Bank Employees Salary Hike: Salary of bank employees may increase before Holi. About 9 lakh bank employees working in public sector banks can get a big gift on March 8, 2024. Salaries of bank employees may increase. In fact, the salary hike of bank employees can be approved before the announcement of the dates of Lok Sabha elections to be held after a month.
You may get the gift of salary increase on March 8
CH Venkatachalam, General Secretary, All India Bank Employees Association, said that earlier the Indian Bank Association had invited to sign the final agreement on salary increase on March 11, 2024. But now Indian Banks Association has changed the date of signing. The date of the agreement has been changed to 8 March 2024 and the place of signing the agreement has also been changed from Chennai to Mumbai. There will be a meeting between IBA and bank unions in Mumbai on March 8 and the wage hike agreement can be signed on the same day. It is believed that the salary of bank employees may increase by 15 to 20 percent.
IBA invites UFBU to sign the wage revision Settlement At Mumbai on 8th March, 2024 ( instead of 11th)#12thBPS#UFBU#AIBEA pic.twitter.com/uwoCY1AHHD
— CH VENKATACHALAM (@ChVenkatachalam) March 6, 2024
Employees will benefit
On the salary front, the IBA and bank employee unions last year reached an agreement for a 17 per cent wage hike across all public sector banks (PSBs) in India, amounting to Rs 12,449 crore. If the Center increases the salaries of bank employees, then 3.8 lakh employees of the private sector and about 9 lakh employees of the public sector will benefit. The MoU signed by IBA and bank employee unions following talks held on December 7, 2023, included a commitment to finalize the salary revision within 180 days.
