; ra x 12° BIPARTITE SETTLEMENT DATED 08-03-2024 Conclusi Indian Banks’MEMORANDUM OF SETTLEMENT dated 8” March, 2024 between the Managements of 25 Banks who mandated for bi-partite settlement between 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, National Organisation of Bank Workers and Indian National Bank Employees Federation. [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] Names of the Parties | 25 Banks which are listed in Schedule I to this Memorandum of Settlement and their workmen Representing the Employers 1. Shri. MV Rao 2. Shri. Shanti Lal Jain (Member Banks) 3. Shri. Rakesh Sharma 4. Shri. Rajneesh Karnatak 5. Shri. Binod Kumar Mishra 6. Shri. Sunil Mehta 7. Shri. Gopal Murli Bhagat 8. Shri. Brajeshwar Sharma Duly authorized on behalf of the Indian Banks’ Association Representing the All India Bank Employees’ Association 1. Shri. Rajen Nagar 2. Shri. C.H. Venkatachalam 3. Shri. B.S. Rambabu 4. Shri, P.R. Mehta 5. Shri. J.P. Sharma 6. Shri. Partha Chanda 7. Shri. N. Shankar 8. Shri. D.R, Tuljapurkar 9. Smt. Lalitha Joshi 10. Shri. S.D. Srinivasan 11. Shri. Anirudh Kumar 12. Shri. A.M. Pereira 13. Shri. Rajnesh Gupta 14, Shri. B. Ramprakash WorkmenNational janisation of Bank Workers Shri. K Vinod Kumar Man Mohan Das Shri. Anand Ayyappan 4. Smt. Archana Sowani Prabhakar Awasthi 6. Shri. Gautam Kulkarni 7. Shri. Sunil Singh 8. Shri. T Raghu Ram 9. Shri. Keertivardhan Singh 10.Shri. Zakir Hussain Indian N. nal Bank Employees Federation 1. Shri. Om Prakash Sharma 2. Shri. Narendra Tehri 3. Shri. Siddharth Menon 4. Shri. Ishwar Sanjeev Puthran 5. Shri, Narsimha Murthy M.K 6. Shri. Shubhendra Bhandarkar 7. Shri. Arun Kumar Mishra 8. Shri. Snehal R Petkar15. Shri. M.P. Singh 16. Shri. M. Jayanath 17. Shri. 3.3. Dholakia 18. Shri. V. Udayakumar 19. Shri. K. Srikrishna 20. Shri. Naveen Kumar Modi 21. Shri, Nandakumar Chavan | National Confederation of Bank Employees | 2. Shri. R. Balaji 2. Shri. Sanjeev Kumar Bandlish 3. Shri. Arun Bhagoliwal 4. Shri, Pradip Kumar Baishya akaran | 6. Shri. R. Sriram 7. Shri. L. Chandrasekhar 8. Shri. Milind Nadkarni 9. Shri. Rajesh Kumar Singh 10. Shri. Rakesh Pandey 11. Shri. Anil P. Davar 12. Shri. M. Ravi Kumar 13. Shri. Shivprasad P. Bhamare 14. Shri, Anzil K.N. 15. Shri. Abhoy Deo Sharma 16. Shri. Kshitij Pathak 17. Shri. Raju Kumar Singh 18. Shri. Chittaranjan Panda 19. Shri. Sudip Dutta 20. Shri. Pankaj Kaushik 21. Shri. Dinesh Kumar Singh 22. Shri. Akhil S 23. Shri. Kumar Upadhyay 24. Shri. Rajesh Kumar Kaushal Bank Employees Federation of India 1. Shri. SS Anil 2. Shri. Debasish Basu Chaudhury 3. Shri. Harirao S 4. Shri. Manodip Ghosh 5. Shri. R Ajaya Kumar 6. Shri. Narendra Kumar Nayak 7. Shri. Ranjan Raj 8. Smt. Vinitha P H®) © © © SHORT RECITAL OF THE CASE banks named in ‘the Indian Banks’ Association (IBA) on behalf of its member banks the Schedule I hereto, signed a settlement dated 11" Meee aces the All India Gank Employees’ Association {AIBEA) National Confe ea es ank Employees (NCBE), National Organisation of Bank Workers (NOBW) a Indian National Bank Employees Federation (INBEF) representing the workmen employees of the Banks mentioned in the said Schedule 1, inter alia regarding various terms and conditions of their service. The Settlement dated 11 November, 2020 was operational for a period of 5 years from ist November 2017. The AIBEA, NCBE, NOBW and INBEF (hereafter jointly called the Unions) submitted their Charter of Demands dated 21% October, 2022 for revision in wages and other service conditions of workmen to IBA and requested for negotiations on the same, with a view to arrive at an amicable settlement. Bank Employees Federation of India, who were not a party to the Settlement dated 11% November, 2020, vide their letter dated 21* August, 2023 endorsed the Settlement dated 11% November, 2020 and agreed not to seek reopening of any of the provisions of the Settlement and also submitted a charter of demands. Simultaneously, 18A 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. ‘The parties agreed that the total quantum of wage revision increase (Payslip component) shall be Rs. 4165 crores being 17% of the cost of Payslip Component of establishment expenses of Public Sector Banks for the financial inancial year ending March 2022, which are i parties to this settlement. agreed that the new scale of pay would be constructed eae Allowance corresponding to 8088 points. 