“Our attention has been drawn to the instructions given by IBA to the member Banks dated
4-3-2010 wherein the Banks have been advised to seek approval of their Board for:
1) Implementing the New Pension Scheme and
2) Incorporating a clause in the appointment orders of the new recruits / appointees from 1-4-2010 intimating them that they would be governed by a New Pension Scheme.
You will appreciate that the MOU dated 27-11-2009 is yet to be formalized into a full-fledged Settlement where after only the Boards of the respective Banks can adopt the New pension Scheme. When the Settlement has not been signed, it is pre-mature for the Banks to adopt any decision for introduction of the New Pension Scheme. Hence we do not agree that the Banks may now adopt any decision for introduction of the NPS before signing of the Settlement between IBA and unions.
However, since the new recruits from 1-4-2010 would not be covered by PF and existing pension scheme and would be covered by the NPS as agreed in the MOU, it would be sufficient and adequate if the Banks are advised to incorporate a clause in the appointment letters of those being appointed from 1-4-2010 to the effect that they would be governed by a New Pension Scheme being introduced in the Banks w.e.f. 1-4-2010."
We request you to send revised instructions to the Banks as above.
Thanking you,
Yours Faithfully,
Sd..
C.H.VENKATACHALAM
GENERAL SECRETARY
31 March 2010
IBA-UFBU meeting today (31-03-2010)
In IBA-UFBU meeting today (31-03-2010),
pension cost and PF-Pension balancing issue have been sorted out.
Next meeting with IBA on 3rd April. 2010.Things are moving towards conclusion!!
pension cost and PF-Pension balancing issue have been sorted out.
Next meeting with IBA on 3rd April. 2010.Things are moving towards conclusion!!
30 March 2010
Draft settlement
MEMORANDUM OF SETTLEMENT dated _______between the Managements of 43 Banks as represented by the Indian Banks’ Association and their workmen as represented by the All India Bank Employees’ Association, National Confederation of Bank Employees, Bank Employees’ Federation of India, Indian National Bank Employees’ Federation and National Organisation of Bank Workers.
Under Section 2(p) and Section 18(1) of the Industrial Disputes Act, 1947 read with Rule 58 of the Industrial Disputes (Central) Rules, 1957]
SHORT RECITAL OF THE CASE
(A) The Indian Banks’ Association (IBA) on behalf of its member banks named in the Schedule I hereto, signed a settlement dated 2nd June 2005 with the All India Bank Employees’ Association (AIBEA), National Confederation of Bank Employees (NCBE), Bank Employees’ Federation of India (BEFI), Indian National Bank Employees’ Federation (INBEF) and National Organisation of Bank Workers (NOBW) representing the workmen employees of the Banks mentioned in the said Schedule I, inter alia regarding various terms and conditions of their service. The Settlement dated 2nd June 2005 was operational for a period of 5 years from 1st November 2007.
(B) The AIBEA, NCBE, BEFI, INBEF and NOBW (hereafter jointly called the Unions) submitted their Charter of Demands dated 29th October 2007 for revision in wages and other service conditions of workmen to IBA and requested for negotiations on the same, with a view to arriving at an amicable settlement.
(C) Simultaneously, IBA also raised with the Unions, issues on behalf of the managements of banks concerned, to be discussed and settled with a view to improving efficiency of operations in banks.
(D) The parties initially agreed after negotiations that the total quantum of wage increase arising out of a Settlement to be signed in this regard shall be Rs.2,577 crores per annum including the cost of superannuation benefits and accordingly signed and exchanged minutes on 27th November 2009 at Mumbai. It is agreed that for the purpose of this settlement, the additional cost of pension over and above 10% of pay be shared equally shared between the parties and the share of employees so calculated be deducted from the agreed wage increase while revising salary and allowances.
(E) The IBA and the Unions entered into a Memorandum of Understanding on 25th February 2008 on various issues. Extending another option for pensio to those who did not opt for pension when Bank Employees’ Pension Regulations, 1995 were implemented was one of the issues to be considered. After several round of discussions and valuing the liability through an actuarial calculation, it is agreed to extend another option to join the pension scheme to those who did not opt for pension when Bank Employees’ Pension Regulations, 1995 were implemented on the terms and conditions agreed and incorporated in the Settlement dated _________ signed between the parties.
(F) The parties negotiated the aforesaid demands and issues and have reached an agreement as set out herein under in full satisfaction of their demands.
(G) The agreement reached as aforesaid shall amend, modify and supersede the relevant provisions of the Awards and Settlements wherever referred to in this Settlement.
NOW, IT IS HEREBY AGREED AND DECLARED by and between the parties hereto as under:-
TERMS OF THE SETTLEMENT
GENERAL
1. In respect of 50 Banks listed in Schedule 1 to this Memorandum of Settlement, except the State Bank of India, Indian Overseas Bank and Bank of Baroda, the provisions of the Sastry Award as finally modified and enacted by the Industrial Disputes (Banking Companies) Decision Act, 1955, the Industrial Disputes (Banking Companies) Decision Amendment Act, 1957 and the provisions of the Award of the National Industrial Tribunal presided over by Mr. Justice K T Desai in Reference No.1 of 1960 which Award inter alia modifies certain provisions of the Sastry Award (hereinafter referred to as the Awards) as modified by the settlements dated 19th October, 1966, 12th October, 1970, 23rd July, 1971, 8th November, 1973, 1st August, 1979, 31st October, 1979, 21st April, 1980, 8th September, 1983, 17th September, 1984, 5th January, 1987, 10th April, 1989, 29th June, 1990, 16th July, 1991, 29th October, 1993, 14th February, 1995, 14th December, 1996, 28th November, 1997, 27th March 2000, 10th April 2002 and 2nd June 2005 shall continue to govern the service conditions except to the extent the same are modified by this settlement.
2. (i) In respect of State Bank of India, the provisions of the Awards as modified by the Settlements dated 31st March, 1967, 24th February, 1970, 15th September, 1970, 1st August, 1979, 31st October, 1979, 21st April, 1980, 8th September, 1983, 17th September, 1984, 5th January, 1987, 10th April, 1989, 29th June, 1990, 16th July, 1991, 29th October, 1993, 14th February, 1995, 14th December, 1996, 28th November, 1997, 27th March 2000, 10th April 2002, 22nd July 2003 and 2nd June 2005 shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
(ii) In respect of Bank of Baroda, the provisions of the Awards as further modified by the Settlements dated 23rd December, 1966, 19th December, 1970, 1st August, 1979, 31st October, 1979, 21st April, 1980, 8th September, 1983, 17th September, 1984, 5th January, 1987, 10th April, 1989, 29th June, 1990, 16th July, 1991, 29th October, 1993, 14th February, 1995, 14th December, 1996, 28th November, 1997, 27th March 2000, 10th April 2002 and 2nd June 2005 shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
(iii) In respect of Indian Overseas Bank, the provisions of the Awards as further modified by the Settlements dated 14th December, 1966, 17th December, 1970, 29th July, 1972, 23rd March, 1973, 1st August, 1979, 31st October, 1979, 21st April, 1980, 8th September, 1983, 17th September, 1984, 5th January, 1987, 10th April, 1989, 29th June, 1990, 16th July, 1991, 29th October, 1993, 14th February, 1995, 14th December, 1996, 28th November, 1997, 27th March 2000, 10th April 2002 and 2nd June 2005 shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
(iv) In respect of State Bank of India, Bank of Baroda and Indian Overseas Bank, Settlements referred to in Clauses 2(i), (ii), (iii) and (iv) above refer to settlements entered into between State Bank of India, Bank of Baroda and Indian Overseas Bank with the All India State Bank of India Staff Federation, All India Bank of Baroda Employees’ Federation and the All India Overseas Bank Employees’ Union, respectively, representing the workmen of those banks (hereinafter referred to as the said separate settlements).
3. (i) The provisions of the said Awards, the First Bipartite Settlement dated 19th October, 1966 and/or other subsequent settlement(s) including the above mentioned separate settlements hereinafter collectively referred to as said settlements shall stand modified or superseded to the extent and in the manner detailed hereunder.
(ii) Provisions in the aforesaid Awards/Settlements which have not been amended/modified or superseded by this Settlement shall continue to remain in force.
4. Scales of Pay
In supersession of Clause 4 of Bipartite Settlement dated 2nd June 2005, with effect from 1st November, 2007 the scales of pay shall be as under:-
Clerical Staff
6200 400 7400 500 8900 600 11300 700
3 3 4 7
16200 1300 17500 800
1 1
Subordinate Staff
5500 200 6300 250 7550 300 8750 350
4 5 4 3
9800
400
3
5. Dearness Allowance
In substitution of Clause 7 of Bipartite Settlement dated 2nd June 2005 with effect from 1st November 2007, the dearness allowance shall be payable as per the following rates:-
(i) Subordinate Staff
0.15% of ‘pay’
(ii) Clerical Staff
0.15% of ‘pay’
Note:
Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 2836 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100.
(a) It is clarified that there shall be no ceiling on Dearness Allowance.
(b) Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff.
(c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.
8. City Compensatory Allowance
Clause 8 of the Bipartite Settlement dated 2nd June 2005 stands superceded and accordingly no City Compensatory Allowance shall be payable w.e.f. 1st November 2007.
9. House Rent Allowance
In substitution of Clause 9 of the Bipartite Settlement dated 2nd June 2005 with effect from 1st November, 2007 the House Rent Allowance payable shall be as under:
Area Rate as percentage of Pay
[No Minimum/ No Maximum]
(i) Places with population of more than 45 lakhs 9
(ii) Places with population of more than 12 lakhs and State Capitals and Capitals of Union Territories included in (i) above. 8
(iii) Places not covered in (i) and (ii) above. 6.50
Note:
(1) Where quarters are provided, HRA shall not be payable and the rent to be recovered shall be 1% of the first stage of the Scales of Pay.
(2) All other existing provisions relating to House Rent Allowance shall remain unchanged.
10. Transport Allowance
In partial modification of Clause 10 of the Bipartite Settlement dated 2nd June 2005, Transport Allowance shall be paid @Rs.200/- per month with effect from 1st November, 2007.
Note:
(i) All permanent part time employees including those on probation and drawing scale wages shall be paid transport allowance on pro rata basis.
(ii) This provision by itself will not preclude the payment of any existing allowance of this nature paid as a result of Government guidelines/bank level settlements.
