Bank Officers Union announces All India strike against New Transfer Policy





The All India Bank of Baroda Officers’ Association has declared a strike in protest against the bank management’s new anti-officer transfer policy. According to the circular, officers who have completed 6 years in the officers’ cadre within their current zone can request a transfer to another zone of their preference after this period. The union views this policy as unjust due to the lengthy 6-year duration and is demanding a reduction in the required duration.

The BOB Officers’ Union has threatened an All India Strike if the revised transfer policy is not revoked. They argue that the current policy imposes undue hardship on officers and are advocating for a more flexible approach to transfers.

  • Black Badge/Black ribbon wearing from Monday, 29th April.
  • Submission of Memorandum to all Regional Heads addressed to our Bank’s MD&CEO by team of Office bearers/Activists on 30th April 2024 evening.
  • Demonstrations outside all Regional Offices on one evening during the period 1st May to 4th May 2024, taking into account the election model code of conduct as applicable in the relevant area.
  • All India Strike on 7th June 2024, after General Elections are over. In the meantime, we shall serve Strike Notice to the Bank.

The last year transfer policy/IZT were exercised with criteria of 3 years for lady officers and 4 years for Male officers and now with policy being changed to 6 years, the sudden increase in the minimum relaxation tenure for this IZT(Inter Zone Transfer) exercise is creating panic among the officers and demoralising concerned officers and their family members, who have been posted outside the parent zone during previous IZT exercises.

Earlier officers with age of 55 are eligible for retransfer to their parent zone or to the zone of their choice, now in this IZT policy the age criteria has been increased to 58 years which is ruthless.

The IZT policy eligible period for the employees being 6 years is very long and staying away from families is unbearable, which adversely impact family life of the officer’s.

Since 2019 there is no recruitment in Bank and all previous IZT batches have been retransferred with 3 / 4 years ( lady staff 3 years) criteria, Management’s sudden shift to 6 Years minimum tenure is demoralizing officer employees as there is no work life balance in our bank due to IZT Transfers.

Many of the lady officers were undergoing fertility treatments and still were transferred midway and suffered due to delay in treatment due to IZT Still there are some officers whose IZT request has been rejected in earlier IZT exercises for shortage of a day or two with respect to the cutoff date. But these officers has been identified by the Management during the IZT 2019-20 and relieved late by the respective zonal office/regional office which in turn effected the officers during retransfer to the parent zone.

The Management is thinking that they have given enough concession for women and men under the IZT policy but they have forgotten that most of the employees who have undergone IZT posting have been undergoing physical and mental agony, since many of the officers have left their families back at their parent zone due to health problem of parents/in laws, nontransferable employment of spouse, education problem of children etc. This IZT policy has further demotivated and shut down the hope of these officers of getting back to their family.

Every year all the officers of the bank are obeying the instructions of the top management and undergoing the IZT even though they are facing some personal problems with a hope that they will be transferred back to the parent zone after completion of 3 years’ service.
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Salary chart of officers after 12th Bipartite Settlement


Bank employee unions and the Indian Banks' Association have agreed to a 17% annual wage hike, which will result in public sector banks spending around Rs 8,284 crore more per year. Starting from November 2022, approximately 8 lakh bank employees will benefit from this wage increase. This agreement will lead to significant pay raises for bank employees across India.


A joint note has been agreed upon by the parties to recognize all Saturdays as holidays. However, this is subject to government approval, and the revised working hours will come into effect only after the approval.


Also Read : Salary chart of Award staff after 12th Bipartite Settlement


The new pay scales have been formulated by merging Dearness Allowance corresponding to 8088 points and additional load. The new wage settlement also entitles women employees to one day of sick leave per month without needing a medical certificate.


Additionally, accumulated privilege leave can be encashed up to 255 days upon retirement or in the event of an employee's death while in service.


IBA Chief Executive Officer Sunil Mehta highlighted the significance of the agreement, stating that it marks a milestone for the banking industry. Retired employees are also set to benefit, with the agreement stipulating that a monthly ex-gratia amount will be paid in addition to the pension or family pension provided by Public Sector Banks, including SBI, for those eligible to draw pension on or before October 31, 2022.






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AIBOA office bearers meeting-Discussion of Officers Salary-Latest Updates of 12th Bipartite Settlement





AIBOA office bearers meeting held today at 8pm on Google meet.

Most of the office bearers attended. Some important topics has been discussed by office bearers in the meeting like...

