Minutes of discussions held between Indian Banks’ Association and
AIBEA, NCBE, BEFI, NOBW and INBEF on gth March, 2024.
Whereas a Settlement has been arrived at on 8th March, 2024 on the
Charter of Demands submitted by the Unions, and
Whereas, some of the issues and demands raised by the Unions could not
be taken up for discussions and resolved, and
It is hereby agreed between the parties that the following issues and
demands raised in the Charter of Demands shall be discussed further to
reach a mutually acceptable and amicable resolution of the same within a
maximum period of six months from hereof.
- Improvement in PLI Scheme
2 Updation of Pension for past retirees
Provision to be made in the Pension Regulations to provide for
periodical updation of pension along with wage revision
settlement/s.
- Improvements in Pension Scheme
-
Payment of Gratuity at one month Pay for each year of service
without any restrictions -
Option to join the DA linked Defined Benefit Pension Scheme for
employees covered by the Defined Contributory Pension
Scheme -
Extending Ex-gratia to pensioners of private Banks
- Introduction of Leave Bank – finalization of the Scheme
8 Premium of medical Insurance Policy to be borne by Banks
9 Improvement in Group Medical Insurance Policy
10. Adequate recruitments in Banks
- DA scheme for all pensioners to be at the uniform Index of 8088
points
Modifications in provisions on Disciplinary Action and Procedure
Inclusion of Special Allowance for superannuation benefits
Allocation of funds to Staff Welfare Fund based on Operating
profits of Banks
Transport allowance to be paid to Physically
challenged/differently-abled employees as applicable to
Government employees.
North East Incentive on the lines of RBI/LIC
All contract/temporary employees to be regularized as
permanent employees
Modifications in Compassionate Appointment Scheme
Dated 8h MARCH, 2024
Indian Banks’ Association
M. V Rao
Shanti Lal Jain
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