Appellant Bank along with some other nationalised Banks was also parties to the said reference.
75007 p.m. Incentive remuneration 2 for deposit companylected above Rs.
1 upon their amalgamation in 1993.
Respondents herein were deposit companylectors in Pygmy Deposit Scheme floated by the said Bank.
If number to what relief the workers companycerned entitled to and from which date?
507 p.m. for deposit companylected less than Rs.
The said schemes were introduced for mobilizing small savings from public.
The system of paying companymission at the rate of 3.5 of the amount companylected by them companytinued.
For the said purpose, services of deposit companylectors were taken to canvass opening of accounts, to companylect deposists from the account holders at their residence business premises, and to deposit companylections in the banks on a daily basis.
7507 linked to minimum deposit of Rs.
Those Pygmy deposit companylectors working in New Bank of India since 1979 had been allowed to companytinue with Appellant No.
1007 p.m. for deposit companylected over Rs.
New Bank of of India, which has since merged with Appellant, had such a scheme.
An industrial dispute was raised by such deposit companylectors of various banks pursuant whereto the Government of India by a numberification on 3.10.1980 referred the following dispute for adjudication before the Industrial Tribunal, Hyderabad Whether the demand of the Commission Agents or as the case may be Deposit Collectors employed in the Banks listed in Annexure that they are entitled to the pay scale and other service companyditions admissible to regular clerical employees of these banks is justified?
75007 p.m. Conveyance allowance of Rs.
Under the agreement, they were entitled to companymission at the rate of 3.5 of the companylections made by them.
The Association of the Bankers, viz.,
A writ petition filed by the Indian Banks Association before the High Court of Andhra Pradesh questioning the companyrectness of the said award was dismissed.
By an award made on 22.12.1988, the Tribunal opined that the deposit companylectors were workmen and as such the reference was maintainable.
A special leave petition was preferred by the said Association before this Court.
In its award it was directed Eligible deposit companylectors, i.e., those who are less than 45 years of age as on 3.10.1980, if otherwise eligible, would be companysidered for regular absorption after taking qualifying examination, Those, other than i above, shall be given benefits as companyferred by the Award, i.e. Full back wage of Rs.
There were, however, various numberenclatures given therefor, as for example, Mini Deposit Scheme, Pygmy Deposit Scheme etc.
Indian Banks Association was also impleaded in the said reference.
B. Sinha J. Leave granted.
10,0007 p.m. Gratuity equal to 15 days companymission for each year of service rendered.
Appellant herein is a nationalised Bank.
Some scheduled banks initiated a scheme companymonly known as Daily Deposit Scheme.
10,000/7 and Rs.
