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 Read more…
Actual DA for Bank Employees from February 2017 will decrease by 0.90%. With the release of CPI data for the month of December 2016, we have now calculated DA for Bank Officers and workman Staff. (Read how DA for Bank Employees is calculated) [irp posts=”2147″ name=”DA for Bank Employees from May 2017″] Average Read more…
There is good news for Public Sector Bank Employees. Vinod Rai, Chairman of Bank Board Bureau said that Bank Employees will get more attractive pay packages from next financial year (2017-18). This is to retain talent and attract more professionals in Public Sector Banks. The 11th Bipartite Settlement is also due in November Read more…
All India Bank Officers’ Confederation (AIBOC) has issued a circular, clarifying the progress made in respect of 11th Bipartite Settlement, which is due to be implemented with effect from 01.11.2017 See: 11th bipartite settlement latest news. AIBOC advised that the members should ignore the confusion created through social media that there is no Read more…
According to media reports, State Bank of India and Punjab National Bank are exploring possibilities to move out from 11th Bipartite Settlement. SBI and PNB are exploring to move to performance linked variable pay structure. SBI is looking to give stock option plans to its employees to retain talent. Punjab Read more…
See: Expected DA for Bank Employees from February 2016 Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. CPI for the month September 2016 was announced on 31st October 2016, which is 277. CPI for July 2016 and August 2016 were 278 and Read more…
Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. [See Actual DA for November 2016 to February 2017 to see scale wise Chart of DA and calculations] This article was updated on 30.09.2016 Expected increase in Dearness Allowance for Bank Employees for November 2016 to Read more…
11th Bipartite Settlement (Bank Wage Revision) is due on 1st November 2017. Government had already written to Banks and IBA on 12.01.2016. Despite the initiative taken by Finance Ministry, there is no progress shown by Bank employee Bank employees unions and officers associations on issue of 11th Bipartite Settlement. Public Read more…
See: Expected DA for February 2017 to April 2017 Increase in Dearness Allowance for Bank Employees for November 2016 to January 2017 is 2.30%. [See Actual DA for November 2016 to February 2017 to see scale wise Chart of DA and calculations] This article was updated on 31.08.2017 Expected increase Read more…