Bipartite Settlement Implementation Dates

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

11th Bipartite Settlement Latest Updates

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