Bank Pensioners

Indian Banks’ Association has circulated  to all member banks pertaining to the declaration of Dearness Relief to pensioners. For the period of August 2012 to January 2013, according to All India Average Consumer Price Index Numbers for IW(Base 1960=100) for the quarter ended June, 2012, the revised rate of Dearness Relief has been declared.

The Dearness Relief is payable to pensioners, in terms of Regulations 37 of Bank Employees’ Pension Regulations, 1995, the pension details are given in the annexures which are all divided into five parts in accordance with the retirement year. Part-I table describes, who retired on or after 1.1.1986, but before 1.11.1992/1.7.1993. Part-II for who retired on or after 1.11.1992/1.7.1993, Part-III for who retired on or after 1.4.1998, Part-IV for who retired on or after 1.11.2002 and Part-V for who retired on or after 1st Nov 2007.

Dearness Relief is payable to pensioners, who retired on or after 1.11.2007 for the period from August 2012 to January 2012 will be calculated as 70.20% of basic pension.