3 = after merging Dearness other issues of the Management and Workmen Unions discussed during th settled to the-mutual satisfaction. The minutes recorded as MoU in this regard on phew: a() The parties negotiated the aforesaid demands and issues and have reached an agreement as set out hereinunder 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 25 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 in Reference No. S.R.O. 35 dated 5% January 1952, notified on 26% March 1953 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 modified certain provisions of the Sastry Award (hereinafter referred to as the Awards) as modified by the settlements dated 19" October, 1966, 12" October, 1970, 234 July, 1971, 8" November, 1973, 1% August, 1979, 31% October, 1979, 21* April, 1980, 8 September, 1983, 17 September, 1984, 5" January, 1987, 10" April, 1989, 25% June, 1990, 16%" July, 1991, 29 October, 1993, 14® February, 1995, 14" December, 1996, 28" November, 1997, 27% March 2000, 10% April 2002, 2" June 2005, 27 April 2010, 25% May, 2015, 11% November, 2020 and 10 December, 2020 shall continue to govern the service conditions except to the extent the same are modified by this settlement. (i) In respect of State Bank of India, the provi ns of the Awards as modified by the Settlements dated 31* March, 1967, 24% February, 1970, 15% tember, 1970, 1* August, 1979, 31% October, 1979, 21% April, 1980, ‘ ig 1984, 5" January, 1987, 10 April, oeqi) |, 1991, 29% October, 1993, 14 Feoruary 15 September, 1998, june 2005, 27" April December, 2020 1989, 29 June, 1990, 16” July: 1995, 14% December, 1996, 26" November, 1997, 27% March 2000, 10" April 2002, 22" July 2003, 2 2010, 25 May, 2015, 11 November, 2020 and 10 shall continue to govern the service conditions of the workmen except to is settlement. the extent the same are modified by this the Awards as further In respect of Bank of Baroda, the provisions of modified by the Settlements dated 23% December, 1966, 19% December, 1979, 31% October, 1979, 21% April, 1980, o” 1970, 1% August, 5 January, 1987, 10" April, September, 1983, 17" September, 1984, 16% July, 1991, 29 October, 1993, 14% 996, 28" November, 1997, 27 March 5% May, 2015, 11" 1989, 29% June, 1990, February, 1995, 14% December, 1' 2000, 10” April 2002, 2% June 2005, 27" April 2010, 2 November, 2020 and 10” December, 2020 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 Indian Overseas Bank, the provisions of the Awards as further modified by the Settlements dated 14% December, 1966, 17° December, 1970, 29" July, 1972, 23" March, 1973, 1% August, 1979, 31° October, 1979, 21% April, 1980, 8 September, 1983, 17" September, 4984, 5” January, 1987, 10" April, 1989, 29" June, 1990, 16% July, 1991, 29% October, 1993, 14 February, 1995, 14' December, 1996, 28” November, 1997, 27" March 2000, 10% April 2002, 2nd June 2005, 27th April 2010, 25" May, 2015, 11 November, 2020 and 10" December, 2020 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) and (iii) 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 ES :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 19" October, 1966 and/or other subsequent settiement(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/Settiements which have not been amended/ modified or superseded by this Settlement shalll continue to remain in force. 4. Improvement in productivity, efficiency and customer services While discussing the charter of demands submitted by the unions for revision in wages and improvements in service conditions, both IBA and the Unions took note of the changes taking place in the fast changing banking scenario which are posing multiple challenges to the Banks. Banks have an important role to play in boosting economic growth and hence Banks have become the pivot of economic development. It is observed that banking practices have undergone a sea-change especially with the advent of technology based digital banking services. Hence there is a need and necessity for the Banks in general and the: workforce in particular to understand, assimilate and adopt these changes by updating and equipping themselves to these changed requirements in order to sustain the effectiveness of banking services in the emerging scenario. Banking services and products have to be dynamic to meet the ever-changing requirements and expectations of the customers and banking public. In this background, constantly upgrading the skill-levels of the workforce becomes imperative in order to ensure improvement in productivity, efficiency and view, managements and unions/associations customer service. Keeping this ™ these objectives. YeIn view of the above, the parties herein felt the need and accordingly the revised role, duties & powers have been agreed upon as provided in Schedule I. | 5. Scales of Pay In modification of Clause 4 of Bipartite Settlement dated 11th November, 2020, with effect from 1st November 2022 the scales of pay shall be as under: ~ Clerical Staff 1340 1650 2000 2340 24050 28070 33020 41020 3 3 2 7 4400 2680 57400 _____{61800| 64480] (20 years) 665 830 990 1170 | 19500 22160 26310 30270 a 4 5 4 1345 33 780 | ——) 37815] (20 years) a) Fitment in the new scales of pay shall be on a stage-to-stag b) There shall be no change in the dates of annual increment fitment. ) In the case of Ex-servicemen category employees who Banks on and after 1st November 202: gyAnd have been issued adhoc / provisional fitment, shall be refixed as per the provisions of this settlement with protection of emoluments as per last drawn pay in the Services ‘And in other cases, where regular fitment has been issued, their Basic pay in the revised scales shall be refixed in the same manner ‘as mentioned in Clause (a) above. and in both the cases, there shall not be any recovery of excess emoluments paid on this account, if any. d) The fitment Chart is given in Schedule 111 6. Stagnation