11th BPS Latest Updates - The11th Bipartite Wage Settlement is already signed between the IBA and Bankers' Union about a month ago still the arrears or revised salary are not yet paid by banks to their employees.
Additionally, the employees are also at the loosing side as only 24 days are left in this year to complete and they are unable to get the benefits of additional PL encashment.
As per 11th Bipartite Wage Settlement, the encashment of 5 days PL was introduced on any of the festival by the employees. This year the only major festival; left out is Christmas and still there is no news for implementation of guidelines as per 11th BPS.
The Punjab National Bank Officers Association has written a request letter to AIBOC for taking up the matter with IBA for early implementation.
