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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Friday, March 8, 2024

09th Joint Note and 5 Day Work Week*

*09th Joint Note and 5 Day Work Week*

Comrade, 

AIBOC had a firm stand that they will not sign the 9th joint note without a firm commitment to 5-day workweek. On February 22nd, AIBOC took a stand that they would not sign without a 5-day workweek clause in the joint note, though some of the award staff unions were keen to sign the bipartite agreement. The situation changed after the involvement of the FM & DFS officials, and only then IBa agree to incorporate these terms bipartite and joint note. 

Please understand that "all saturdays will be holidays" has been recognised in the bipartite settlement and joint note. The working hours change will be implemented after necessary clearances from the govt.

In 2015 Bipartite, similar clause was inserted for declaration of two Saturdays off. It was signed in May 2015. After getting necessary clearances from the govt, the two Saturdays off were declared from 1st Sep 2015. 

Similarly, in this joint note and bipartite, "all saturdays off" clause has been inserted. Bipartite is a legal document. The implementation time is 6 months. We are hopeful that after necessary formalities, the govt will issue the notification either before or after elections. 

Rest assured, following this settlement, the 5-day workweek will become a reality soon.

We would also request our membersship to go through other provisions in our circular and the joint note, which are aimed at improving the salaries and service conditions by a great extent. To quote a few- 

- Substantial Pay increase
- Stagnation increments
- Additional CAIIB Increment
- 3 PQPs
- New leaves - one leave per month for all women employees, 4 half day CLs, other leave benefits
- Family definitions
- The new DA factor with the new series of 2016=100 improving the salary and pension for all.

- Fitment on Promotion - Every Officer on promotion shall be fitted in a higher stage in the new scale of pay with a protection of a minimum differential of one increment in Pay drawn by him/her in the pre-promoted cadre or scale, removing the anomaly in fitment. 

- Officiating Pay - payable for a continuous period of not less than 4 days at a time OR an aggregate of 4 days during a calendar month

These are just few, more than 90 such benefits are there. 

Comrade,  AIBOC stand comitted to collective well being of its members. We will continue to strive for welfare for all our members and towards making our work place a better place to work in. 

Thanks and regards

Team AIBOC WBSU

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