11th Minutes of Meeting 18th October Between IBA and UFBU - 11th Bipartite Wage Settlement - Current Status & News

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Friday, 18 October 2019

Minutes of Meeting 18th October Between IBA and UFBU

Minutes of meeting between IBA and UFBU on 18th Oct 2019 - UFBU message. 

In today's talks with IBA, the Bankers' Union had raised the following issues for taking decision :


1. Early settlement, 

2. Increase in their existing offer

3. Merger of special allowance into basic pay, 

4. 5 day a week working 

5. Improvement in family pension

6. Updation of pension

7. NPS at 14%

8. PLI - Performance Linked Incentive, modalities

9. Reduction in premium on medical insurance for retirees

Sec UFBU has informed that it was decided to clinch these issues at the earliest. Detailed circular follows.

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