DA for Bank Employees from August 2017
Jul31

DA for Bank Employees from August 2017

Dearness Allowance has increased by 2.20% for Bank Employees for the period August 2017 to October 2017. In other words, there is increase of 22 slabs in DA for bankers. (Read how DA for Bank Employees is calculated). READ  Summary of Charter of demand for 11th Bipartite Settlement READ  Merger News - Canara Bank to merge Vijaya Bank & Dena Bank DA for bankers is based on Consumer Price Index (CPI) for the month of April,May...

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Summary of Charter of demand for 11th Bipartite Settlement
May15

Summary of Charter of demand for 11th Bipartite Settlement

Charter of demand for 11th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. This 11th BPS Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees. The charter of demand for wage revision is 104 pages long. So we are providing you the summary of this charter of demand for bankers due from 1st November 2017....

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11th bipartite settlement – Charter of Demand
May15

11th bipartite settlement – Charter of Demand

11th Bipartite Settlement is due from 1st November 2017. Charter of demand for 11th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. This Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11th bipartite settlement for Bank Employees. The charter of demand for wage revision is 104 pages long. See...

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DA for Bank Employees from May 2017
Apr29

DA for Bank Employees from May 2017

Actual DA for Bank Employees from May 2017 will decrease by 1.40%. With the release of CPI data for the month of March 2017, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) See: Actual DA for May 2017 to July 2017 Have you filed your Income Tax Return for FY 2016-17? Average CPI for 3 months works out to 6261.91. By deducting 4440 slabs (which were merged in basic pay in...

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Effect of Bank Strike on 28th February 2017
Feb28

Effect of Bank Strike on 28th February 2017

Public Sector Bank Employees were on strike today, which was called by United Forum of Bank Unions (UFBU). C H Venkatachalam, General Secretary, All India Bank Employees’ Association said that around 85,000 branches of commercial banks, 105,000 branches of co-operative bank and others are on strike. What was the effect of banlers’ strike (besides your one day salary deduction  🙁 )? Was the strike called by Bank Employees...

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Gratuity Increase for Bankers – 6 Developments so far
Feb11

Gratuity Increase for Bankers – 6 Developments so far

The law related to gratuity is governed by Payment of Gratuity Act.  And to increase the Gratuity Limit, Payment of Gratuity Act will be amended by Parliament. The Gratuity Act amendment is yet to take place. There is no Payment of Gratuity Act 2016 or Payment of Gratuity Act amendment in 2016 because the Act has not been yet placed in Parliament. Latest amendment to Gratuity Act was in 2010. Update [23rd February 2017] The central...

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