DA for bank employees – Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of August, September & October 2016

DA for bank employees – Dearness Allowance (DA) for Workmen and Officer Employees in banks for the months of August, September & October 2016

DA for Bank employees for the months from August, September and October 2016 has been announced.

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2016-17/768

August  1,  2016

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2016 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Basel 960 -100) for the quarter ended June 2016 are as follows:-

April	2016	6185.82
May	2016	6277.12
June	2016	6322.77

The average CPI of the above is 6261.90 and accordingly the number of DA slabs are 455 (6261.90-4440 1821.90/4= 455 Slabs) The last quarterly Payment of DA was at 420 Slabs. Hence there is an increase in DA slabs of 35, i.e 455 Slabs for payment of DA for the quarter Aug, Sep & Oct 2016.

n terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Aug, Sep & Oct 2016 shall be 45.50% of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

We advise banks to pay the difference between the old and revised salary and allowance to officers on an ad hoc basis, pending amendments to Officers’ Service Regulations.

Yours faithfully,

K S Chauhan
Senior Vice President

Download Circular No.CIR/HR&IR/76/D/2016-17/768 dated 01.08.2016

Dearness Relief payable to Pensioners for the period August 2016 to January 2017

Dearness Relief payable to Pensioners for the period August 2016 to January 2017

IBA circular on Dearness Relief for Bank Pensioners.

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/D/G2/2016-17 /772

August 1, 2016

Designated Officers of all Member Banks which are parties to the Bipartite Settlement on Pension

Dear Sirs,
Dearness Relief payable to Pensioners for the period August 2016 to January 2017 

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960= 100) for the quarter ended June, 2016 are as follows:-

Apr 2016	6185.82
May 2016	6277.12
Jun 2016	6322.77

In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 Dearness Relief is payable to pensioners at rates specified in Appendix II to the Regulations.

Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the Dearness Relief payable to pensioners for the period August 2016 to January 2017 as per Annexure.

Yours faithfully,

K S Chauhan

Senior Vice President

Indian Banks’ Association

PART-I
Dearness Relief to pensioners who retired on or after 1st day of January,1986, but before the 1st day of November,199211st July, 1993
BASIC PENSION	Dearness relief for the months	Slabs
	Auaust 2016 to January 2017	1415
	Average Index	6261
(i)	Upto Rs.1250	948.05 per cent.
(ii)	Rs.1251 to Rs.2000	Rs. 11850.62 plus 778.25 percent of basic pension in excess of Rs.1250.00
(iii)	Rs.2001 to Rs.2130	Rs.17687.49 plus 466.95 percent of basic pension in excess of Rs.2000.00
(iv)	Above Rs.2130	Rs. 18294.52 plus 240.55 percent of basic pension in excess of Rs.2130.00

PART-II
Dearness Relief to pensioners who retired on or after 1st day of November,1992  / 1st July, 1993
BASIC PENSION	Dearness relief for the months	Slabs
	Auaust 2016 to January 2017	1278
	Average Index	6261
(i)	Upto Rs.2400	948.05 per cent.
(ii)	Rs.2401 to Rs.3850	Rs.10735.20 plus 370.62 percent of basic pension in excess of Rs.2400.00
(iii)	Rs.3851  to Rs.4100	Rs. 16109.19 plus 217.26 percent of basic pension in excess of Rs.3850.00
(iv)	Above Rs.4100	Rs.16652.34 plus 115.02 percent of basic pension in excess of Rs.4100.00

PART-III
Dearness Relief to pensioners who retired on or after 1st day of April, 1998.
BASIC PENSION	Dearness relief for the months	Slabs
	Auaust 2016 to January 2017	1144
	Average Index	6261
(i)	Upto Rs.3550	274.56 per cent.
(ii)	Rs.3551 to Rs.5650	Rs. 9746.88 plus 228.8 percent of basic pension in excess of Rs.3550.00
(iii)	Rs.5651 to Rs.6010	Rs. 14551.68 plus 137.28 percent of basic pension in excess of Rs.5650.00
(iv)	Above Rs.6010	Rs. 15045.88 plus 68.64 percent of basic pension in excess of Rs.6010.00

PART-IV
Dearness Relief to pensioners who retired on or after 1st day of November, 2002.
Average Index (CPI) for quarter ended June 2016	6261
No. of Slabs	993
Rate of dearness relief on pension for the months August 2016 to January 2017	178.74 % of basic pension

PART-V
Dearness Relief to pensioners who retired on or after 1st day of November, 2007.
Average Index (CPI) for quarter ended June 2016	6261
No. of Slabs	856
Rate of dearness relief on pension for the months August 2016 to January 2017	128.40% of basic pension

