Bank Employees Salary Hike: Bank employees may soon get double the benefits. Talks are going on between IBA and bank unions regarding salary increase and five-day working hours.
Bank Employees Salary Hike: Government bank employees may get good news soon. Indian Banks Association (IBA) has proposed a salary increase of 15 to 20 percent for government employees.
Along with this, it has also been said that there will be work for 5 days. According to the report of Financial Express, talks between Indian Banks Association (IBA) and bank unions have reached the final stage. In such a situation, a decision on both these matters is possible soon.
IBA said this
While talking to Financial Express on the matter, IBA has said that this is the first time that the talks regarding salary increase have started from 15 percent. In such a situation, one can get the benefit of salary increase of 15 to 20 percent in the meeting, which is the best in the last many years.
The existing wage agreement between Public Sector Banks (PSBs) and IBA has expired on November 1, 2022. Since then, talks are going on continuously between bank unions and IBA regarding salary increase. If the talks are finalized on the agreement of five days’ work and salary increase, then these rules will also apply to the employees of Regional Rural Banks.
There has been a long standing demand for working five days a week.
Bank unions have been demanding for a long time to implement the five day working rule. At present there is a holiday in banks on second and fourth Saturday. If the demand for 5 day working is accepted, then in such a situation the working time of the bank will increase by 30 to 45 minutes for the remaining five days of the week. A decision on this is possible in mid-December.
Gift can be given before general elections
General elections are going to be held in the country next year. In such a situation, the Finance Ministry can give two days leave in a week along with salary increase to lakhs of bank employees across the country.
After the agreement between IBA and Bank Union, this proposal will be sent to the Finance Ministry. The new rules will be implemented after getting approval from the Finance Ministry.
