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Gift City Activities - celebrations on signing of 9th Joint note signed between UFBU and IBA on wage revision for Bank Officers.


Team Gift City led by Mr. Naresh Kaushik Secretary along with committee members, lady wing coordinator, members and officers from the Gift family in large numbers celebrated the wage revision by the 09th Joint note signed between UFBU and IBA on the 08th of March 2024 in Mumbai. Team thanked National Leadership Shri Prem Kumar Makker, former Director (BOB) and General Secretary (INBOC), Shri R K Chatterjee (Dada), former director (BOB) and President (INBOC) both also the signatory of the Joint note for the remarkable and historical wage revision which is not the fastest but highest in the history.


Our President Shri Nitin Kandpal has welcomed all attendees in his inaugural address. Shri Naresh Kaushik (Secretary) and Shri Darpan Jain (Treasurer) were felicitated for their presence during the signing ceremony by the Head NSSC and the President.


Secretary Shri Naresh K Kaushik has highlighted the achievement of the joint note and requested members to abstain from any negativity coming from social media. He has discussed the salient points of the joint note in detail as well as appealed to members to celebrate the wage revision which is achieved without a single strike for the first time in history. Cake cake-cutting ceremony on this happy occasion was done. A vote of thanks was submitted by our assistant lady wing coordinator Ms Leena Ahlawat.


Approximately 120 members enjoyed the sweets and exchanged greetings with each other for the salary enhancement. Officers were appreciative and thankful to our leadership for the settlement and happy about discussing the in-depth analysis of the joint note. The program culminated with a happy note and cheerful smiles on the faces with many congratulations to the Association, our leaders, and our team.


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What about Retired Bank employees revision of pension? AIBEA/AIBOC has conveniently forgotten about the revision of pension of Retired Bank

Employees. This is a demand pending since 2 decades. During this period 4 to 5 revisions took place. The present generation of bank employees should not forget that one day they will also retire. Afterall nobody is permanent. The leadership of both organisations need not revision of pension as they are very well off with their earnings.

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