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"HAPPY BIRTHDAY"

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Happy Birthday-13th OCTOBER 2017(FRIDAY)
"HAPPY BIRTHDAY-13TH OCTOBER 2017(FRIDAY) JASWINDER PAL SINGH SENIOR SPL ASSISTANT DON KALAN Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Jag Bhushan SR. ASST. (BANKING) AMBALA CANTT Om Parkash Sikri DEPUTY MANAGER ISMAILA BALDEV RAJ Addl. Associate 1 HANSLI BRIDGE, BATALA Ramesh Kumar SR. ASST. (BANKING) SME BRANCH, CHANDIGARH VEENA PACHPORE Addl. Associate 1 SEC 35-C, CHANDIGARH Ashok Kumar Goyal DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING Kuldeep Kumar Sharma DEPUTY MANAGER ZONAL OFFICE JAMMU Jaswinder Singh SENIOR SPL ASSISTANT TRIPRI PATIALA Dalbir Singh SR. ASST. (BANKING) UDHAMPUR Ambika Chugh ASSISTANT MANAGER AMBALA CITY Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Sushma Gupta SR. ASST. (BANKING) CHANDI MANDIR Parveen Kumar Sharma ASST. GEN. MANAGER NRI JULLUNDER HEM SINGH Addl. Associate 1 KASAULI MANJINDER SINGH RANDHAWA ASSISTANT MANAGER ANAJ MANDI, SIRHIND MANDI ASHUTOSH JAIN Addl. Associate 1 ADB MALERKOTLA DEEP CHAND MANAGER LOHAKA Raj Kumar Bhagat DEPUTY MANAGER BHOGPUR SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD SATISH KUMAR Addl. Associate 1 AMBALA ROAD, ISMAILABAD MUNISH BALI Addl. Associate 1 BANKING OPERATIONS DEPARTMENT-HEAD OFFICE PATIALA Nitin Soni DEPUTY MANAGER ZONAL OFFICE HARYANA-GENERAL BANKING SANJEEV BHATIA ASSISTANT MANAGER BEESLA Sudhir Kumar DEPUTY MANAGER REWARI Gurupdesh Kaur CUST. ASST. (BANKING) ROPAR PAYAL MEHTA Addl. Associate 1 GHUMAR MANDI, LUDHIANA AMIT RAJ DEPUTY MANAGER HO PATIALA -OUTREACH/FINACIAL INCLUSION DEPTT Nitin Sharma DEPUTY MANAGER(S) ROHRU AMRITA DEEPAK Addl. Associate 2 JALANDHAR ZONAL OFFICE-RO-I JALANDHAR -ADMIN JASWANT SINGH ASSISTANT MANAGER S.A. JAIN COLLEGE, AMBALA CITY Vikas Goyal CUST. ASST. (BANKING) MANSA PANKAJ KUMAR TAMTA DEPUTY MANAGER NOORMAHAL ROAD ,PHILLAUR SIMRANJEET SINGH CUST. ASST. (BANKING) SPECIALISED AGRI COMM BR, PATIALA AVINASH KUMAR Addl. Associate 1 ABLU RIGZIN GURMETH ASSISTANT MANAGER ALSINDI Deepshikha . CLERICAL - ON PROB. MOHALI (S.A.S. NAGAR) Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND Rohit Dutta CUST. ASST. (BANKING) NEAR KHUSHI TRADES, SECTOR-11, PANCHKULA ANKIT . ASST. (BANKING) N.G.M. JIND SUNIL KUMAR ASST. (BANKING) GHAGA Sandeep Dhillon ASSISTANT MANAGER AMRITSAR Ram . Kishan CUST. ASST. (BANKING) NAKODAR ROAD, JALANDHAR Amandeep Sharma CLERICAL - ON PROB. NANGAL BHUR *** table>

Monday, 25 May 2015

7TH JOINT NOTE SIGNED TODAY

   
Dear Comrades,
 
LIGHT AT THE END OF THE TUNNEL”
 
7TH JOINT NOTE SIGNED TODAY
 
CONGRATS  TO  ALL  BANKMEN
 
31 months of long journey  commenced on 30th Oct 2012 has ultimately ended by inking the 7th Joint note in the Banking Industry today at Mumbai, benefitting 3,04,090 Officers.
 
IBA team was led by Shri T M Bhasin, Chairman IBA (CMD Indian Bank), Shri Ashwini Kumar, Chairman Sub Committee on Officers’ demands/issues & CMD Dena Bank, , Shri Shyam Srinivasan CEO Federal Bank, Shri Animesh Chauhan MD & CEO OBC, , Shri Ashwini Mehra  DMD SBI, Shri M V Tanksale CEO IBA, Shri K Unnikrishnan Dy CEO IBA, Shri K S Chauhan Senior Vice President, HR & IR IBA besides back up team of HR Dept members of IBA.
 
 
After the brief exchange of pleasantries on the happy occasion of concluding the discussions on the wage revision and service conditions of the Bank men,  reiterating the concern to protect , promote and preserve the Public Sector Banks and work towards strengthening and raising to standard of participation of the banks in Nation Building Exercises, in midst of mounting NPAs, due to economic conditions in our country. Then  the representatives of the unions and IBA inked the Joint Note, thus ended the long drawn process of wage negotiation in the industry.
 
