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Wage Revision:10th Bipartite Settlement:

Bank Employees 10th Wage Revision Bipartite Settlement: Charter of Demand Submitted by UFBU

By: Rita, Place: Mumbai,  Update:01 Nov 2012

Charter of Demand for Bank Employees 10th wage revision Bipartite Settlement submitted on 30.12.2012 to IBA, Indian Banks Association by all banks employee unions and associations forum UFBU, United Forum of Bank Unions. The Bank Employees Salary Revision is due from November 2012.

Banking Industry in India witnessed poor salary structure since their previous wage revision 9th Bipartite Settlement which was settled at low salary due to pension load to non-pension optee employees. Now bank employees are getting 40 % (forty percent) less salary than central govt employees).

It is memorable that 9th wage Revision was due on November 2007 and finally settlement taken place with struggle of approx two and half years on 27.04.2010 with 17.50 % salary increase and following achievements: The salient features of 9th BPS were:

1.Highest, in terms of the percentage of increase – 17.5%
2. Success in getting the 2nd option on Pension which was pending for a long time.
3. Introduction of 2 additional stagnation increments for Scale I to III;
4.Ensuring of the better starting Pay without sacrificing the internal relativity and incremental pattern;
5.Improvements in the LFC by providing eligibility for JMGS I, Middle Management Grade II and III to travel by air;
6.Settlement of Halting Allowance with substantial improvements;
7.Improvements in Medical allowance to considerable extent;
8.Improvement in the Project Area allowance and Special area allowance etc.

From 10th Bipartite Settlement bank employees are expecting minimum 40 % increase which may be at par to central govt employees. In the decade 1970 to 1990 the bank employees were highest paid employees, now Govt Navratan PSUs employees(Indian Oil, ONGC, SAIL, NTPC etc), are highest paid employees. Bank employees are struggling since 1991 for at par salary to central govt employees. As per industry sources, the poor salary revision was might a reason of political inclination of majority employees organisations with anti-govt political wings.

But now these days all banks are in profit and there is no scope of escaping from better settlements. Someone told that RBI staffs were also affected by these settlements and now they are thinking positive towards better settlement.

The 10th BPS Charter of Demand shall be divided into six major parts:

Part I:      Salary Revision and Allowances

Part II: Perquisites, allowances, welfare facilities viz., leave rules, the   encashment, the LFC/LTC, Medical facilities etc.,

Part III: The issues concerning Lady Officers.

Part IV:    Superannuation – Pension, Provident Fund, Gratuity Etc.,   including all the benefits that are to be extended to retirees in the  Banking Industry

Part V:    Non monetary issues, comparable position in the Government and its extension etc., issues such as the working hours, 5 days week etc.,

Part VI: General Bilateral Relationship

Click to view Detailed Charter of Demand 10th Bank Employees Wage Revision Bipartite Settlement

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