Dear Comrades,
Warm greetings 
upon historic signing of 12th bps pact between our affiliates union and IBA we are witnessing the great event in the history of the banking fraternity post nationalisation
upon historic signing of 12th bps pact between our affiliates union and IBA we are witnessing the great event in the history of the banking fraternity post nationalisation Major demand were accepted:
3% load factor in basic
Increase in special da by 2.25%
Hike in LTC encashment by 25%
Uniform HRA code for all employees irrespective of scales
Increase in medicine allowance for employees
RFA/Leased accomodation to be revised at par with central government employees
5 day banking to be implemented within 6 months as mandated by IBA
LFC encashment to be provided once in every 1.5 years
Special incidental allowance to be introduced which will be 1% of da
Uniform allowance to all officers as well as award staffs once in every year
Post study scholarship for employees for persuing higher study
News paper allowance to be increased by 50% per quarter
Special allowance for refreshments to be provided to officers at 2% of basic in payslip
Retiree pension to be updated who retired after 2004
IBA agreed on these and we both signed and in the process of reconciliation
We will update you about residual issues pertaining to pensioner demand
Some more points to be agreed and signed by IBA.
Regards
Convener AIU
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