In Negotiations for 12th BPS held on 07-12-2023, IBA offered 16% Wage Increase & 3% load. MoU has been signed between UFBU & IBA

One more round of negotiations with IBA held on 7th December 2023 wherein MoU has been signed with the following understandings:-

17% increase in payslip cost, additional loading of 3% after merger of DA, improvement in pension for all pensioners from 1986 including retirees under proposed 12th BPS. 5 days banking has been recommended to Govt. for favorable consideration and will be expedited.

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