11. Special Pay
(1) (i) In supersession of Clause 11 of the Bipartite Settlement dated 2nd June 2005, with effect from 1st November 2007 and upto 30th April 2010, the Special Pay payable to the clerical staff and subordinate staff in banks other than State Bank of India shall be as mentioned under Part-A in Schedule II to this Settlement.
(ii) The duties and responsibilities as improved or retained as they are and attracting Special Pay in banks other than State Bank of India shall be as set out in Schedule III and shall be in partial modification of Schedule III to the Bipartite Settlements dated 17th September 1984, 14th February 1995 and 2nd June 2005.
(iii) Posts attracting Special Pay as listed in Schedule II (Part A) of this Settlement and which do not find a mention in Part B of Schedule II to this Settlement shall stand discontinued. With effect from 1st May 2010, there shall be only three categories of special pay payable to clerical staff w.e.f. 1st May 2010, viz. Special Assistant, Head Cashier – Category II and Single Window Operator ‘B’. The allowance payable to them w.e.f. 1st May 2010 shall be given as mentioned in Part B of Schedule II of this Settlement. Duties which require special skill such as Stenographers etc. shall be assigned to those who possess the required skills.
The Basic Pay of all clerical staff members will be increased by Rs.1000/- p.m. w.e.f. 1st May 2010. All clerical staff members will be liable to perform the duties of Single Window Operator ‘A’ as mentioned in Schedule III of this Settlement in addition to the normal clerical duties as and when required, including those duties which attracted payment of Special Pay hitherto.
(iv) There shall be only 8 types of Special Pay in Subordinate Staff cadre w.e.f. 1st May 2010, viz. Armed Guard, Bill Collector, Daftary, Head Peon, Head Messenger in IOB, Electrician, A/C Plant Operator and Driver. The allowance payable to them w.e.f. 1st May 2010 shall be given as mentioned in Part B of Schedule II of this Settlement. Duties which require special skill such as liftman shall be assigned to those who possess the required skills.
The Basic Pay of all subordinate staff will be increased by Rs.350/- p.m. w.e.f. 1st May 2010. All subordinate staff members will be liable to perform all those duties which attracted payments of special pay hitherto, in addition to the normal duties of subordinate staff .
(v) In all other aspects, the general rules and provisions contained in Chapter V of the Bipartite Settlement dated 19th October 1966 relating to special pay carrying posts, as modified from time-to-time, shall continue to apply.
(vi) Graduation Pay and Professional Qualification Pay payable to the clerical staff in banks shall be as mentioned in Part ‘C’ of Schedule II to this Settlement.
(vii) The special pay, graduation pay and professional qualification pay as mentioned in Schedule II shall rank for superannuation benefits.
(viii) The rates of Special Pay and the duties of Special Pay carrying posts for workmen staff in State Bank of India may be reviewed and settled at the bank level.
(2) In partial modification of Part II of clause 23 of the Bipartite Settlement dated 12th October 1970, a member of the non-subordinate cadre acquiring a Graduate/National Diploma in Commerce or a JAIIB/CAIIB (either or both parts) qualification/s at a time when he/she does not have the requisite number of increments in the scale to be earned as advance increments shall in the first instance be released increments for such qualification/s acquired to the extent available in the scale and in lieu of the remaining increments(s) not available for being so released as advance increments be granted / released the first installment of Graduation Pay or PQP, as the case may be. Release of subsequent installments of Graduation Pay or PQP shall be with reference to the date of release of Graduation Pay or PQP under this clause.
Provided that in the case of an employee acquiring such qualifications after reaching the maximum of the scale of pay, he shall be granted from the date of acquiring such qualification the first installment of Graduation Pay or PQP, as the case may be and the release of subsequent installments of Graduation Pay or PQP shall be with reference to the date of release of Graduation Pay or PQP under this clause.
Provided further that in a case where the employee as on the date of this settlement, has already acquired any of the said qualifications and has not earned any increment or Graduation Pay / Professional Qualification Pay on account of acquiring such qualification, he may be, with effect from 1st November 2007 or the date of acquiring any of the said qualifications, whichever is later, released increment/s or Graduation Pay / PQP as provided herein above.
12. Hill and Fuel Allowance
In partial modification of Clause 12 of the Bipartite Settlement dated 2nd June 2005, the Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November 2007:
a. At places situated at a height of 3000 metres and above 8% of pay
(Max. Rs.1295/-p.m.)
b. At places situated at a height of and over 1500 metres but below 3000 metres 4% of pay
(Max. Rs.510/-p.m.)
c. At places situated at a height of over 1000 metres but less than 1500 metres and Mercara Town 3% of pay
(Max. Rs.410/-p.m.)
Note: All other existing provisions shall remain unchanged.
13. Fixed Personal Pay
In supersession of Clause 13 of the Bipartite Settlement dated 2nd June 2005, the Fixed Personal Pay shall be revised with effect from 1st November 2007 as per Schedule IV.
14. Payment of Overtime Allowance
The overtime allowance paid to the employees for the overtime work performed uptil the date of this settlement shall not be recalculated on account of this Settlement.
15. Provident Fund
There shall be no Provident Fund to employees joining the services of banks on or after 1st April 2010. They shall be covered by a Defined Contributory Retirement Benefit Scheme, where the employee will contribute 10% of Pay plus Dearness Allowance and the bank will make a matching contribution. The Scheme shall be governed by the provisions of the Contributory Pension Scheme introduced for employees of Central Government w.e.f. 1st January 2004.
16. Pension (in Banks other than State Bank of India)
It is agreed between the parties that the terms of the Bank Employees’ Pension Regulations, 1995 shall not apply to the employees who join the services of Banks on or after 1st April 2010; and they shall be covered by a Defined Contributory Retirement Benefit Scheme, which shall be governed by the provision of the Contributory Pension Scheme introduced for employees fo the Central Government w.e.f. 1st January 2004. Necessary amendments to the relevant provisions of the Bank Employees’ Pension Regulations, 1995 shall be carried out following the procedure in this regard.
Further to Clause 6 of the Bipartite Settlement dated 2nd June 2005, it is agreed between the parties as under:
(i) With effect from 1st May 2005, the pension of employees who retired or died while in service during the period 1st April 1998 to 31st October 2002 will be re-fixed based on the definition of ‘Pay’ as defined in Clause 6(ii) of the Bipartite Settlement dated 27th March 2000. No arrears of pension and commuted value of pension will be payable on account of such re-fixing of pension.
(ii) With effect from 1st May 2005, the pension of employees who retired or died while in service during the period 1st November 2002 to 30th April 2005 will be re-fixed based on the definition of ‘Pay’ as defined in Clause 6 of the Bipartite Settlement dated 2nd June 2005. No arrears of pension or commuted value of pension will be payable on account of such re-fixation of pension.
Further to Clause 7(2) of the Bipartite Settlement dated 2nd June 2005, it is agreed between the parties as under:
(i) Those employees who retired or died while in service during the period 1.04.1998 to 31.10.2002, Dearness Relief on Basic Pension or Family Pension or invalid pension or compassionate allowance shall be paid as under for the period 1.04.1998 to 30.04.2005:
Basic Pension or Family Pension or invalid pension or compassionate allowance per month The rate of Dearness Relief payable as a percentage of Basic Pension or Family Pension or invalid pension or compassionate allowance
(i) Upto Rs. 3550 0.24 percent
(ii) Rs.3551 to Rs.5650 0.24% +
0.20% of pension exceeding Rs. 3550
(iii) Rs.5651 to Rs.6010 0.24% +
0.20% of pension exceeding Rs. 3550 – Rs.5650 +
0.12% of pension exceeding Rs.5650
(iv) Above Rs.6010 0.24% +
0.20% of pension exceeding Rs. 3550 – Rs.5650 +
0.12% of pension exceeding Rs.5650 – Rs. 6010 +
0.06% of pension exceeding Rs. 6010
With effect from 1.05.2005, the Dearness Relief payable shall be @ 0.18 percent of the basic pension or family pension or invalid pension or compassionate allowance as the case may be.
(ii) In respect of employees who retired or died while in service on or after 1.05.2005 Dearness Relief shall be payable at 0.18% of the basic pension or family pension or invalid pension or compassionate allowance as the case may be. Dearness Relief in the above manner shall be paid for every rise or fall of 4 points over 2288 points in the quarterly average of the All India Average Consumer Price Index for industrial workers in the series 1960 = 100.
Note:
The Dearness Relief as above shall be payable for the half year commencing from the 1st day of February and ending with 31st day of July on the quarterly average of index figures published for the months October, November and December of the previous year and for the half year commencing from 1st day of August and ending with the 31st day of January on the quarterly average of the index figures published for the months of April, May and June of the same year.
17. Medical Aid
In substitution of Clause 17 of the Bipartite Settlement dated 2nd June 2005, with effect from 1st November 2007, the reimbursement of medical expenses under medical aid scheme shall be restricted to an amount of Rs.2,000/- per annum.
For the year 2007, the reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i.e. November and December 2007.
18. Definition of ‘Family’:
The term wholly dependent child/parent shall mean such member of the family having a monthly income not exceeding Rs.2,550/- p.m. [b1]income ceiling for treating as wholly dependent.
19. Hospitalisation
In substitution of Clause 20 of the Bipartite Settlement dated 2nd June 2005, with effect from the date of this Settlement, the reimbursement of hospitalisation expenses shall be as detailed in Schedule V to this Settlement.
20. Part-Time Employees
a) In substitution of Clause 21 of the Bipartite Settlement dated 2nd June 2005, with effect from 1st November 2007, Part-Time employees who are members of the subordinate staff and whose normal working hours per week are as given below shall be paid consolidated wages as under:
a. Upto 3 hours : at bank’s discretion with a minimum of Rs.1,030/- p.m.
b. More than 3 hours but less than 6 hours : at bank’s discretion with minimum of Rs.1,440/- p.m.
