BANK OF INDIA OFFICERS’ ASSOCIATION
SOUTH ZONE
(Regd. No.1249/MDS) OFFICE OF THE GENERAL SECRETARY,
C/o.Bank of India Building, “Star House”,
5th Floor, Old No.17/ New No.30,
Errabalu Street, Chennai – 600 001.
Phone: 044-25270808, 044-66777590
Fax : 044-25270807
Resi : 044-23635344
E-mail:
Circular No.22/2015 5th June 2015
Dear Comrades,
REVISION IN SUBSIDIZED RENTALS / LEASE ENTITLEMENTS APPROVED
We reproduce hereunder contents of Circular No. 2015/32 issued by General Secretary, FBOIOA for your information.
QUOTE:
All officers who are transferred and posted out of their home zones are entitled for subsidized accommodation or Banks’ flats. The subsidized rentals payable to them are decided by the Management keeping in view the marketing trends. The last revision in the rentals took place in the month of October, 2012. Since with the passage of time, the market rentals have gone up substantially, we requested the Management to consider the need for upward revision in these rentals. The Federation followed up persistently and took up this issue again in the Central Consultative Committee meetings held on 13th May, 2015. Though Management did not give green signal in the meeting, yet with continuous follow up, it ultimately agreed. We are extremely happy to advise that finally, the Board of Directors in the meeting held on 28th May, 2015 approved the revision in rentals as under:
Scale / Mumbai / Delhi / Major ‘A’ Class Cities / A Category / B Category / C CategoryJMG-I / 18000 / 17000 / 15000 / 10000 / 8000 / 6000
MMG-II / 20000 / 18000 / 16000 / 12000 / 9000 / 7000
MMG-III / 22000 / 20000 / 18000 / 14000 / 11000 / 8500
SMG-IV / 25000 / 24000 / 22000 / 15000 / 13000 / 12000
SMG-V / 35000 / 30000 / 24000 / 18000 / 18000 / 15000
TEG-VI * / - / - / 30000 / 25000 / 25000 / 20000
TEG-VII * / - / - / 35000 / 32000 / - / -
* Since all officers in Scale VI and VII posted at Mumbai and Delhi are staying in Bank’s accommodation, no ceiling limit has been prescribed for them at these centres.
However, the circular in this regard is yet to be issued by the Head Office. Our members are requested to wait till issuance of circular and are advised to go through the same meticulously so as to avoid future complications.
SALARY REVISION – PAYMENT OF ARREARS – SATURDAYS OFF
We have been receiving lot many queries from our members and Units about the actual implementation of the Salary Revision i.e. about the payment of arrears and two Saturdays off. Though, we have clarified the process in our earlier communications, we would once again like to reiterate that in case of Award Staff the Bipartite Settlement can be implemented immediately after signing and the revised Salary Revision as well as arrears can be paid immediately after that, whereas, in case of officers, the service regulations are required to be amended. Since the amendment in the OSR is a lengthy process, IBA has already recommended to the Government for payment of the revised Salary and actual arrears on adhoc basis subject to amendments in OSR. The approval of payment of revised salary on adhoc basis and payment of arrears are also required to be approved by the Board of Directors of the Banks. Department of Financial Services (D.F.S), Ministry of Finance (M.O.F.), Government of India has already started the process of giving in-principle approval asked by the IBA. We are hopeful that the approval of the Government will be conveyed within a fortnight. Meanwhile, a couple of Banks’ Boards have already adopted
the Joint Note and have conveyed their approval for payment of the revised salary and arrears on receipt of approval from the Government.
We had also informed you that NOC from Reserve Bank of India regarding two Saturdays off was received by IBA and IBA has sent the same to Department of Financial Services, Ministry of Finance, Government of India along with its recommendation for implementation of 2nd and 4th Saturdays off at the earliest. The Government is known to have sent their in-principle approval to the IBA. Actual implementation of 2nd and 4th Saturdays off would only be after the issuance of notification for which IBA is vigorously following up. This issue may also take another fortnight. We once again assure our membership that these issues are very close to our heart and any development in this regard will be conveyed in no time. Our members are requested to rely on the official communications only and should not rely / forward any news received from unauthenticated sources.
SALARY REVISION JOINT NOTE ADOPTED BY OUR BANK’S BOARD
We are happy to advise our members that our Bank’s Board is the first in the Banking Industry which has adopted the Salary Revision Joint Note. It has also approved ad-hoc payment of revised Salary and payment of arrears.
