Authentic Circular-58

ALL INDIA STATE BANK OFFICERS’ FEDERATION

(Registered under the Trade Unions Act 1926, Registration No: 727/MDS)

State Bank Buildings, St. Mark’s Road, Bangalore – 560 001

CIRCULAR NO.58                                                    C:\Users\MAHAJAN\Downloads  DATE: 21.05.2015

TO ALL OUR AFFILIATES/MEMBERS:

HEARTIEST CONGRATULATIONS!

COST SHEET/ DISTRIBUTION SHEET FOR OFFICERS UNDER 10TH BIPARTITE SETTLEMENT SIGNED

                                   

We reproduce hereunder the text of AIBOC Circular No.2015/24 dated                   20^th May, 2015 contents of which are self-explicit.

With greetings,                                                   

                   

    

                                                 (Y.SUDARSHAN)

 GENERAL SECRETARY

TEXT

QUOTE:

We congratulate all our members, as we are nearing finality in respect of our tenth Bipartite Settlement, which could not have been possible, without the collective strength of us all. Our members are aware that the challenges this time were many folds, the conditions were not conducive and it would not be an exaggeration to say that there had been resistance even from within, i.e. from some of the constituents, which could be due to different perception. However, after several rounds of talks held between the Negotiating Committee of Indian Banks’ Association (IBA) representing the Managements of banks with the Authorised Representatives of the Officers’ Associations on salary revision and other issues concerning service conditions for officers in Banks, a consensus has been reached over the construction of Pay scale, documented and signed today.

By signing of Cost sheet/ Distribution Sheet for 10^th Bipartite Settlement covering Payslip Component, clarity has emerged for our future stand and actions.

Salient features of the Cost Sheet/ Distribution sheet signed today with regard to Pay slip Component are as follows:

1.  Scales Of Pay:

Scale I -	23700	980	30560	1145	32850	1310	42020
		7		2		7
Scale II -	31705	1145	32850	1310	45950
		1		10
Scale III -	42020	1310	48570	1460	51490
		5		2
Scale IV -	50030	1460	55870	1650	59170
		4		2
Scale V -	59170	1650	62470	1800	66070
		2		2
Scale VI -	68680	1960	76520
		4
Scale VII -	76520	2120	85000

                                                       4

2. Dearness Allowance:  On and from 1.11.2012, Dearness Allowance shall be payable for every rise or fall of four points over 4440 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100 at 0.10% of Pay.

3. One additional stagnation increment for Scale II and III payable two years after the   last stagnation increment drawn or from 01.11.2012, whichever is later and one stagnation increment for Scale IV are the special feature of this settlement

4. House Rent Allowance (w.e.f. 1.11.2012)     

	AREA	RATE
	Major “A” Class Cities and Project Area Centres in Group A	9 % of Pay
	Other places in Area I and Project Area Centres in Group B	8% of Pay
	All Other places	7% of Pay

5. CCA: The maximum amount has been raised from Rs. 540 to Rs. 870, Rs. 375 to Rs. 600, for Area 1 and State of Goa and for Rest, respectively, without any change in the percentage

6. FPP: increment component of FPP has been increased from the range of 800/900/1000/1100/1200/1300 to Rs. 1310/1460/1650/1800/1960/2120, plus DA as applicable

7. PQP: raised from Rs. 410 to Rs. 670, and from Rs.1030 to Rs. 1680

8. Special Allowance : With effect from 1.11.2012, officers shall be paid D.A. carrying Special Allowance as under:

Scale I-III    -	7.75% of Basic Pay + applicable Dearness Allowance thereon
Scale IV-V  -	10% of Basic Pay + applicable Dearness Allowance thereon
Scale VI-VII-	11% of Basic Pay + applicable Dearness Allowance thereon.

9. Medical Aid:  Officers in JMG & MMG Scales– Rs. 8,000 /-p.a.  

      Officers in SMG & TEG Scales – Rs. 9,050/-p.a.

10. Date of Effect: 01.11.2012

Regarding two Saturdays off, RBI has conveyed its NOC, which has been forwarded by IBA with its recommendations to the Government. Its implementation may take some time due to the technicalities involved. The matter is being continuously pursued by us.

Joint Note will be signed on 25^th May, 2015. The details of other benefits, allowances etc. will be circulated to you immediately thereafter.

With comradely greetings,    

                                                                                  Yours comradely,

    Sd/-

  (HARVINDER SINGH)

         GENERAL SECRETARY

UNQUOTE