21. Compensation for losses due to breakage
or damage to goods on Transfer
In supersession of Clause 22 of Bipartite Settlement dated 2nd June 2005, with effect from 1st May 2010, compensation on transfer, shall be as under:-
a. Where an employee produces receipts or a statement of loss in respect of breakages subject to a maximum of :
Clerical Staff : Rs.1,120/-
Subordinate Staff : Rs.745/-
b. Where no receipts/statement of loss are produced, a lumpsum payment of:
Clerical Staff : Rs.745/-
Subordinate Staff : Rs.560/-
22. Halting Allowance
In modification of clause 23 of the Bipartite Settlement dated 2nd June 2005, with effect from 1st May 2010, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters:
Higher CCA Centes Lower CCA Centres Non CCA Centres
Clerical Staff Rs.500/- per diem Rs.375/- per diem Rs.300/- per diem
Subordinate Staff Rs.375/- per diem Rs.250/- per diem Rs.185/- per diem
23. Washing Allowance
In supersession of Clause 24 of Bipartite Settlement dated 2nd June 2005, washing allowance shall be payable at Rs.100/- p.m., where the washing of livery is not arranged by the bank.
24. Cycle Allowance
In supersession of clause 25 of Bipartite Settlement dated 2nd June 2005, w.e.f. 1st November 2007, cycle allowance is payable to the members of the subordinate staff who are required to use a cycle on regular assignment for outdoor duties at Rs.75/- p.m. at all centers.
Cycle allowance would not be paid to a workmen member of the subordinate staff entitled to the allowance for the period of leave where such leave exceeds 30 days.
25. Split Duty Allowance
In partial modification of Clause 26 of the Bipartite Settlement dated 2nd June 2005, w.e.f. 1st November 2007, Split Duty Allowance shall be payable at all centers at Rs.125/- p.m.
26. Project Area Compensatory Allowance
In partial modification of Clause 27 of the Bipartite Settlement dated 2nd June 2005, w.e.f. 1st November 2007, workmen in project areas shall be paid a project area compensatory allowance as under :
(i) Project Area Group ‘A’
Clerical Staff – Rs.205/-p.m.
Sub-Staff - Rs.180/- p.m.
(ii) Project Area Group ‘B’
Clerical Staff – Rs.180/- p.m.
Sub-Staff - Rs.150/- p.m.
27. Special Area Allowance
In supersession of all earlier provisions relating to Special Area Allowance, w.e.f. 1st November 2007, Special Area Allowance shall be payable at places specified in column 2 of the Schedule VI hereto, as per the quantum indicated in column 3 thereof against each such place subject to the condition that if at any of the place mentioned in column 2 of 27th March 2000 hereto, Hill and Fuel Allowance is payable in terms of this Settlement, then at such places only higher of the two allowances shall be payable.
28. Reimbursement of expenses on Road Travel
In substitution of Clause 30 of Bipartite Settlement dated 2nd June 2005 w.e.f. the date of this Settlement, where an employee has to travel on duty / LFC between two places not connected or partially connected by rail or steamer, he shall be reimbursed actual road mileage cost or at Rs.3/- per k.m., whichever is less.
29. Outsourcing
In view of the fact that Indian Banks have changed their business processes almost completely by extensive use of technology, almost all banks are presently under Core Banking Solutions and new products are being introduced by banks as compared to conventional banking products, they need to concentrate on their core business activity and outsource others to agencies who can perform the same more effectively with cost efficiency due to the expertise and economy of scale they possess.
The issue was discussed in detail and it is hereby agreed between the parties as follows:
Though it may not be possible to list out extensively all core functions on illustrative list of core functions, based on RBI guidelines in this regard agreed to are as under:
Core Functions
• All Management functions
• Internal Audit
• Compliance functions
• Decision-making functions such as –
- Determining and compliance of KYC norms for opening accounts
- Management of Investment Portfolio
- Sanctioning of all types of loan/advances and other facilities to clients.
The banks may subject to the outsourcing policy approved by their Boards, outsource non-core activities complying with such terms as may be stipulated by the Reserve Bank of India in this regard. An illustrative list of functions that can be outsourced are as under:-
• Concurrent/Risk based Audit/Information system, audit of overseas branch and International Banking Division.
• Concurrent/Revenue/Income Audit, Systems Audit of critical installation.
• Development of software packages/CBS/Internet Banking/ Management and Monitoring of WAN.
• Central Pension and preparation of scrolls.
• Back Office functions/Data Entry Work/Maintenance of Data-base.
• Engagement of Banking/Business Correspondents/ Facilitators for financial inclusion
• Retail Product Selling.
• Recruitment/Promotion Processes.
• Drivers/Electricians/Plumbers/Lift Operators.
• Security Services.
• ATM Card Management/Cash Replenishment/ Cash Vaulting Facility/ FTS (Financial Transaction Switch) operators
• Guarding ATMs.
• First-line Maintenance of ATM Centres.
• Credit Card Application Processing.
• House-keeping/Cleaning/Maintenance.
• Catering and Canteen.
• Due Diligence/Legal Opinion.
• Courier Services.
• Recovery.
• Call Centre Management.
It should be ensured that outsourcing of non-core activities will not result in job loss to the existing workforce. The bank may utilize the services of the staff rendered surplus, if any, in the core activities where banks need more employees for effective performance of the job.
30. Date of Effect and Operation
i. This Settlement shall be binding on the parties for five years from 1st November 2007.
ii. The terms and conditions hereof shall continue to govern and bind the parties even thereafter until the Settlement is terminated by either party giving to the other a statutory notice as prescribed in law for the time being in force.
iii. The AIBEA, NCBE, BEFI, INBEF and NOBW (and BKSM) on behalf of the workmen agree that during the operation of this Settlement the workmen will not for any reason whatsoever, raise any demand of any nature whatsoever on any of the banks in respect of matters, monetary or otherwise, covered by this Memorandum of Settlement.
iv. Copies of the Memorandum of Settlement will be jointly forwarded by the parties to the authorities listed in Rule 58 of the Industrial Disputes (Central) Rules, 1957 so that terms and conditions thereof are binding on the parties as provided in law.
31. Interpretation
If there is any difference of opinion regarding interpretation of any of the provision of this Settlement the matter will be taken up only at the level of the Indian Banks’ Association, the All India Bank Employees’ Association, the National Confederation of Bank Employees, the Bank Employees’ Federation of India, the Indian National Bank Employees Federation and the National Organisation of Bank Workers, (and BKSM) for discussion and settlement.
CC TO: 1. Assistant Labour Commissioner (Central)
2. Regional Labour Commissioner (Central)
3. Chief Labour Commissioner (Central), New Delhi
4. The Secretary to the Government of India,
Ministry of Labour, New Delhi.
________________________________________
SCHEDULE - I
LIST OF BANKS TO BIPARTITE SETTLEMENT
1. Allahabad Bank
2. Andhra Bank
3. Bank of Baroda
4. Bank of India
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce
13. Punjab & Sind Bank
14. Punjab National Bank
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. United Bank of India
19. Vijaya Bank
20. State Bank of India
21. State Bank of Bikaner & Jaipur
22. State Bank of Hyderabad
23. State Bank of Indore
24. State Bank of Mysore
25. State Bank of Patiala
26. State Bank of Travancore
27. Bank of Rajasthan Ltd.
28. The Dhanalakshmi Bank Ltd.
29. The Federal Bank Ltd.
30. ING Vysya Bank Ltd
31. The Jammu & Kashmir Bank Ltd.
32. The Karnataka Bank Ltd.
33. The Karur Vysya Bank Ltd.
34. The Lakshmi Vilas Bank Ltd.
35. The Nainital Bank Ltd.
36. The Ratnakar Bank Ltd.
37. The South Indian Bank Ltd.
38. Bank of America N.A.
39. The Bank of Tokyo-Mitsubishi UFJ, Ltd.
40. BNP Paribas
41. The Hongkong & Shanghai Banking Corporation Ltd.
42. Sonali Bank
43. Standard Chartered Bank
________________________________________
SCHEDULE - II
SPECIAL PAY
PART A
For Clerical Staff (upto 30.4.2010)
Sr.No. Post Amount of Special Pay (Rs.)
1. RelievingTelephone Operator 110
2. Telephone Operator 210
3. Audit Clerk - Category "A" 360
4. Audit Clerk - Category "B" 670
5. Comptist 420
6. Agricultural Assistant 510
7. Telex Operator 530
8. Punch Card Operator 580
9. Assistant Head Cashier Units of 4 clerks & below 450
10. Assistant Head Cashier Unit of 5 Clerk & above 650
11. Teller - Category A 690
12. Cashier in Charge of Cash in Pay Officers 690
13. Head Cashier - Cat. A - Units of 4 clerks & below 690
14. Head Cashier - Cat. A - Units of 5 clerks & above 910
15. Head Cashier - Cat. B - Units of 4 clerks & below 820
16. Head Cashier - Cat. B - Units of 5 clerks & above 1020
17. Encoder Operator 740
18. Data Entry Operator 860
19. Accounting Machine Operator 910
20. IBM/ICT Machine Operator 1020
21. Stenographer 1020
22. Head Clerk 1020
23. ALPM Operator 1060
24. Teller 1150
25. Head Cashier Category C 1150
26. Computer Operator - A 1250
27. Head Cashier Category I 1270
28. Computer Operator - B (with passing powers) 1500
29. Head Cashier Category II 1780
30. Special Assistant 2180
For Subordinate Staff (upto 30.4.2010)
Sr.No. Post Amount of Special Pay (Rs.)
1. Relieving Liftman 210
2. Cyclostyle Operator 280
3. Liftman 350
4. Cash Peon 350
5. Watchman 350
6. Armed Guard 590
7. Bill Collector 590
8. Daftary 690
9. Head Peon 800
10. Head Messenger in IOB 1350
11. Electrician 1600
12. A/C Plant Operator 1600
13. Driver 1800
SPECIAL PAY
PART B
For Clerical Staff (w.e.f. 1.5.2010)
Sr.No. Post Amount of Special Pay
(Rs.)
1. Head Cashier - II 780
2. Special Assistant 1180
3. Single Window Operator ‘B’ 500
For Subordinate Staff (w.e.f. 1.5.2010)
Sr.No. Post Amount of Special Pay
(Rs.)
