Banker Kumar

Friday, July 31, 2020

11th BPS July 31, 2020

Dr. S. Jagathrakshakan, Honorable MP (Lok Sabha) raised Bankers Demand with FM w.r.t. 11th BPS

Honorable Member of Parliament (Lok Sabha) Dr. S. Jagathrakshakan today raised the demand of Bankers with Finance Minister through his letter dated 31.07.2020

Banker Kumar 0

DA July 31, 2020

Dearness Allowance (DA) from August 2020 to October 2020 @77.50%

Dearness Allowance is paid to an employee as a percentage of his basic salary. In order to mitigate the effect of inflation DA is paid as a part of salary.

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NEW DA & BASIC July 31, 2020

New DA and expected Basic Pay Scale after 11th BPS

Ready Chart of DA for 11^th BPS upto July 2020

Quarter	Average CPI for the Quarter	Difference over 6352	Difference divided by 4	No of slabs	DA@ 0.07%
Nov 2017 to Jan 2018	6505	153	38.25	38	2.66
Feb 2018 to Apr 2018	6551	199	49.75	49	3.43
May 2018 to Jul 2018	6559	207	51.75	51	3.57
Aug 2018 to Oct 2018	6604	252	63	63	4.41
Nov 2018 to Jan 2019	6871	519	129.75	129	9.03
Feb 2019 to Apr 2019	6885	533	133.25	133	9.31
May 2019 to Jul 2019	7023	671	167.75	167	11.69
Aug 2019 to Oct 2019	7167.33	815.33	203.83	203	14.21
Nov 2019 to Jan 2020	7311	959	239.75	239	16.73
Feb 2020 to Apr 2020	7479.29	1127.29	281.82	281	19.67
May 2020 to Jul 2020	7486.90	1134.90	283.73	283	19.81

New expected Basic Pay Scale of Officer, Clerk and Sub-Staff with yearly increment

References and Credits: This document is prepared by MR. SUDHIR MULHERKAR, Ex-Sr. Mgr (I.T.), Bank of India, HO

Banker Kumar 0

Thursday, July 30, 2020

NEW DA & BASIC July 30, 2020

Explained: DA Merger and Loading of 2.50 Percent

Dear Friends,

Finally on 22^nd July 2020 MOU was signed between IBA and UFBU for 11^th BPS and certain issues like DA merger (@ CPI 6352), Basic Pay loading (2.5%) are finalized.

Banker Kumar 0

Sunday, July 26, 2020

11th BPS July 26, 2020

How the 11th BPS MOU conducted in MOST UNDEMOCRATIC MANNER: Indian National Bank Employees Federation

Indian National Bank Employees' Federation on 23.07.2020 issued one circular number INDEF/GS/SSS/2020/40 dated 23rd July 2020. In this circular they have mentioned the how the proceeding and develompents has taken place in the Bi-partite

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Thursday, July 23, 2020

11th BPS July 23, 2020

UFBU Circular on 11th BPS MOU signed on 22.07.2020

Uunited Forum of Bank Unions (UFBU) has issued a Circular on 23.07.2020 wherein it has informed the content of 11 BPS MOU which was signed on 22.07.2020 between bank union/association and IBA. There are many issues still open for discussion including 5 days week. UFBU has promised to finalize the settlement as early as possible. We reproduce the circular of AIBOC which already contain the circular issued by UFBU

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Wednesday, July 22, 2020

11th BPS July 22, 2020

11th Bipartite Settlement MOU Signed in Todays Meeting on 22.07.2020

11th Bipartite Settlement has been finalized in today's meeting (on 22.07.2020) and MOU in this regard has been signed.Minutes of the meeting has been released late evening. Final Joint Note/Bipartite Settlement Document will be finalized within 90 days from the date of issue of this minutes

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Sunday, July 19, 2020

SAVE PSU:SAVE BHARAT July 19, 2020

51st Banks Nationalization Day : 19th July 2020 'SAVE PSUs: SAVE BHARAT'

19^th July 1969 is the Nationalization Day of Banks in India. Today is the 51^st Bank Nationalization Day! On this occasion we salute THE BANKER, the unsung CORONA WARRIOR for their selfless service in the most difficult time of COVID-19 Pandemic.

Banker Kumar 0

Monday, July 13, 2020

IBA Meeting July 13, 2020

11th Bipartite Settlement Meeting on 22.07.2020

Latest wage negotiation committee meeting has been scheduled with Union/Association on Wednesday, 22.07.2020 at Mumbai. The 11th Bipartite Settlement is already due since 01.11.2017 and it has already been about 1000 days since the salary revision of Banker's is pending.

Banker Kumar 0

Thursday, July 9, 2020

DFS Order July 09, 2020

DFS order to Safeguard Bankers

Department of Financial Services, Ministry of Finance, Government of India has issued guidelines to ensure the safeguard of Bankers from unruly and threatening behavior . This is a welcome step of DFS looking at the incident happened with a lady banker in Surat

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Wednesday, July 1, 2020

Interest Rate July 01, 2020

Latest Interest Rate in Small Saving Schemes

Update: 01.07.2020

Interest rate in small saving schemes remain unchanged for Q2 2020 i.e. from 01.07.2020 to 30.09.202. All the below mentioned schemes will continue to earn the interest rate as mentioned in below table

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Recent Posts

Friday, July 31, 2020

Dr. S. Jagathrakshakan, Honorable MP (Lok Sabha) raised Bankers Demand with FM w.r.t. 11th BPS

Dearness Allowance (DA) from August 2020 to October 2020 @77.50%

New DA and expected Basic Pay Scale after 11th BPS

Thursday, July 30, 2020

Explained: DA Merger and Loading of 2.50 Percent

Sunday, July 26, 2020

How the 11th BPS MOU conducted in MOST UNDEMOCRATIC MANNER: Indian National Bank Employees Federation

Thursday, July 23, 2020

UFBU Circular on 11th BPS MOU signed on 22.07.2020

Wednesday, July 22, 2020

11th Bipartite Settlement MOU Signed in Todays Meeting on 22.07.2020

Sunday, July 19, 2020

51st Banks Nationalization Day : 19th July 2020 'SAVE PSUs: SAVE BHARAT'

Monday, July 13, 2020

11th Bipartite Settlement Meeting on 22.07.2020

Thursday, July 9, 2020

DFS order to Safeguard Bankers

Wednesday, July 1, 2020

Latest Interest Rate in Small Saving Schemes

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