Salary Hike Bank Employees: Big news is coming for bank employees. Bank employees may soon see an increase in their salaries in the new year. According to a statement issued on December 7, the Indian Banks Association (IBA) and other bank unions have reached a consensus on salary revision.
Bank Employees Salary Hike: Big news is coming for bank employees. Bank employees may soon see an increase in their salaries in the new year. According to a statement issued on December 7, the Indian Banks Association (IBA) and other bank unions have reached a consensus on salary revision. A consensus has been reached on an annual increase of 17 percent in salary for 5 years starting from the financial year 2021-22. This increase in salary will be effective from November 1, 2022. However, the unions have demanded that all Saturdays be declared public holidays for banks before signing the salary agreement.
Decision on 5 days working will be taken soon
This means that a Memorandum of Understanding (MOU) has been put in place between the IBA and the United Forum of Banks and other unions and associations for a bilateral agreement. However, the unions will sign the final agreement only when the decision on five-day working is announced.
