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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, December 8, 2023

What will be your new BadicPay as per mou

12th BPS MOU signed today (07.12.2023)
17% rise and 3% load factor

*Load factor calculation*

Present basic  = X

DA to be merged with Basic
30.38% of X = Y

Load Factor if 4
(X+Y)*3%=Z

X+Y+Z is the NEW BASIC
Example
Say Your Present Basic  X=78230
Then  Y= 78230*30.88%=24157.40 this amount da eill be merged with your basic
So total  78230+24157.40=102387.40
Then 3% basic load as per mou
So New basic  Z = 102387.40*3%=105459

1 comment:

Anwita Bhattacharjee said...

Correct the calculation.specially the last line.

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