Increments In partial modification of Clause 5 of Bipartite Settlement dated 11th November, 2020, both clerical and subordinate staff (including permanent part- time employees on scale wages) shall be eligible for eleven stagnation increments w.e.f. 1st November 2022 at the rate and frequency as stated herein under: The clerical and subordinate staff including permanent part-time employees on scale wages on reaching the maximum in their respective scales of pay, shall draw eleven stagnation increments at the rate of Rs. 2680/- and Rs.1345/- respectively (pro rata in respect of permanent part-time employees) each due under this settlement, and at frequencies of 2 years, from the dates of reaching the maximum of their scales as aforesaid. Provided further that a clerical / subordinate staff (including permanent part- time employees on scale wages) already in receipt of nine stagnation increments shall be eli le for the tenth stagnation increment from 1st November, 2022 or two years after receiving the ninth stagnation increment, whichever is later and draw the 11" stagnation increment two years thereafter. Provided further that those clerical/subordinate staff (including permanent part=increment from 1% November, 2022 or four years after receiving the ninth stagnation increment whichever is later In other words, 10" stagnation increment shall be released 2 years after release of 9! stagnation increment and 11% stagnation increment shall be released 4 years after release of 9" stagnation increment. However, the financial benefit of 10% and/or 11" stagnation increment shall be paid with effect from 01.11.2022 or from the date of release of increment/s, whichever is later. Iilustratior Clerical / Subordinate staff | Eligible for the Additional (including permanent part-time | Stagnation Increment with effect employees on scale wages) from ‘Who were in receipt of 9% Stagnation | 11" Stagnation increment from increment from November 2018 & | 01.11.2022 before | Who were in receipt of 9" Stagnation | 10" Stagnation increment from increment between December 2018 01.11.2022 and 11 Stagnation and October 2020 increment 4 years from the date of iis 3 release of 9% Stagnation increment Who are in receipt of 9° Stagnation|10" Stagnation increment from | increment from November 2020 & after | 01.11.2022 or 2 years after receiving the 9" Stagnation —_ increment, whichever is later and the 11™ stagnation increment two years | thereafter 7. Definition of ‘Pay’ In reiteration of Clause 6 of the Bipartite Settlement dated 11th November, 2020, ‘Pay’ shall be defined as under: For SBI, existing provisions to continue [ i) ‘Pay’ components Eligible for Basic Pay, Stagnation increments, Special Superannuation benefits. es Pay, Graduation Pay / Professional | Provident Fund, Gratuity, Pension, Qualification Pay, Officiating Pay, and|and Defined contributory Pension Increment component of Fixed Personal Pay | Scheme (DCPS) / (NPS) Va ES Yisa ii) ‘Pay’ components Eligible for Basic Pay, Stagnation increments, Special | Dearness Allowance Pay, Graduation Pay/PQP, Officiating Pay, Special Allowance, Transport Allowance [ ili)Pay’ components [| __Eligiblefor | 2 = ; [Basic Pay, Stagnation increments, Special | House Rent Allowance | Pay, Graduation Pay / PQP, Officiating Pay a [es ALE RREEODIETY GRRE 8. Change in designation: With effect from 1* April, 2024, the following designations/nomenclatures will be in vogue: | Existing ‘Changed as Clerk 7 SWO A and SWOB | Customer Service Associate (CSA) Head Cashier Senior Customer Service Associate (Cash) ‘Special Assistant ‘Special Customer Service Associate : ‘Substaff / Peon Office Assistant . Bill Collector / Daftary Senior Office Assistant Head Peon Special Office Assistant Armed Guard Armed Guard/Security Guard Driver Driver Electrician/AC Plant helper | Office Assistant (Tech) is Head Messenger inIOB | Head Messenger in 108 Pky ‘Sweeper/Safaikarmachari | Housekeeper (HK) Part time sweeper Part time Housekeeper / PTHK 9. Special Pay In modification of Clause 11 of the Bipartite Settlement dated 11th November, 2020, with effect from 1st November 2022: ed role and duties of clerical staff/Customer Service Associate / C8} (Cash) / Special CSA, Office Assistant and Special Pay posts 12 aTin subordinate cadre, shall be as provided in Part A of Schedule 1 of this Settlement. (ii) The Special Pay payable to the clerical staff and subordinate staff in banks, shall be as provided under Part B in Schedule II to this Settlement. The Special Pay as mentioned in Part B of Schedule II shall rank for superannuation benefits. (iii) The revised powers of Special Pay posts, other than in State Bank of India, shall be as provided under Part C of Schedule I! of this Settlement. (iv) The rates of special pay and the revised role and duties of special pay carrying posts for workmen staff in SBI may be reviewed and settled at the bank level. (v)_ Tt would be worked out separately in State Bank of India. An amount of Rs. 77.39 crores is set apart for SBI out of the total allocation and SBI will also allocate equal amount at their end for this purpose and shall rank for superannuation benefits. (vi) In all other aspects, the general rules and provisions contained in Chapter V of the Bipartite Settlement dated 19" October 1966 relating to special pay carrying posts, as modified from time-to-time, shall continue to apply. 