XI BIPARTITE SETTLEMENT – FOLLOW UP WITH DFS, FINANCE MINISTRY
All India Bank Officers’ Confederation (AIBOC) has issued a circular, clarifying the progress made in respect of 11th Bipartite Settlement, which is due to be implemented with effect from 01.11.2017
AIBOC advised that the members should ignore the confusion created through social media that there is no progress on 11th bipartite settlement. It says that Confederation has been regularly following up with the Department of Financial Services (DFS) and IBA for immediate initiation of the process of negotiations so that the next Settlement could be made effective from 01.11.2017 i.e. the date when it is due.