Bipartite settlement Implementation Dates
Wage Revision for Bank Employees is done through the bipartite settlement between UFBU and IBA. The tenure of 10th Bipartite Settlement (BPS) expired on 31.10.2017. The 11th Bipartite Settlement starts from 01.11.2017, but its not yet implemented and it is due for around 2 years.
Complete list of Bipartite Settlement Implementation
| Details | Due Date | Actual Date | Delay |
| 1st Bipartite Settlement | 1.01.1966 | 19.10.1966 | 9 months |
| 2nd Bipartite Settlement | 1.01.1970 | 12.10.1970 | 9 months |
| 3rd Bipartite Settlement | 1.09.1978 | 1.08.1979 | 11 months |
| 4th Bipartite Settlement | 1.09.1982 | 17.09.1984 | 24 months |
| 5th Bipartite Settlement | 1.07.1987 | 10.04.1989 | 21 months |
| 6th Bipartite Settlement | 1.11.1992 | 14.02.1995 | 28 months |
| 7th Bipartite Settlement | 1.11.1997 | 27.03.2000 | 29 months |
| 8th Bipartite Settlement | 1.11.2002 | 02.06.2005 | 32 months |
| 9th Bipartite Settlement | 1.11.2007 | 27.04.2010 | 30 months |
| 10th Bipartite Settlement | 1.11.2012 | 25.05.2015 | 30 months |
| 11th Bipartite Settlement | 1.11.2017 | Pending |