10. Graduation Pay / Professional Qualification Pay (i) With effect from 1* November 2022, Graduation Pay and Professional Qualification Pay payable to the clerical staff and Subordinate staff in banks shall be as mentioned in Part D of Schedule II to this Settlement, (il) The GraduationPay and Professional Qualification Pay as mentioned in Part D of Schedule II shall rank for superannuation benefits, {ill) In reiteration of sub-clause (xv) of Clause 11 of the Bipartite Settlement dated 11" November, 2020, a member of the non-subordinate cadre acquiring a Graduate/National Diploma in Commerce or JAIIB/CAIIBw) the requisite number of increments in the scale to be earned as advance increments shall in the first instance be released increments for such. lieu of qualification(s) acquired to the extent available in the scale and in 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 case where the non-subordinate employee as on the date of this Settlement, has already acquired or shall acquire hereinafter JAIIB (Part-I) or CAIIB (Part-I1)/ Graduation after reaching maximum of the scale of Pay (in case of JANB/ CAIIB/ Graduation) or after reaching 19" stage of scale of Pay (in case of CAIIB/Graduation), and has not earned increment(s), otherwise entitled on account of acquiring such qualification, when there were no increments to provide in the scale of pay of those employees, the stagnation increment in such cases may be advanced by one year or two years as the case may be. ‘A member of the subordinate cadre acquiring JAIIB/CAIIB (either or both parts) qualification/s ime when he/she does not have the requisite ‘scale to be earned as advance increments » released increments for such qualification(s) lieu of the remaining being so released as advance increments installment of PQP. Release of subsequent we.te of release of PQP ence to the 5 of PQP shail be with refe installment under this clause. employee acquiring such ubardinate cadre he shall be ase of as f the scale of pay, provided that in the ci after reaching the maximum o such qual tallments of PQP wi) qualifications d from the date of acquiring tallment sequent ins ification the first ins grante shall be with of PQP and the release of SUP: reference to the date of release of POP under this clause. provided further that in case where the subordinate cadre employee a5 yent, has al (Part-II) after reaching maximum of or after reaching 19% stage of ‘on the date of this Settlem: ready acquired or shall acquire hereinafter JAB (Part-I) or CAII8 (in case of JAITB/ CAIIB) ‘and has not eared increment(s), ring such qualification, when there f pay of those employees, year or the scale of Pay scale of Pay (in case of CAIIB), otherwise entitled on account of acquil were no increments to provide in the scale o the stagnation increment in such cases may Pe advanced by one two years as the case may be. 11. Fixed Personal Pay In partial modification of Clause XIV of Bi tlement dated 27th March 2000, Clause 13 of Clause 13 of Bipartite partite Settlement dated 29th October 1993, Clause 13 of Bipartite Set the Bipartite Settlement dated 2nd June 2005, nt dated 27% April 2010, Clause 13 of Bipartite Settlement dated 25” 1" November, 2020, Settlemer May, 2015, and Clause 13 of Bipartite Settlement dated 1 the Fixed Personal Pay shall be revised with effect from 1st November 2022 as under: . = ‘Total FPP payable roe Eee able) payable where | _ Increment Areaiot Peat where bank's en "9 | accommodation Panes Component of isnot provided | Sccommodation FPP is provided ) @) @)_ CLERICAL STAFF (4) At all Centres 3155 2680 d VeSUBORDINATE STAFF - 1585 | 1445 1345 (i) Only employees who were in the service of the bank on or before 1* November 1993 will be eligible for FPP, one year after reaching the maximum scale of pay, they are placed in. Those who joined the Banks on or after 2" November, 1993 are not eligible for FPP. (ii) Increment component of FPP shall rank for superannuation benefits. 12. Officiating Pay With effect from 1* April, 2024, In modification of Clause 9.11 (a) (i) and (ii) of Ist Bipartite Settlement dt. 19-10-1966 and Clause 29 of 8th Bipartite Settlement dt. 2-6-2005, a workman employee officiating in the post of Clerk / Officer in Junior Management Grade in Scale 1, either for a continuous period of 4 days or more OR an aggregate of 4 days in a calendar month, shall be paid Officiating Pay of 15% of the Basic Pay of the person officiating and the same shall be payable pro-rata for each day of such officiating plus applicable allowances. 