Bank Salary Increase for Bank Employees Approve
appy news at last for bank employees! The Indian Banks` Association & Banking Unions settled the wage dispute on Friday, by agreeing for a 17.5% increase in salary. Added to this,few other decisions like second pension option ,outsourcing etc., were also taken.
More than 7 lakh public sector bank employees including clerks,officers & other staff will benefit as a result of this salary hike of 17.5%,(effective November 2007).This wage increase for bank employees comes after 2 years, with a number of talks & discussions involving the unions & bank association.
New Employees : Candidates recruited recently or joining hereafter will come under the new salary structure directly,after its implementation.Since the revision has been dated effective Nov 2007,the arrears amount would also be paid to those who are currently working in public sector banks.
The Previous pay scales of Clerks & Probationary Officers.
With the increase in salary for public sector banks,more candidates will look at banking jobs to be more secure & well paid.
