sone ws Rig fe a@Qretraystatrats PUNJAB & SIND BANK (Ra BTER & SIRF) (A Government Of India Undertaking) ar, ave Santa Pere Rec H.0. Human Resources Development Deptt. ao, Sth Floor, Bank House, Oe eA ot. 410008 22, Rajendra Place, New Delhi 110008, voli aaiinine Phone: 011-25716407 pata: ho.hrd@psb.co.in meee, E-mail: ho.hrd@psb.co.in "Pere Wilua SEAT Stall Cireular No. adsl ‘as Date: 24.12.2020 ‘aaier eRE WEATCode No. of the Department + H9012 ‘aftua fr [5S FeaNumber of pages of Circular 203 ALL BRANC! REG: JOINT NOTE SIGNED BETWEEN THE INDIAN BANKS’ ASSOCIATION AND OFFICERS’ ASSOCIATION ON 11™ NOVEMBER 2020 AT MUMBAI- SALARY REVISION OF OFFICERS We are pleased to inform that after holding discussions at National Level, a Joint Note has been signed on 11" November 2020 by Indian Banks’ Association and Officers’ Associations, viz, All India Bank Officers’ Confederation (AIBOC), All India Bank Officers’ Association (AIBOA), Indian National Bank Officers’ Congress (INBOC) and National Organisation of Bank Officers (NOBO). In this context, IBA vide their letter No. CIR/HR&IR/2020-21/KIBPS dated November 19, 2020 advised all the member Banks that: a. the Government of India, DFS vide their letter F.No. 4/2/2/2015/IR dated December 18", 2020, has conveyed No Objection to Public Sector Banks to pay ad-hoc amount of arrears, revised salary, allowances to serving officers, and revised pension and arrears to existing pension optees who have retired, with effect from 01.11.2017, as per agreed provisions of the Joint Note Dated 11.11.2020, pending amendments to relevant regulations as per procedure laid down under relevant enactments, subject to adjustment of ad-hoc amount already released. b. as regards to the proposal for up-dation of Family Pension and increase in employer's contribution under the New Pension Scheme (NPS), which were recommended as part of Joint Note/ Bipartite, they are required to submit some more information and decision on the same will be advised by DFS separately. reREG: JOINT NOTE SIGNED BETWEEN THE INDIAN BANKS’ ASSOCIATION AND. OFFICERS’ ASSOCIATION ON 11™ NOVEMBER 2020 AT MUMBAI- SALARY REVISION OF OFFICERS ©. To take appropriate steps to implement the Joint Note/ Bipartite in their respective Banks as mentioned in paras (a and b) above. All other terms of the Joint Note/Bipartite may be implemented from respective dates as per Joint Note/Bipartite. Accordingly, the Board of Directors has approved as under: a. To disburse the revised salary on ad-hoc basis from the month of December 2020 and henceforth to officers as per the provisions of Joint Note. b. To pay arrears of pay and allowances to officers w.e.f. 01.11.2017 as per provisions of Joint Note (subject to adjustment ad-hoc amount already released). A copy of Joint Note along with its annexures sent by IBA vide their letter No CIR/HR&IR/XIBPS/9314 dated November 12, 2020 is enclosed for information as per Annexure. With a view to facilitate the calculation of arrears, we also enclose the following charts/statements:- 4. Chart showing Existing and Revised Basic Pay, CCA, HRA FOR Officers Scale- wise. (Annexure-A) 2. Chart showing Existing Deamess Allowance payable to Officers for the period from November 2017 to November 2020. (Annexure-B) 3. Chart showing Revised Dearness Allowance payable to Officers for the period from November 2017 to November 2020. (Annexure-C) 4. Chart showing Existing Special Allowance and Dearness Allowance thereon payable to Officers for the period from November 2017 to November 2020. (Annexuro- D) \ ir Wy, age 2 of 3 % S Page 2 o:REG: JOINT NOTE SIGNED BETWEEN THE INDIAN BANKS’ ASSOCIATION AND OFFICERS’ ASSOCIATION ON 11™ NOVEMBER 2020 AT MUMBAI- SALARY REVISION OF OFFICERS 5. Chart showing Revised Special Allowance and Dearness Allowance thereon Payable to Officers for the period from November 2017 to November 2020. (Annexure- E) 8. Chart showing Learning Allowance and Dearness Allowance thereon payable to Officers for the period from November 2017 to November 2020, (Annexure- F) ‘The above charts are being enclosed for information and to facilitate calculation/checking of arrears payable to officers. Checking of Arrear Calculation Sheets:- All Zonal Managers are advised to prepare the arrear sheets in terms of Joint Note dated 11" November, 2020 for officers and get the same checked! verified from respective Zonal Inspectorate. For Officers working under Head Office Departments, arrear sheets will be checked/ verified by HO Inspection Department. Further, as per Annexure V to Joint Note dated 11.11.2020, from Calendar Year 2020, Privilege Leave encashment shall be permitted at the rate of 5 days for each Calendar Year at the time of any festival of the employee's choice. Employees who have completed 55 years of age on 01.01.2020 and above shall be entitled to encash at the rate of 7 days for each calendar year, til retirement as an one-time measure. In this regard, employees are advised to encash their privilege leave for the year 2020 latest by 31.12.2020. The proforma for Annual Encashment of Privilege Leave is enclosed as Annexure - G. All concerned are advised to take note of the above guidelines and also to bring the contents of this circular to the notice of all staff members working under their jurisdiction. (Kamesh Sethi) General Manager (HRD) “lw } cS Vy Page 3 of 3