Comparision of latest bipartite of Bankers and LIC by Pannvalan Sir

Comparision of latest bipartite of Bankers and LIC by Pannvalan Sir

The much awaited notification on wage revision in LIC of India with effect from 01-08-2012 has been made on 14-01-2016.

See the extent of betrayal we bank employees have been subjected to in 10th BPS.

I strongly believe that GOI has issued a circular to all banks to start 11th BPS only with a view to pacify the bank employees to control their their unrest and anger in the wake of the LIC wage revision that has been notified in the government gazette.

At the lowest end (AAO in LIC of India and Officer in JMGS I in banks), the gross salary per month in Metros is Rs.48,800 and Rs.38,703 respectively, signifying a variance of 26.09%. At the highest level (ZM-S in LIC and GM in banks), the gross salary per month in Metros is Rs.140,421 and Rs.197,342 respectively, signifying a variance of 40.54%.

That's why I say by the next wage revision, the gap between bank staff and LIC staff may widen further, so that LIC staff will receive twice the salary of bank staff in November, 2017.

What is to be done now, I leave it to the wisdom of all concerned.

If we do not sense the danger and wake up now, bank staff will be lagging behind LIC staff by one settlement always, in future.

Source:BankingUpdates