IBA Agrees on 5 Days Banking, Working Hours May Extend To 6 PM - 11th Bipartite Wage Revision - Latest News


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Monday, 27 August 2018

IBA Agrees on 5 Days Banking, Working Hours May Extend To 6 PM

Finally Indian Bank's Association (IBA) agrees on 5 day working in the Public Sector Banks as per the recent meeting. 

This is also partially confirmed that this may be implemented by Dec.1, 2018.

Bank's Union are aware of this fact but not informing due to unknown reasons.

Read - IBA Offering 22% Salary Hike

A draft plan-out is worked, which is needed the various other permissions majorly security concern as  the office business/customer hours extended till 6 PM. 

Banker's Union are opposing the extension of working hours till 6 PM.

This is further to inform that the scheduled meeting of 28th/29th August, it will be confirmed.

IBA is also agreed on increasing the salary for bankers from existing 6% to 12% where as UFBU is demanding not less than 22%. IBA is agreed on 22% with performance based salary hike.

IBA may agree on 15% salary hike with 5 days banking for Bankers.

Probably 11th Bipartite salary will be settled before Diwali this year.

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