Bank strike 24th and 25th March withdrwan. Details below

The adjourned conciliation meeting took place today from morning. There was serious discussion on our demands. Iba and DFS were present.  Joint secretary of DFS spoke on video call and informed about the positive discussion FM and DFS secretary had on the issue of 5 Day banking. Iba proposed to further discuss issues like recruitment and PLI and other issues. CLC informed that he will directly monitor the issues includi ng implementation of ,5 days banking. The meeting has been adjourned to be held again in the third week of April. In view of this positive development it was felt necessary to postpone our strike for a month or two. Units are thus informed that our strike on 24th and 25th is postponed. Detailed circular being issued. UFBU.

Dear All,

We are pleased to inform you that the discussions with DFS have been positive, and a consensus has been reached on most of our key demands. Notably, the demand for 5-day banking has been strongly advocated, and positive discussions are underway.

In light of this progress, the proposed strike has been deferred. We deeply appreciate your patience, support, and unwavering solidarity in this collective effort. A detailed circular outlining the developments and next steps will be shared soon.

Thank you for your continued trust and cooperation.

Regards,

*CLC Meeting adjourned, Next meeting on 21.03.25 at 11:30 AM.*

*Message from UFBU*

Today there was a conciliation meeting at CLC office. IBA, DFS, and bank managements were present . All our issues discussed. *There was no positive outcome on the issues especially on recruitments, 5 Day banking, unilateral PLI*. discussions adjourned to 21st. Go ahead with the strike preparation.

*CLC Meeting adjourned, Next meeting on 21.03.25 at 11:30 AM.*

Bank strike day wage cut and its impact on pension

DA will be decreased 21 to 25 slab from May 2025

1. On assumptions if there is a decrease in CPI index by 0.50 points in the month of Feb'25 & 0.30 points in the month of Mar'25 (However other than vegitables in this month the prices are rising regularly of commonly required daily needs / items and commodities which is making month over month difficult to manage family budget). Accordingly, on this assumption, we may expect there would be a decrease of 1.46% DA in terms of 12^th BPS on revised pay. Total 19.74% DA will become payable from May'25.
2. On assumptions if there is a decrease in CPI index by 0.40 points in the month of Feb'25 & 0.20 points in the month of Mar'25, we may expect there would be be a decrease of 1.36% DA in terms of 12^th BPS on revised pay. Total 19.84 percentage of DA will become payable from May'25.
3. On assumptions if there is a decrease in CPI index by 0.30 points in the month of Feb'25 & 0.20 points in the month of Mar'25, we may expect there would be be a decrease of 1.30% DA in terms of 12^th BPS on revised pay. Total 19.90 percentage of DA will become payable from May'25

DA FOR BANKER DOWN FROM 21.2% TO 19.97% AS INFLATION IS COMING DOWN

Very good news for the Bankers, Inflation is coming down sharply so will the DA Rate. Based on the latest CPI (IW) figures for the month of January published today we can see the DA % going down by 1.5 % point from the month May 2025. Projected DA 19.97% as against the present 21.2%.

Bank Strike Stands.MEETING with IBA failed

Dear Comrades,

Please recall our strike notice and the agenda items outlined therein. One of the key issues was the pending residual matters with the IBA. In today’s meeting with the IBA on these issues, discussions were positive but remained inconclusive.

However, on the major agenda items, including the demand for a five-day work week and adequate recruitment , there was no positive outcome. Accordingly, the strike stands. A detailed circular will follow.

Rupam Roy

General Secretary, AIBOC

Five days Banking will be announced shortly

A meeting will be held on 18th March with Iba ufbu and CLC(Chief Labour Commissioner). Source  say that  after  the meeting  DFS( Department of Financial Services) will announce  five days  banking.  May be  it will effect  from 1st June.

As and when our Source supply more data we will post here.

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