12th Bipartite Settlement News

Post 11th Bipartite Settlement , the inner dispute between the Public Sector Bank Unions are now surfaced. In the first blow, the Canara Bank Officers Union (CBOA) has decided to keep themselves out from the affiliation of AIBOC. Also Read -  Governm…

Lot of discussion is going on about Government stake sale in Public Sector Banks in India. It is almost certain that government is going to privatize few banks and reducing its stake to 51% in few of largest banks in India.  Announcement may be made i…

SUMMARY OF THE VIDEO CONFERENCE MEETING HELD ON 06th JANUARY 2021 BETWEEN THE CHAIRMAN, SBI AND REPRESENTATIVES OF THE FSBIPA  ______________  PRESENT From SBI:  1. Sri Dinesh Kumar Khara - Chairman 2. Sri Rana Ashutosh Kumar Singh - DMD & CDO Fro…

Public Sector Punjab National Bank has reduced the annual entertainment benefits of their employees by 20% at all levels. In the recent notification the bank has provided the updated limit. The annual entertainment is the perk provided by the bank to …

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…

Recently one of the Public Sector Bank has credited the 11th BPS Salary Arrears to their employees, which was later found incorrect. Many of the employees received the arrears less than Rs 500/- and few in paisa. Further, the salary arrears credited…

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…

11th Bipartite Wage Settlement was done in the month of November still many banks have not paid the arrears and revised salary to their employees but the demand of LEVY has come for the payment .  Public Sector Canara Bank along with other banks have …

Managing finance is the most complicated work for anyone whether it is managing the home budget or the country budget or anything else. Now think about them who are managing the finance of Poor to super rich under stressful condition.  What is it like…

11thBPS Salary Payment to the officers of the State Bank of India, Canara Bank, Punjab National Bank, Bank of India, Bank of Baroda, Indian Overseas Bank, Bank of Maharashtra, Union Bank of India, Indian Bank, UCO Bank, Punjab & Sindh Bank, Centra…

Get the master guidelines on payment of revised salary and benefits  as per the 11th Bipartite wage settlement.  Salary settlement is being implemented by all the Public Sector Banks as per the Joint Note - The banks which are implementing the revised…