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Wage Revision MOU signed between UFBU and IBA on 07.12.2023

On 07.12.2023, there was one more round of negotiations with IBA. We are happy to inform that 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. Congratulations to all of you. It is all due to the unity of bank employees and officers under the banner of UFBU.

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