Dec 8, 2023
A New Era for Bank Employees: MOU between Unions and IBA signed
Pensioners and Family Pensioners shall be eligible for a monthly ex-gratia amount (without any allowances) to be considered along with the pension by Public Sector Banks (PSBs) for pensioners and family pensioners.
The banking sector has witnessed a significant development as the Indian Banks’ Association (IBA) and the United Forum of Bank Unions (UFBU) have officially signed the preliminary Memorandum of Understanding (MOU) for the 9th Joint Note that promises a brighter future for bank employees, officers, and pensioners. It is the first MOU that has been signed within 14 months of the expiry of the…
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