Updates of today's meeting of 11th Bipartite Settlement
IBA team was led by IBA Chairman Mr. Rajnish Kumar, who is Chairman of SBI.
The following discussion took place :
1. Revised Offer : The offer for hike in Fixed Pay was enhanced from 12% to 12.25 % on pay slip. This offer is with 2% loading. "In view of overall difficult financial condition of Banks, it is not possible to go beyond this offer," was made clear by IBA.
2. Special Allowance : Due to extra financial burden IBA refused the Demand for Merger of Spl Allowance with Basic.
3. Five Day Week : IBA flatly refused this Demand raised once again.
4. PL Encashment : At present PL can be encashed (i) on retirement (ii) while availing LFC.
A NEW channel for PL Encashment will be introduced. Employees can encash 5 days' PL every year against available balance.
As special case, those employees having less than 5 years' remaining service, shall be able to encash 7 day PL every year against balance available.
5. Family Pension : IBA is working on enhancing it. They have accepted that it is not adequate.
6. Pension : For enhancement, cost factor is prohibitive. IBA is working on it. But they have not committed anything in this regard.
7. Performance Linked Incentive (PLI) :
As per suggestions made by Unions IBA came out with Revised Offer as under :
It is payable on year on year increase in Operating Profit.
(A) If Operating Profit increase is between 5 to 10 %, the Incentive will be 2.75 % which equals 10 days' salary.
(B) if Operating Profit increases by 10 to 15 %, the Incentive will be 3.84 % which equals 14 days' salary.
(C) if Operating Profit increases by 15% & above, Incentive will be 5.75 % which equals 21 days' salary.
(D) For those Banks which could not register NET PROFIT, but it's Operating Profit increase is above 5% : the PLI will be @ 2.75% or 10 Days' salary.
Salary of bank employees if IBA will agree with 15% hike in 11th Bipartite Settlement
Award Staff :- Click here
Officer :-
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*This is not a official news
PSU Bank Employees may get good news of Wage Revision
We have been receiving a number of anxious queries from our affiliates/members regarding the news item about conclusion of bipartite talks. We wish to make it abundantly clear that there has not been any progress in the bipartite talks. As such, the news item is totally baseless and should not be given any cognizance.
Sunil Kumar, Chairman, AIBOC
Debasis Ghosh, President, AIBOC
Soumya Datta, General Secretary, AIBOC
Follow this steps to Enjoy your Banking Job
If you want to enjoy your banking job then do following things :-
1. Read maximum bank circulars and guidelines meticulously and follow those religiously. Also be updated.
2. Do not yearn for money other than your salary and perks.
3. Do not fear transfer. Any day transfer is better thancharge sheet and suspension.
4. Do not work for promotion.
TRANSFER KE LIYE DARNA MAT,
PROMOTION KE LIYE MARNA MAT.
5. Do not work for target only. Focus only on Service & Work systematically with priorities , rest will follow.
6. Say no to all verbal order of your seniors which areagainst bank guidelines or you feel unethical.
7. Always try to complete work within working hours only 10 AM to 5 PM time schedule.
8. Say no to holidays working if it can be avoidable except exigencies.
9. Be active in social & association activities
10. Do not work for clapping in review meeting.
11. Respect your juniors and do not fear your seniors.
12. Appreciate your colleague work and try to share credit of good works with them.
13. Respect your customers & colleague. Treat them as VIP in your premises.
14. Credit and recovery is integral part of banking. Do not fear to lend or demand recovery
15. Do not carry your office works to home or vice versa.
16. Your APR is not in your hands. So accept yourAPR even not up to your expectations. However, represent to high level if its below 75.
17. Earn respect of your customers that is more important than buttering your boss
18. Be a fighter not a quitter
19. Try to speak truth to everybody even if that is unpleasant.
20. Smile and laugh as much as you can.
21. Do not trust anybody blindly. Be polite but firmwhile controlling office officials.
22. Don't accept any gifts or attending part's from any customers/ vendors/service providers & even 3rd party product facilitators. Instead offer tea Coffee to them, keep them under your obligation.
You have got good job & you may make it best one while enjoying.
Be proud banker and honest human being .
I am sure that you have all the qualities.
Be proud banker and honest human being .
I am sure that you have all the qualities.
Commonly used Finacle commands-Useful for newly joined bankers
Finacle is a product of Infosys on a platform of Oracle. Presently, many Indian Banks are having this software as banking solution and it is highly flexible. The software has different commands for different purposes these commands are Finacle Commands. The software has reduced the work load of Bank Employees as currently they only have to enter a finacle command in finacle software.
