What Is the 13th Bipartite Settlement? A bipartite settlement is a wage revision and service conditions agreement signed between two parties: the Indian Banks’ Association (IBA), representing the management of public sector banks, and the recognised employee unions. Nine unions participate in these negotiations — AIBEA, NCBE, BEFI, and INBEF Read more…
Ask any public sector bank employee what they want most, and the answer is almost always the same: a 5-day work week. Every other major institution — central government offices, IT companies, the RBI itself — already works Monday to Friday. Bank employees are still showing up on 1st, 3rd, Read more…
Every five years, salaries of public sector bank employees are revised through a Bipartite Settlement — a formal wage agreement between the Indian Banks’ Association (IBA) and bank unions. The 12th Bipartite Settlement is among the most searched topics for bank employees today, with questions around the salary hike percentage, Read more…
Bankers in India are asking for 5 days banking for more than a decade now. Where some countries are now shifting to 4 days work week, India’s bank employees even do not see a hope of 5 days work week. Even the new labour code is talking about permitting four Read more…
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…
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…
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…
5 Days Banking is a long pending demand of Bankers. This demand has is being carried forward from one settlement to settlement. Two Saturday’s off was achieved in 2015 at the cost of giving away all Saturdays half days working. The issue is still under discussion between Bank Unions and Read more…
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…
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…