Bank Settlement - Details

We reproduce below the details of bank settlement sent by the GS of NOBO, Dr. Sunil Deshpande.

NATIONAL ORGANISATION OF BANK OFFICERS
(Affiliated to Bharatiya Mazdoor Sangh)
Kasturi, 371-B, Shaniwar Peth, Pune 411 030.
Phone No: 020-2445 2677 Fax No: 020-24461542
Circular No. 3/2010 Date: 27/04/2010

To,
All Affiliates / Members

Dear Brothers & Sisters,

“Hearty Congratulations”
“Historic Agreement Signed”


We are pleased to inform you that long awaited historic bipartite settlement for Wage Revision and Pension has been signed today at Mumbai by U.F.B.U./U.F.B.O. The settlement on pension is long awaited demand and now second pension option is the great achievement of all of us. You are aware that NOBO has raised and followed this pension option for PF optees for existing employee and retired employee from 1995 and now under the banner of U.F.B.U. we have achieved it. PF optees to contribute 2.8 times of new salary as of 1.11.2007 as incremental cost towards pension.
Other details regarding Wage Revision as below:
The Details of Revised scales and allowances w.e.f. 01.11.2007 are as follows -
1) i) Basic Pay:

JMGS – I
Rs. 14,500/- to Rs. 31,500/-
MMGS – II
Rs. 19,400/- to Rs.34,200/-
MMGS – III
Rs. 25,700/- to Rs. 35,100/-

Including two Additional Stagnation Increments.

SMGS – IV
Rs. 30,600/- to Rs. 36,200/-
SMGS – V
Rs. 36,200/- to Rs. 40,400/-
TEG – VI
Rs. 42,000/- to Rs. 46,800/-
TEG – VII
Rs. 46,800/- to Rs. 52,000/-

ii) D. A. - At 0.15% per slab for every 4 points rise.

iii)HRA – unchanged.
Major ‘A’ class cities - 8.5%
Other places in Area I - 7.5%
Other places - 6.5%

iv)Medical Aid-
Scale I to III-Rs.4,850/- p.a.
Scale IV & above - Rs.6,625/- p.a.

v) Stagnation Increments -
Two additional stagnation increments in each scale upto MMGS – III.

Thank You for your contribution and support.

Dr. S. U. Deshpande
(General Secretary)

See Details on website:
www.nobosbbj.com

U.F.B.U. Zindabad
U.F.B.O. Zindabad
NOBO Zindabad
BMS Zindabad