1. Armed Guard 240
2. Bill Collector 240
3. Daftary 340
4. Head Peon 450
5. Electrician 1250
6. AC Plant Operator 1250
7. Driver 1450
8. Head Messenger in IOB 1000
PART C
GRADUATION PAY/ PROFESSIONAL QUALIFICATION PAY
For those workmen who hereafter reach or have already reached 20th stage of the scale and have got increments in consideration of educational qualification(s), Graduation Pay/ Professional Qualification Pay shall be payable as under:
1. Those who are graduates and/or NDC -
Rs.250/- p.m. after they complete 1 year
Rs.490/- p.m. after they complete 2 years
2. Those who have passed JAIIB or Part I of CAIB/CAIIB-
Rs.250/- p.m. after they complete 1 year
3. Those who have passed JAIIB and CAIIB or Both Parts of CAIB/CAIIB -
Rs.250/- p.m. after they complete 1 year
Rs.490/- p.m. after they complete 2 years
Rs.740/- p.m. after they complete 3 years
4. Those who are graduates/NDC and have passed JAIIB or Part I of CAIB/CAIIB -Rs.250/- p.m. after they complete 1 year
Rs.490/- p.m. after they complete 2 years
Rs.740/- p.m. after they complete 3 years
5. Those who are graduates/NDC and have passed JAIIB or Both Parts of CAIB/CAIIB -
Rs.250/- p.m. after they complete 1 year
Rs.490/- p.m. after they complete 2 years
Rs.740/- p.m. after they complete 3 years
Rs.990/- p.m. after they complete 4 years
Rs.1230/- p.m. after they complete 5 years.
Note: Refer to Clause 11(2) of this Settlement.
________________________________________
SCHEDULE - III
SPECIAL PAY DUTIES
The Special pay duties do not include the routine duties of the cadre (clerical / subordinate) which a workman has to normally perform; but merely refer to those special allowance duties which if performed in addition to the routine duties will entitle a workman to a special pay on the terms and conditions provided in Chapter V of the First Bipartite Settlement as modified.
For removal of doubts it is clarified that the workman entrusted with duties attracting special pay can be required to perform routine duties of his cadre and that the following duties shall inter alia form part of the normal duties of the clerical cadre and for performance of those duties no special pay shall be payable :
(i) Acknowledgements of inward mail received.
(ii) Receipt of cheques, drafts, dividend warrants, pay orders and other like instruments other than bills and giving acknowledgements in the counterfoil.
(iii) Delivery of cheque books subject to authorisation by competent authority.
(iv) Issue of cash receipts.
(v) Issue of E.S.I. stamps wherever applicable or may become applicable.
(vi) Recounting of currency notes by cash department staff.
(vii) Ensuring the proper contents in covers and envelopes including registered ones before dispatch.
DUTIES OF SPECIAL PAY CARRYING POSTS IN CLERICAL CADRE
1) Single Window Operator ‘A’
Single Window Operator ‘A’ will perform all duties and functions of clerical cadre, either online or manually, which does not involve any passing or supervisory function of an officer of the bank. He will, wherever and whenever required, function as a single window operator where he will also receive and pay cash.
In addition, their duties will include –
a. Passing and cash payment of all cheques/withdrawal forms/bankers’ cheques/gift cheques, etc. upto and including Rs.20,000/-
b. Passing independently clearing and transfer cheques, vouchers, etc. (whether credits or debits) upto and including Rs.25,000/-
c. Receipts of cash and issuance of pre-signed drafts / gift cheques / travellers’ cheques / pay orders / bank orders, etc. upto and including Rs.25,000/-
2) Single Window Operator ‘B’
Single Window Operator ‘B’ will perform all duties and functions of clerical cadre, either online or manually, which does not involve any passing or supervisory function of an officer of the bank. He will, wherever and whenever required, function as a single window operator where he will also receive and pay cash.
In addition, their duties will include–
a. Passing and cash payment of all chequest/withdrawal forms/bankers’ cheques/ gift cheques, etc. upto and including Rs.40,000/-.
b. Passing independently clearing and transfer cheques, vouchers etc. (whether credits or debits) upto and including Rs.50,000/-
c. Receipts of cash and issuance of pre-signed drafts/gift cheques/ travellers’cheques/pay orders/bank orders, etc. upto and including Rs.50,000/-.
3) Head Cashier II
Their duties involve :
1. Holding the bank’s cash, key and/or other valuables in safe custody jointly with an officer and being accountable for them and being responsible for the running of the cash department;
2. Opinion compilation;
3. Verification of vernacular signatures/endorsements;
4. Countersigning cheques and/or drafts (on selves or correspondents), payment orders, deposit receipts, etc.
5. Attending to Government Treasury work;
6. Discharging/endorsing bills, cheques etc;
7. Being in charge of clearing and godown departments, etc;
8. Passing independently clearing and transfer cheques, vouchers, etc. (whether credits or debits) upto and including Rs.1,00,000/- and cash, cheques and vouchers upto and including Rs.50,000/- They will also pass cash, cheques, vouchers etc. above Rs.50,000/- and clearing and transfer cheques, vouchers etc. above Rs.1,00,000/- jointly with another authorized person.
4) Special Assistants
Special Assistants will be accountable and responsible for running of the department/section under them and their duties will involve looking after and checking the work of other clerk or clerks and sub-staff and will include:
1) Passing independently, manually or online, cash instruments upto Rs.1,00,000/- and clearing and transfer cheques vouchers etc., (whether credits or debits) upto and including Rs.3,00,000/-. They shall also pass cash, cheques, vouchers etc. and above Rs.3,00,000/- jointly with another authorized person. Passing will include verification of signatures and scrutiny as to the correctness of endorsements on and other particulars of such instruments. There shall be no limits for verification of signatures, passing of authenticated credit vouchers/entries and for verifying authenticated vouchers in the ledges, books, computer printouts etc.
2) Accept, verify and post cash/transfer/clearing cheques and other instruments, as the case may be, in appropriate books of accounts/ledgers, either manually or online, and give due acknowledgements.
3) Signing vouchers, cheques, drafts, mail transfers, pay order, advices such as non payment advices, inter branch fate calling advices, bill schedules, demand notices, statements, certificates etc.
4) Checking all vouchers, advices, statements, cheques, drafts etc., bills and books of accounts including current savings and other ledgers, cash, postal and revenue stamps, franking machine balances, exchange, discount, brokerage calculations and initialing by way of authenticating them for accuracy/correctness;
5) Checking, manually or online; current, savings and other accounts;
6) Checking the coding and decoding of telegrams (excluding check symbols or ciphers);
7) Discharging, endorsing cheques, bills, etc.;
8) Perform, when required in a computerized set up, system control functions, either jointly with an officer or independently, upon specific authorization in this regard;
9) Briefly explain, the features of Bank’s various products and services to customers, to reply their queries and to refer interested customers to appropriate personnel;
10) Inspecting godown (only in banks where such work is already being done by workmen).
For the purpose of efficient and effective functioning of the section or department the special assistant shall ensure that all acts, things and steps necessary therefore are taken by himself or by the clerks placed under him and shall ensure that, wherever necessary;
a) Reminders are sent on time and followed up.
b) Pass sheets/books are filled up and issued promptly.
c) Deposits are renewed on due dates or reminders sent to the parties.
d) Standing instructions are complied with.
e) Bills are accepted and due dates diarised/advised and followed up.
f) Interest, commissions and service charges are collected.
g) Proceeds of bills are received or remitted promptly.
h) Confirmation of balance of accounts of the customers and its follow up.
i) All securities relating to the department/selection of which the special assistant is in charge are secured and/or kept in proper custody and properly handed to the authorised person at the close of the day.
j) Balances promptly taken, tallied and reported and followed up and also returns submitted.
k) Advices and/or duplicate advices/summaries are issued/responded promptly, whenever called for.
l) Checking the proper recording of entries and all relevant particulars in regard to accounts opened under due authorization.
Notes:-
(ii) In respect of the above special pay carrying posts in clerical cadre –
• Countersigning would mean signing in a manner whereby the primary responsibility for ensuring that all the formalities are complete rests with the other signatory.
• Checking/ verifying would mean verifying that the instrument/material checked is in order in all respects and also includes verification of signature irrespective of the amount of the instrument and authenticating the same on the instrument /material, initialing the relative entries in the respective books of accounts, manually and/or online.
• Passing includes verification of signatures and scrutiny as to the correctness of endorsement on and other particulars of such instruments. It will also include checking and authenticating the relative entries in the respective books of accounts/ ledgers/ computer sheets and/or online.
(ii) Henceforth, selection of staff for being entrusted with special pay carrying posts shall be on the basis of their suitability for the specialized function, norms for which shall be decided at the bank level.
________
DUTIES OF SPECIAL PAY CARRYING POSITIONS IN SUBORDINATE CADRE
POST DUTIES
Armed Guard Persons required to perform watch and ward duties i.e. to watch or look after the premises or department for the purposes of its safety, security and guard against attack or assault or infiltration and against removal of the bank’s property by any unauthorized persons AND/OR to watch and guard as above the movement of cash from one place to another whether inside or outside the Bank, for which purpose they are required by the bank to carry any of the following weapons:
i) Gun, Pistol or any other fire arm; or
ii) Dagger, sword, khukri or spear; or
iii)any other licensed weapon
Note: ‘Retainers’ Peons (other than watchmen) whose names are registered in the Bank’s licence as Retainers will, when they perform “Armed Guard” duties, be entitled to special pay for “Armed Guards” pro rata.
Daftary Their work involves :
1. Obtaining acceptance of bills of exchange, hundies etc., drawn on local parties or banks and / or collecting payments thereof.
2) Collecting payments for cheques or postal order etc., from banks or post office counters.
They may also be required to collect cash not exceeding Rs.5,000/- at a time against various instruments.
3) Simple binding of books and registers;
4) Press copying;
5) Filing independently letters and other papers in respect files as per indications marked thereon;
6) Assisting in issuing stationery;
7) Stacking under guidance old records in orderly manner and assisting in giving them out when required; and
8) Undertaking the whole process of sorting, arranging, numbering, tallying the total number or stitching the vouchers
Head Peon Persons required to assist in supervision of various matters pertaining to subordinate staff like:
i) Cleanliness of the office premises;
ii) Cleanliness of uniforms;
iii) Leave arrangements;
iv) Arrangements for safekeeping of keys; and
v) Distribution of duties amongst the subordinate staff
Air-Conditioning Plant Helper Semi skilled persons who under the supervision of the technician attend to routine maintenance of and minor repairs to air conditioning plants.
Electrician Their work involves carrying out semi-skilled electrical work like routine maintenance of electrical equipments, effecting minor repairs to electrical fixtures and appliances.
Drivers Persons required to drive, maintain and effect minor repairs (not requiring a technician’s skill) to motor cars, motor vans, station wagons, scooters, motor cycles or other motor vehicles.
