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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first*** DA FOR BANKER FROM FEBRUARY 2023 SEE DETAILS CHART FOR OFFICER AND WORKMAN***Outcome of Today’s meeting with IBA - 31.01.2023***All India Bank Strike 27.06.2022******PLEASE VISIT INDIAN TOURISM CULTURE & HERITAGE *****NITI Aayog finalised names of Two public sector banks and one general Insurance Co. for privatisation****No economic reason to privatise PSU banks---post date 24.05.2021******Mobile users may soon be able to switch from postpaid to prepaid and vice versa using OTP*****India May Privatise or Shut 46 PSUs in First 100 Days, Says NITI Aayog's Rajiv Kumar----We should start with the banks*****Expected DA for Bank Employee from August 2019 is 24 slab to 29 slab*****RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019******WITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI***** Salient features of Sukanya Samriddhi Account---Who can open and how?******OBC posts 39% rise in Q4 profit, OBC readt tWITHOUT CUSTOMER'S CONSENT BANK CAN NOT USE AADHAAR FOR KYC ----RBI o take another Bank--MD MUkesh Jain*******DA FOR BANKER FROM NOV 2018 IS INCREASE 66 SLAB I.E 6.60%****40,000 STANDARD DEDUCTION IN YOUR TAX - IS A GREAT DRAM/BLUFF BY JAITLY SEE DETAILS+++++++Cabinet approves plans to merge PSU banks-The final scheme will be notified by the central government in consultation with the Reserve Bank. post date 23.08.2017****IBA to restrict the negotiations on Charter of Demands of Officers' Associations up to Scale-III only post dated 07.07.2017*****

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BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Friday, August 5, 2022

12th Bipartite Wage Settlement Expected Salary for Bankers

 The 12th Bipartite wage settlement is due on 01.11.2022. The salary and other wage components of public sector banks and some private sector banks shall be decided after discussion between UFBU and IBA under 12BPS. The discussions generally last for 2 to 3 years after which the bankers are paid increased salaries along with arrears. The payment of increased salary under the 12 bipartite settlement is only expected in the year 2025.

While it is very difficult to know the exact structure of salary under the 12 bipartite settlement, we have tried to calculate the expected salary under the 12 BPS based on previous bipartite settlements. The expected salary as per the table below shall be updated in the future as and when we get updates about the discussions on the 12th Bipartite Settlement and other contributing factors like Dearness allowance etc.

Subordinate Staff
Existing Basic PayExisting Other AllowancesExisting SalaryExpected Basic payExpected Other AllowancesExpected SalaryExpected Increase in Salary
145001023924739197737965277393000
150001056525565204558219286743110
155001089026390211378473296103220
160001121627216218198727305463330
165001154128041225008981314823441
171151194229057233399294326333576
177301234230072241789606337843712
183451274231087250169919349353848
1896013143321032585510231360863983
1957513543331182669410543372374119
2031514025343402770310919386224282
2105514507355622871211295400074445
2179514989367842972111671413924608
2253515470380053073012047427774772
2340516037394423191612489444054963
2427516603408783310312931460345155
2514517170423153428913373476625347
2614517821439663565313881495345568
2714518472456173701714389514055788
2814519123472683838014897532776009
2914519774489193974415405551486229
3014520425505704110815913570206450
3114521076522214247116421588926670
3214521727538724383516928607636891
3314522378555234519917436626357111
3414523030571754656217944645077332
3514523681588264792618452663787553
3614524332604774928918960682507773
3714524983621285065319468701217994
Clerical Staff
Existing Basic PayExisting Other AllowancesExisting SalaryExpected Basic payExpected Other AllowancesExpected SalaryExpected Increase in Salary
179001245330353244109693341023749
1890013104320042577310201359743970
1990013755336552713710708378454190
2090014406353062850011216397174411
2213015207373373017811841420194682
2336016008393683185512466443214954
2459016808413983353213091466235225
2608017779438593556413848494125553
2757018749463193759614605522015882
2906019719487793962815361549896211
3055020689512394166016118577786539
3228021815540954401916997610166921
3401022942569524637817876642547302
3574024068598084873718755674927684
3747025194626645109619633707308065
3920026321655215345520512739688447
4093027447683775581521391772068828
4266028574712345817422270804439210
4593030703766336263323931865649931
47920319987991865347249429028810370
49910332948320468060259529401310809
51900345908649070774269639773711248
538903588589775734882797410146211687
558803718193061762012898510518612125
578703847796347789152999610891112564
598603977299632816293100711263513003
6185041068102918843423201811636013442
6384042364106204870563302812008413881
6583043659109489897703403912380914320
Officers
Existing Basic PayExisting Other AllowancesExisting SalaryExpected Basic payExpected Other AllowancesExpected SalaryExpected Increase in Salary
3600023767597674909217991670837316
3749024689621795112418682698067627
3898025611645915315519373725287938
4047026532670025518720064752518249
4196027454694145721920755779748560
4345028376718265925121445806968871
4494029297742376128322136834199182
4643030219766496331522827861429493
4817031296794666568823634893219856
49910323728228268060244409250110219
51900336038550370774253639613710634
53890348348872473488262869977311050
558803606591945762012720810341011465
578703729695166789152813110704611880
598603852798387816292905411068212296
6185039758101608843422997611431912711
6384040989104829870563089911795513126
6583042220108050897703182212159113542
6782043451111271924833274412522813957
6981044682114492951973366712886414372
7180045913117713979113459013250014788
73790471441209341006243551213613715203
76010485171245271036523654214019315666
78230498901281201066793757114425016130
80450540461344961097064079415050116200
82670554961381661127344188415461816452
84890569461418361157614297415873516899
87390585791459691191704420116337217402
89890602121501021225794542916800817906
92390618451542351259894665617264418409
94890634781583681293984788317728118913
97620652611628811331204922318234419463
100350670441673941368435056418740720012
104240709721752121421485531619746422252
107210729521801621461985685520305322892
110180749311851111502485839420864223531
113150769101900601542985993321423124171
116120788901950101583486147221982124811
119340810362003761627396314122588025504
122560831822057421671306480923194026198
125780853282111081715216647823799926891
129000874742164741759126814724405927585
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