6TH BIPARTITE SETTLEMENT PDF

The Settlement dated 27th March, was operational for a period of 5 years from 1st November E Simultaneously, IBA also raised with the Unions, issues on behalf of the managements of banks concerned, to be discussed and settled with a view to improving efficiency of operations, customer service, utilization of manpower, discipline and maintaining harmonious industrial relations. F The parties initially agreed after negotiations that total quantum of wage increase arising out of a Settlement to be signed in this regard shall be Rs. It is agreed that for the purpose of this settlement, the additional cost of pension be shared between the parties at the ration as agreed and pension cost accordingly. G The Workmen Unions demanded one more option for pension considering the fact that many could not opt earlier for various reasons.

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Mezibei All other places — Rs. Payment of Overtime Allowance. In modification of Clause 14 of the Bipartite Settlement dated 14th February,with effect from the date of this Settlement, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters: In respect of employees who had received their fourth stagnation increment on or after 1st November, but before 1st November,the fifth stagnation increment shall be released on and from 1st November, Places with population below 2 lakhs.

The clerical and the subordinate staff on reaching the maximum in their respective scales of pay shall draw FIVE stagnation increments at the rate of Rs. At places situated at a height of over metres but less than metres and Mercara Town. Given the environment of competition in the banking industry gaining momentum day by day, it is settlemebt that the banks are well equipped with state of art technology to enhance customer satisfaction which in turn enhances efficiency and productivity.

Places with population of 2 lakhs and over [other than places in i above] and State Capitals and Capitals of Union Territories. Clause 17 of the Fifth Bipartite Settlement dated 10th April,shall stand deleted. The IBA also raised with the Unions, during negotiations, issues on behalf of the managements of the banks concerned, to be discussed and settled with a view to improving productivity, efficiency, customer service, discipline and maintaining harmonious industrial relations.

In settlemnet of Indian Overseas Bank the provisions of the Awards as further modified by the Settlements dated 14th Settlemnt,17th December,29th July,23rd March,1st August,31st October,21st April,8th September,17th September,5th January,10th April,29th June,16th July,29th October,14th February,14th December, and 28th November, shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.

The above provision will apply for crediting privilege leave from the Calendar Year Note All other existing provisions relating to City Compensatory Allowance shall remain unchanged. At places situated at a height of metres and above.

Such leave not exceeding a day if availed on grounds of sickness, shall be allowed without production of medical certificate. Split Duty Allowance, Cycle Allowance and Overtime Allowance It is clarified that while calculating the arrears for the period of the Settlement uptilif the net difference between the existing total emoluments and the revised total emoluments after Xettlement Fund deduction is negative, the same shall be ignored.

Special provision for State Bank of India Special compensatory provisions in respect of State Bank of India may be reviewed and settled at bank level. It is agreed that for the purpose of this Settlement Pension be costed at In partial modification of Clause 4 of the Bipartite Settlement dated 28th November, with effect from 1st April,split duty allowance shall be payable as under: In partial modification of Clause 5 a of Bipartite Settlement dated 14th February,both clerical and subordinate staff shall be eligible for five stagnation increments with effect from 1st November, at the rates and frequencies as stated hereunder: The parties thereafter negotiated the aforesaid demands and issues on several occasions and have now reached an agreement as set out hereinunder in full satisfaction of their demands.

Hill and Fuel Allowance. Foboisu-federation of Bank of India Staff Unions The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier. Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff. Mumbai, Calcutta, Bopartite, Delhi — Rs. Scales of Pay, Dearness Allowance and consolidated wages to part time employees working for less than 6 hours per week.

For the yearthe reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i. Bank Clerk Pay Scales in India:1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9thth Settlement The agreement reached as aforesaid shall amend, modify and supersede the relevant provisions of the Awards and the Settlements wherever referred to in this Settlement.

At places situated at a height of and over metres but below metres. Halting Allowance and all other items agreed to but not Date of covered by the above Clauses. It is desirable that these imbalances in deployment of staff are corrected. Where quarters are bopartite, HRA shall not be payable, and the rent to be recovered shall be 2.

In substitution of Clause 17 of the Bipartite 66th dated 14th February,with effect from stetlement November,the reimbursement of hospitalisation expenses shall be as agreed hereunder: In supersession of Clause 4 of Bipartite Settlement dated 14th February, and Clause 1 of Bipartite Settlement dated 14th Decemberwith effect from 1st November, the scales of pay shall be as under: Provided that fraction of a day of earned leave, if any, shall be taken as a full day.

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The Settlement dated 14th December was co-terminus with the Settlement dated 14th February, D The IBA also raised with the Unions, during negotiations, issues on behalf of the managements of the banks concerned, to be discussed and settled with a view to improving productivity, efficiency, customer service, discipline and maintaining harmonious industrial relations. E The Unions put forward a demand for giving yet another opportunity to those employees who had not opted for pension earlier. While IBA expressed its inability to consider the demand of the Unions, on their insistence however, it agreed to forward the demand to the Government of India. The parties initially agreed after prolonged negotiations that the total quantum of wage increase arising out of a Settlement to be signed in this regard shall be

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6TH BIPARTITE SETTLEMENT PDF

Meztisho In all other respects, the General Rules and Provisions contained in Chapter V of the Bipartite Settlement dated 19th October, as modified from time to time shall continue to apply. In modification of Clause 14 of the Bipartite Settlement dated 14th February,with effect from the date of this Settlement, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters: Voluntary Cessation of Employment. Places with population of more than 12 lakhs. Split Duty Allowance, Cycle Allowance and Overtime Allowance It is clarified that while calculating the arrears for the period of the Settlement uptilif the net difference between the existing total emoluments and the revised total emoluments after Provident Biparrite deduction is negative, the same shall be ignored.

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