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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

Today's Bipartite upďate

*Today is a historic day in banking industry. The 9th joint note has been signed with 17%increase in payslip cost and the most important the five days clause.*
*It is historic from many parameters.*

 *First, we had not gone for a single day strike.*

*Secondly, it is signed just 16months completion of due date.*

*Thirdly, percentage of increase in payslip cost is highest if you compare the previous settlements.* 

*Fourthly, ex- gratia for pensioners.*

*Fifthly Transfer allowance : 40k*

*sixthly Special Allowance scale 1  - 26.5% Scale 2&3 - 28.3%*

*seventhly, For CAIIB - Additional increment*

*Eightly Hra - 1% Increase.*

*Lastly, inclusion of five day banking in the main clause of joint note which will be implemented within 180days after clearance from government.*

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