Federal Bank Employees’ Union, which was formed in the year 1963, is affiliated
to All India Bank employees’ Association (AIBEA). AIBEA represents the overwhelming
majority of bank employees in different banks in the Public, Private, Co-Operative
ad foreign sectors in the country. Its membership strength is five lakh. Federal
Bank employees’ Union has the membership of 95% of the award staff (clerks
and sub-staff) of the Federal Bank. It is the sole negotiating body in the Bank
for award staff.
Negotiations for determining the wages and service conditions are undertaken at
two levels. One is at the industry level, i.e., covering all banks and the other,
at the individual bank level. At the industry level, negotiations take place between
Indian Banks’ Association (IBA) and the bank unions. These negotiations are
known as ‘Bipartite negotiations”. AIBEA plays a key role in these negotiations.
Nine Bipartite settlements have already been signed, the last one signed on 27-04-2010.
The term of BIPARTITE SETTLEMENTS is 5 years and the present one is effective from
01-11-2007 to 31-10-2012.
In addition to the salary and other benefits available through the Bipartite Settlements,
in Federal Bank, various other benefits and service conditions are introduced through
negotiated Settlements between the Federal Bank Management and the Federal Bank
While Pay Scales and various special pays and allowances are decided at the industry
level Bipartite Settlements, other benefits such as Canteen Allowance, Conveyance
Allowance, Closing Allowance, News paper cost reimbursement, Education Scholarship
to children of employees brief –case to employees and service conditions pertaining
to promotion, transfer, loan facilities (at concessional rates of interest) etc.
are decided at the bank level through negotiations with our Union.