DA After 12th Bipartite Settlement : 12th Bipartite Settlement Demands 2024

 The new pay scales allow for a 17 percent increase in pay and allowances, subject to Dearness Allowance DA and a 3 percent load factor. D.A. @ 1% per point over 123.03 of 2016 Index.

FROM	DA RATE	FROM	DA RATE
NOV. 22	7.43 %	AUG. 23	12.07 %
FEB. 23	9.40 %	NOV. 23	15.77 %
MAY 23	9.90 %	FEB. 24	15.73 %

On November 1, 2022, the salary adjustment will begin and continue for five years.

Salary and benefit increases totaling 17% of annual pay slip expenses, or 12,449 crores of rupees, were agreed upon for all PSU banks, including SBI, for the fiscal year 2021–2022.

The Indian Banking Association and the authorized representatives of the trade unions and employee associations deliberated over a wage increase for bank employees in the 12th Bipartite Settlement, which represented the banking industry.

The Indian Banks’ Association, which speaks for the banks’ management, met with authorized representatives from the Association of Officers’ Union and the Union of Workmen’s Union to talk about salary increases for bank employees and officers.

A stronger banking system is essential to meet the demands of stakeholders and consumers, according to the management team and the Union/Association of the Workmen’s officials and people. Improving the system’s responsiveness, productivity, and efficiency is essential if the banking industry is to overcome its current challenges. Consequently, the salary settlement conflict was resolved and an MOU was finalized.

Salient features of the 12th Bipartite Settlement

1. A provision will be made in HRMS for sanctioning authority to record the reason for rejection of leave. Encashment of leave up to 255 days at the time of retirement.

2. For calculating the number of days of Privilege leave, Mandatory Leave and Bereavement Leave shall be excluded, apart from casual leave. The single male parent shall be permitted to avail sick leave for illness of their child below 8 years subject to production of medical certificate.

3. Employees can avail sick leave for the sickness of their Special Child of age upto 15 years for a maximum of 10 days per year subject to production of medical certificate.

4. Women employees shall be allowed to take one day Sick Leave per month without production of medical certificate. Sick leave entitlement – one month for each year of service with a max of 720 days.

5. Maternity leave can also be availed for infertility treatment.

6. In case of delivery of more than 2 children in one delivery, Maternity Leave shall be sanctioned upto 12 months.

7. Employees will be granted Bereavement Leave on the demise of the family members (spouse, children, parents and parent-in-law). Leave Bank scheme will be introduced – detailed scheme will be worked out.

8. For employees above the age of 58 years, sick leave shall be granted towards hospitalization of the spouse at a centre other than the place of work and for a maximum period of 30 days.

9. Maternity Leave for adoption of a 2nd child.

10. Casual leave can be availed for half a day on 4 occasions in an year out of which 2 occasions in the morning and two occasions in the afternoon. Special maternity leave upto 60 days shall be granted in case of still born or death of the infant within 28 days of birth.

11. Employees who are Defence Representatives in departmental enquiry proceedings may be granted one day special leave for the purpose of preparing the defence submissions of an employee. Such special leave shall be granted for a maximum of ten occasions in a year.

12. Advance notice of 10 days for availing privilege leave be waived for office bearers and Executive Committee members of a registered trade union. Principal Office bearers of AIBEA, NCBE, etc. shall be granted Special leave upto 25 days in a calendar year.

Pay Scales in 12th Bipartite Settlement

Pay Scales (Merger at 8088 Points)

With Stagnation Increments

Clerks

24050 – 1340/3 – 28070 – 1650/3 – 33020 – 2000/4 – 41020 – 2340/7 – 57400 – 4400/1 – 61800 – 2680/1 – 64480

Clk: 11 – once in 2 yrs. Rs.93960

Sub-staff

19500 – 665/4 – 22160 – 830/5 – 26310 – 990/4 – 30270 – 1170/3 – 33780 – 1345/3 – 37815

SS: 11 – once in 2 yrs. Rs.52610

D.A. @ 1% per point over 123.03 of 2016 Index

Special Pay – Clerks

11th

Nov-22

Apr-24

All clerks and SWO- A will be CSA from Apr-24 with Rs.1965 Spl. Pay

Fixed Personal Pay (All areas)

D A Quarter

Avg.

11th %

12th %

Single Window Operator

1250

1680

1970

Category

No Qrs.