#Basic Pay

Scale-I 48480-85920

Scale-II 64820-93980

Scale-III  85900-98320

Scale-IV  102940-120960

Scale-V 120940-135000

Scale-VII 156000 -173800


# Increment Slabs of Rs.2000 

# HRA 8%,9% 10%

# DA 2016. 100 index

# JAIIB one increment and CAIIB two increments

# LFC monetization

Scale- II and above 99000/- per member for four members.

Dependant eligible- Rs 24000

Hope next week all will be finalised and from AIBOA eight office bearers will go to signed the agreement 

Full details of final pay structure and others will be available after signing agreement.

So please be connect with us for another main thing five days banking will be announced immediately may be in the budget session but it is in almost final stage.

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Salary chart of Substaff,Clerical Staff and Officers after 12th Bipartite Settlement (Tentative)


In the recent concluded 12th BPS settlement between IBA and Bankers Union, it is decided to have 3.00% load factor on basic pay. The overall hike will be 17%.


Load factor is the actual hike in the basic pay other than merger of Dearness allowances. The proposed merger of DA is considered as 44.24%. The load factor is calculated on Merged Basic Pay with 3.00% load.

Substaff:-




Officers:-



Clerical Staff:-




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11th Bipartite Settlement Updates: Basic Pay & Other Allowances of Officers & Award Staff


11th Bipartite Settlement of PSU Banks finally signed on 11/11/2020.

Basic Pay :

Officers Scales of Pay: 

Scale I : 36000 – 1490 x 7 – 46430 – 1740 x 2 – 44910 – 1990 x 7 – 63840

Scale II: 48170 – 1740 x 1 – 49910 – 1990 x 10 – 69810

Scale III: 63840 – 1990 x 5 – 73790 – 2220 x 2 – 78230

Scale IV : 76010 – 2220 x 4 – 84890 – 2500 x 2 – 89890

Scale V : 89890 – 2500 x 2 – 94890 – 2730 x 2 – 100350

Scale VI : 104240 – 2970 x 4 – 116120

Scale VII : 116120 – 3220 x 4 – 129000

Stagnation officers: 

scale I : 5 stagnation increments 1990 x 2, 2220 x 2, 2220 x 1

scale II : 5 stagnation increments  2220 x 5

scale III : 6 stagnation increments  2220 x 4, 2500 x 2

scale IV : 2 stagnation increments 2730 x 2

scale V : 1 stagnation increment 2970 x 1

Clerical Basic:

17,900 – 1000 x 3 – 20900 –  1230 x 3 – 24590 – 1490 x 4 – 30550 – 1730 x 7 – 42660 – 3270 x 1 -45930-  1990 x 1 – 47920

Stagnation Clerical : 1990 x 9 – 65830.

Substaff Basic:

Rs. 14500-  500 x 4 -16500- 615 x 5 – 19575- 740 x 4 – 22535 –  870 x 3 – 25145 – 1000 x 3 -28145.

Stagnation Substaff  1000 x 9 -37145

Fitment in the new scales of pay shall be on a stage-to-stage basis.

Dearness Allowance :

Uniformity in periodicity has also been agreed upon. As already informed, DA would be at 0.07% per slab of 4 points over 6352 points of Index.

Special Pay :

SWO B – 1250

Head Cashier – 1940

Special Assistant – 2920

Daftary -850

House Rent Allowance

Officers: HRA:

  1.  Area 12 to 45 lacs population  : 9%
  2.  Area 5 to 12 lacs population: 8%
  3.  Area Below 5 lacs population: 7%

for clerks and substaff HRA

At all centres 10.25 %

 CCA (Only or officers)

Places area 1 : 1400 per month

Places with 5 lakh and above : 1150 per month

Other areas : 700 per month

 Special Allowance

Officers:  

scale I to scale III : 16.40 % of the Basic pay with applicable DA thereon.

Scale IV and V : 19 % of the Basic pay with applicable DA thereon.

Scale VI and VII : 20 % of the Basic pay with applicable DA thereon.

For workmen employees:

Clerk and Substaff: 16.40 % of the Basic pay with applicable DA thereon.

Medical Aid:

Officers JMGS and MMGS   Rs.10300

Officers in SMG and TEG  Rs. 12300

Clerk and Substaff : 2355

Transport Allowance

Rs. 600 for both clerical and substaff  DA also applicable.

Leave Fare Concession

Distance:

For subordinate staff

Once in 2 years – 2600 km

Once in 4 years – 5200 km

For clerks

Once in 2 years – 2200 km

Once in 4 years – 4400 km

Halting Allowance Bank Clerks:

 

Places with population of

12 lakhs and

state of Goa

Places with population of

5  lakhs and above

State  of Capitals & Union Territories Rs.

