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12th Bipartite Settlement

12th Bipartite Settlement
Articles

Supplementary Charter of Demand submitted to IBA

As per AIBOC Circular dated 13.09.2023, the officers’ associations today, submitted a Supplementary Charter of Demand to the IBA incorporating many more points based on the current scenario in the industry. The Supplementary Charter of Demand is as under: • For sickness of “Special Child”, sick leave should be sanctioned Read more…

By Jai, 2 yearsSeptember 13, 2023 ago
12th Bipartite Settlement
News

12th Bipartite Settlement: Meeting Outcome

Wage revision for bankers is due since November 2022, which is to be finalized through 12th Bipartite Settlement between employees unions and IBA. To discuss the issues regarding the ongoing salary revision, a meeting between IBA and UFBU was held on 31.08.2023. UFBU message regarding the outcome of meeting held Read more…

By Jai, 2 yearsAugust 31, 2023 ago
12th Bipartite Settlement
News

Charter of demands for 12th Bipartite Settlement – Final

12 Bipartite Settlement for revision of bank employees’ salary and service conditions is due from 1st November 2022. Finally, the Charter of Demands has been submitted by Bank Unions to IBA. Read: How to pass JAIIB in first attempt So What’s the status of Charter of demand? Four Officers’ Associations, Read more…

By Jai, 3 yearsOctober 21, 2022 ago
12th Bipartite Settlement
Articles

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

Wage Revision of banks employees is done through bipartite settlement between UFBU and IBA.  12th bipartite settlement is due from 1st 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 Read more…

By Jai, 3 years ago
12th Bipartite Settlement
Articles

Know 12th Bipartite Settlement progress : Latest News

What is 12th Bipartite Settlement? Salary and other allowances/ emoluments of bank employees are revised every 5 year through bipartite settlement (BPS) between bank unions (UFBU – United Forum of Bank Unions) and IBA (Indian Bank Association). Next Salary revision for bankers will be through 12th Bipartite Settlement. When is Read more…

By Jai, 3 yearsSeptember 17, 2022 ago
5 Days Banking
Articles

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

The new labour code is talking about permitting four days working in a week in the country. And the Banking Industry is still dreaming about getting a 5 days banking in week. Bankers are demanding for 5 days working in a week for more than a decade but still remains Read more…

By Jai, 3 yearsAugust 28, 2022 ago
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