30 months is the the Average delay in bank wage revision

Last updated by Jai on July 20, 2019

There were 20 rounds of negotiations during the last BPS and it was delayed by 30 months. For next wage revision (11th bipartite settlement), which is already due from 1st November, 2017, charter of demand has been submitted by UFBU but negotiations are going on.

As on date 11th BPS has already been delayed by 20 months. But do you know, how much time it took in past to get the salary revision by the bankers?

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Since 1966, there have been 10 bipartite settlements so far and to your surprise, it never happened on time. The least time taken for bankers’ salary revision after its due date was 9 months, which was in 1st and 2nd BPS.

This delayed timing has been kept on increasing and the 8th BPS was delayed by as high as 32 months i.e., almost by 4 years.

Average time taken for the ten bipartite settlements happened so far is 23 months, least being 9 months and highest 32 months.

For the last 5 bipartite settlements this delay has been 30 months.

Delays in bipartite settlements so far:

Due DateActual Date Delay
1st Bipartite settlement1.01.196619.10.19669 months
2nd Bipartite settlement1.01.197012.10.19709 months
3rd Bipartite settlement1.09.19781.08.197911 months
4th Bipartite settlement1.09.198217.09.198424 months
5th Bipartite settlement1.07.198710.04.198921 months
6th Bipartite settlement1.11.199214.02.199528 months
7th Bipartite settlement1.11.199727.03.200029 months
8th Bipartite settlement1.11.200202.06.200532 months
9th Bipartite settlement1.11.200727.04.201030 months
10th Bipartite settlement1.11.201225.05.201530 months

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Bankers were expecting that the NDA government is positive about their wage revision, as two letters were written by DFS to IBA before 1st November 2017 to start the negotiation process and implement the same within time. But it’s the business as usual and this settlement is also going on the lines of the previous.