12th Bipartite Settlement : Interesting Data – Everything you need to know

Wage Revision of banks employees is done through bipartite settlement between UFBU and IBA.  12^th bipartite settlement is due from 1^st November 2012. UFBU is yet to submit charter of demand for the settlement.

As such, there is no significant development and there seems no chances of bankers would get their salaries increased on time.

The past trend of bank wage revisions clearly shows that salary revision of bank employees in India are always delayed. The salary revision/ settlements never happen on schedule time.

Read: 5 Days Banking – need of the hour -12th Bipartite Settlement

We have complied the data about how much the previous bank wage revisions were delayed. Keeping in mind the past trend, can you guess the actual 12th bipartite settlement date?

	Due Date	Actual Date	Delay
1st Bipartite settlement	1.01.1966	19.10.1966	9 months
2nd Bipartite settlement	1.01.1970	12.10.1970	9 months
3rd Bipartite settlement	1.09.1978	1.08.1979	11 months
4th Bipartite settlement	1.09.1982	17.09.1984	24 months
5th Bipartite settlement	1.07.1987	10.04.1989	21 months
6th Bipartite settlement	1.11.1992	14.02.1995	28 months
7th Bipartite settlement	1.11.1997	27.03.2000	29 months
8th Bipartite settlement	1.11.2002	02.06.2005	32 months
9th Bipartite settlement	1.11.2007	27.04.2010	30 months
10th Bipartite settlement	1.11.2012	25.05.2015	30 months
11th Bipartite settlement	1.11.2017	11.11.2020	36 months
12th Bipartite settlement	1.11.2022	??	??

The trend shows that last 5 bipartite settlement wage revisions were were delayed by around 32 months.

You may like:

During the 10^th Bipartite Settlement, there were 20 rounds of negotiations with IBA before final settlement. For 11th BPS also, large number meetings and rounds of negotiations were held before settlement after 36 months from the due date.

For next wage revision (12^th bipartite settlement), which is due on 01.11.2022, negotiations are yet to start, if it follows the past trend, you can understand, what time it is going to take and when it is going to be implemented.

Before the due date of last 11^th bipartite settlement DFS had written two letters to IBA and bank unions to start the negotiation process and implement the same within time. Despite that, it took more than 3 years after due date to settle the process in November 2022.

What are your expectations? Give your views in commend box below.