Official AIBEA Circular , Giving Details about the Salary Details of Clerical & Sub Staff for Banks

Here is the detailed notification of AIBEA circular showing details about the salary structure of Clerical and Sub staff of PSB and SBI after the new wage revision.

There was quite a bit rumours about the details of pay structure and there were several news and various details given but now this is the final and official circular of AIBEA for latest pay revision of bankers.

Starting Basic for Clerk 11,765 and Substaff 9560
HRA @ 10% in Big Cities.

Is this a news or Rumors Regarding Holiday for Bank on 2nd and 4th Saturdays

Just found the following message getting circulated on the Internet and other communication channel but the authenticity of the same is not known , Still we are not sure whether its the confirm news of just a rumuors spread by some.

" The Govt of India, Ministry of Finance , Banking Division has approved 2nd and 4th Saturdays as holiday vide a communication reference number BD/AFP/PSB/GEN127-54/379 Dated 30th March 2015 and sent to IBA and RBI. Notification by RBI is expected shortly."


Our View : We need not to jump on any conslusion before some official news or notice comes from Govt of India or IBA or RBI , but there seems to be a positive developments with regards to 2nd and 4th Saturday holiday for Bank employees.

IBA Circular regarding 2nd and 4th Saturday Off for Banks in India

Following is the Original Copy of IBA ( Indian Bank's Association ) regarding negotiation between Bank Union and IBA regarding 2nd and 4th Saturday Holiday for Banks in India under NI act.

Our Verdict : With so many rounds of negotiations finally we have seen that some conclusion has been arrived or at least some positive have come for the poor public sector bankers, by going through this circular dated 21 April 2015, we can say that sooner or later there will be 2nd and 4th Saturday off for bankers then exact date is not known but we can assume that it may happen from June or July 2015.

Regarding the issue on number of Holidays , it seems that IBA wants to reduce the number of holiday under NI act for bankers but this seems to be a tough nut to crack as the holidays available to banker under NI act are lesser as compared to State / Central government employees presently. And these days the holidays or festivals are becoming more of a political tool , we assume that hardly there will be any reduction in the existing holidays for banks and one or the another state government announcing holiday on Festivals and Birthdays of old prominence leaders in days to come we may see even increase in the number of festival holidays for banks state wise

At Last Some Confirmation from AIBEA - 2nd a& 4th Saturday Likely to be in place

Today All India Bank Employees Association ( AIBEA ) has issued a circular letter No 27/122/2015/18 Dated 2nd April , 2015 which says that there shall be Full Holiday on 2nd and 4th Saturday of every months, but the exact date of implementation has not yet been made public.

Hence it is likely that , the date may be some future date rather than 11th and 25th April 2015, It looks that after the confirmation of RBI and IBA the exact date shall be announced for implementation of 2nd and 4th Holiday for Public Sector as well as Private sector bank staff.

Our Verdict : With this confirmation , AIBEA has put a hold on the discussion that , the 2nd and 4th Saturday off for bankers was put on hold or scrapped as was the news previously published all over as well as on our blog site www.apnajobs.blogspot.com , with this confirmation of circular , the copy of which is attached with this post, now there shall be a 2nd and 4th Saturday off for bankers , for exact date announcement will be made later, but we think that this may happen from the Month of May or June 2015 after the final implementation of wage salary revision.