Head Messenger in IOB
________________________________________
SCHEDULE - IV
FIXED PERSONAL PAY
Area of Posting Total FPP payable where bank’s accommodation
is not provided Total FPP payable where bank’s accommodation is provided Increment Component of FPP
(1) (2) (3) (4)
CLERICAL STAFF
(i) Places with population of more than 45 lakhs. 935 885 800
(ii) Places with population of more than 12 lakhs upto 45 lakhs and State Capitals and Capitals of Union Territories 935 875 800
(iii) Other places 935 865 800
SUBORDINATE STAFF
(i) Places with population of more than 45 lakhs. 470 440 400
(ii) Places with population of more than 12 lakhs upto 45 lakhs and State Capitals and Capitals of Union Territories 465 435 400
(iii) Places with population of 2 lakhs and over [other than (i) above] and State Capitals and Capitals of Union Territories 460 435 400
________________________________________
SCHEDULE FOR REIMBURSEMENT OF HOSPITALISATION EXPENSES
Under Section 2(p) and Section 18(1) of the Industrial Disputes Act, 1947 read with Rule 58 of the Industrial Disputes (Central) Rules, 1957]
SHORT RECITAL OF THE CASE
(A) The Indian Banks’ Association (IBA) on behalf of its member banks named in the Schedule I hereto, signed a settlement dated 2nd June 2005 with the All India Bank Employees’ Association (AIBEA), National Confederation of Bank Employees (NCBE), Bank Employees’ Federation of India (BEFI), Indian National Bank Employees’ Federation (INBEF) and National Organisation of Bank Workers (NOBW) representing the workmen employees of the Banks mentioned in the said Schedule I, inter alia regarding various terms and conditions of their service. The Settlement dated 2nd June 2005 was operational for a period of 5 years from 1st November 2007.
(B) The AIBEA, NCBE, BEFI, INBEF and NOBW (hereafter jointly called the Unions) submitted their Charter of Demands dated 29th October 2007 for revision in wages and other service conditions of workmen to IBA and requested for negotiations on the same, with a view to arriving at an amicable settlement.
(C) Simultaneously, IBA also raised with the Unions, issues on behalf of the managements of banks concerned, to be discussed and settled with a view to improving efficiency of operations in banks.
(D) The parties initially agreed after negotiations that the total quantum of wage increase arising out of a Settlement to be signed in this regard shall be Rs.2,577 crores per annum including the cost of superannuation benefits and accordingly signed and exchanged minutes on 27th November 2009 at Mumbai. It is agreed that for the purpose of this settlement, the additional cost of pension over and above 10% of pay be shared equally shared between the parties and the share of employees so calculated be deducted from the agreed wage increase while revising salary and allowances.
(E) The IBA and the Unions entered into a Memorandum of Understanding on 25th February 2008 on various issues. Extending another option for pensio to those who did not opt for pension when Bank Employees’ Pension Regulations, 1995 were implemented was one of the issues to be considered. After several round of discussions and valuing the liability through an actuarial calculation, it is agreed to extend another option to join the pension scheme to those who did not opt for pension when Bank Employees’ Pension Regulations, 1995 were implemented on the terms and conditions agreed and incorporated in the Settlement dated _________ signed between the parties.
(F) The parties negotiated the aforesaid demands and issues and have reached an agreement as set out herein under in full satisfaction of their demands.
(G) The agreement reached as aforesaid shall amend, modify and supersede the relevant provisions of the Awards and Settlements wherever referred to in this Settlement.
NOW, IT IS HEREBY AGREED AND DECLARED by and between the parties hereto as under:-
TERMS OF THE SETTLEMENT
GENERAL
1. In respect of 50 Banks listed in Schedule 1 to this Memorandum of Settlement, except the State Bank of India, Indian Overseas Bank and Bank of Baroda, the provisions of the Sastry Award as finally modified and enacted by the Industrial Disputes (Banking Companies) Decision Act, 1955, the Industrial Disputes (Banking Companies) Decision Amendment Act, 1957 and the provisions of the Award of the National Industrial Tribunal presided over by Mr. Justice K T Desai in Reference No.1 of 1960 which Award inter alia modifies certain provisions of the Sastry Award (hereinafter referred to as the Awards) as modified by the settlements dated 19th October, 1966, 12th October, 1970, 23rd July, 1971, 8th November, 1973, 1st August, 1979, 31st October, 1979, 21st April, 1980, 8th September, 1983, 17th September, 1984, 5th January, 1987, 10th April, 1989, 29th June, 1990, 16th July, 1991, 29th October, 1993, 14th February, 1995, 14th December, 1996, 28th November, 1997, 27th March 2000, 10th April 2002 and 2nd June 2005 shall continue to govern the service conditions except to the extent the same are modified by this settlement.
2. (i) In respect of State Bank of India, the provisions of the Awards as modified by the Settlements dated 31st March, 1967, 24th February, 1970, 15th September, 1970, 1st August, 1979, 31st October, 1979, 21st April, 1980, 8th September, 1983, 17th September, 1984, 5th January, 1987, 10th April, 1989, 29th June, 1990, 16th July, 1991, 29th October, 1993, 14th February, 1995, 14th December, 1996, 28th November, 1997, 27th March 2000, 10th April 2002, 22nd July 2003 and 2nd June 2005 shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
(ii) In respect of Bank of Baroda, the provisions of the Awards as further modified by the Settlements dated 23rd December, 1966, 19th December, 1970, 1st August, 1979, 31st October, 1979, 21st April, 1980, 8th September, 1983, 17th September, 1984, 5th January, 1987, 10th April, 1989, 29th June, 1990, 16th July, 1991, 29th October, 1993, 14th February, 1995, 14th December, 1996, 28th November, 1997, 27th March 2000, 10th April 2002 and 2nd June 2005 shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
(iii) In respect of Indian Overseas Bank, the provisions of the Awards as further modified by the Settlements dated 14th December, 1966, 17th December, 1970, 29th July, 1972, 23rd March, 1973, 1st August, 1979, 31st October, 1979, 21st April, 1980, 8th September, 1983, 17th September, 1984, 5th January, 1987, 10th April, 1989, 29th June, 1990, 16th July, 1991, 29th October, 1993, 14th February, 1995, 14th December, 1996, 28th November, 1997, 27th March 2000, 10th April 2002 and 2nd June 2005 shall continue to govern the service conditions of the workmen except to the extent the same are modified by this settlement.
(iv) In respect of State Bank of India, Bank of Baroda and Indian Overseas Bank, Settlements referred to in Clauses 2(i), (ii), (iii) and (iv) above refer to settlements entered into between State Bank of India, Bank of Baroda and Indian Overseas Bank with the All India State Bank of India Staff Federation, All India Bank of Baroda Employees’ Federation and the All India Overseas Bank Employees’ Union, respectively, representing the workmen of those banks (hereinafter referred to as the said separate settlements).
3. (i) The provisions of the said Awards, the First Bipartite Settlement dated 19th October, 1966 and/or other subsequent settlement(s) including the above mentioned separate settlements hereinafter collectively referred to as said settlements shall stand modified or superseded to the extent and in the manner detailed hereunder.
(ii) Provisions in the aforesaid Awards/Settlements which have not been amended/modified or superseded by this Settlement shall continue to remain in force.
4. Scales of Pay
In supersession of Clause 4 of Bipartite Settlement dated 2nd June 2005, with effect from 1st November, 2007 the scales of pay shall be as under:-
Clerical Staff
6200 400 7400 500 8900 600 11300 700
3 3 4 7
16200 1300 17500 800
1 1
Subordinate Staff
5500 200 6300 250 7550 300 8750 350
4 5 4 3
9800
400
3
5. Dearness Allowance
In substitution of Clause 7 of Bipartite Settlement dated 2nd June 2005 with effect from 1st November 2007, the dearness allowance shall be payable as per the following rates:-
(i) Subordinate Staff
0.15% of ‘pay’
(ii) Clerical Staff
0.15% of ‘pay’
Note:
Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 2836 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100.
(a) It is clarified that there shall be no ceiling on Dearness Allowance.
(b) Dearness Allowance shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff.
(c) All other existing provisions relating to Dearness Allowance Scheme shall remain unchanged.
8. City Compensatory Allowance
Clause 8 of the Bipartite Settlement dated 2nd June 2005 stands superceded and accordingly no City Compensatory Allowance shall be payable w.e.f. 1st November 2007.
9. House Rent Allowance
In substitution of Clause 9 of the Bipartite Settlement dated 2nd June 2005 with effect from 1st November, 2007 the House Rent Allowance payable shall be as under:
Area Rate as percentage of Pay
[No Minimum/ No Maximum]
(i) Places with population of more than 45 lakhs 9
(ii) Places with population of more than 12 lakhs and State Capitals and Capitals of Union Territories included in (i) above. 8
(iii) Places not covered in (i) and (ii) above. 6.50
Note:
(1) Where quarters are provided, HRA shall not be payable and the rent to be recovered shall be 1% of the first stage of the Scales of Pay.
(2) All other existing provisions relating to House Rent Allowance shall remain unchanged.
10. Transport Allowance
In partial modification of Clause 10 of the Bipartite Settlement dated 2nd June 2005, Transport Allowance shall be paid @Rs.200/- per month with effect from 1st November, 2007.
Note:
(i) All permanent part time employees including those on probation and drawing scale wages shall be paid transport allowance on pro rata basis.
(ii) This provision by itself will not preclude the payment of any existing allowance of this nature paid as a result of Government guidelines/bank level settlements.
11. Special Pay
(1) (i) In supersession of Clause 11 of the Bipartite Settlement dated 2nd June 2005, with effect from 1st November 2007 and upto 30th April 2010, the Special Pay payable to the clerical staff and subordinate staff in banks other than State Bank of India shall be as mentioned under Part-A in Schedule II to this Settlement.
(ii) The duties and responsibilities as improved or retained as they are and attracting Special Pay in banks other than State Bank of India shall be as set out in Schedule III and shall be in partial modification of Schedule III to the Bipartite Settlements dated 17th September 1984, 14th February 1995 and 2nd June 2005.
(iii) Posts attracting Special Pay as listed in Schedule II (Part A) of this Settlement and which do not find a mention in Part B of Schedule II to this Settlement shall stand discontinued. With effect from 1st May 2010, there shall be only three categories of special pay payable to clerical staff w.e.f. 1st May 2010, viz. Special Assistant, Head Cashier – Category II and Single Window Operator ‘B’. The allowance payable to them w.e.f. 1st May 2010 shall be given as mentioned in Part B of Schedule II of this Settlement. Duties which require special skill such as Stenographers etc. shall be assigned to those who possess the required skills.