13. Dearness Allowance In substitution of Clause 7 of Bipartite Settlement dated 11th November, 2020, with effect from 1st November 2022, the Dearness Allowance shall be payable as per the following rates:~ Clerical and Subordinate Staff 1.00 % of ‘pay’ per percentage point of Index. Dearness Allowance in the above manner shall be paid for every variation of ise_or fall over 123.03 points in the quarterly average of the All India sumer Price Index for Industrial Workers Base 2016= ee 00. i.e., 0.01%change in DA on ‘pay’ for change in every second decimal place of CPI 2016 over 123.03 points. The change in the Dearness Allowance rate will be released on a quarterly basis ‘on 1% May, 1% August, 1 November and 1* February based on the following: D.Arelease | Quarterly average of CPI | ciicabie for the month qi points of the months 18 May January, February and March | May, June and July 1 August | April, May and June ‘August, September and October i® November | July, August and September | November, December and January i® February | October, November and | February, March and April December (a) Itis clarified that there shall be no ceiling on Dearness Allowance. (b) All other existing provi remain unchanged. (©) While working out quarterly average up to first two decimals will be ns relating to Dearness Allowance Scheme shall considered, 14, House Rent Allowance In continuation / partial modification of Clause 8 of the Bipartite Settlement Ie cao a ee) ae Noweriber 2072 Rate as percentage Area [No Minimum/ No M At all centres Note: (1). ‘Pay’ means as defined in Clause 7 of the (2) Where quarters are provided, HRA shall be recovered shall be 0.15 % of the firs(3) All other existing, provisions relating to House Rent Allowance shall remain unchanged Provided further that when a workman employee is transferred out of the station other than on account of request, he/she may, in lieu of HRA as above, claim reimbursement of house rent upto 150% of HRA otherwise payable and subject to submission of self-declaration for having incurred the said amount. 15. Special Allowance In modification of Clause 9 of the Bi-partite Settlement dated 11.11.2020, with effect from 1.11.2022, workmen employees shall be paid Special Allowance as under: ~ 26.50 % of the Basic pay with applicable DA thereon Note: The Special Allowance with applicable DA thereon shall not be reckoned for superannuation benefits viz., pension including contribution to-NPS, PF & Gratuity. 16. Transport Allowance In partial mo ication of Clause 10 of the Bipartite Settlement dated 11th November, 2020, with effect from 1* November, 2022, Transport Allowance shall be paid as under; All Clerical and Rs. 850 per month Subordinate Staff ith applicable DA thereon Note : (i) The Transport Allowance with applicable DA thereon shall not be reckoned for superannuation benefits viz., pension including contribution to DCPS (NPS), PF & Gratuity. (i) This provision by itself will not preclude the payment of any existing allowance of this nature paid as a result of Government guidelines/bank(il) Conveyance Allowance payable to employees who are persons benchmark disability (PwD) shall be over and above the Transport Allowance payable as above. 17. Compensation for losses due to breakage or damage to goods on Transfer In modification of Clause 25 of Bipartite Settlement dated 11% November, 2020, with effect from 1.4.2024, compensation on transfer, shall be as under: - @, Where an employee produces receipts or a statement of loss in respect of breakages subject to a maximum of: Clerical Staff Rs.2,000/- Subordinate Staff Rs.1,400/- b, Where no receipts/statement of loss are produced, a lumpsum payment of Clerical Staff Rs.1,400/- Subordinate Staff Rs. 1,000/- 18. Halting Allowance a) In modification of Clause 26 of the Settlement dated 11" November, 2020, with effect from the date of this settlement, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters and where Lodging expenses are not claimed / reimbursed: L ar oe] ) «© ith | Places with ee ¢ | Population of 5 lakhs 12lakhs and | 3nd above; State | a bla licrabove and Capitals/ Capitals of eas Union Territories not ite States of Goa | -overed in column (A) Clerical staft | *°1500/- per | ps. i350/-per diem | RS: 1000/-per jiem diem Subordinate Rs, 1100/- Rs.900/- Rs.600/- Staff per diem per diemb) Provided that an employee can also claim lodging expenses reimbursement by production of hotel rent receipt subject to ceilings prescribed hereunder (A) (B) (c) Places with | Places with population | Population of of Slakhs and above, | gua, | 12 lakhs and | State Capitals/ Capitals, pte" | above and of Union Territories not States of Goa | covered in column (A) | | Rs.3000/- | ; Rs.2500/- Rs.2000/- Clerical State Dc day Soraay pereey Subordinate | Rs.1500/- | Rs.1250/- Rs.1000/- Staff per day per day | per day | ©) Provided further that in such cases of reimbursement of hotel rent, boarding charges at 35% of the halting allowance shall be payable. 4) In centres / stations with population of 12 lacs and above, halting allowance as provided under (a) above shall be payable to an employee upon deputation to another office / branch, within the same municipal limits / urban agglomeration, if the distance of such deputation is 20 km and more from the parent branch / office. 