Bank Employee: Now the salary of bank employees is going to increase, the formula will be finalized in 5 months

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Salary Revision Update: Due to the increase in Dearness Allowance this year, the salaries of Central Government employees as well as many State Government employees have also increased. Now it’s his turn…

The employees working in various public sector banks of the country are going to get good news soon. Soon those employees can get the gift of increase in salary. For this, preparations have been made by the Finance Ministry.

finalize by december

According to a report in Business Today, the Finance Ministry has directed the Indian Banks’ Association (IBA) to revise the salaries of employees of public sector banks. The ministry has asked the IBA to finalize the wage revision for public sector bank employees by December 1, 2023.

just finished last year

The current wage settlement of employees of public sector banks is due to expire on 1 November 2022. Since then talks are going on regarding pay revision, but the solution has not been found yet. The IBA and unions representing bank employees have been in continuous talks for wage hike and a new wage settlement.

This trust is with the Ministry of Finance

The Finance Ministry has written to the IBA saying that the government is committed to ensure that the interests of the employees of the banks are protected. The government also expressed confidence that the IBA and the bank unions would arrive at a suitable solution at the earliest. The finance ministry has also told the IBA that any further wage negotiations should be completed before the old agreement expires.

it delays

In fact, even in the case of employees of public sector banks, due to various reasons, it takes time to agree on a salary hike. These factors range from the financial health of banks to the cost of living of employees. This is the reason why it takes a long time to finalize the agreement every time.

(pc rights of employees)

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