The Basic Pay of all clerical staff members will be increased by Rs.1000/- p.m. w.e.f. 1st May 2010. All clerical staff members will be liable to perform the duties of Single Window Operator ‘A’ as mentioned in Schedule III of this Settlement in addition to the normal clerical duties as and when required, including those duties which attracted payment of Special Pay hitherto.
(iv) There shall be only 8 types of Special Pay in Subordinate Staff cadre w.e.f. 1st May 2010, viz. Armed Guard, Bill Collector, Daftary, Head Peon, Head Messenger in IOB, Electrician, A/C Plant Operator and Driver. The allowance payable to them w.e.f. 1st May 2010 shall be given as mentioned in Part B of Schedule II of this Settlement. Duties which require special skill such as liftman shall be assigned to those who possess the required skills.
The Basic Pay of all subordinate staff will be increased by Rs.350/- p.m. w.e.f. 1st May 2010. All subordinate staff members will be liable to perform all those duties which attracted payments of special pay hitherto, in addition to the normal duties of subordinate staff .
(v) In all other aspects, the general rules and provisions contained in Chapter V of the Bipartite Settlement dated 19th October 1966 relating to special pay carrying posts, as modified from time-to-time, shall continue to apply.
(vi) Graduation Pay and Professional Qualification Pay payable to the clerical staff in banks shall be as mentioned in Part ‘C’ of Schedule II to this Settlement.
(vii) The special pay, graduation pay and professional qualification pay as mentioned in Schedule II shall rank for superannuation benefits.
(viii) The rates of Special Pay and the duties of Special Pay carrying posts for workmen staff in State Bank of India may be reviewed and settled at the bank level.
(2) In partial modification of Part II of clause 23 of the Bipartite Settlement dated 12th October 1970, a member of the non-subordinate cadre acquiring a Graduate/National Diploma in Commerce or a JAIIB/CAIIB (either or both parts) qualification/s at a time when he/she does not have the requisite number of increments in the scale to be earned as advance increments shall in the first instance be released increments for such qualification/s acquired to the extent available in the scale and in lieu of the remaining increments(s) not available for being so released as advance increments be granted / released the first installment of Graduation Pay or PQP, as the case may be. Release of subsequent installments of Graduation Pay or PQP shall be with reference to the date of release of Graduation Pay or PQP under this clause.
Provided that in the case of an employee acquiring such qualifications after reaching the maximum of the scale of pay, he shall be granted from the date of acquiring such qualification the first installment of Graduation Pay or PQP, as the case may be and the release of subsequent installments of Graduation Pay or PQP shall be with reference to the date of release of Graduation Pay or PQP under this clause.
Provided further that in a case where the employee as on the date of this settlement, has already acquired any of the said qualifications and has not earned any increment or Graduation Pay / Professional Qualification Pay on account of acquiring such qualification, he may be, with effect from 1st November 2007 or the date of acquiring any of the said qualifications, whichever is later, released increment/s or Graduation Pay / PQP as provided herein above.
12. Hill and Fuel Allowance
In partial modification of Clause 12 of the Bipartite Settlement dated 2nd June 2005, the Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November 2007:
a. At places situated at a height of 3000 metres and above 8% of pay
(Max. Rs.1295/-p.m.)
b. At places situated at a height of and over 1500 metres but below 3000 metres 4% of pay
(Max. Rs.510/-p.m.)
c. At places situated at a height of over 1000 metres but less than 1500 metres and Mercara Town 3% of pay
(Max. Rs.410/-p.m.)
Note: All other existing provisions shall remain unchanged.
13. Fixed Personal Pay
In supersession of Clause 13 of the Bipartite Settlement dated 2nd June 2005, the Fixed Personal Pay shall be revised with effect from 1st November 2007 as per Schedule IV.
14. Payment of Overtime Allowance
The overtime allowance paid to the employees for the overtime work performed uptil the date of this settlement shall not be recalculated on account of this Settlement.
15. Provident Fund
There shall be no Provident Fund to employees joining the services of banks on or after 1st April 2010. They shall be covered by a Defined Contributory Retirement Benefit Scheme, where the employee will contribute 10% of Pay plus Dearness Allowance and the bank will make a matching contribution. The Scheme shall be governed by the provisions of the Contributory Pension Scheme introduced for employees of Central Government w.e.f. 1st January 2004.
16. Pension (in Banks other than State Bank of India)
It is agreed between the parties that the terms of the Bank Employees’ Pension Regulations, 1995 shall not apply to the employees who join the services of Banks on or after 1st April 2010; and they shall be covered by a Defined Contributory Retirement Benefit Scheme, which shall be governed by the provision of the Contributory Pension Scheme introduced for employees fo the Central Government w.e.f. 1st January 2004. Necessary amendments to the relevant provisions of the Bank Employees’ Pension Regulations, 1995 shall be carried out following the procedure in this regard.
Further to Clause 6 of the Bipartite Settlement dated 2nd June 2005, it is agreed between the parties as under:
(i) With effect from 1st May 2005, the pension of employees who retired or died while in service during the period 1st April 1998 to 31st October 2002 will be re-fixed based on the definition of ‘Pay’ as defined in Clause 6(ii) of the Bipartite Settlement dated 27th March 2000. No arrears of pension and commuted value of pension will be payable on account of such re-fixing of pension.
(ii) With effect from 1st May 2005, the pension of employees who retired or died while in service during the period 1st November 2002 to 30th April 2005 will be re-fixed based on the definition of ‘Pay’ as defined in Clause 6 of the Bipartite Settlement dated 2nd June 2005. No arrears of pension or commuted value of pension will be payable on account of such re-fixation of pension.
Further to Clause 7(2) of the Bipartite Settlement dated 2nd June 2005, it is agreed between the parties as under:
(i) Those employees who retired or died while in service during the period 1.04.1998 to 31.10.2002, Dearness Relief on Basic Pension or Family Pension or invalid pension or compassionate allowance shall be paid as under for the period 1.04.1998 to 30.04.2005:
Basic Pension or Family Pension or invalid pension or compassionate allowance per month The rate of Dearness Relief payable as a percentage of Basic Pension or Family Pension or invalid pension or compassionate allowance
(i) Upto Rs. 3550 0.24 percent
(ii) Rs.3551 to Rs.5650 0.24% +
0.20% of pension exceeding Rs. 3550
(iii) Rs.5651 to Rs.6010 0.24% +
0.20% of pension exceeding Rs. 3550 – Rs.5650 +
0.12% of pension exceeding Rs.5650
(iv) Above Rs.6010 0.24% +
0.20% of pension exceeding Rs. 3550 – Rs.5650 +
0.12% of pension exceeding Rs.5650 – Rs. 6010 +
0.06% of pension exceeding Rs. 6010
With effect from 1.05.2005, the Dearness Relief payable shall be @ 0.18 percent of the basic pension or family pension or invalid pension or compassionate allowance as the case may be.
(ii) In respect of employees who retired or died while in service on or after 1.05.2005 Dearness Relief shall be payable at 0.18% of the basic pension or family pension or invalid pension or compassionate allowance as the case may be. Dearness Relief in the above manner shall be paid for every rise or fall of 4 points over 2288 points in the quarterly average of the All India Average Consumer Price Index for industrial workers in the series 1960 = 100.
Note:
The Dearness Relief as above shall be payable for the half year commencing from the 1st day of February and ending with 31st day of July on the quarterly average of index figures published for the months October, November and December of the previous year and for the half year commencing from 1st day of August and ending with the 31st day of January on the quarterly average of the index figures published for the months of April, May and June of the same year.
17. Medical Aid
In substitution of Clause 17 of the Bipartite Settlement dated 2nd June 2005, with effect from 1st November 2007, the reimbursement of medical expenses under medical aid scheme shall be restricted to an amount of Rs.2,000/- per annum.
For the year 2007, the reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i.e. November and December 2007.
18. Definition of ‘Family’:
The term wholly dependent child/parent shall mean such member of the family having a monthly income not exceeding Rs.2,550/- p.m. [b1]income ceiling for treating as wholly dependent.
19. Hospitalisation
In substitution of Clause 20 of the Bipartite Settlement dated 2nd June 2005, with effect from the date of this Settlement, the reimbursement of hospitalisation expenses shall be as detailed in Schedule V to this Settlement.
20. Part-Time Employees
a) In substitution of Clause 21 of the Bipartite Settlement dated 2nd June 2005, with effect from 1st November 2007, Part-Time employees who are members of the subordinate staff and whose normal working hours per week are as given below shall be paid consolidated wages as under:
a. Upto 3 hours : at bank’s discretion with a minimum of Rs.1,030/- p.m.
b. More than 3 hours but less than 6 hours : at bank’s discretion with minimum of Rs.1,440/- p.m.
21. Compensation for losses due to breakage
or damage to goods on Transfer
In supersession of Clause 22 of Bipartite Settlement dated 2nd June 2005, with effect from 1st May 2010, compensation on transfer, shall be as under:-
a. Where an employee produces receipts or a statement of loss in respect of breakages subject to a maximum of :
Clerical Staff : Rs.1,120/-
Subordinate Staff : Rs.745/-
b. Where no receipts/statement of loss are produced, a lumpsum payment of:
Clerical Staff : Rs.745/-
Subordinate Staff : Rs.560/-
22. Halting Allowance
In modification of clause 23 of the Bipartite Settlement dated 2nd June 2005, with effect from 1st May 2010, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters:
Higher CCA Centes Lower CCA Centres Non CCA Centres
Clerical Staff Rs.500/- per diem Rs.375/- per diem Rs.300/- per diem
Subordinate Staff Rs.375/- per diem Rs.250/- per diem Rs.185/- per diem
23. Washing Allowance
In supersession of Clause 24 of Bipartite Settlement dated 2nd June 2005, washing allowance shall be payable at Rs.100/- p.m., where the washing of livery is not arranged by the bank.
24. Cycle Allowance
In supersession of clause 25 of Bipartite Settlement dated 2nd June 2005, w.e.f. 1st November 2007, cycle allowance is payable to the members of the subordinate staff who are required to use a cycle on regular assignment for outdoor duties at Rs.75/- p.m. at all centers.
Cycle allowance would not be paid to a workmen member of the subordinate staff entitled to the allowance for the period of leave where such leave exceeds 30 days.