19. Washing Allowance In supersession of Clause 27 of Bipartite Settlement dated 11" November, 2020, with effect from 1* April, 2024, washing allowance shall be payable at Rs.200/- p.m., where the washing of livery is not arranged by the bank. 20, Cycle / Two wheeler Allowance. In supersession of Clause 28 of Bipartite Settlement dated 11% November, 24per the quantum indicated in column 3,thereof against each such place, subject to the condition that if at any of the places mentioned in column 2 of Schedule IV 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. a) The overtime allowance paid to the employees for the overtime work performed before the date of this settlement shall not be recalculated on account of this Settlement. b) In partial modification of Clause 14.16 (b) of Settlement dated 19-10-1966, for the purpose of calculating the amount of o ‘the expression: emoluments” shall mean aggregate of ding Stagnation increment, Special Pay, PQP, Special Allowe we thereon, HRA and FPP. | . 24, Payment of Overtime Allowance Medical Aid In partial modification of Clause 20 ¢ November, 2020, with reimbursement of medical restricted to an amount of R For the calendar year 20 All the Banks to evol checkup of all employs All employees shalla cycle/tw members of the subordinate staff who are required to on regular assignment for outdoor duties at Rs.150/- p.m. at all centers. This allowance would not be paid to workman member of the subordinate staff entitled to the allowance for the period of leave where such leave exceeds 30 days, 21, Deputation Allowance: Deputation Allowance shall be at the following rates with effect from the date of this Settlement. 7.75% of Pay with a maximum of Rs. 3750/- | workman employee deputed to serve outside the bank to an organization in a different place | other than the present place of posting per month A workman employee deputed to another |4% of Pay with a organization at the same place or to the training | maximum of — Rs.1875/- [establishment not owned by the bank per month 22. Hill and Fuel Allowance In partial modification of Clause 12 of the Bipartite Settlement dated 11% November, 2020, the Hill and Fuel Allowance shall be payable at the following rates with effect from 1% November 2022: a. At places situated at a height of 3000] 8% of pay meters and above (Max. Rs. 2850/-p.m.) b. At places situated at a height of and over | 4% of pay 1500 meters but below 3000 meters (Max. Rs.1150/-p.m.) c. At places situated at a height of over 1000 | 3 % of pay meters but less than 1500 meters and| (Max. Rs. 950/-p.m.) Mercara Town Note: All other existing provisions shall remain unchanged. 23. Special Area Allowance In supersession of all earlier provisions relating to Special Area Allowance, w.e.f. 1% November 2022, Special Area Allowance shall be payable at places specified in column 2wii) (viii) >) O (xi) (xii) (xii) Employees shall be granted Bereavement Leave on the demise of the family members (spouse, children, parents and parent-in-law) and number of days of such leave shall be decided by each Bank at their level. The intervening holidays will form part of the leave and bereavement leave should be availed within a maximum period of 15 days of the demise. This leave will not be considered as “Active Service” as detailed in clause V (i) of settlement dated 8" November, 1973 for the purpose of Privilege leave calculation. In partial modification of clause V (i) of settlement dated 8" November, 1973, for calculating privilege leave, all types of leave availed except casual leave and mandatory leave will be excluded In partial modification of clause 35 of settlement dated 2% June, 2005, Principal Office bearers of All India Workmen Unions/Ass granted Special leave upto 25 days in a calendar year. tions shall be In partial modification of clause 33 of settlement dated 11 November, 2020, advance notice of 10 days for availing privilege leave be waived for office bearers and Executive Comi union. jttee members of a registered trade Employees who are Defence Representatives in departmental enquiry proceedings may be granted one day special leave for the purpose of preparing the defence submissions of an employee. Such special leave shall be granted for a maximum of ten occasions in a year. In partial modification of clause 34 (d) of settlement dated 11% November, 2020, Maternity Leave shall be granted once to a female employee for a maximum period of 9 months, for legally adopting a child who is below one year of age, all other conditions remaining the same. In partial modification of clause 34 of the settlement dated 11% November, 2020, Maternity Leave may be granted for In vitro fertility F) treatment subject to production of medical certificate, within the hlimit of 12 AW26. (i) aw (it) ww) (vy) (vi) Leave Rules (w.e.f 01.04.2024) As provided in clause 13.4 of the settlement dated 19 October, 1966, a provision will be put in place to record the reason for refusal or postponement of leave by the management. a) In partial modification of clause 36 (b) of settlement dated 11° November, 2020, a single male parent can avail sick leave for the sickness of his child of 8 years and below subject to production of medical certificate, (b) Employees can avail sick leave for the sickness of their Special Ch