Wednesday, February 2, 2011

Good News for Bankers ! IBA released D.A for Feb,Mar,Apr 2011

As predicted in this blog, IBA has recently published the new D.A. rate for Bankmen for Feb,Mar, Apr 2011 @49.95%, a hike of 25 slabs.
Click here to view the IBA website
at

4 comments :

chandan said...

IS IT A GOOD NEWS? DA INCREASE IS JUST A NEWS. NOT GOOD OR BAD AS BECAUSE IT JUST COMPENSATES THE PRICE RISE.

February 2, 2011 at 7:52 PM
vatsan said...

THE PRICES ARE ON THE TOP OF THE HILL AND WE AS THE BANKER IN ALIPERI THINKING THAT WE HAVE REACHED THE TOP OF THE HILL. TOTALLY MISGUIDED FIGS. AS USUAL WE HAVE ACCEPT AS WE DID IT IN 9TH BIPARTIE SETTLEMENT. ALAS POOR BANKERS

February 3, 2011 at 8:53 PM
kavya said...

ignored the income tax component n DA increase. Net of IT it is meagre

February 13, 2011 at 5:14 PM
ashok said...

Do Banks Credited their share of 70% for Funding Gap
by admin » Wed Feb 23, 2011 6:16 pm

Friend, Now in all the banks new optees deposited 30% amount as funding of Gap as decided by the unions, in the shape of 56% and 2.8 times.
Kindly ask the bankers whether the banks credited their share of 70% on account of Funding the Gap, to the Pension trusts in Banks. Kindly ask them to tell the dates when they credited 70% share to their Bank's Pension Trusts.

Friend it is needed to the unions to monitor the working of the Pension Trusts of the Banks. Please also have a vigil that now banks are crediting 10% OF PAY EVERY MONTH TO THE PENSION TRUSTS.

Please arrest the banks in this respect otherwise they will further show a gap in pension funding and will ask the unions to share the gap by asking the penalties and tolls from the pensioners.

I humbly submit before the learned GS to constitute a sub committee to look after the affairs that banks are adhering the pension regulations meticulously.

Please take a expert view whether unions can file a complaint against the banks who are not depositing 10% contribution to Pension every month as per Pension Regulations.

Please also file complaints against the appropirate authorities .

Kindly keep in mind that when unions will demand updation of pension and100 percent DA neutralisation againthis IBA named Person will demand funding of Gap from the pensioners.

Kindly ask IBA to guide banks that full pension shall be paid up to the date of payment /netting of commuted pension and pension can be reduced from the date of payment/ netting of the commuted portion of pension.

Being oldest union of bankers it is also the duty of AIBEA to approach IBA/Government accordingly. Bankers can only see towards unions in the event of distress. No one can approach the judiciary for all the misdeeds of the banks.

With regards
comradly yours
Ashok goel
ashokgoel47@in.com

February 24, 2011 at 9:16 AM

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