AIBEA Bank Wage Revision 2010

Bank Wage revision for them is due from November 2007. Incidentally, both negotiating parties (IBA and Bank Union of Employee) have agreed on a 17.5% wage hike.

The talks regarding the bank employee wage revision was held between IBA and Union of Bank Employee. The Bank Unions of Employee which participated in the talks with IBA are AIBEA, NCBE, INBEF, BEFI and NOBW. The latest round of talks for wage revision was held between IBA and Bank workmen’s union.

Several points were discussed between IBA & Bank Unions of Employee.

Some of the important points which were discussed on the 25 February 2010 with relation to Bank Wage revision are as given below.

Final understandings!

1. Scales of Pay:

Clerical Staff: 6200 – 400 x 3 – 7400 – 500 x3 – 8900 – 600 x 4 – 11300 – 700 x 7 – 16200 – 1300 x 1 – 17500 – 800 x 1 – 18300.

Sub staff: 5500 – 200 x 4 – 6300 – 250 x 5 – 7550 – 300 x 4 – 8750 – 350 x 3 – 9800 – 400 x 3 – 11000.

2. Stagnation Increment:

Clerical: 7 stagnation increments (800 x 6 once in 3 years & 800 (7^th) after 2 years)

Sub staff: 7 stagnation increments (400 x 7 once in 2 years)

Extended Pay Scales: (With Stagnation increment)

Clerical: 6200 – 18300 – 23900.

Sub staff: 5500 – 11000 – 13800.

3. DA: 0.15% per slab over 2836 points.

4. HRA:

(a) Places over 45 lacs   : 10%

(b) 12 to 45 lacs             : 9%

(c) 5 to 12 lacs               : 7.5%

(d) Below 5 lacs             : 7%

5. Transport Allowance: (For Clerks and Sub staff)

Upton 15^th Stage: Rs. 225 per month

16^th Stage and above:  Rs. 275 per month

6. Special Pay:

For November, 2007 to April, 2010: Existing Special Pay will be revised and arrears paid for both clerks and subordinate staff.

From May, 2010 – For Clerks

• Present No Special Pay holders         : Rs. 1000/-
• Present Special Pay holders             : Rs. 1500/-
• Head Cashier II                             : Rs. 1780/-
• Special Assistant                            : Rs. 2180/-

(Note: Out of this, Rs. 1000/- will be added to Basic Pay and balance will continue as Special Pay.)

From May, 2010 – For subordinate staff

• Present No Special Pay holders         : Rs. 350/-
• Present Special Pay holders – Revised Special Pay

(Note: Out of this, Rs. 350/- will be added to Basic Pay and balance will continue as Special Pay.)

7. Fixed Personal Pay & PQP

Will be revised based on new basic pay.

8. Hill and Fuel Allowance:

(a) Places – 3000 meters and above      : 8% maximum Rs. 1295/-

(b) 1500 – 3000 meters                       : 4% maximum Rs. 510/-

(c) Over 1000 meters + Mercara           : 3% maximum Rs. 410

9. Medical Aid: Rs. 2000/- per year

10. Hospitalization Scheme: Being improved with revised schedule, etc.

11. Part Time Employees: (Lump sum)

(November, 2007 to April, 2010)

Upton 3 hours per week         : Rs. 1030/-

3 to 6 hours per week          : Rs. 1440/-

From May, 2010 : All will be brought to 1/3^rd Scale wages.

12. Halting Allowance: Being increased

13. Washing Allowance: Rs. 100/- per month

14. Cycle Allowance: Rs. 75/- per month

15. Split Duty Allowance: Rs. 125/- per month

16. Project Area Compensatory Allowance:

Group A Centers /Group B Centers

Clerks : Rs. 205/- per month/Rs. 180/- per month

Sub staff : Rs. 180/- per month/Rs. 150/- per month

17. Special Area Allowance: Being revised.

18. Reimbursement in Road Travel:

Actual road mileage cost or Rs. 3 per Km whichever is less.

19. Pension:

Another option will be given to all existing employees and those who have retired / died after pension regulation 1995 / 1996.

With effect from 1-11-2007, Pension will be payable based on the revised Pay for all the existing pension optees.

20. Gratuity:

Will be payable on revised Basic Pay from 1.11.2007

21. Provident Fund: 10% of pay from 1.11.2007

22. Definition of dependence under family: Upto monthly income of Rs. 3500/- Dependent Physically Handicapped brothers and sisters will be treated as part of employee’s family.

23. Compensation for losses due to breakage or damage to goods on transfer:

With Receipt/ Without Receipt

Clerks: Rs. 1120/-   / Rs. 745/-

Sub staff: Rs. 745/- /  Rs. 560/-

24. Special Leave for Women:

Within the maternity leave entitlement, women employees can avail 45 days special leave for undergoing hysterectomy operation.

25. Improvement in LFC:
Entitlement:

for Clerks – AC 2 Tier
for subordinate staff – AC 3 Tier
Distance:
For subordinate staff
Once in 2 years – 2500 km
Once in 4 years – 5000 km
For clerks
Once in 2 years – 2000 km
Once in 4 years – 4000 km

26. Effective Date: 1^st November, 2007.

for more updates you can visit AIBEA official Website