of 15 years and below for a maximum period of 10 days in a calendar year subject to production of medical certificate. In partial modification of clause 36(b) of settlement dated 11 November, 2020, women employees shall be allowed to take one day Sick Leave per month without production of medical certificate. In partial modification of clause 36(b) of settlement dated 11% November, 2020, in case of employees of the age of 58 years and above, sick leave may be granted towards hospitalization of the spouse at a centre other than the place of work and for 2 maximum period of 30 days in a calendar year. In partial modification of clause XI of settlement dated 17" September, 1984, clause 6 of settlement dated 28" November, 1997 and clause 36 of settlement dated 11" November, 2020, an employee shall be granted sick leave at the rate of one month for each year of service subject to a maximum of 720 days during the entire service. In partial modification of clause 34 of settlement dated 11% November, 2020, the following shall be added as Note 3. “In case of delivery of more than two children in one single delivery, Maternity Leave shall be granted upto 12 months.(xiv) () (xvi) 27. In partial modification of clause 33 of settlement dated 25" May, 2019, 2 days of Casual leave may be availed for half 2 day on 4 occasions in a year out of which 2 occasions would be in the morning and 2 occasions in the afternoon. Note: a. Casual Leave under this category can be availed after applying 24 hours in advance. b. At the time of carrying over the balance in Casual Leave to Unavailed Casual Leave account, the fraction in the balance if any, shall be ignored. Special maternity leave upto 60 days shall be granted in case of still born or death of the infant within 28 days of birth. In partial modification of clause 15 of settlement dated 31% October, 1979 and clause 9 of settlement dated 29" June, 1990, accumulated may be encashed upto 255 days at the time of on death of an employee while in service. such cases, employees are absent from office on .d periods and have exhausted all the leave to their ompulsion to seek grant of extraordinary leave xed in principle to evolve a staff welfare scheme be made for voluntary encashment of Privilege(i) A proper Scheme would be discussed and formulated by the IBA for Implementation by the Banks within 90 days. Leave Fare Concession In partial modification of Paragraph 22 of Bipartite Settlement dated 11” November, 2020, with effect from the date of this Settlement, leave fare concession payable will be the actual return railway fare or steamer fare incurred by the workman and members of his family subject to the following: @) For availment of leave fare concession under a 2 year block for visit to any place within India, the maximum permissible distance shall be 2700 kms. (one way) for the subordinate staff and 2350 kms. (one way) for non-subordinate staff. b) For availment of leave fare concession under a 4 year block for visit to any place in India, the maximum permissible distance shall be 5400 kms. (one way) for subordinate staff and 4700 kms. (one way) for non-subordinate staff. ©) Reimbursement of fare by special trains like Rajdhani/ Shatabdi/ Tejas/ Vande Bharat/Amrit Bharat, etc, (except luxury trains) shall be allowed. d) Where an employee has applied for LFC/leave as per stipulated time and the same is sanctioned and when advance booking of train tickets is not possible, tickets purchased under Tatkal/Premium tatkal will be reimbursed. €) Where an employee has applied for LFC/leave in advance and has also booked the tickets and the LFC is declined or deferred by the management, the cancellation charges will be reimbursed by the Bank. Note : While availing LFC, break-in Journey shall be permitted upto ie o times in the overall journey and train fare actually incurred by the Place upto the entitled distance shall be reimbursed.wholly dependent unmarried children (including step children and legally adopted children) iii, wholly dependent physically and mentally challenged brothers / sisters with 40% or more disability, widowed daughters and dependent divorced / separated daughters, sisters including unmarried/ divorced/ abandoned or separated from husband/ widowed sisters, vi. parents wholly dependent on the employee. Provided that in the case of physically and mentally challenged children irrespective of age, they shall be construed as dependents even after their marriage subject to however fulfilling the income criteria for dependent. The term wholly dependent family member shall mean such member of the amily having a monthly income not exceeding Rs.18,000/-. If the monthly income of the parents exceeds Rs.18,000/- or the aggregate of monthly income of both the parents exceeds Rs.18,000/-, both the parents all not be considered as wholly dependent on the employee. jote For the purpose of medical expenses reimbursement scheme, and Leave re Concession, for all employees, any two of the dependent father, her, father-in-law, mother-in-law shall be covered. The employee will je calendar year 2024, for the purpose of medical insurance scheme / , the