PART-VI
Dearness Relief to pensioners who retired on or after 1st day of November, 2012
Average Index (CPI) for quarter ended June 2016	6261
No. of Slabs	455
Rate of dearness relief on pension for the months August 2016 to January 2017	45.50% of basic pension

Download IBA Circular No.CIR/HR&IR/D/G2/2016-17 /772 dated 01.08.2016

Dearness Relief for Pre-1986 Bank Pensioners from August 2016

Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

IBA circular on DA for Pre-1986 Bank Retirees and Surviving Spouses

Indian Banks’ Association

HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/D/G2/2016-17/774

August 1, 2016

Designated Officers of all Nationalised Banks and Associate Banks of State Bank of India

Dear Sirs,
Dearness Relief payable for the period August 2016 to January 2017 to surviving pre 1.1.1986 retirees of banks (b) surviving spouses of pre 1.1.86 Retirees who are in receipt of Ex-gratia

As per the directive contained in the Government of India, Ministry of Finance Department of Economic Affairs (Banking Division) letter F.No.11/2/2012-IR dated 17. 12.2013, the Dearness Relief payable to surviving pre 1.1.1986 retirees of banks for the period August 2016 to January 2017 on Ex-gratia will be as under:

Applicable CPI Average	Amount of  Ex-gratia per month	Rate of Dearness Relief per month	Amount of Dearness Relief per month	Total Ex-gratia amount including Dearness Relief per month
6261	Pre 1.1.86 Retirees	350	948.05	3318	3668
	Surviving spouses of pre 1.1.86 retirees	175	948.05	1659	1834

Yours faithfully,

K S Chauhan
Senior Vice President

Download IBA Circular No.CIR/HR&IR/D/G2/2016-17/774 dated 1.8.2016

Paternity Leave to Bank Employees

Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha has confirmed that 15 days of Paternity Leave would be available to bank employees as accepted under the 10th Wage Negotiation Settlement signed between Indian Banks’ Association (IBA) and the Unions/Associations of employees

Male Bank Employees eligible for 15 days Paternity leave as accepted under the 10th Bank Wage Negotiation Settlement – Minister of Finance confirms in Lok Sabha.

Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha has confirmed Grant of 15 days Paternity Leave to bank employees

Paternity Leave to Bank Employees

Grant of Paternity Leave to bank employees has been accepted under the 10th Wage Negotiation Settlement signed between Indian Banks’ Association (IBA) and the Unions/Associations of employees.

Male employees with less than two surviving children shall be eligible for 15 days paternity leave during his wife’s confinement and may be availed upto 15 days before or upto 6 months from the date of delivery of the child.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

PIB

RBI staff plans mass leave on November 19

RBI staff plans mass leave on November 19 

KOLKATA: Reserve Bank’s employees have proposed one-day mass leave on November 19 to protest what they termed as the government’s intention to curb the apex bank’s activity and intervening into monetary policies.

The United Forum of Reserve Bank Officers and Employees, the umbrella organisation of four recognised unions of officers and workmen staff in RBI, has decided a day’s ‘Mass Leave’ on November 19 by around 17,000 workforce, AIRBEA General Secretary Samir Ghosh told PTI.

“With the proposed mechanism of Monetary Policy Committee (MPC), the government plans to intervene and themselves decide the monetary policy which has been the exclusive jurisdiction of RBI so far,” he said.
In the wake of the protest, settlement activity of the banking system of the country is likely to be disrupted on November 19.

“The cease-work programme is intended, inter alia, to strongly oppose Government of India’s current moves to cripple RBI in the name of the draft financial code and legislative reforms,” the United Forum release said.
“The Finance Ministry is reportedly giving final shape to shift Government’s debt management functions from RBI to the proposed Public Debt Management Agency (PDMA), which will also henceforth function as depository of government securities (G-Sec), thus taking away from RBI some vital operations having relevance to money market as well,” it added.

The union body will also press for their demand for improvement in pension.

Read more at http://economictimes.indiatimes.com/

IBA’s Circular on Stagnation Increments to Clerical Staff – AIBEA

IBA’s Circular on Stagnation Increments to Clerical Staff – AIBEA

ALL INDIA BANK EMPLOYEES’ ASSOCIATION

Central Office: “PRABHAT NIVAS” Regn. No.2037

Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001

Circular Letter No.27/148/2015/44

Date 23-9-2015

Dear Comrades,

IBA’s Circular on Stagnation Increments to Clerical Staff

Further to the 10th BP Settlement, some of our units have been seeking clarification on implementation of the provisions relating to sanction of Stagnation Increments. We had taken up the issue with IBA for issuing their Circular to the Banks and accordingly IBA has now issued their Circular No. 1377 dt. 22-9-2015. Copy of the said Circular is furnished herein for the information of our units and for follow up with the respective managements.

With greetings,

Yours Comradely,

sd/-

C.H.VENKATACHALAM

GENERAL SECRETARY

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