11th 11th BPS is Almost Finalized : AIBEA

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Saturday, 31 October 2020

11th BPS is Almost Finalized : AIBEA

11th BPS Updates -  After meeting between IBA and AIBEA on dated 31st Oct 2020, the understanding on the salary structure is finalized and AIBEA has hinted that the 11th BPS will be completed soon. 

One more round of discussions was held today between IBA and four Workmen Unions viz. AIBEA, NCBE, NOBW and INBEF. IBA was led by Chairman of the Working Group Shri Rakesh Sharma, MD&CEO, IDBI Bank along with Shri Gopal Murali Bhagat, Dy. Chief Executive, IBA. 

AIBEA was represented by General Secretaries of our four Unions. In continuation of the discussions held on 16-10-2020, they reiterated their viewpoints on the issues and demanded finalizing the various components of payslip items within the overall agreed cost of Rs. 3385 crores. 

IBA also agreed to the same and further agreed that the final settlement needs to be arrived at without further delay. 

Today, the revised Pay scales have been worked out as under : 

Clerical: Rs. 17,900-1000/3, 1230/3, 1490/4, 1730/7, 3270/1, 1990/1, 47,920. 

Substaff: Rs. 14500, 500/4, 615/5, 740/4, 870/3, 1000/3, 28145. 

Stagnation increments would be 9 increments after reaching maximum. Uniformity in periodicity has also been agreed upon. As already informed, DA would be at 0.07% per slab of 4 points over 6352 points of Index. 

On HRA, it has agreed that there would be uniform rate of HRA in all centres as against 3 different rates as at present. Other items like PQP, Special Pay, FPP, HRA, Medical aid, etc. is being been worked out. 



Besides Special Allowance of 16.4% for both clerical and substaff, DA will also be paid on Transport Allowance. Looking to these developments and areas of understanding, the itemwise distribution under different components is being finalised. 

Also Read - Calculate your Salary Hike

Revision in powers of Special Pay posts and increase in amount of special pay is under discussion and would be finalised. It has also been agreed to sign the Settlement at the earliest.

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