Category banking general
The Union Finance Ministry has recently notified the wage revision for LIC employees, which will benefit over 1.1 lakh employees in the state-run insurance company. Some key points of the recently notified wage settlement for LIC (Life Insurance Corporation of India) employees are as… Continue Reading →
United Forum of Bank Unions (UFBU) and Indian Banks Association(IBA) signed the 12th Bipartite Settlement on 8th March 24 at Mumbai. The 9th Joint Note for the Officers Associations was also signed simultaneously. History of 12th Bipartite Settlement UFBU submitted… Continue Reading →
As we enter 2024, let us carry the spirit of resilience and unwavering determination.
Here’s to a brighter future, filled with hope, prosperity, and a well-deserved recognition of the valuable contributions retirees have made to the banking sector.
It is the first MOU that has been signed within 14 months of the expiry of the previous settlement. There is a positive development for pensioners, as all pensioners as on 31st October 22 will now receive a long-awaited “ex gratia” amount.
With effect from 1st March 2019, the family pension payable to the spouse of a deceased employee of RBI shall be at the rate of 30% of pay uniformly subject to minimum of ₹9,000 per month, and a maximum of 30% of the highest pay per month in the Bank.
the basic pension amount has been increased from Rs. 100 to Rs. 163. This applies to those who retired before November 1, 2017.
Pension updated M/o Finance by their letter dated 21st June 2023 have updated the Pension of RBI Pensioners who retired prior to 1st November,2017 (CPI =4440) with a multiplication factor of 1.63, from 12th June 23 on the undernoted terms… Continue Reading →
RBI Governor recently launched digisaathi– a 24×7 helpline for Information on digital payment products and services set up by NPCI (National Payments Corporation of India). DigiSaathi will be accessible on WhatsApp for the customers by simply messaging on +91 892… Continue Reading →
Now an attempt has been made to rein in such Banks, Non-Banking Financial companies(NBFCs) and other card issuers. Under RBI’s consolidated Directions, violations of basic norms now invite penalties and fines.
Harassed customers can now approach Banking Ombudsman and claim suitable compensation for the same.
So, we request the Bank to upload the podcast / voiceover version of the circulars issued for the benefit of retirees and such disabled employees on its website / EKP.
AIRBIOPF shall continue to post such videos in future to help retirees.