Other Places Rs.
Clerks 1050 900 675
Sub Staff 750 600 375

Halting Allowance Bank officers:

 

Metro Rs. Major ‘A’ Class Cities Rs. Area I (Rs.) Other Places Rs.
Officers in Scale VI & above 2700 1950 1650 1425
Officers in Scale IV & V above 2250 1950 1650 1425
Officers in Scale I/II/III 1950 1650 1425 1200

Metro : Chennai, Kolkata , Mumbai & Delhi

GRADE MAJOR “A” : Ahmedabad,Bangalore, Hyderabad,

AREA I (Popln of > 12 lacs) : Agra, Bhopal, Coimbatore, Indore, Jaipur, Kanpur, Kochi, Lucknow, Ludhiana, Madurai, Nagpur, Patna, Pune, Surat, Vadodara, Varanasi etc.

AREA II : Other places

What is Performance-Linked Incentive?

For the first time, the Performance-Linked Incentive (PLI) is being introduced in 11 public sector banks under the 11th bipartite agreement to encourage bank employees perform better in this competitive scenario. The Incentive will be based on the operating profit or net profit of individual bank.

The PLI is paid to employees on the basis of annual performance of bank and percentage increase in year-on-year profits of a firm or bank. It is payable to all employees in addition to the salary as an annual increment. For private banks and foreign banks, it will be optional to provide this incentive to employees.

How to calculate Performance-Linked Incentive (PLI)?

Have a look at the situations under which the PLI will be calculated:

Scenario

Status of PLI

Year-on-Year Growth of company is less than 5%

No PLI

Year-on-Year Growth of company is between 5%-10%

5 Days salary given as PLI

Year-on-Year Growth of company is between 10%-15%

10 Days salary given as PLI

Year-on-Year Growth of company is above 15%

15 Days salary given as PLI

What is PLI Calculation Formula?

Have a look at how PLI will be calculated:

For example, the Establishment expenses of XYZ bank  on March 31, 2019 is Rs 100 with 50 employees:

Establishment Expense: Rs 100

Establishment Expense for 10 Days : 100/365 * 10 = 2.73

Increment for 50 employees: 2.73 / 50 =  0.0546

Gross Salary with PLI (Annual Increment): Rs 100 + (Rs 100 X 0.0546) - Rs 105.46 - (If Gross salary is Rs 100)

Other Allowances & Perks under 11th Bipartite Agreement

The 11th Bipartite Agreement has introduced some other allowances and perks for the bank employees. These are:

NPS & DA: Banking sector will increase its contribution to the National Pension Scheme (NPS) to 14% of the salary and Dearness Allowance (DA) from 10%. However, this is subject to the government approval.

Leave encashment: Under the 11th Bipartite Agreement, bank employees will be allowed to encash maximum 5 paid leaves in a year during a festival of their own choice. However, employees who are above 55 years can encash up to 7 paid leaves. Earlier, employees were able to encash leaves only at the time of retirement.

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IBPS Supplementary Advertisement for RRB CWE - IX 2020


Institute Of Banking Personnel Selection(IBPS) has published an Advertisement for below-mentioned Posts. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.

Post: Bank Office Assistant/Officer Scale-I, II, III CWE-IX

Post-Wise Vacancies:
Office Assistant (Multipurpose) – 4624 Posts
Officer Scale-I (Assistant Manager) – 3800 Posts
Officer Scale-II (General Banking Officer) – 838  Posts
Officer Scale-II (Information Technology Officer) – 59 Posts
Officer Scale-II (Chartered Accountant) – 26  Posts
Officer Scale-II (Law Officer ) – 26 Posts
Officer Scale-II (Treasury Manager) – 03 Posts
 Officer Scale-II (Marketing Officer) – 08 Posts
Officer Scale-II (Agriculture Officer) – 100 posts
Officer Scale-III (Senior Manager) – 156 posts

Total No. of Posts: 9640

Educational Qualification
Office Assistant (multipurpose/Officer scale I – Candidates must have completed their Graduation in any discipline from any recognized University/institute will be eligible for this post.

Officer Scale II – General Banking Officer/Officer Scale III-Candidates must have completed their Graduation in any discipline with minimum 50% marks along with 3 years/5 Years Post Experience from any recognized University/institute will be eligible for this post.

Officer scale II (Information technology Officer) – Candidates must having Graduation Degree in Electronics/Communications/Computer science/Information Technology with Minimum 50% Marks & 2 Years Post experience from any recognized University/Institute will be eligible for this post.

Officer scale II (Chartered Accountant) – Candidates must have passed CA Exam from ICAI India & 1 Year Experience as CA will be eligible for this post.

