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IBA Circular – Clarification on Arrears to Workmen as well as Officer Staff

IBA Circular – Clarification on Arrears to Workmen as well as Officer Staff

Press release Chairman IBA Clarifies

Indain Banks’ Association

IBA Clarifies

Responding to a query raised by media persons Shri T M Bhasin, Chairman, IBA clarified that Adhoc arrears w.e.f. 1st November 2012 will be paid by the Banks to the Workmen as well as Officer Staff members immediately after approval by the Boards of respective Banks. As regards workmen the new scales will be adopted by the Boards of respective banks and shall be implemented soon thereafter. For Officers, the new scales will be implemented after due process of approval of Revised Officer Service Regulations by the Govt. of India and adoption by the respective Board of Directors of various Banks. However, in the meantime officers also will be paid arrears and salary based on new scale on an Adhoc basis with the approval of the Government.

May 26 2015

Source: www.iba.org.in

Also read this...

  1. SALARY REVISION – PAYMENT OF ARREARS – SATURDAYS OFF : CLARIFICATION ISSUED BY AIBOC
  2. Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of February, March & April 2016 under X BPS/ Joint Note dated 25.5.2015
  3. DA for Workmen and Officer Employees in banks for the months of February, March & April 2016 under X BPS/ Joint Note dated 25.5.2015
  4. 10th wage settlement with Employee Unions and Officers’ Associations – IBA Circular
  5. Finance Ministry approved 10th Bipartite Settlement Wage Revision for Officer Employees of Public Sector Banks
  6. IBA’s Circular on Stagnation Increments to Clerical Staff – AIBEA
  7. Financial Components of Wage Revision – AIBOA Circular
  8. Salary hike for Bank Employees, 30 month Pay Arrears – New Wage Revision agreement to be signed on the 25th
  9. Talks with IBA continues – Next meeting on 22.4.2015 – AIBEA Circular

June 1, 2015 Tagged With: 10th Bipartite Settlement, 30 month Pay Arrears, IBA, IBA Circular, IBA Orders, Pay & Arrears Calculator for Bank Officers, Pay and Arrears Calculator Filed Under: 10th bipartite settlement, Bank Employees News, BIPARTITE

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