Latest developments on Bank Employees Wage Revision :AIBEA Report

Latest developments on Bank Employees Wage Revision :AIBEA Report

ALL INDIA BANK EMPLOYEES’ ASSOCIATION
Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522, 6543 1566 Fax: 4500 2191, 2535 8853

FOR THE INFORMATION OF OUR UNITS AND MEMBERS:

Today, (19.05.2015) the distribution chart has been signed between IBA and our Unions covering the allocation to various heads. Pay scales and Allowances are as under:

A. Pay Scales: from 1-11-2012

Clerk: 11765 – 655/3 –815/3 –980/3 –1145/7 –2120 –1310/1– 31540 – 1310 x 8 = 42,020

Substaff : 9560 – 325/4 – 410 /5 – 490/4 – 570/3 – 655/3 – 18545 – 655 x 8 = 23785

Stagnation increments: 8 : Substaff: 8 x 2 years ; Clerk : 5 x 3 years + 3 x 2 years

B. Dearness Allowance: 0.10 % per slab of 4 points over 4440 points

C. HRA : 45 lacs and above: 10 % ; 12-45 lacs & Goa : 9 % ; other centres : 7.5 %

D. Transport Allowance: upto 15th Stage : Rs. 425 and others : Rs. 470

E. Special Pay:

i) SWO-B: 820; Head cashier: 1280; Spl. Asst. 1930

ii) Armed Guard/Bill Collector: 390; Daftary: 560; Head Peon: 740; Driver: 2370; Electrician/AC Plant Helper: 2040, Head messenger in IOB: 1630

F. PQP : Rs. 410, 800, 1210 , 1620, 2010

G. FPP : Clerk: Rs. 1310 / 1580, 1570, 1550, 1550 / 1450

Substaff: Rs. 655 / 790, 890, 780, 780 / 730

H. Medical Aid : Rs. 2200 per year

I. Special Allowance ( new allowance ) :

7.75 % of Basic pay; DA is payable on this allowance

The full Settlement is under preparation and is expected to be signed on the 25th May, 2015 (Monday).

Flash: Yesterday, RBI has given its in principle ok for implementing Full holidays on 2nd and 4th Saturday. Matter is being expedited with the Government now

Source : AIBEA

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2 thoughts on “Latest developments on Bank Employees Wage Revision :AIBEA Report”

  1. Jagbir Masuta

    Whenever , the bank employees salary is revised in every settlement, the bank pensioners are totally ignored and nothing has been done so far in this respect. Bank pensions are also to be revised in every settlement. We, the bank pensioners, shall be grateful
    If something is done in this regard. Whenever, the centre
    Government employees pay is revised, pensioners are also included in every settlement.

  2. Jagbir Masuta

    Nothing has been mentioned about retired bank pensioners. No increase in basic pension. No merger of D.A. In basic pension. May kindly be looked into the matter. Shall be grateful for this.

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