Qrs.

Incre ment

Nov-22

130.47

38.92%

7.44%

Head Cashier II

1940

2605

3050

Feb-23

132.43

41.16%

9.40%

Special Assistant

2920

3925

4600

Clerk

3155

2880

2680

May-23

132.93

41.72%

9.90%

Special Pay – Substaff

Substaff

1585

1445

1345

Aug-23

135.10

44.24%

12.07%

Bill Collector/Armed Guard

590

795

No change in duties

Leave Fare Concession

Nov-23

138.80

48.51%

15.77%

Daftary

850

1145

4 years

2 years

Feb-24

138.76

48.51%

15.73%

Head Peon

1120

1505

Clerks

4700

2350

Graduation/Professional Qualification Pay

Electrician/AC Plant Helper

3090

4150

Substaff

5400

2700

Graduation/PQP-After 1 year- Clk & SS

820

Driver

3590

4825

Road Milege charges Rs.11/- per Km.

Graduation/PQP-After 2 year- Clk & SS

1640

Medical Insurance Policy/Cashless Medical Scheme:

LFC/Hospitalisation – Dependent income Rs.18,000/-

Graduation/PQP-After 3 year- Clk & SS

2460

For employees/retires existing scheme to continue – Separate Sub- committee will be formed to discuss the issues regarding any improvement

Graduation/PQP-After 4 year- Clerk

3280

Fare by special trains like Rajdhani/ Shadabdi/Tejas/Vande Bharat/Amrit Bharat, etc. (except luxury trains) shall be allowed.

Graduation/PQP-After 5 year- Clerk

4100

Special Allowance (with D A)

Annual Medical Aid: Rs.2,830/- p.a.

26.50% of Basic Pay. D A is payable on this.

Periodical medical check up for employees – wherever not available, scheme in each bank shall be evolved. Annual eye check for all employees – maximum reimbursement of Rs. 500 per year per employee.

Where an employee has applied for LFC/leave as per stipulated time, the same is sanctioned & when advance booking of train tickets is not possible, tickets purchased as Tatkal/Premium tatkal will be reimbursed.

House Rent Allowance

Recovery for qrs – 0.15% of 1st stage.

10.25% for all areas.

New Pension Scheme

Provident Fund

14% on revised Pay + D A

10% on revised Pay

Breakage charges on transfer : Clerks Rs.2000 (Receipt) Rs.1400 (Declaration) Substaff Rs.1400 and Rs.1000

Transport Allowance (with D A)

Where an employee has applied for LFC/leave in advance & also booked the tickets & the LFC is declined/deferred by the Bank, cancellation charges will be reimburse.

Rs.850/- p.m. + DA for Clk,SS & Part Time.

Substaff passing JAIIB/CAIIB, shall get PQP like clerks.

Hill & Fuel – 8% Max. 2850, 4% Max. 1150, 3% Max. 950

Officiating Pay: A clerk officiating as JM I Officer either for a continuous period of 4 days or more or an aggregate of 4 days in a month, shall be paid 15% of the Basic Pay of the person officiating.

Washing Allowance – Rs.300/- p.m.

Cycle Allowance – Rs.150/- p.m.

Break-in journey shall be permitted upto two times in the overall journey and train fare actually incurred by the employee upto the entitled distance shall be reimbursed.

Halting Allow.-Clk- 1500, 1350, 1000 – SS- 1100, 900, 600

Lodging expenses reimbursement by producing receipt: Clk – 3000, 2500, 2000 – SS – 1500, 1250, 1000 Additionally 35% of the Diam/Halting Allow. for food exp.

When a workman employee is transferred out of the station other than on account of request, he/she may claim reimbursement of house rent upto 150% of HRA otherwise payable on declaration basis.

LFC facility for escort accompanying employhee with benchmark disability.

Deputation Allow.: 7.75% Max.3,750 Local 4% Max.1875

Others:

For calculating the amount payable for overtime work, the expression “emoluments” shall mean aggregate of Basic Pay, Special Pay, PQP, Special Allowance, HRA and Transport Allowance.

The present Special Pay posts shall be redesignated wef 1st April, 2024. Clerks as Customer Service Associate, Head Cashier as Senior Customer Service Associate (Cash), and Special Assistant as Special Customer Service Associate. Substaff as Office Assistant, Daftary as Senior Office Assistant and Head Peon as Special Office Assistant.