CUSTOMER MASTER RELATED
| MENU OPTION | DESCRIPTION |
| CUMM | To Add, Copy, Suspend, Inquire, List, Modify, Unsuspended, Verify and Cancel a Customer Master. |
| CUMI | Inquiry on customer record |
| CUS | Inquiry on Customers based on selected criterion/ criteria |
| CUIR | Interest Certificate for customers |
| CUMP | Customer Master Print |
| CUSTBALP | Balances for different accounts of a customer |
ACCOUNT OPENING / MAINTENANCE
| OAAC | For opening SB/CA/TD/Cash Credit/Loan/OD accounts |
| OAACAU | To verify account opened under OAAC |
| ACM | To Modify/Inquire the Account |
| ACLI | Account ledger inquiry |
| ACCBAL | Account balances |
| ACS | Account Selection Criteria |
| INTTM | For changing the interest rate |
| ACINT | For running interest calculations |
| AITINQ | Inquiry on interest in accounts |
| TDSCALC | For calculating the TDS |
| ACMP | Master print for accounts |
| PSP | Printing statement of accounts |
TRANSACTION MAINTENANCE
| TM | Putting through transactions |
| TI | Inquiry on specified transactions |
| FTI | Inquiries for financial transactions |
| TEI | Inquiry onexceptions in transactions |
INVENTORY MAINTENANCE
| IMAUM | Maintain authorized users for inventory |
| IMC | Inventory movement between locations |
| IMI | Inquiry on inventory |
| ISI | Inventory split merge and inquiry for inventory held by self |
| ISIA | Inventory split, merge and inquiry for inventory held by others |
CHEQUE BOOK & STOP PAYMENT RELATED
| ICHB | Issue of cheaque books to customer accounts |
| ICHBAU | Verification of cheque books issued to customers |
| CHBM | Inquiries relating to cheque book maintenance |
| SPP | To input stop payments |
| SPPAU | To authorize stop payments |
| INQACHQ | Inquire on the basis of Cheque number |
LIEN & FREEZE
| AFSM | For freezing/ unfreezing the accounts |
| ALM | Account Lien (mark / unmark) Maintenance |
ACCOUNT TOD MAINTENANCE
| ACTODM | For granting TOD |
| ACTODMAU | For verification of TOD Set-up |
| ACTODI | Inquiry on TOD inaccounts |
DEMAND DRAFT / PAY-ORDER
| DDPRNT | Printing DD/ PO |
| DDLOST | Marking lost DD/ PO |
| DDREVERT | Unmarking Lost DD/PO |
| DDMI | Mass issue of DD/PO |
| DDSM | Status of the DD/ PO |
| DDII | Inquiry on specific DD issued |
| DDIC | Inquiry on credits to DD account |
| DDIP | Inquiry on specific DD paid |
| DDID | Inquiry on debits to DD account |
| DDPALL | Mass DD Printing |
| DDC | DD Cancellation |
CLEARING
| MCLZOH | Opening/ regularization/ suspension of outward clearing zone |
| OCTM | Outward clearing transactions |
| ICTM | Inward clearing transactions |
| OIQ | Outward clearing transaction inquiry |
| OPQ | Inquiry on outward clearing Part -Tran |
| MARKPEND | For marking pending instruments from being regularized |
| REVPEND | For revoking MARKPEND |
| MICZ | Opening/ suspension/ validation/ closing of inward clearing zone |
BILLS
| BM | Lodging/ verifying/ realizing Bills |
| BI | Inquiry on Bills |
| BRBPR | Balancing Report – Bills Purchased |
| BRCR | Balancing Report – Collection |
| BCSI | Bills/Cheques Covering Schedule – Inter Branch |
| BCSO | Bills/ChequesCovering Schedule – Inter Branch |
STANDING INSTRUCTION
| SIM | Setting up standing instruction |
| SIE | Execution of standing instructions |
| CFLM | Inquire/ delete/ carry forward standing instruction List |
| SIETR | Standing instructions execution report |
| SIRP | Standing instructions report |
| SIADVC | Standing instructions executed advice to the customer |
LIMIT NODE MAINTENANCE
| LNM | Limit Node Maintenance |
| LTL | Limit Tree Lookup |
| LNDI | Limit Node Details Inquiry |
FINACLE LOAN COMMANDS
| LADGEN | Loan Demand Generation |
| ACLHM | Account Limit History Maintenance |
| LAGI | Loans General Inquiry |
| LALIEN | Loans Lien Process |
| LAMOD | Loan Account Modeling |
| LAMP | Loan Account Master Print |
| LAOPI | Loans Overdue Position Inquiry |
| LADSP | Loan Demand Satisfaction Process |
| LARSH | Loan Repayment Schedule Report |
| MAPD | Marking Accounts as Past Due |
| MEAC | Modify Effective Asset Classification |
| PAYOFF | Loan Pay Off Process |
| SRM | Security Register Maintenance |
| AINTRPT | Interest Report for Accounts |
BANK GUARANTEES
| GMM | Issuance of Bank Guarantee |
| GI | Guarantee Inquiry |
| BGPRINT | Bank GuaranteePrinting |
ACCOUNT CLOSURE
| CAAC | Closure of accounts |
| CAACAU | Verification of closed accounts |
| CACC | Account ClosureCharges |
TAX DEDUCTED AT SOURCE RELATED
| TDSIP | TDS Inquiry / Print |
| TDSREP | TDS reports |
| RMTDS | TDS Remittance Capture |
PASSWORD RELATED
| PWMNT | Changing Password |
