11th Bipartite Settlement is due from 1st November 2017. Charter of demand for 11th Bipartite Settlement has been submitted jointly by AIBOC, AIBOA, INBOC & NOBO. This Charter of demand will be the basis for discussions and negotiations for finalizing the salaries, benefits and other matters concerning bank employees 11th bipartite settlement.
Minimum Basic Salary of Bank Officers in 11th bipartite settlement is proposed at Rs.61000 based on Central Govt. (VII CPC) pay scale of 56100, which is based on DA 1.1.2016 whereas we are proposing DA merger on 31.10.2017.
The pay scales will be arrived at based on the above principles discussed.
Fitment shall be stage-to-stage i.e. on corresponding stages from 1 stage onwards and increments shall fall on the anniversary date as usual. There shall be automatic movement of scale..
Since the entire D.A. outstanding as on 31.10.2017 is to be merged with the existing Basic Pay, the percentage of revised D.A. as on 01.11.2017, for every rise or fall of four points of index on the quarterly average of D.A. over and above November 2016 index should be recalculated @ 0.07% per slab of 4 points.
House Rent Allowance
In view of the fact that nearly 60% of officers have been staying in leased houses / flats of banks, increase in the percentage of H.R.A. will not extend them any benefit of salary increase, on the contrary they will have to suffer more loss for the same leased house / flat. Hence, existing percentage of HRA should be retained without any change and thus, lesser amount of allocation towards HRA out of total amount to be allotted for wage revision can be diverted in other areas where from all officers can be benefitted.
Alternatively, self leasing of own houses should be permitted to avoid the huge disparity under the present dispensation of capital cost.
CITY COMPENSATORY ALLOWANCE
The existing classification of centre should be reviewed classified in the following categories:-
I Major Metro – Kolkata, Delhi,Mumbai, Chennai, Bangalore, Hyderabad, Ahmedabad, Pune, etc.,
II Metros (Area I) – All centres with more than 12 lakh Population and State Capitals
III Centres with population of 1 lakh and above and all District Head quarters
RATES OF CITY COMPENSATORY ALLOWANCE:
Category I – 20% of Basic Pay
Category II – 17.5% of Basic Pay
Category III – 15% of Basic Pay
F.P.P.: It should be the last increment without any ceiling.
PQP : For completion of Part I JAIIB and Part II CAIIB, one and two increments are to be considered instead of consolidated amount as in the past. The present embargo on non payment of PQP and FPP should be removed.