Punjab National Bank (PNB), one of India’s leading public sector banks, has recently announced the implementation of arrears and increased salaries for its employees. This move comes as part of the 12th Bipartite Settlement, a significant agreement between bank management and employee unions. The settlement aims to address the long-standing demands of bank employees and improve their financial well-being. The decision of PNB to fulfill its commitments under the settlement demonstrates its commitment to its workforce.
Arrears and Increased Salaries:
Under the terms of the 12th Bipartite Settlement, PNB has made provisions for the payment of arrears and increased salaries to its employees. This move will not only benefit the employees but also boost their morale and improve their overall financial stability. The settlement, which has been eagerly awaited by the bank employees, will provide a much-needed relief to them.
Significance of the 12th Bipartite Settlement:
The 12th Bipartite Settlement is a significant achievement that has been long-awaited by bank employees. It addresses several key issues faced by the employees, including salary revisions, arrears, and other allowances. The settlement also takes into account the rising cost of living, inflation, and the demands of the workforce. By implementing this agreement, PNB recognizes the importance of acknowledging the hard work and dedication of its employees.
Employee Welfare and Morale:
The implementation of the 12th Bipartite Settlement will have a positive impact on employee welfare and morale. The arrears and increased salaries will provide financial relief to the employees, enabling them to meet their financial obligations more comfortably. This move will also serve as a motivation for the employees to continue delivering their best performance, contributing to the bank’s growth and success.
Commitment to Employee Satisfaction:
PNB’s decision to adhere to the 12th Bipartite Settlement demonstrates its strong commitment to employee satisfaction. The bank recognizes the importance of valuing and rewarding its employees for their hard work and dedication. By meeting the demands put forth by the employees’ unions, PNB is fostering a positive work environment and establishing itself as an employer of choice within the banking sector.
Conclusion:
Punjab National Bank’s implementation of arrears and increased salaries as per the 12th Bipartite Settlement is a significant step towards ensuring employee welfare and satisfaction. This move highlights the bank’s commitment to its workforce and acknowledges the importance of rewarding employees for their contributions. The settlement will not only provide financial relief to the employees but also boost their morale and motivation. PNB’s decision sets a positive example for other banks and organizations to prioritize employee well-being and work towards fulfilling their commitments to the workforce.
![IBA released FAQs on 12th BPS and Salary Hike of Bank Employees [Download PDF]](https://hellobanker.in/wp-content/uploads/2024/08/OrangeandBlackWithPhotoCameraYoutubeThumbnail_20240821_082218_0000-ezgif.com-jpg-to-webp-converter-390x220.webp "IBA released FAQs on 12th BPS and Salary Hike of Bank Employees [Download PDF]")
What about 5 days banking???
Faltu management people with zero productivity gains the most and gives unnecessary pressure to branch people.
Many people ask what work the Bankers do ?
A big question these days……
Works at Bank :-
1. Lok Adalats
2. ATM management
3. Clearing
4. Pension disbursement
5. Death claims
6. Complaints
7. Filing recovery suits
8. Filing EPs
9. RTI applications
10. Fresh NPA investigation
11. QMC investigation
12. CERSAI registration
13. SARFAESI action
14. Taking Possession
15. Fraud reports
16. Seizure of moveables
17. Auctioning of seized items
18. Auctioning of jewels
19. Agriculture loans
20. OTS settlements
21. SB account activations
22. Current accounts
23. LIC policies charge creation
24. OD facilities
25. PPF accounts
26. E-KYC
27. NRI customers
28. Product marketing
29. Jewel loans
30. Mobile banking
31. Net-banking
32. Corporate Banking
33. Housing loans
34. Vehicle loans
35. Educational loans
36. Compliance to RO/HO
37. Advocates review
38. Valuers review
39. Seizure agents review
40. Jewel appraisers review
41. Bank Adalats
42. TDS/tax management
43. Cash management
44. Empaneling advocates
45. Empaneling valuers
46. Empaneling seizure agents
47. Empaneling jewel appraisers
48. Pnpa followup
49. Quarter end reports
50. Year end reports
51 cif De duplication
52 Self Audit
53 Jandhan yojna
54 Mudra Loan
55 General Insurance
56 aadhaar seeding
57 pmay
58 stand up India
59 pmjby
60 pmsby
61. Net banking failure.
62. ATM failed txn.
63. Maintaining rcrds of ECS return.
64. Soil notes n pre 2005 notes return
65. Repairing of passbook printng kiosk
67. Atm machine problems
68. Managing leave and deputation
69. Responsiblity rectify Failure link.
70. Attending call from zo fgm office ho and Customers
71. Reply on unnecessary queries like Where does my ECS amount go, why atm hotlisting charged debited..🙄
72 rtgs neft failure
73. Edu loan subsidy
74 stock audit
75 Locker SERVICE
76 unit visit
77 asset verification
78. stock statement
79. Filling up diposit and withdrawal slips of illiterate customers
80 banker account balancing
81. Phn service/ mail service to customers
82. Compliance report
83 cash remittances
84 pre sanctions visit
85 post sanctions visit
86 gold bond, apy
87. Upi mobile banking general card
88. cctv not working
89. Electricity bill rent water bill
90. Replying Explanatory Letter
91. Following up of complaint lodged by making calls in regular intervls
92. Maintaining cheque return register….
93. Concurrent audit ho inspection
94. Signature scanning
95. Loging complaint for not allowing to modify like DOB. N chk ready made reply “please contact concerned section..”.
96. Giving clarification to fellow coligs that what we want to to say
97. LPG subsidiary related queries
98. Remembering passwords of all Systems software
99. Answering questions like Why bank cant isue pan card?
100. Removing pins stuck in the keyboard 😀😀
101 Promoting Digital Banking
102 RBI audit
103 Statutory audit
104 Risk focussed internal audit
105 Income tax audit
106 Banking ombudsman Complaints
107 Loading cash to ATM (not outsourced)
108 Govt sponsored schemes
109 Attending meeting and video conference
110 Loan Melas on holidays
111 Attending CBS problem
112 political pressure on sanction of loans
etc etc.
Along with this , branch employee has to read and reply the emails from head office, Regional Office, customers and so on…..
*Bankers are Superman*
___
It’s ok, but what about the retired employees is there any benefit to retirees.
Due to inflation maintenance of family members is very difficult.
Revision of pension is a must alongwith salary revision every 5 years.
Retired employees go to hell. They are no more
Once you retired means you have died. Once
You retired you have no right to ask anything
Whatever they give you ,you must accept, no demand . It is the version of our union leaders
Retired employees are kheedey and makhodey
No right to ask anything
Pankaj Kumar Das
Apart from what Mr Bhanu Prakash feels, Govt also will benefit because TDS will accrue for the year 2023-24 and not next financial year. Huge TDS COLLECTION
Early payment of revised payment is because of it benefited to higher management also. If payments are made to only workmen staff then it takes years.
Whether Ex Gratia (by implication grant/subsidy/charity etc) is taxable as per IT ACT?
Very good but what about it’s retirees?
Any benifit to retired pensioners.
Good news