Monday, December 5, 2011

Bank officers seek parity with SBI for pay and benefits

All India Bank Officers Association recently wrote a letter to Ministry of Finance with the following demands :
1. Extension of special package of 6.5% of Revised Basic pay to officers of State Bank of India with effect from 01.11.2007.
2. SBI offers to its new recruits 4 more increments than what nationalized Banks offer. This anomaly to be rctified.
3. SBI has scheme under which its officers are given automatic upgradation of scales, based on seniority, upto Scale III.  This to be extended to other banks also.
4. Further, SBI provides three retiral benefits to its employees.  Pension, Provident Fund and Gratuity.  But in Nationalised Banks, officers get only two retiral benefits viz., Pension and Gratuity.  This disparity leads to discrimination even after one’s retirement from service.
5. 5day's week to be introduced in Banking sector.
View the Full Text of the letter



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