this joint note represents a positive development for bank employees, ensuring better wages and improved benefits. It's a step toward recognizing their valuable contributions to the banking sector in India. Moreover, it strives to address various aspects of employee welfare and financial well-being, ensuring a more favorable work environment for bank staff in India. This Settlement also paves the way for wage revision in RRBs, RBI, LIC, GIC, NABARD, Co-operative Banks.