Monday, May 2, 2011

IBA confirmed Bank D.A. for May, June and July 2011

Ministry of Labour and Employment has released the CPI (IW) figure for the month of March 2011.
Accordingly IBA increased  DA for the months of May ,June and July  to the extend of 19 slabs .DA will be increased to 52.80% from existing DA of  49.95% .
It was correctly predicted in this blog on 29th April as and when the CPI figures made available.

View the enhanced D.A. in IBA site.


ashok said...

Respected General Secretary



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 ask 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 appropriate authorities .

Kindly keep in mind that when unions will demand updation of pension and100 percent DA neutralisation again this 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

ashok said...


The Convenor
pre 2002 retrirees are seeing you for updation of pension and 100 percent DA neuteralisation.
Please convince IBA.
You have 98 percent bankers in your fold.
ashok goel

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