25. Split Duty Allowance
In partial modification of Clause 26 of the Bipartite Settlement dated 2nd June 2005, w.e.f. 1st November 2007, Split Duty Allowance shall be payable at all centers at Rs.125/- p.m.
26. Project Area Compensatory Allowance
In partial modification of Clause 27 of the Bipartite Settlement dated 2nd June 2005, w.e.f. 1st November 2007, workmen in project areas shall be paid a project area compensatory allowance as under :
(i) Project Area Group ‘A’
Clerical Staff – Rs.205/-p.m.
Sub-Staff - Rs.180/- p.m.
(ii) Project Area Group ‘B’
Clerical Staff – Rs.180/- p.m.
Sub-Staff - Rs.150/- p.m.
27. Special Area Allowance
In supersession of all earlier provisions relating to Special Area Allowance, w.e.f. 1st November 2007, Special Area Allowance shall be payable at places specified in column 2 of the Schedule VI hereto, as per the quantum indicated in column 3 thereof against each such place subject to the condition that if at any of the place mentioned in column 2 of 27th March 2000 hereto, Hill and Fuel Allowance is payable in terms of this Settlement, then at such places only higher of the two allowances shall be payable.
28. Reimbursement of expenses on Road Travel
In substitution of Clause 30 of Bipartite Settlement dated 2nd June 2005 w.e.f. the date of this Settlement, where an employee has to travel on duty / LFC between two places not connected or partially connected by rail or steamer, he shall be reimbursed actual road mileage cost or at Rs.3/- per k.m., whichever is less.
29. Outsourcing
In view of the fact that Indian Banks have changed their business processes almost completely by extensive use of technology, almost all banks are presently under Core Banking Solutions and new products are being introduced by banks as compared to conventional banking products, they need to concentrate on their core business activity and outsource others to agencies who can perform the same more effectively with cost efficiency due to the expertise and economy of scale they possess.
The issue was discussed in detail and it is hereby agreed between the parties as follows:
Though it may not be possible to list out extensively all core functions on illustrative list of core functions, based on RBI guidelines in this regard agreed to are as under:
Core Functions
• All Management functions
• Internal Audit
• Compliance functions
• Decision-making functions such as –
- Determining and compliance of KYC norms for opening accounts
- Management of Investment Portfolio
- Sanctioning of all types of loan/advances and other facilities to clients.
The banks may subject to the outsourcing policy approved by their Boards, outsource non-core activities complying with such terms as may be stipulated by the Reserve Bank of India in this regard. An illustrative list of functions that can be outsourced are as under:-
• Concurrent/Risk based Audit/Information system, audit of overseas branch and International Banking Division.
• Concurrent/Revenue/Income Audit, Systems Audit of critical installation.
• Development of software packages/CBS/Internet Banking/ Management and Monitoring of WAN.
• Central Pension and preparation of scrolls.
• Back Office functions/Data Entry Work/Maintenance of Data-base.
• Engagement of Banking/Business Correspondents/ Facilitators for financial inclusion
• Retail Product Selling.
• Recruitment/Promotion Processes.
• Drivers/Electricians/Plumbers/Lift Operators.
• Security Services.
• ATM Card Management/Cash Replenishment/ Cash Vaulting Facility/ FTS (Financial Transaction Switch) operators
• Guarding ATMs.
• First-line Maintenance of ATM Centres.
• Credit Card Application Processing.
• House-keeping/Cleaning/Maintenance.
• Catering and Canteen.
• Due Diligence/Legal Opinion.
• Courier Services.
• Recovery.
• Call Centre Management.
It should be ensured that outsourcing of non-core activities will not result in job loss to the existing workforce. The bank may utilize the services of the staff rendered surplus, if any, in the core activities where banks need more employees for effective performance of the job.
30. Date of Effect and Operation
i. This Settlement shall be binding on the parties for five years from 1st November 2007.
ii. The terms and conditions hereof shall continue to govern and bind the parties even thereafter until the Settlement is terminated by either party giving to the other a statutory notice as prescribed in law for the time being in force.
iii. The AIBEA, NCBE, BEFI, INBEF and NOBW (and BKSM) on behalf of the workmen agree that during the operation of this Settlement the workmen will not for any reason whatsoever, raise any demand of any nature whatsoever on any of the banks in respect of matters, monetary or otherwise, covered by this Memorandum of Settlement.
iv. Copies of the Memorandum of Settlement will be jointly forwarded by the parties to the authorities listed in Rule 58 of the Industrial Disputes (Central) Rules, 1957 so that terms and conditions thereof are binding on the parties as provided in law.
31. Interpretation
If there is any difference of opinion regarding interpretation of any of the provision of this Settlement the matter will be taken up only at the level of the Indian Banks’ Association, the All India Bank Employees’ Association, the National Confederation of Bank Employees, the Bank Employees’ Federation of India, the Indian National Bank Employees Federation and the National Organisation of Bank Workers, (and BKSM) for discussion and settlement.
CC TO: 1. Assistant Labour Commissioner (Central)
2. Regional Labour Commissioner (Central)
3. Chief Labour Commissioner (Central), New Delhi
4. The Secretary to the Government of India,
Ministry of Labour, New Delhi.
________________________________________
SCHEDULE - I
LIST OF BANKS TO BIPARTITE SETTLEMENT
1. Allahabad Bank
2. Andhra Bank
3. Bank of Baroda
4. Bank of India
5. Bank of Maharashtra
6. Canara Bank
7. Central Bank of India
8. Corporation Bank
9. Dena Bank
10. Indian Bank
11. Indian Overseas Bank
12. Oriental Bank of Commerce
13. Punjab & Sind Bank
14. Punjab National Bank
15. Syndicate Bank
16. UCO Bank
17. Union Bank of India
18. United Bank of India
19. Vijaya Bank
20. State Bank of India
21. State Bank of Bikaner & Jaipur
22. State Bank of Hyderabad
23. State Bank of Indore
24. State Bank of Mysore
25. State Bank of Patiala
26. State Bank of Travancore
27. Bank of Rajasthan Ltd.
28. The Dhanalakshmi Bank Ltd.
29. The Federal Bank Ltd.
30. ING Vysya Bank Ltd
31. The Jammu & Kashmir Bank Ltd.
32. The Karnataka Bank Ltd.
33. The Karur Vysya Bank Ltd.
34. The Lakshmi Vilas Bank Ltd.
35. The Nainital Bank Ltd.
36. The Ratnakar Bank Ltd.
37. The South Indian Bank Ltd.
38. Bank of America N.A.
39. The Bank of Tokyo-Mitsubishi UFJ, Ltd.
40. BNP Paribas
41. The Hongkong & Shanghai Banking Corporation Ltd.
42. Sonali Bank
43. Standard Chartered Bank
________________________________________
SCHEDULE - II
SPECIAL PAY
PART A
For Clerical Staff (upto 30.4.2010)
Sr.No. Post Amount of Special Pay (Rs.)
1. RelievingTelephone Operator 110
2. Telephone Operator 210
3. Audit Clerk - Category "A" 360
4. Audit Clerk - Category "B" 670
5. Comptist 420
6. Agricultural Assistant 510
7. Telex Operator 530
8. Punch Card Operator 580
9. Assistant Head Cashier Units of 4 clerks & below 450
10. Assistant Head Cashier Unit of 5 Clerk & above 650
11. Teller - Category A 690
12. Cashier in Charge of Cash in Pay Officers 690
13. Head Cashier - Cat. A - Units of 4 clerks & below 690
14. Head Cashier - Cat. A - Units of 5 clerks & above 910
15. Head Cashier - Cat. B - Units of 4 clerks & below 820
16. Head Cashier - Cat. B - Units of 5 clerks & above 1020
17. Encoder Operator 740
18. Data Entry Operator 860
19. Accounting Machine Operator 910
20. IBM/ICT Machine Operator 1020
21. Stenographer 1020
22. Head Clerk 1020
23. ALPM Operator 1060
24. Teller 1150
25. Head Cashier Category C 1150
26. Computer Operator - A 1250
27. Head Cashier Category I 1270
28. Computer Operator - B (with passing powers) 1500
29. Head Cashier Category II 1780
30. Special Assistant 2180
For Subordinate Staff (upto 30.4.2010)
Sr.No. Post Amount of Special Pay (Rs.)
1. Relieving Liftman 210
2. Cyclostyle Operator 280
3. Liftman 350
4. Cash Peon 350
5. Watchman 350
6. Armed Guard 590
7. Bill Collector 590
8. Daftary 690
9. Head Peon 800
10. Head Messenger in IOB 1350
11. Electrician 1600
12. A/C Plant Operator 1600
13. Driver 1800
SPECIAL PAY
PART B
For Clerical Staff (w.e.f. 1.5.2010)
Sr.No. Post Amount of Special Pay
(Rs.)
1. Head Cashier - II 780
2. Special Assistant 1180
3. Single Window Operator ‘B’ 500
For Subordinate Staff (w.e.f. 1.5.2010)
Sr.No. Post Amount of Special Pay
(Rs.)
1. Armed Guard 240
2. Bill Collector 240
3. Daftary 340
4. Head Peon 450
5. Electrician 1250
6. AC Plant Operator 1250
7. Driver 1450
8. Head Messenger in IOB 1000
PART C
GRADUATION PAY/ PROFESSIONAL QUALIFICATION PAY
For those workmen who hereafter reach or have already reached 20th stage of the scale and have got increments in consideration of educational qualification(s), Graduation Pay/ Professional Qualification Pay shall be payable as under:
1. Those who are graduates and/or NDC -
Rs.250/- p.m. after they complete 1 year
Rs.490/- p.m. after they complete 2 years
2. Those who have passed JAIIB or Part I of CAIB/CAIIB-
Rs.250/- p.m. after they complete 1 year
3. Those who have passed JAIIB and CAIIB or Both Parts of CAIB/CAIIB -
Rs.250/- p.m. after they complete 1 year
Rs.490/- p.m. after they complete 2 years
Rs.740/- p.m. after they complete 3 years
4. Those who are graduates/NDC and have passed JAIIB or Part I of CAIB/CAIIB -Rs.250/- p.m. after they complete 1 year
Rs.490/- p.m. after they complete 2 years
Rs.740/- p.m. after they complete 3 years
5. Those who are graduates/NDC and have passed JAIIB or Both Parts of CAIB/CAIIB -
Rs.250/- p.m. after they complete 1 year
Rs.490/- p.m. after they complete 2 years
Rs.740/- p.m. after they complete 3 years
Rs.990/- p.m. after they complete 4 years
Rs.1230/- p.m. after they complete 5 years.