Officer Scale –II (Treasury Manager) – Candidates having degree in CA or MBA Degree in Finance with 2 Year Experience in Recognized Sector will be eligible for this post.

Officer Scale-II (Marketing Officer) – Candidates having MBA Degree in marketing Trade with 2 Years Experience in Recognized Sector will be eligible for this post.


Officer Scale-II (Agriculture Officer) – Candidates having Graduation Degree in Agriculture/Horticulture/dairy/animal/Veterinary Science/Engineering/Pisciculture from Recognized University/Institute with 3 Years Experience will be eligible for this post.

Please read Official Notification for Educational Qualification details.

Age Limit: As on 01-07-2020
Officer Scale-I – 18-30 Years
Officer Scale-II – 21-32 Years
Officer Scale-III – 21-40 Years
Officer Assistant Multipurpose – 18-28 Years

Age Relaxation (Upper Age Limit)
SC/ST-05 Years
OBC-03 Years

Fee
Gen/OBC – Rs. 850/-
SC/ST/PH – Rs.175/-

Payment will be made through Debit Card, Credit Card/Net Banking or Bank Challan

Selection Process: Candidates will be selected based on Preliminary & Mains Examination

How to Apply: Interested Candidates may Apply Online Through official Website.

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More details: Click Here

Apply Online: Office Assistant (Multipurpose) - Clerk | Officer Scale - 1 | Officer Scale - II & III

 

Important Dates:

  • Re-open Date of Online Application: 26-10-2020 (New)
  • Last Date to Apply Online & Fee Payment: 09-11-2020 (New)
  • Payment of Application Fees/Intimation Charges (Online): 01.07.2020 to 21.07.2020
  • Download of call letters for Pre- Exam Training: 12.08.2020
  • Conduct of Pre-Exam Training: 24.08.2020 to 29.08.2020
  • Download of call letters for online examination – Preliminary: August, 2020
  • Online Examination – Preliminary: September/October 2020
  • Result of Online exam – Preliminary: October 2020
  • Download of Call letter for Online exam – Main / Single: October/November 2020
  • Online Examination – Main / Single: October/ November 2020
  • Declaration of Result – Main/ Single (For Officers Scale I, II and III): October/ November 2020
  • Download of call letters for interview (For Officers Scale I, II and III): October/November 2020
  • Conduct of interview (For Officers Scale I, II and III): October/November 2020
  • Provisional Allotment (For Officers Scale I, II and III & Office Assistant (Multipurpose)): January 2021
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IBPS Probationary Officers/ Management Trainees (CRP PO/MT-X) Recruitment 2020


Institute of Banking Personnel Selection (IPBS) has published an Advertisement of Common Recruitment Process (CRP) for Recruitment of Probationary Officers/ Management Trainees in Participating Organisations- (CRP PO/MT-X). Online examination (Preliminary and Main) for the next Common Recruitment Process for selection of personnel for Probationary Officer/ Management Trainee posts in the Participating Organisations is tentatively scheduled in October / November 2020. Eligible Candidates advised to refer to the official advertisement and apply this post. You can find other details like age limit, educational qualification, selection process, application fee and how to apply are given below. 

Exam Details:
Exam Name: Probationary Officers/ Management Trainees (CRP PO/MT-X) 

Vacancies Details:
General: 690 Post
OBC: 300 Post
EWS: 142 Post
SC: 196 Post
ST: 89 Post

Total No. of Posts: 1417 Posts (As on 06-08-2020) The Vacancies will be increased more.

Educational Qualification
Graduate Degree in Any Stream in Any Recognized University in India. Please read Official Notification for Educational Qualification details.

Age Limit: (Age Calculate – 01 August 2020)
Minimum 20 Years And Maximum 30 Years

(Age Relaxation will be provided as per Govt. Rules)

Fee
General / OBC / EWS: 850/-
SC / ST / PH: 175/-

Make the payment through online using Debit Card, Credit Card, Net Banking Or E Challan Mode

Preliminary Examination: Total 100 Marks Paper of Bilingual Options comprising of English, Reasoning& Quantitative Aptitude Topics

Mains Examination: 200 Marks  Paper of  Bilingual Options comprising of GA, Reasoning English & Data Analysis topics

Note – Candidates are suggested to read the official notification before applying.

Selection Process: 
Candidates will be selected based on Preliminary Examination, Mains Examination, Interview

How to Apply ?: 
Interested Candidates may Apply Online Through official Website.


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Apply Online: Click Here


Important Dates:
  • Starting Date of Online Application: 05-08-2020
  • Last Date to Apply Online, Fee payment & Editing Application: 26-08-2020
  • Last Date to Print Application: 10-09-2020
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