Outcome of issues for 11th BPS meeting held on 18-08-2018

Core committee of award staff unions and IBA under the chairmanship of G Rajkiran Rai MD,Union Bank of India concluded today on 18.08.18 at IBA hall Mumbai.

Details of the issues agreed :-

*  Revised DA Formula and improvements in compensation against price rise:--- UFBU will submit a details note. 

*  Regarding HRA reimbursement:----On producing rent receipt which will come under load factor. 

*  Increase in Transport Allowance:-–- Substantial increase 


*  Leave matters

- CL no increase. 
- PL:--- Other than LFC 10 days notice required. 
- SL:--- Over 30yrs 30 days per yr maxm 720days. 
- Sick leave may be granted to women employees to look after sickness of a child below 8yrs.Over and above maternity leave another 2months to be given to cover cases of hysterectomy wherein maternity leave is already exhausted.
- Paternity leave will be granted for child adoption.
- Extraordinary leave will be permitted up to 120 days.It is agreed to give detailed notes on Leave Bank. 

*  Improvement in LFC

- For clerical 4400/2200kms actual travel.
- For Substaff 5100/2550kms actual travel.Road mileage charges 8/- kms in place of 6/-kms.
- Sight seeing and local charges will be paid by the Bank within overall limit.GST will also be reimbursed.Train fare of Rajdhani n Shatabdi will be reimbursed.

* DA link Pension

- Service charges livied on employees under NPS will be borne by the Bank.


* Dependent Income

- It is agreed to Rs 12000/-in place of Rs.10000/-.pm.

* Improvement in other allowance

- Substantial increase (around 15%)in cycle washing and other allowances.

* New Allowance Introduced

- Lodging allowance in which amount will cover later.

* Deployment policy

- It is agreed for Rs 600pm. In other like subatical leave , Gratuity ,Annual Medical ,Pension ,Family pension will be discussed in main negotiating committee.
- Some of the issues like 5days banking ,PH issues ,All area allowances, Absorption of temperorary workers will follow govt guidelines. 


Next full negotiating committee will meet on 14th Sept 2018 .
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