Note: Refer to Clause 11(2) of this Settlement.
________________________________________
SCHEDULE - III
SPECIAL PAY DUTIES
The Special pay duties do not include the routine duties of the cadre (clerical / subordinate) which a workman has to normally perform; but merely refer to those special allowance duties which if performed in addition to the routine duties will entitle a workman to a special pay on the terms and conditions provided in Chapter V of the First Bipartite Settlement as modified.
For removal of doubts it is clarified that the workman entrusted with duties attracting special pay can be required to perform routine duties of his cadre and that the following duties shall inter alia form part of the normal duties of the clerical cadre and for performance of those duties no special pay shall be payable :
(i) Acknowledgements of inward mail received.
(ii) Receipt of cheques, drafts, dividend warrants, pay orders and other like instruments other than bills and giving acknowledgements in the counterfoil.
(iii) Delivery of cheque books subject to authorisation by competent authority.
(iv) Issue of cash receipts.
(v) Issue of E.S.I. stamps wherever applicable or may become applicable.
(vi) Recounting of currency notes by cash department staff.
(vii) Ensuring the proper contents in covers and envelopes including registered ones before dispatch.
DUTIES OF SPECIAL PAY CARRYING POSTS IN CLERICAL CADRE
1) Single Window Operator ‘A’
Single Window Operator ‘A’ will perform all duties and functions of clerical cadre, either online or manually, which does not involve any passing or supervisory function of an officer of the bank. He will, wherever and whenever required, function as a single window operator where he will also receive and pay cash.
In addition, their duties will include –
a. Passing and cash payment of all cheques/withdrawal forms/bankers’ cheques/gift cheques, etc. upto and including Rs.20,000/-
b. Passing independently clearing and transfer cheques, vouchers, etc. (whether credits or debits) upto and including Rs.25,000/-
c. Receipts of cash and issuance of pre-signed drafts / gift cheques / travellers’ cheques / pay orders / bank orders, etc. upto and including Rs.25,000/-
2) Single Window Operator ‘B’
Single Window Operator ‘B’ will perform all duties and functions of clerical cadre, either online or manually, which does not involve any passing or supervisory function of an officer of the bank. He will, wherever and whenever required, function as a single window operator where he will also receive and pay cash.
In addition, their duties will include–
a. Passing and cash payment of all chequest/withdrawal forms/bankers’ cheques/ gift cheques, etc. upto and including Rs.40,000/-.
b. Passing independently clearing and transfer cheques, vouchers etc. (whether credits or debits) upto and including Rs.50,000/-
c. Receipts of cash and issuance of pre-signed drafts/gift cheques/ travellers’cheques/pay orders/bank orders, etc. upto and including Rs.50,000/-.
3) Head Cashier II
Their duties involve :
1. Holding the bank’s cash, key and/or other valuables in safe custody jointly with an officer and being accountable for them and being responsible for the running of the cash department;
2. Opinion compilation;
3. Verification of vernacular signatures/endorsements;
4. Countersigning cheques and/or drafts (on selves or correspondents), payment orders, deposit receipts, etc.
5. Attending to Government Treasury work;
6. Discharging/endorsing bills, cheques etc;
7. Being in charge of clearing and godown departments, etc;
8. Passing independently clearing and transfer cheques, vouchers, etc. (whether credits or debits) upto and including Rs.1,00,000/- and cash, cheques and vouchers upto and including Rs.50,000/- They will also pass cash, cheques, vouchers etc. above Rs.50,000/- and clearing and transfer cheques, vouchers etc. above Rs.1,00,000/- jointly with another authorized person.
4) Special Assistants
Special Assistants will be accountable and responsible for running of the department/section under them and their duties will involve looking after and checking the work of other clerk or clerks and sub-staff and will include:
1) Passing independently, manually or online, cash instruments upto Rs.1,00,000/- and clearing and transfer cheques vouchers etc., (whether credits or debits) upto and including Rs.3,00,000/-. They shall also pass cash, cheques, vouchers etc. and above Rs.3,00,000/- jointly with another authorized person. Passing will include verification of signatures and scrutiny as to the correctness of endorsements on and other particulars of such instruments. There shall be no limits for verification of signatures, passing of authenticated credit vouchers/entries and for verifying authenticated vouchers in the ledges, books, computer printouts etc.
2) Accept, verify and post cash/transfer/clearing cheques and other instruments, as the case may be, in appropriate books of accounts/ledgers, either manually or online, and give due acknowledgements.
3) Signing vouchers, cheques, drafts, mail transfers, pay order, advices such as non payment advices, inter branch fate calling advices, bill schedules, demand notices, statements, certificates etc.
4) Checking all vouchers, advices, statements, cheques, drafts etc., bills and books of accounts including current savings and other ledgers, cash, postal and revenue stamps, franking machine balances, exchange, discount, brokerage calculations and initialing by way of authenticating them for accuracy/correctness;
5) Checking, manually or online; current, savings and other accounts;
6) Checking the coding and decoding of telegrams (excluding check symbols or ciphers);
7) Discharging, endorsing cheques, bills, etc.;
8) Perform, when required in a computerized set up, system control functions, either jointly with an officer or independently, upon specific authorization in this regard;
9) Briefly explain, the features of Bank’s various products and services to customers, to reply their queries and to refer interested customers to appropriate personnel;
10) Inspecting godown (only in banks where such work is already being done by workmen).
For the purpose of efficient and effective functioning of the section or department the special assistant shall ensure that all acts, things and steps necessary therefore are taken by himself or by the clerks placed under him and shall ensure that, wherever necessary;
a) Reminders are sent on time and followed up.
b) Pass sheets/books are filled up and issued promptly.
c) Deposits are renewed on due dates or reminders sent to the parties.
d) Standing instructions are complied with.
e) Bills are accepted and due dates diarised/advised and followed up.
f) Interest, commissions and service charges are collected.
g) Proceeds of bills are received or remitted promptly.
h) Confirmation of balance of accounts of the customers and its follow up.
i) All securities relating to the department/selection of which the special assistant is in charge are secured and/or kept in proper custody and properly handed to the authorised person at the close of the day.
j) Balances promptly taken, tallied and reported and followed up and also returns submitted.
k) Advices and/or duplicate advices/summaries are issued/responded promptly, whenever called for.
l) Checking the proper recording of entries and all relevant particulars in regard to accounts opened under due authorization.
Notes:-
(ii) In respect of the above special pay carrying posts in clerical cadre –
• Countersigning would mean signing in a manner whereby the primary responsibility for ensuring that all the formalities are complete rests with the other signatory.
• Checking/ verifying would mean verifying that the instrument/material checked is in order in all respects and also includes verification of signature irrespective of the amount of the instrument and authenticating the same on the instrument /material, initialing the relative entries in the respective books of accounts, manually and/or online.
• Passing includes verification of signatures and scrutiny as to the correctness of endorsement on and other particulars of such instruments. It will also include checking and authenticating the relative entries in the respective books of accounts/ ledgers/ computer sheets and/or online.
(ii) Henceforth, selection of staff for being entrusted with special pay carrying posts shall be on the basis of their suitability for the specialized function, norms for which shall be decided at the bank level.
________
DUTIES OF SPECIAL PAY CARRYING POSITIONS IN SUBORDINATE CADRE
POST DUTIES
Armed Guard Persons required to perform watch and ward duties i.e. to watch or look after the premises or department for the purposes of its safety, security and guard against attack or assault or infiltration and against removal of the bank’s property by any unauthorized persons AND/OR to watch and guard as above the movement of cash from one place to another whether inside or outside the Bank, for which purpose they are required by the bank to carry any of the following weapons:
i) Gun, Pistol or any other fire arm; or
ii) Dagger, sword, khukri or spear; or
iii)any other licensed weapon
Note: ‘Retainers’ Peons (other than watchmen) whose names are registered in the Bank’s licence as Retainers will, when they perform “Armed Guard” duties, be entitled to special pay for “Armed Guards” pro rata.
Daftary Their work involves :
1. Obtaining acceptance of bills of exchange, hundies etc., drawn on local parties or banks and / or collecting payments thereof.
2) Collecting payments for cheques or postal order etc., from banks or post office counters.
They may also be required to collect cash not exceeding Rs.5,000/- at a time against various instruments.
3) Simple binding of books and registers;
4) Press copying;
5) Filing independently letters and other papers in respect files as per indications marked thereon;
6) Assisting in issuing stationery;
7) Stacking under guidance old records in orderly manner and assisting in giving them out when required; and
8) Undertaking the whole process of sorting, arranging, numbering, tallying the total number or stitching the vouchers
Head Peon Persons required to assist in supervision of various matters pertaining to subordinate staff like:
i) Cleanliness of the office premises;
ii) Cleanliness of uniforms;
iii) Leave arrangements;
iv) Arrangements for safekeeping of keys; and
v) Distribution of duties amongst the subordinate staff
Air-Conditioning Plant Helper Semi skilled persons who under the supervision of the technician attend to routine maintenance of and minor repairs to air conditioning plants.
Electrician Their work involves carrying out semi-skilled electrical work like routine maintenance of electrical equipments, effecting minor repairs to electrical fixtures and appliances.
Drivers Persons required to drive, maintain and effect minor repairs (not requiring a technician’s skill) to motor cars, motor vans, station wagons, scooters, motor cycles or other motor vehicles.
Head Messenger in IOB
________________________________________
SCHEDULE - IV
FIXED PERSONAL PAY
Area of Posting Total FPP payable where bank’s accommodation
is not provided Total FPP payable where bank’s accommodation is provided Increment Component of FPP
(1) (2) (3) (4)
CLERICAL STAFF
(i) Places with population of more than 45 lakhs. 935 885 800
(ii) Places with population of more than 12 lakhs upto 45 lakhs and State Capitals and Capitals of Union Territories 935 875 800
(iii) Other places 935 865 800
SUBORDINATE STAFF
(i) Places with population of more than 45 lakhs. 470 440 400
(ii) Places with population of more than 12 lakhs upto 45 lakhs and State Capitals and Capitals of Union Territories 465 435 400
(iii) Places with population of 2 lakhs and over [other than (i) above] and State Capitals and Capitals of Union Territories 460 435 400
________________________________________
SCHEDULE FOR REIMBURSEMENT OF HOSPITALISATION EXPENSES
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