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11th Wage Revision Banks 6th Round Talk on 3rd October 2017

By:  Ekta , Place:  Mumbai ,  Update:13 Sep 2017

The bank employees’ 11th wage revision next talk i.e. 6th round talk is scheduled on 3rd October 2017 in Mumbai.

The bank employees’ 11th wage revision next talk i.e. 6th round talk is scheduled on 3rd October 2017 in Mumbai.


The IBA since not offered details of salary increase and the date of implementation of new wage is 01.11.2017. Now govt is adamant on increased salary payment from the month of November 2017 to avoid any arrear payment.


Out Come of  5th Round Talk

11th BPS 5th round talks was held between UFBU & IBA on 06.09.2017.


There were no decision were taken during the meeting on any issue. Financial matters (wage related) were not discussed. No offer on Salary Rise was made by IBA.


The discussion was held on six agendas out of nine Demands on Agenda. These are :


1. Leave Benefits : PL accumulation & Encashment, Sick Leave, ML, Child Care Leave, Sabbatical Leave, Paternity Leave, Extra Ordinary Leave were discussed. Only discussions took place. For Child Care Leave Unions to present a note to IBA during next rounds.


2. Women Employees : Improvements demanded by Unions in their Service Conditions was discussed.


3. Temporary Employees : Demand for their absorption in regular Service was taken up. IBA put it aside.


4. LFC : Demand for Improvement in LFC Entitlement was taken up for discussion. Nothing Materialised.


5. PENSION for post April 2010 Employees : Demand for Regular Pension to these Employees was taken up. IBA wants Unions to take up this issue with individual Banks.


6. COMPASSIONATE GROUND APPOINTMENTS : Union demand is proper implementation of Scheme. IBA says Scheme is already there as per Govt Guidelines. Implementation part Unions have to take up with individual Banks.


The following three issues as per Agenda could not be discussed. These are:

1. Increase in Transport Allowance / Reimbursement of Petrol Cost.

2. Provisions of Voluntary Cessation of Service.

3. Compensation on Transfer.

The next meeting of Core Group (Workmen) will be held on 3rd October, 2017 at 11 am.


Outcome of  4th round wage revision  talk on 23.08.2017


The 4th round wage revision talk on 23.08.2017 began with discussion on Ten "Management Issues" as under :


1.  Compensation Package on Cost to Company. Fixed and Variable Pay concept for Offficers / Workmen. I.B.A. desires to introduce declaration of 'Performance based Bonus.' After discussion it was decided to further discuss this issue during detailed Wage Revision process.


2.  Rationalisation of Special Pay Carrying Posts. There are 8 & 3 such posts at Clerical and Sub Staff level. We made it clear to I.B.A. that additional burden of duties should be compensated. It was decided to discuss this issue during next rounds with more details from I.B.A.


3. Review of two graduation increments. Only elementary discussion took place. We opposed this move of I.B.A.


4.  Transfer and deployment of Workmen Employees - para 536 of Sastry Award. We demanded better monetary compensation for transferees as transfers are effected by Managements.  This issue to come for discussion during future rounds.


5.  Simultaneous disciplinary action by Banks and Police. Only discussion took place. No conclusive decision.


6.  Continuing departmental proceedings post retirement for Workmen Employees. Only discussion took place.


7.  Premature Retirement of Workman in Public Interest. We opposed this move.


8.  Outsourcing : We have asked I.B.A. to elaborate Business Needs.


9.  Automatic Movement of pay Scales  for Officers. Only discussion. No decision.


10.  To mark Lien on NPS Fund of employees to recover Bank's Loss. We opposed move. Issue will be discussed further.



Thus Management Issues were discussed only. No decision was arrived. Other Issues Discussed :


1. Improvement in Pay Scales and Stagnation Increments.

2. D. A. Formula

3.  H. R. A.

As load factor and basic pay structure is not decided , the issue remains hanging. Will be discussed in future rounds.


Leave Rules

1. Maternity Leave and in continuation Special Leave to Women employees was discussed. No conclusion.


2. Leave Bank. We requested  IBA to put forth exact scheme. It will happen during next rounds.


L. F. C.


We put forth demand for enhancement in maximum distances. Uniform inclusion of Special Trains like Rajadhani etc in all bank schemes. Also one more option to employees to select periodicity of LFC.


Discussion inconclusive


Road Travel cost reimbursement should be at same rate for Officers and Workmen was our demand. Our other demand was to include Sight Seeing Expenses in overall limit. Cost of Taxes such as GST should be included in Ticket Price which should be enhanced accordingly and reimbursed was our firm demand.


Thus even though so many issues came up and discussed, all were discussed on primary level. Discussions to continue. IBA to come up with concrete plans to give shape to discussion.


All these issues will be discussed during future rounds.

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