LEVY ON SALARY REVISION
It has been a practice in the Banking Industry to collect some amount of levy after every Salary Revision. The amount so collected is utilized for welfare schemes of the members like purchase of guest houses etc. for the use of the members and their family members not only during their service time but even after the retirements. At present our Federation has been maintaining six guest houses located at all important places viz. Mumbai, New Delhi, Chennai, Kolkata, Bangalore and Hyderabad. Apart from these, various Units are also maintaining guest houses. These are situated at Ahmedabad (Gujarat Unit), Indore (MP & Chhattisgarh Unit), Patna (Bihar Unit), Pune (Pune Unit), Ranchi (Jharkhand Unit), Varanasi (UP & Uttrakhand Unit), Chandigarh (North Western Unit), Nagpur (Vidharbha Unit), two at Kolkata (Eastern India Branches Unit) and Bhubneshwar (Odisha Unit). Rooms in all these guest houses are available to the members and their family members at very nominal rates, necessary for maintenance of the same.
Our Federation in its last Executive Committee Meeting held on 30.05.2015 has decided to collect 3% of arrears, net of PF before tax, minimum 1200/- and maximum 5000/- from all the members at the time of payment of revised Salary Arrears. This amount will be shared among Units, Federation, AINBOF and AIBOC. All our Units are requested to ensure collection of levy amount, uniformly as advised above from the members and remit Rs.1200/- per member to the Federation. The Federation shall be remitting part of which to the AINBOF and AIBOC. UNQUOTE
II. EC Meeting of our Unit held on 27th and 28th April 2015 at Puducherry.
The ExecutiveCommitee of BOIOASZ met at Puducherry on 27th and 28th April 2015.
President Com.A.C.Bharat Bhushan presided over the meeting. Our General Secretary explained the recent developments relating to wage Revision, and the developments in our Bank in detail. He said the General Members meeting held at Puducherry the previous day evening was well attended by our members from the cluster with over 35 officers assembling at short notice at our Puducherry branch. The interaction during the meeting which covered developments at organizational level, apex level, Bank level and our Unit level was very lively with active two-way interactions between the leaders and the officers from branches of Puducherry, Kadhirkamam, Cuddalore, Kottakuppam, Thavalakuppam, Chidambaram, Kumarakudi, B.Odaiyur, Kappur, Villupuram, Gingee, Virdhachalam, Kurinjipadi and other nearby branches.
During the proceedings, the Executive Committee discussed on various issues pertaining to the officers to be taken up effectively at Zonal Consultative Committees at Chennai and Coimbatore and Central Consultative Committee at apex level. Under “Any other Matters” discussion took place threadbare and decisions were taken in respect of the resignation letters of Com.Pichairathinam, E.C.Member, Com.Rajendran, Assistant General Secretary and Com V.Ramachandran, Vice President who have submitted their resignation for participating in Scale-IV promotion process and Com.Samipillai submitted his resignation under personal reasons to keep up the rich principles of our unit. Keeping true to our Code of Conduct and rich traditions and culture of our unit, the Executive Committee accepted their resignation and passed the same unanimously. Our General Secretary placed on record the contributions made by them to the organization and thanked them profusely. To fill the vacancies arising out of these resignations and to ensure that members of their constituencies/clusters do not miss representation, the committee decided to exercise its Powers Under the Constitution of our unit and co-opt four Executive Committee members from our membership. Many names were discussed by the core committee and after an in depth analysis of the track record of the short listed loyalists and with an aim to induct young blood into the unit the following names were finalised and placed before the committee. After a thoughtful discussion the committee approved unanimously their cooption as under:
S.No / Name / Co-opted as1 / Com.N.Parthasarathy / Executive Committee Member
2 / Com.Periya Thambi / Executive Committee Member
3 / Com.Deepan Ghosh / Executive Committee Member
4 / Com.Shantha Mani / Executive Committee Member
We wish the newly co-opted Executive committee members all the best in their new assignment. We are confident that they will serve the Officers’ Community effectively as per the tradition of our South Zone Unit.
Long Live our Unity-Long Live BOIOA-South Zone
With Fraternal Greetings, Yours Sincerely,
(Dr.V.Chidambara Kumar)
GENERAL SECRETARY