HUMAN RESOURCES MANAGEMENTDIVISION Head Office, Plot No. 4, Sector – 10 Dwarka,

New Delhi - 110075

11TH BI-PARTITE SETTLEMENT

“Confidential. Strictly for internal circulation only”

01.01.2021

TO ALL OFFICES

REG.: ADJUSTMENT OF EMOLUMENTS OF WORKMEN IN THE REVISED SCALES OF PAY UNDER THE 11TH BI-PARTITE SETTLEMENT.

We take pleasure in informing that the 11th Bipartite Settlement has been signed on

11.11.2020 between Indian Banks’ Association (IBA) and All India Bank Employees’

Association (AIBEA), National Confederation of Bank Employees (NCBE), Bank

Employees Federation of India (BEFI), Indian National Bank Employees Federation

(INBEF), National Organization of Bank Workers (NOBW) and Bank Karamchari

Sena Mahasangh. The provisions of Sastri Award, Desai Award and the first

Bipartite Settlement dated 19.10.1966 and/or other subsequent Settlements stand

amended, modified or superseded to the extent and in the manner detailed in the

11th Bipartite Settlement (BPS) available at Annexure-I. Further, the provisions of

the award/settlements which have not been amended /modified or superseded by

the 11th Bipartite Settlement shall continue to remain in force. The salient features

of the settlement are:

Dearness Allowance : On and from 01.11.2017, Dearness Allowance shall be

payable for every rise or fall of four points over 6352 points in the quarterly

average of the All India Average Working Class Consumer Price Index (General)

Base 1960=100 at 0.07% of Pay.

All employees belonging to sub-ordinate cadre shall be eligible for one extra

increment for passing JAIIB and two increments for passing CAIIB examination

w.e.f 01.11.2017.

The various provisions of this Settlement shall take effect from the date

specified in Para-46 of Annexure-I.

HUMAN RESOURCES MANAGEMENT DIVISION CIRCULAR NO.535

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HUMAN RESOURCES MANAGEMENTDIVISION Head Office, Plot No. 4, Sector – 10 Dwarka,

New Delhi - 110075

Page 2 of 3

11TH BI-PARTITE SETTLEMENT

“Confidential. Strictly for internal circulation only”

CALCULATION & PAYMENT OF ARREARS

The arrears calculated in existent HRMS / SAP systems are to be checked and

verified at branch / offices level while approving the salary of respective

branch/office/HO Divisions (by Branch Head / Circle HR/ Zonal HR/

Establishment in-charge).

In respect of ex-employees, arrears due for the period01.11. 2017 to 31.12.2020

will be paid between 01.02.2021 and 31.03.2021. The payment of arrears for the

period will be done by the branches/offices from where they have been

separated. Arrear sheet should be prepared for each employee separately in

duplicate and duly checked. The signature of the ex-employee should be

obtained at the bottom of the arrear sheet. One copy of the arrear sheet is to be

sent for post audit to respective Circle / Zonal Office and in respect of HO

Divisions, the details are to be sent to Inspection & Audit Division, Head Office,

for post audit.

Employees who have officiated in higher cadre during 01.11. 2017 to 31.12.2020

would be eligible for the difference in the officiating Pay on account of Wage

revision. The difference of officiating for the period 01.11. 2017 to 31.12.2020

shall be paid by the branches as per the procedure followed for the salary

arrears.

Deduction of Income Tax at Source from the arrears is to be made as per the

extant guidelines.

It may be clearly understood that the payment of arrears is subject to errors &

omissions. Any amount wrongly paid or excess paid will be refundable and any

payment due but not paid or less paid shall be paid for.

BONUS

Arrears of bonus on the revised salary should also be paid for the accounting

years ended March 2018 March, 2019 and March 2020.

Certain workmen shall be drawing salary/wages more than Rs.21,000/- p.m. from

01.11.2017 on account of revision of salary under this settlement. They will be,

therefore, not eligible for bonus from the date of their salary/wages exceeding

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HUMAN RESOURCES MANAGEMENTDIVISION Head Office, Plot No. 4, Sector – 10 Dwarka,

New Delhi - 110075

Page 3 of 3

11TH BI-PARTITE SETTLEMENT

“Confidential. Strictly for internal circulation only”

Rs.21,000/- p.m. Necessary recovery of bonus, if any should be made in such

cases while making payment of arrears.

The Branches/Offices are also requested to send details with reference to the

Bonus payable/recovered for the period 01.11.2017 to 31.03.2020. Wherever the

bonus is to be paid over and above the recoverable, the Branches must debit

their Suspense Account for such payment and send details to CircleOffices for

claiming reimbursement. The bonus adjustment should be made immediately but

not later than 31.03.2021. Where bonus is recoverable from the staff over and

above any bonus payable to the staff as a result of payment of above

arrears, Branches mustensure to send details along with remittance to the extent

of net amount they have recovered. The consolidated position in this respect

shall be sent by the Circle / Zonal Offices / HO Divisions to the Finance Division.

All concerned are advised to note the contents of this circular and bring it to the notice

of the staff under their supervision.

(Rajesh Verma)

Chief General Manager

Encl.:

Annexure I-11th Bipartite Settlement (BPS) dated 11.11.2020

Schedule I - List of Banks to BPS.

Schedule II Part A & B– Special Pay& Graduation Pay and PQP

Schedule III–Fixed Personal Pay

Schedule IV- Leave Rules

Schedule V - New Introduction

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