The passing powers of Clerical Staff shall be amended wef 1st April, 2024 and enhanced Special Pay for the additional responsibility shall be paid from that date. For substaff, the existing provisions shall continue.

Exgratia for pensioners:

Ex gratia for pensioners to be paid with effect from November, 2022.

Exgratia shall be the full basic pension + DA for October, 2022 multiplied by the Factor as per the Table and rounded off to the next higher or lower 100.

Factor table:

4/5th BPS	6th BPS	7th BPS	8th BPS	9th BPS	10th BPS	11th BPS
1-1-86 to 31-10-92	1-11-92 to 31-3-98	1-4-98 to 31-10-02	1-11-02 to 31-10-07	1-11-07 to 31-10-12	1-11-12 to 31-10-17	1-11-17 to 31-10-22
0.17	0.15	0.12	0.07	0.05	0.03	0.02

Officers

1/2nd JN	3rd JN	4th JN	5th JN	6th JN	7th JN	8th JN
1-1-86 to 30-6-93	1-7-93 to 31-3-98	1-4-98 to 31-10-02	1-11-02 to 31-10-07	1-11-07 to 31-10-12	1-11-12 to 31-10-17	1-11-17 to 31-10-22
0.17	0.15	0.12	0.07	0.05	0.03	0.02

Ex Gratia – Illustration – Payable from November, 2022:

Retirement	Basic pension in Oct. 2022	DA in Oct. 2022	Pension + DA	Applicable Factor	Ex Gratia	Rounded off
4/5th BPS	760	10,001	10,761	0.17	1,829	1,800
6th BPS	2,820	18,032	20,852	0.15	3,125	3,100
7th BPS	6,270	25,476	31,746	0.12	3,809	3,800
8th BPS	9,960	27,645	37,605	0.07	2,632	2,600
9th BPS	15,750	33,193	48,943	0.05	2,447	2,400
10th BPS	29,585	29,703	59,288	0.03	1,778	1,800
11th BPS	64,500	23,749	88,249	0.02	1,765	1,800

110 reasons to cheer our 12^th BP Settlement

1.	Once again it is collectively bargained, bipartite settlement based on bilateral negotiations
2.	It is the 12th successive Bipartite Settlement
3.	AIBEA is the only organisation which has the pride of having signed all the 12 bipartite settlements
4.	Negotiations concluded at shortest possible time. Commenced in July, 2023 and ended in December, 2023
5.	Settlement signed without the need for any demonstrations, strike, etc.
6.	The Settlement covers 25 Banks – 12 Public Sector Banks, 10 Private Sector Banks and 3 Foreign Banks
7.	The Settlement covers more than 4 lakhs of employees in workmen cadre
8.	Along with our Settlement, officers Joint Note was also secured and achieved which will cover and benefit more than 4 lakhs officers from Junior Management Scale I to Top Management in Scale VII (General Managers)
9.	This Settlement will be for a period of 5 years
10.	Settlement will be effective from November, 2022 and upto October, 2027
11.	The total amount of wage revision is Rs. 12,449 crores, i.e. 17% increase over the Establishment Expenses as on March 2017
12.	Wage Increase for workmen employees: Rs. 4,165 crores
13.	Wage Increase for officers: Rs. 8,284 crores
14.	Impressive increase in annual average per capita wage hike compared to all previous 11 Bipartite Settlements
15.	Basic Pay / Pay scales have been constructed at a higher Price Index of 8088 points as compared to 6352 points under 11th BPS
16.	Because of this, Basic pay has gone up by 30 % +
17.	Clerical Pay Scale: 24,050 to 64,480
18.	Clerical Pay Scale including 11 stagnation increments: 24,050 to 93,960
19.	Substaff Pay Scale: 19,500 to 37,815
20.	Substaff Pay Scale including 11 stagnation increments: 19,500 to 52,610
21.	Two more stagnation increments achieved – Total 11 stagnation increments
22.	Stage to stage fitment from old to new pay scale
23.	Special provision made for Ex servicemen employees
24.	Change in DA scheme from 1960=100 series to 2016=100 series
25.	Revised D.A. rate under new Scheme: 1.00% per point under 2016=100 Index
26.	DA will change for every change of 0.01 points in Average index
27.	Base Index for 12th BPS is 123.03 points