Some Bank Wage Revision Updates and Update on 2nd and 4th Saturday Holiday

With wage settlement done and already signed now it is the time for some update as when one would be getting arrears and other benefits and most important of them being from when the 2nd and 4th Saturday Holiday for bankers shall going to be implemented.

• Final wage revision has been signed and charts are already out for various cadres and  pay scales.
• Arrears shall be payable from this month onwards that is from June 2015 only but it all depends upon banks to banks for instance some banks like Canara Bank pays the arrears very early as compared to other public sector banks.
• The increase salary after the new wage revision implementation shall be payable to bankers from June 2015 onwards.
• On the holiday on 2nd and 4th Saturday front it be implemented from July 2014 onwards according to reports from RBI and Govt of India.
• Clarification on Medical or Cashless hospitalization is not fully final yet and may be clear in due course of time.

For any doubts and comments do post in the comment section. Your comments are highly appreciated.