What are the residual issues of Bankers?

When UFBU deferred its strike from 28 to 30 September 2026, it was decided to form a high level committee for 5-day banking and resolve the pending residual issues.

IBA also agreed to start the discussions on the Residual issues. But what are these residual issues?

The residual issues are the demands of Bank employees that have not yet been fulfilled. These demands were put in 12th BPS but till now these demands have not been fulfilled.

Following are the demands of Bank Employees that have not been fulfilled

1. Improvement in PLI Scheme
2. Updation of Pension for past retirees
   • Provision to be made in the Pension Regulations to provide for periodical updation of pension along with wage revision settlement/s.
3. Improvements in Pension Scheme
4. Payment of Gratuity at one month Pay for each year of service without any restrictions.
5. Option to join the DA linked Defined Benefit Pension Scheme for employees covered by the Defined Contributory Pension Scheme
6. Extending Ex-gratia to pensioners of private Banks
7. Introduction of Leave Bank – finalization of the Scheme
8. Premium of medical Insurance Policy for retirees to be borne by Banks
9. Improvement in Group Medical Insurance Policy
10. Adequate recruitments of clerks and substaff in Banks
11. DA scheme for all pensioners to be at the uniform Index of 8088 points
12. Modifications in provisions on Disciplinary Action and Procedure
13. Inclusion of Special Allowance for superannuation benefits
14. Allocation of funds to Staff Welfare Fund based on Operating profits of Banks
15. Transport allowance to be paid to Physically challenged/differently-abled employees as applicable to Government employees.
16. Modifications in Compassionate Appointment Scheme
17. Regulated working hours for officers
18. Uniform Cash hours and business hours
19. North East Incentive on the lines of RBI/LIC
20. All contract/temporary employees to be regularized as permanent employees
21. LTC/LFC Monetization Scheme on the lines of scheme followed by a few Banks in the Industry
22. Officers in SMGS V who retired during period 1.11.2017 to 31.10.2020 shall be extended the benefit of notional first stagnation increment for the purpose of pension only, who were otherwise eligible, with monetary benefits from 1.4.2024.
23. Anomaly in fitment on promotion from Clerical to JMGS-I and from one scale to another.
24. Disturbed area allowance to be extended to Jammu
25. Grid Holidays

These demands of Bank employees have not yet been fulfilled and very soon the discussion on these demands will start.

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