Introduction of 5 banking a days a week and other issues.
We discussed about timing of office Hours, Cash transaction hours and customer service hours.
*Office hours*
UFBU proposes
*0945 to 1715*
37 hrs 30 min per week
IBA suggestions
0945 to 1730 hrs
38 hrs 45 min per week
*Cash Tran. hours*
UFBU proposes
0945 to 1515
25 hrs per week
IBA suggestions
0945 hrs to 1545 hrs
27 hrs 30 min per week
*Customer service hours*
UFBU proposes
0945 hrs to 1615 hrs
30 hrs per week
IBA suggestions
0945 hrs to 1630
31 hrs 15 min
Discussed with positive atmosphere, UFBU not agree to increase cash transaction hours.
5 day Banking - IBA proposed to increase 45 min per day in lieu of two Saturdays/month as against the proposal submitted by UFBU for extension of 30 min per day. Meanwhile IBA has called for UFBU view.
Pension updation - UFBU can come with concrete proposal so that matter can be taken up further
Scraping of NPS - will be taken up in next Bipartite.
Tax deducted on NPS contributions- recommend to govt for exemption.
Stagnation Increment - IBA will revisit & study the formula of the Banks which has released such increments.
*IBA responded positively.*
*Next round of meeting will be held by last week of FEBRUARY*
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