12th Bipartite Settlement News

Know the steps to calculate and get the Income tax benefit on arrears payment using 89 (1) Relief Calculator in Excel – Every time whenever the bipartite arrears of salary or allowances are paid, the Income tax is deducted in the current financial ye…

The Minutes of Meeting Between IBA Vs UFBU for settling the Residual Issues of 11th Bipartite Settlement. The meeting was held on 04th Jan 2021 at Mumbai and chaired by IBA chairman. Also Read -  Check - Whether the Credited Arrears by Your Bank, Corr…

Public Sector Bank of Baroda has announced that the arrears for their employees as per 11th Bipartite Wage settlement will be paid on 11th of Jan 2021.  11th BPS Revised Salary Implementation in Bank of Baroda Public Sector Bank of Baroda  has issue…

Indian Banks' Association (IBA) has given its approval to the management of the Public Sector Banks to make payment to their employees as per the settlement terms of 11th BPS, which was signed on 11th Nov 2020. The permission letter also permitte…

Ministry of Finance, Department of Financial Services had approved the 11th Bipartite Wage Settlement and give the Non Objection on behalf of the Government to Public Sector Banks to make arrears and revised salary payment to existing employees.  The…

Preparation for payment of 11th Bipartite Arrear is almost finished in many of the banks and Indian Overseas bank (IOB) has shared the calculation sheet with employees also. It is believed that the Government permission will be approved by this week …

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 …

11th BPS Arrears payment and revised salary status - IBA has confirmed to AIBEA that the permission for making payment of arrears along with revised salary as per 11th Bipartite Wage Settlement was pending with Government and almost finalized. The pr…

11th BPS Latest  Updates - AIBEA discussion with IBA on pending issues on dated 10th Dec 2020. Checkout the minutes of the meeting held at Mumbai.  1. 5 Days Banking  It will be noted from the minutes that banker's demand for 5 Days banking needs…

11th BPS Arrears Payment - Finally good news for the bank employees, as the government clears the node for payment of arrears of 11th Bipartite Settlement before Dec 10, Bank unions and Indian Bankers' Association (IBA) signed a bipartite wage se…

Dearness allowance for the workmen and officer employees of the public sector banks for the month of Nov, Dec & Jan 2021 has been revised by IBA on union request. The revised rate of DA payable to employees of the bank will be 81.90%. Earlier the …

All India Bank Employees Association (AIBEA) has updated the list of FAQs with clarification on arrears payments along with pension and gratuity benefits for employees retired between 01st Nov 2017 to 31-10-2020. They are also given an option not to c…

11 वीं BPS वेज रिवीजन IBA और विभिन्न यूनियनों के क्लर्कों और उप-कर्मचारियों के बीच अंतिम रूप दिया गया है। यहां उन लाभों और भत्तों की सूची दी गई है जो 11 वें बीपीएस के तहत वेतन वृद्धि के साथ जोड़े गए हैं। क्लर्क और सब स्टाफ के लिए 11 वीं बीपीएस की मुख्…

11th BPS Wage Revision is finalized between IBA and various unions of clerks and Sub-staffs. Here are the list of benefits and perks which are added with the salary hike under 11th BPS. Salient  Features of 11th BPS for Clerks & Sub Staffs 1. SUBS…

11th BPS Wage Revision is finally finalized and signed . Major highlights of the settlement between IBA and Clerks as well as sub staffs salary and wage hike. CONGRATULATIONS - DIWALI DHAMAKA, 11th BPS Wage Revision signed on 11th Nov. 2020. As per AI…

Good News and good Morning to the Bankers Community. Bankers wage settlement related news. Officers union also participated. Talks continued till 11.30 p.m. on 09.11.2020. Reported to be ended on positive Note. Talks to continue today i.e. 10.11.2020 …

IBA has informed and invited the United Forum of Bank Unions (UFBU) on dated 09th November 2020 for signing the 11th Bipartite Settlement. The joint note for salary negotiation has to be signed by UFBU and IBA . The cost sheet was already finalized f…

11th Bipartite settlement Wage Revision updates - one of the viewer of the blog has updates the various components of the 11th BPS Salary structure as discussed with the meeting with IBA and going to be finalized.  Cost: Payslip component (2017): 52…

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 betwee…

IBA has finally agreed that they are not having any authority on the functioning on the banks including agreement, complaints, legal matters and others. They have released a circular in this regard for all the banks & financial institution dated 3…