The 11th Bipartite Salary settlement is almost at final stage and it is confirmed by the Bankers Union that IBA is going to sign the settlement probably by 17th or 18th of October 2020. Talks with IBA on financial and non Financial issues will be scheduled on 17th & 18th. Most probably the settlement can be signed on 17th or 18th.
It is also confirmed that the IBA is planning to release the arrears before 25th this month.
There will not be any 5 days banking for bankers in 11th BPS.
Also Read – Calculate your Basic Pay with 15% Hike
UFBU has accepted the Special Allowance Pay at 16.4%. The discussion on load factor is already finalized.
