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IBA Orders on DA : Increase in DA Slabs of 34 – 64.50 % May to July 2019

May 6, 2019 by Admin

IBA Orders on DA : Increase in DA Slabs of 34 – 64.50 % May to July 2019

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2019 under X BPS/ Joint Note dated 25.5.2015

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2019-20/7217

May 2, 2019

All Members of the Association
(Designated Officers)

Dear Sir/Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of May, June & July 2019 under X BPS/Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=140} for the quarter ended March 2019 are as follows:-

January 2019 – 7007.55
February 2019 – 7007.55
March 2019 – 7053.20

The average CPI of the above is 7023 and accordingly the number of DA slabs are 645 (7023-4440= 2583/4= 645 Slabs) The last quarterly Payment of DA was at 611 Slabs. Hence there is an increase in DA slabs of 34, i.e 645 Slabs for payment of DA for the quarter May. June & July, 2019

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of May, June & July, 2019 shall be 64.50 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,
sd/-
S K Kakkar
Senior Advisor (HR&IR)

Filed Under: Bank Employees News Tagged With: Bank DA Calculation

Reserve Bank of India clarification on 5 day week in commercial banks

April 23, 2019 by Admin

Reserve Bank of India clarification on 5 day week in commercial banks

RBI clarification on 5 day week in commercial banks

It has been reported in certain sections of the media that commercial banks
would have a 5 day week in terms of RBI instructions. It is clarified that this
information is not factually correct. RBI has not issued any such directions.

Filed Under: Bank Employees News Tagged With: Reserve Bank of India

Next Bank Bipartite Meeting on 30.11.2018

November 29, 2018 by Admin

Next Bank 11th Bipartite Meeting will be held on 30.11.2018

IBA decided to hold negotiations on 11th Wage Revision with UFBU on Friday 30th November 18 at 10.30 am in its office at Mumbai

IBA decided to hold negotiations on 11th Wage Revision with the representatives of constituent workmen unions/officers’associations of UFBU on 30th November 2018 at 10.30 a.m. in the Committee Room of IBA, World Trade Centre, Cuffe Parade, Mumbai.

Meeting of UFBU will be held after wage revision talks on 30 Nov at Mumbai to discuss about merger of 3 PSBs & other Imp issues

A Meeting of constituents of UFBU will be held on 30.11.2018 at IBA Office, Mumbai to discuss about merger of 3 Public Sector Banks and other important issues.

Source: http://aipnbsf.org

Filed Under: Bank Employees News Tagged With: Bipartite Meeting, IBA Office, UFBU

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