Feature Post

UFBU Calls Off Nationwide Bank Strike on 24th and 25th Mar 2025 After Assurances from Finance Ministry and IBA

I n a significant development on March 21, 2025, the United Forum of Bank Unions (UFBU) has decided to call off their two-day nationwide strike, which was originally planned for March 24 and 25. This decision was made after the UFBU received positive reassurances from both the Finance Ministry and the Indian Banks’ Association (IBA) regarding their key demands. The banking unions, under the umbrella body of UFBU, represent employees from nine major unions across the country, including AIBEA, AIBOC, NCBE, AIBOA, and BEFI. The unions had earlier called for the nationwide strike to protest against several ongoing issues that they believe impact the welfare and job security of bank employees. Key Issues Behind the Proposed Strike The strike was initially called by UFBU to address a range of pressing concerns, some of which have been lingering for years. The union's main demands included: Five-Day Workweek for Bank Employees:  One of the most anticipated demands was the implementation o...
0

Salary Hike of PSU Bank Employees on New Wage Revision 2015

Now Bank employees will get salary hike on settlement of wage revision. Finally, agreement has been done on 25th May 2015 through discussion, debate in several rounds of meeting between Bank Union and IBA. Several times Union warned for bank strike and sometimes they did and sometimes
they withdraw.

Revision will be applicable from 01 November 2012 as 10th bipartite settlement was due from this date.

Several sources said that hike will be of 15 %. In this settlement, a new pay head 'special pay' has been introduced to meet 15 % of hike that will incur DA also.

New Scale for PSU Banking Employees

Scale 1-   23700 - 980(7) - 30560 - 1145(2) - 32850 - 1310(7) - 42020
Scale 2-   31705 - 1145(1) - 32850 - 1310(10) - 45950
Scale 3-   42020-  1310(5) - 48570 - 1460(2) - 51490
Scale 4-   50030-  1460(4) - 55870 - 1650(2) - 59170
Scale 5-   59170-  1650(2) - 62470 - 1800(2) - 66070
Scale 6-   68680-  1960(4) - 76520
Scale 7-   76520-  2120(4) - 85000



Comments

Post a Comment