revised monthly income criteria of dependents shall be effective 01.10.2024. f Clause 32 of Bipartite Settlement dateg 11!" November, 2020, here an employee has to travel on duty between two places, af) LFC facility for an escort accompanying an employee with benchmark disabilities LFC facility shall be allowed for an escort who accompanies. an employee with benchmark disabilities on the journey subject to following conditions: i, Prior Approval of the competent authority is obtained on each occasion. li, The nature of Physical disability of the employee is such as to necessitate an escort for the journey. In case of doubt, the decision of the head of the Department/Controller will be final ili, The employee with such benchmark disabilities does not have an adult family member as dependent to accompany him/her. iv. The employee with such benchmark disabilities and the escort shall avail of the concession, if any, in the Rail/Bus fare as might be extended by Railways/State Roadways authorities in such cases. Any other person who is entitled to LFC as dependent does not accompany the employee with such benchmark journey. abilities on the 9) All employees will be given an opportunity to exercise an option within 90 days from the date of this Settlement to avail LFC under two years/four years block as the case may be. If no option is exercised within the stipulated period, the earlier option will continue to be operative. 29. Definition of ‘Family’: With effect from 01.04.2024, in partial modification of clause 18 of BPS dated 25-5-2015 and Clause 21 (ii) of the settlement dated 11" November, 2020 for the purpose of medical facilities and for the purpose of LFC, the expression ‘family’ of an employee shall mean: the employee's spouse,he shall be reimbursed actual cost in case of travel by pu nsport or a Rs.11/- per km. plus toll fees, if any, if travel by own vehicle For the purpose of LFC, while travelling by own vehicle, the employee shall be reimbursed a maximum of Rs.11/- per k.m. plus toll f Other existing provisions to continue, 31. Hospitalisation In reiteration of clause 20 of the bipartite settlement dated 25" May, 2015 and as further modified by Clause 23 of the Bipartite Settlement dated 11! November, 2020, the reimbursement of hospitalisation expenses under the Group Medical Insurance Scheme shall continue to be as same as provided therein. Further improvements in the Scheme would be discussed between the parties and finalised within 90 days. Il. In respect of the Scheme applicable to the retired employees, the following modifications in the Scheme have been incorporated in terms of the minutes of Understandings signed between the parties/UFBU on 19° July, 2023 with effect from 1* November, 2023. a) The scheme applicable to retired employees and officers will be a separate scheme. b) Based on this, a separate scheme worked out by and between the parties, the benefits of which would accrue accordingly for retired employees and officers. ©) IBA would float tenders/RFP based on this separate revised scheme for the retired employees and officers. 4) The scheme and terms as applicable to in-service employees/officers will henceforth not be applicable to the retired employees and officers. e) Under this Scheme, the sum insured under the uniform base policy would be Rs. 2 lacs. L Z 29f) Stand-alone ceilings will not affect claims payable in other procedures covered under the policy. 9) The bidder will also quote separate premium for those retirees, where the policy cover only one person h) The above separate scheme/Base Policy for the retired employees and officers would be based on the following :~ i) Bed Charge/room rent/Boarding expenses per day : Metro/Urban centres = Rs. 3000 | Other centres Rs.2500 ICU Charges per day : Metro/urban centres Rs.6000 i [Other centres Rs.5000 iii) Standalone Ceiling/cap on treatments : Treatment Max. reimbursement High fever, typhoid, jaundice, other aliments, etc. requiring hospitalization Rs. 40,000 max. Coronary Angiogram Rs.16,000 ‘Angioplasty Rs.1,00,000 CABG - bypass surgery Rs.2,00,000 ‘Open heart surgery for vaive replacement Rs.2,00,000 Cataract Rs.30,000 Cost of intra-ocular lens Rs.10,000 Knee Replacement Rs.1,00,000 Uthotripsy - multi sitting - kidney stone removal Rs,35,000 Hip replacement Rs.1,00,000 Rs.15,000ia Hydrocele Piles/hemorrhoidectomy a Rs.30,000 Appendicectomy Rs.30,000 | Cholecystectomy ro | Rs.40,000 Prostatectomy acd =| _ Rs.40,000 i} [Fess i eee | RE.50,000 | Dialysis ao Rs.2,000 ss Female Diseases/Surgery | Hysterectomy F — |__Rs.40,000 | Mastectomy i Rs.40,000 Cost of implants ir Max. Temporary Pacemaker implantation Rs.30,000 Permanent Pacemaker Implantation Rs.40,000 Cost of Stent Rs.30,000 | In case the patient is to be moved to a hospital / nursing home outside the urban agglomeration / municipal limits, then the expenses incurred on conveyance may be reimbursed at the following rates : ‘Ambulance Category Ceiling Non-Cardiac Rs.2,500/- Cardiac Rs.5,000/- er Charges : Ventilator or respiratory charges-Rs.5,000/- per day + oxygen charges Oxygen charges Rs.100/- per hour (Max.Rs.1,000/- per day) L G4