The salient features of the Joint Note signed are  :
 
a)      a]Shifting the system of arriving at the wage load on Pay slip components instead of the earlier exercise of total overall load on establishment expenses.

b)     b]Due to the capping of 2% over 60.15%  DA merger with the existing Basic Pay for the purpose of construction of new Basic Pay, a new element/component with a nomenclature  as “Special Allowance attracting DA” is introduced. A minimum of 9.75% uniform increase has been  ensured to all Officers in the industry.

c)      c]The frozen CCA of earlier Joint note has been defrezed /enhanced this time, as there was a demand by AIBOC to merge with HRA like workmen, in the earlier Joint Note exercise in 2010. Only 54% of Officers are getting CCA.

d)     d]The quantum of HRA due to 163.335% rise in the existing basic pay would automatically enhance the HRA. Still, we have added 0.5% in all three areas benefitting 55% of the Officers in the industry.

e)      e]There is an increase in FPP, PQP and also in the medical aid available yearly.

      f]ABOA realizing the ever increasing workload of Officers gave a call for “ Regulated working hours” and “5 days a week”. Now keeping the interest  of “GENNEXT” Officers in mind  on whose shoulders the burden of building the public sector banks rests, 2nd and 4th Saturdays will be declared as holidays and in lieu of it 1st and 3rd  Saturdays will be full working days.  5th Saturday of the month will be full working day. It was assured on 23rd Feb 2015, while drawing the MOU, after 6 to 12 months, subject to review,  the matter would be revisited. 

g)     g]Insurance backed hospitalization was also brought as a part of the settlement to the total workforce of the industry except to SBI workforce. It is going to be a new experiment, however  the workforce in the industry has to deal with the Bank only.
 
To put in a nutshell, a per capita increase of Rs 80,720/= per annum is available. A unique step forward has been made in the matter of D & A regulations and regulated working hours for Officers. The process has been set in motion. Other issues pertaining to the Officers’ community has to be taken forward after discussing the same in our central committee. The issues raised on behalf of the retirees has not  progressed well but a record of proceedings was signed by all the Negotiating Unions to work out the ways and means to address the pressing problems.
 
IBA has agreed to advise the Banks to release the arrears from 01.11.2012 to 31.05.2015 at the earliest. 
 

Congratulations!! Your unflinching loyalty to ABOA and its role to achieve a meaningful wage settlement is once again demonstrated .
 
 LONG LIVE ABOA
 
WORKING  TOGETHR  WORKS
 
Yours Comradely
 
(B S SIDHU)
SECRETARY-ABOA-PATIALA ZONE
 
 


1.      Scale of Pay:
 
Scale I     :   23700  - 980 (7) – 30560 -1145 (2) - 32850-1310 (7) - 42020
                        Scale II    :   31705 – 1145 (1) – 32850 – 1310 (10) - 45950
                        Scale III   :  42020 – 1310 (5) – 48570 – 1460 (2) - 51490
                                Scale IV      50030 – 1460 (4) – 55870 – 1650 (2) - 59170
                        Scale V    :   59170 – 1650 (2) – 62470 – 1800 (2) - 66070
                        Scale VI  :    68680 – 1960 (4) - 76520
                        Scale VII :    76520 – 2120 (4) – 85000
 
2.      STAGNATION INCREMENT: -
 
Scale  I   4 increments once in 3 years
Scale II  4 increments (3 increments once in 3 yrs & 1 increment after 2 yrs) DOE – 01 5 2015.
Scale III 5 increments (4 increments once in 3 yrs & 1 increment after 2 yrs) D O E – 01 05 2015
Scale IV 1 increment once in three years  DOE 01 05 2015
 
3.      D A     @ 0.10% for every 4 points rise.
 
4.      H R A:  from 01.11.2012
 
Major A:         9%
Area I   :         8%
Others  :         7%
5.      C C A from 01.11.2012:
 
Area I:                4% MAX    Rs 870
Others:   3% MAX    Rs 600
 
6.      Special allowance from 01.11.2012:
 
Scale  I  to  III                         7.75%  +  DA 
Scale  IV & V                          10%     +  DA
Scale  VI & VII                                   11%     +  DA
 
7.      PF from 01.11.2012                10%
 
8.      Medical Aid:               Scale I to III:   Rs 8000/=
                                       IV & above:    Rs 9050/=
 
9.      Recovery of House /Furniture Rent :
0.75% and 0.15% of the first stage of Basic Pay.
 
10.  FPP from 01.11.2012:
 
Basic Comp                DA                  Total
1310                            143                  1453
1460                            159                  1619
1650                            180                  1830
1800                            196                  1996
1960                            214                  2174
2120                            231                  2351
 
11.  PQP  from 01.11.2012:
Part I: Rs   670 pm
Part II: Rs 1680 pm
 
12.  Deputation Allowance:
 
Outside the organization:  7.75% max Rs 4000/= pm
Inside the organization:     4.00% max Rs 2000/= pm
 
13.  Hill & Fuel Allowance from 01.11.2012:
 
1000 mtrs to 1500 mtrs:         2%  Max Rs 750/= pm
1500 mtrs to 3000 mtrs:         2.5% max Rs 1000/= pm
Above 3000 mtrs:                   5%  max  Rs 2000/= pm
 
14.  Special Area Allowance w.e.f 01.11.2012:
 
15.  Mode of travel:/LFC
LFC monetization: 100% of the eligible fare.
Monthly income Rs 10,000/= (aggregate of both parents)
 
16.  Project Area Allowance:   Group A: Rs 400/ p m
       Group B: Rs 350/ p m
 
17.  Mid Academic Transfer Allowance:             Rs 1100/= p m DOE 01 6 2015
 
18.  Split Duty Allowance:                                               Rs   200/= p m
 
 
19.  Compensation on transfer: [D O E 01 06 2015]
 
Scale I to III:   Rs 15000/=
IV & above:    Rs 20,000/=
 
20.  Improvements in Leave:
 
Special leave upto 30 days for donation of organs in the service.
Paternity leave for 15 days
Child adoption leave maximum period of 6 months.
Privilege leave accumulation upto 270 days  encashment upto 240 days.
 
21.  2nd a d 4th Saturdays –Holidays

           Notification from the Government is awaited.

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