c/o Singapore Plaza, 164, Linghi Chetty Street, Chennai Reg: Revision of wages and service conditions of bank employees

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1 ALL INDIA BANK EMPLOYEES ASSOCIATION NATIONAL CONFEDERATION OF BANK EMPLOYEES BANK EMPLOYEES FEDERATION OF INDIA INDIAN NATIONAL BANK EMPLOYEES FEDERATION NATIONAL ORGANISATION OF BANK WORKERS c/o Singapore Plaza, 164, Linghi Chetty Street, Chennai To Chairman Indian Banks Association Mumbai Sir, Phone : , Fax: , E Mail: ufbu2007@gmail.com 29 th October, 2007 Reg: Revision of wages and service conditions of bank employees You are aware that the 8 th Bipartite Settlement on wages and service conditions of employees will get expired on and the need has arisen to revise the same having regard to the all-round increase in the cost of living, erosion in the wages of the employees on account of spiraling price rise, increased workload on the employees, contributions of the employees in improving the business of the Banks, etc. Accordingly we submit herewith a common charter of demands on behalf of our five organizations for revision of wages and service conditions and urge upon the IBA to initiate negotiations with the Unions to finalise the Settlement at the earliest. Thanking you, Yours faithfully, Sd. C.H. VENKATACHALAM GENERAL SECRETARY AIBEA Sd.. V.K. GUPTA GENERAL SECRETARY NCBE Sd.. sd.. sd.. PRADIP BISWAS SUBHASH S. SAWANT ASHWANI RANA GENERAL SECRETARY GENERAL SECRETARY GENERAL SECRETARY BEFI INBEF NOBW Encl: Common Charter of Demands

2 ALL INDIA BANK EMPLOYEES ASSOCIATION ( AIBEA) NATIONAL CONFEDERATION OF BANK EMPLOYEES ( NCBE ) BANK EMPLOYEES FEDERATION OF INDIA ( BEFI ) INDIAN NATIONAL BANK EMPLOYEES FEDERATION ( INBEF ) NATIONAL ORGANISATION OF BANK WORKERS ( NOBW ) COMMON CHARTER OF DEMANDS FOR 9TH BIPARTITE SETTLEMENT ON REVISION OF WAGES AND SERVICE CONDITIONS OF BANK EMPLOYEES 1. BASIC PAY : - a) Increase / Revision of Basic Pay by merger of D.A. payable at average Index for the Quarter July-September b) After Merger new Pay Scales to be arrived at by adding 40% to Clerical Staff and 45% to Subordinate staff. c) 10 Stagnation increments - once in 2 years for both Clerical & Subordinate Staff. d) Fitment on Stage to Stage basis. 2. DEARNESS ALLOWANCE : - a) Same D.A. formula to continue. 3. HOUSE RENT ALLOWANCE : - a) H R A to be paid at the same rate on the revised Pay b) Introduction of Leased Accommodation to employees. c) Payment of HRA on Capital Cost / Rent receipt basis upto 150% of normal entitlement. d) Where accommodation is provided by Bank to employees residing in bank's Quarters / Project Areas no recovery to be done from salary. Difference in HRA after reducing the standard rent should be paid to such employees. e) Payment of HRA in branches in SEZ/NEZ/EPZ to be made at par with Project Areas.

3 4. CITY COMPENSATORY ALLOWANCE : - a) Same percentage of CCA on revised Basic Pay. b) Revised ceiling of minimum and maximum on CCA c) Definition of CCA Centres: i) Higher centers : 10 Lacs and above + Goa ii) Lower Centers : 2 Lacs + State Capitals, Chandigarh, Port Blair, Pondicherry 5. SPECIAL PAY : - a) Same Increase as Basic Pay b) EQP/PQP/FPP to be revised on the same basis c) Substaff Additional increment for additional qualifications 6. TRANSPORT ALLOWANCE : - a) To be increased to Rs per month Or b) Reimbursement of Petrol cost upto 25 ltrs. Per month 7. MEDICAL AID & HOSPITALIZATION : - a) Increase in Annual Medical Aid to Rs b) Improvements in Hospitalisation Expenses Reimbursement Scheme. b) 'Family' definition to be enlarged. c) Increase in income limit to determine dependency. d) 100% reimbursement of actual expenses to employees & family members. e) Enlargement of treatments covered under Domiciliary

4 treatment. f) Coverage of new treatments wherein surgery is done without admission as in-patient. g) All recognised Alternative Medicine streams to be covered h) Revision / enlargement under Package charges scheme. i) All pathological investigation tests as prescribed by the Doctor/Hospital to be covered for reimbursement. 8 LEAVE FARE CONCESSION : - a) Liberalisation / Improvements in Class of Travel, Mode of Travel, Distance, Periodicity, option of blocks, etc. b) In case of employees working in North Eastern States, Jammu & Kashmir, Himachal Pradesh, Andaman / Nicobar and Lakshwadeep Islands, Air Fare upto the main Land Airports to be reimbursed additionally. c) Income criteria for dependents to be suitably revised. 9 LEAVE RULES : - a) Improvements in Leave Rules, conditions, etc. b) Special sick leave to women employees for specific gynecological ailments / treatments within overall entitlement of maternity leave 10 OTHER ALLOWANCES :- a) Adequate increase of all existing allowances and improvements and additions. 11. LOANS & ADVANCES : - Improvement to quantum of Staff Housing loan / Vehicle Loan and reduction in rate of interest and increase in Festival Advance.

5 12. SUPERANNUATION BENEFITS: I) PF at 12% of Pay and DA II) Gratuity at 1 month pay for each completed year of service Max. 30 months III) IV) Updation of Pension of past retirees and improvements in Pension scheme Extension of para 368 of Sastry Award to pension optees. 13. PART TIME EMPLOYEES : - a) All part-time employees on consolidated wages to be appointed on Scale Wages. b) Reimbursement of Hospitalization expenses and LFC at par with full time employees. c) Scheme for elevation to full time. d) Pension to be paid on total service and not on pro rata 14. DISCIPLINARY ACTION AND PROCEDURE: a) Improvement in Subsistence Allowance b) Punishments not to be implemented until disposal of appeal. c) Deletion of certain clauses of settlement which are being misused. 15. SPECIAL PROVISION FOR NORTH EASTERN STATES, LADAK, LEH AND OTHER AREAS : - Improvements in Special Area Allowance payable in North Eastern States and other difficult areas to be at par with Central Government employees. 16. OTHER DEMANDS : -

6 a) No contract labour to be engaged. b) No outsourcing of Banks' regular, routine, permanent jobs. a) Regularization of all temporary/casual/outsourced and contractual employees. 17. Deletion of para 522(1) of Sastry Award. Modification of para 535 and 536 of the Sastry Award. 18. Extending Medical Aid and LFC to retired employees. 19. Introduction of 5 Day Week 20. Allocation for Staff Welfare Schemes should be increased to 5% of Net Profit and without any upper ceiling 21. Introduction of intra-cadre career progression scheme for clerical and substaff. DATE OF EFFECT :- 1st November, GENERAL :- Unions reserves the right to alter, amend, delete and add to the above demands.

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