Keeping their promise to complete the bipartite settlement at earliest, IBA had taken a decision to grant One Month Advanace Salary (Festival Advance) against the 11th bipartite arrears to all the employees of the bank who had joined the bank before 1st Nov 2017 and 15 days salary advance to all such employees who joined the bank after 1st Nov 2017 to 31st March 2019.
IBA has instructed all it’s member Banks to disburse one month adhoc salary (Basic + DA) as a gesture of goodwill to be adjusted from the arrears to be paid from out of 11th BPS Wage Settlement.
Adhoc Salary will be credited on 04.10.2019.
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