Wednesday, April 7, 2010


IBOC issued its circular No. 43 on wage revision. We are reproducing the circular here for our readers.

CIRCULAR NO:43                                    Date: 05.04.2010



With further reference to our Circular No. 42 dated 3.04.2010, we furnish the following additional data for information of our members.

a) A chart showing the present and revised scales from JMGS-I to TEG Scale VII is
enclosed. The fitment will be on stage to stage basis.

b) Additional stagnation increments will be granted after three years from drawing the last stagnation increment. Similarly 2nd additional stagnation increment will be granted three years after drawing the first additional stagnation increment. Those who have completed more than 6/3 years of service as on 1.11.2007 after drawing last stagnation increment in the existing scale, will be granted Two/One additional stagnation increment with effect from 1.11.2007.

c) D.A. Chart w.e.f 1.11.2007 for various scales is enclosed.

d) C C A is frozen, hence existing CCA will continue to be paid

e) H R A payable w. e. f. 1.11.2007 is enclosed

f) Revised Hill & Fuel allowance is as follows
2% of B.P. Max Rs. 550/- PM
2.5% -- // -- ---- Rs. 680/- PM
5% ---//-- ---- Rs. 1570/- PM

g) Project area allowance
Group .A. centers ---- Rs. 290/- PM
Group .B. Centers ---- Rs. 255/- PM

h) FPP, PQP and Split Duty Allowances are being revised. The details will be advised in due course.

The meeting with four officers. organizations and Core Committee of IBA commenced on 03.04.2010 at Hectic parleys up to the last minute were made by us with the IBA officials to improve upon the various components of salary and allowance. Finally representatives of Officers. Associations and the Core Committee members initialed the distribution chart of wage load which is the basic foundation to arrive at the revised scales and allowances. S/Shri K. Ramakrishnnan, CEO, K. Unnikrishnan Dy. CEO, B.B. Das CGM (HR) SBI, K. Venugopal, Special Officer represented the IBA.

Com. K.S. Shetty, President and Com. G.D.Nadaf General Secretary representated
AIBOC. On behalf of the four Officers. organizations. Com. G.D. Nadaf, Convenor, led the team. The moment initials were affixed to the distribution chart, messages were flashed throughout the country to share the joyous moment. A large number of members who gathered outside the IBA office were eager to know the details and thank the leadership for their relentless efforts in clinching one of the best bipartite settlements in the industry.

It is proposed that next round of discussion on residual issues be held on 9th and 10th April 2010 to finalise the joint note for officers. The UFBU will hold a meeting with IBA on 12.04.2010 to finalize the draft settlement on pension related issues. We expect that by 15th April 2010, final settlement on pension and salary revision will take place.

Comrades we once again compliment all of you for the maturity, conviction and commitment displayed towards the confederation. Thanks for your greetings/ messages. Let us march on to celebrate the 9th Bipartite along with our Silver Jubilee Celebrations in a grand style.

All is well, that ends well. Kindly wait for the defining moment in the history of bipartite settlements on Salary Revision and another Option for Pension.

With greetings



SK said...

Dear Mr Nadaf,



I mention below a standard line of Circular being issued by Banks at the time of strike call by officers association:

"Officers in Senior Management Grade Scale IV and above are not expected to

be members of the associations of which officers in Scale I, II and III are also

members. "

As you are aware,all the officers of scale -IV and V ( in SBI) are part of association and despite above mentioned line of caution, we took part in all the strikes/ agitations as per the directive of officers assoctaion. However, now it is proved wrong and all officers of Scale V are supposed to resign from your esteemed association because in proposed 9th BPS, stage to stage fitment will be given to each and every officer except officers of Scale V as an officer in scale V with Basic Pay of 26620 will get revised basic pay of 40400 while a Scale VI with same Basic Pay of . 26620 will get revised basic pay of 42000/- . This is the only exception of stage to stage fitment.

Therefore, now it is proved that that no one is concerned to take care of this anomaly despite the fact that the 98% officers in Scale-V are drawing basic of 26620 because of short length of the scale. ( total 4 increment, two fro CAIIB, 1 for promotion and 1 for last drawn PQA).

The AIBOC has proposed scales IV and V as under which has created this unique problem.


What was the problem with the undernoted scales which can remove the problem created by you. Was the cost too high to abosorb ?


We exepect AISBOF to raise the issue and rectify this anomaly before celebreting the signature ceremony on 09th/ 10 th April 2010.

Thanks and regards,

Neeraj said...

There are disparities between the pre-revised and post-revised scales of scale III and scale IV at various stages . Any trade union can not allow these disparities to appear and it is expected that the officers assocaiations will do the necessary rectification ,so that the large membership in scale III do not feel alienated from the trade unions.

sudhakar said...

We should felicitate our leaders for their untiring work done during the last 30 months for our cause, betterment of our lives and increase of our salaries. From the salary tables they have created more anomalies than they have solved.The mute question is whether we have to call it as salary revision. The revision is not even equal to 30 months DA increase.

chandan said...


The leaders of the officers association and the union should voluntarily resign from their posts. They have collectively brought down the job in PSU banks to below poverty line level. The agreement reached by the leaders make our heads hang in shame. We feel isolated from the overall gambit of people who used to feel proud about working in a PSU bank. Probationary Officers were earlier called as highly paid clerks, now they will be called ‘kolhu ka bail’.

These leaders deserve to be beaten with ch**pals before the members. We don’t want any more leaders to talk about salary. Let the government form a committee like 6th pay commission and study the market and link it with business growth and position of banks and then recommend pay scales. I think we will any day get better than 17.5%.

It seemed as if during last 3 ½ years that our association was discussing the Kashmir problem with the bank management. Had Indian and Pakistani officials discussed Kashmir in as many meetings as these bank leaders were discussing with the bank management they could have also found the solution of Kashmir problem but our leaders could bargain only 17.5% hike.

The current wage settlement is a SHAME for all of us. The difference between the maximum hike of Scale-V officer and maximum hike of Scale-VI officer is 75% have these id**ts (I mean the original word and not the meaning now understood after the recent movie by same name) come to such a startling difference after 3 ½ years of negotiation. God save PSU bank employees.

Instead of talking about 5 day a week after setting up of ATM, Online transfer facilities etc, They are talking about setting up a working time. Has any leader negotiated with any AGM or DGM if they force their staff to sit late? These leaders talk about giving Rs.200/- if you sit for more than 2 hours after your office time. Even a railway coolie at New Delhi or any other big station charges Rs.300/- for shifting your two- light luggage from entrance to platform no. 2 or 3 and the job is get done in 5 to 10 minutes.

SHAME WE ARE TOLERATING THEM. I feel ashamed to be a PSU banker today.



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