Wages and allowances of employees of Public Sector Banks (PSBs) at par with 7th CPC

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Salary and allowances of PSBs Employees are being fixed as per wage negotiation between IBA and UFBU (an umbrella association comprised 9 Bank Unions) which are unconstitutional and unregistered bodies. 10th wages revision ended as on 31st oct 2017 and 11th wages revision become due w.e.f. 1st November 2017.

There is huge difference between wages of bank employees and central/ state government employees after implementation of 7th CPC w.e.f. 1st january 2016 for government employees. Our constitution gives right of equal pay for equal work. Bank employees strongly demand wages of bank employees at par with 7th CPC w.e.f 1st November 2017.