11th Bipartite Settlement Salary of officers Scale 1, 2, 3, 4, 5, 6
The annual wage increase in salary and allowances is agreed at 15% of the wage bill as on 31-3-2017 which works out to Rs.7,898 crores on Payslip components.
New Bank Clerk Salary After 11th Bipartite Wage Settlement 2020
Discussions were held between the Indian Banks’ Association representing Managements of banks and the authorized representatives of Workmen Unions and Officers’ Associations on wage revision for officers and workmen in banks.
Expected Salary Calculator : The date of effect is 01.11.2017 and merger point at consumer price index 6352 have already been decided. It means that 478 slabs will be merged in basic. (6352 - 4440 = 1912 ÷ 4 = 478 slabs) i.e 47.8% d.a as the rate is .10 paise per slab. In r.b.i. if, Govt approves, pensioners will be benefited in updation of pension. If 10% load is approved over 47.8% d.a it comes to 162.58%.(100 + 47.8 = 147.8 × 10% = 162.58) i.e 163.
The annual wage increase in salary and allowances is agreed at 15% of the wage bill as on 31-3-2017 which works out to Rs.7,898 crores on Payslip components.
New Bank Clerk Salary After 11th Bipartite Wage Settlement 2020
Discussions were held between the Indian Banks’ Association representing Managements of banks and the authorized representatives of Workmen Unions and Officers’ Associations on wage revision for officers and workmen in banks.
Expected Salary Calculator : The date of effect is 01.11.2017 and merger point at consumer price index 6352 have already been decided. It means that 478 slabs will be merged in basic. (6352 - 4440 = 1912 ÷ 4 = 478 slabs) i.e 47.8% d.a as the rate is .10 paise per slab. In r.b.i. if, Govt approves, pensioners will be benefited in updation of pension. If 10% load is approved over 47.8% d.a it comes to 162.58%.(100 + 47.8 = 147.8 × 10% = 162.58) i.e 163.
11th Bipartite Settlement Calculation Sheet Excel
The following points appear to have been decided so far!
1) 12th Bipartite Settlement 5 Days Working: 5 days per week not agreed!
2) 15% wage increase agreed!
3) 47.80% (478 Slabs) DA merger agreed!
4) 2.50% Load Factor on Basic pay agreed!
5) Total increase in Pay @49.80 % agreed!
6) Balance 13% will be distributed in various Allowances agreed!
7) DA rate in future will be @ 0.07 % per slab (now balance of slabs will be 681 - 478 = 203 slabs)
8) From the calendar year 2022, besides encashment of PL at the time of retirement and during availment of LFC, PL Encashment would be permitted at 5 days every calendar year (7 days in case of employees/officers of 55 years of age and above) at the time of any festival of their choice.
9) It has been agreed to increase the banks contribution to the NPS fund to 14%, i.e. 14% of Pay & Dearness Allowance instead of the present rate of 10% from the prospective date of signing the settlement subject to the approval of the Govt.
Effective Date of
Agreement Signed at
01/11/2017
15% SA (DA)
For Subordinate Staff
7.75%
Total Approx Burden
7898 Crore
For Officers up to Scalce III
7.75%
Load Factor
2.5%
For Officers above Scalce III
10%
New Da Slab
0.07%
Slabs as on 01-11-17
516 PQA & FPA to be calculated at
Slabs Merged
478 1.63 multiplying factor
Remaining Slabs
38 HRA
10%
New DA Rate on 01-11-17
2.66% CCA
4%
New DA rate on 22-07-20
19.81% NPS contribution(BP+DA+SA)
14%
The following points appear to have been decided so far!
1) 12th Bipartite Settlement 5 Days Working: 5 days per week not agreed!
2) 15% wage increase agreed!
3) 47.80% (478 Slabs) DA merger agreed!
4) 2.50% Load Factor on Basic pay agreed!
5) Total increase in Pay @49.80 % agreed!
6) Balance 13% will be distributed in various Allowances agreed!
7) DA rate in future will be @ 0.07 % per slab (now balance of slabs will be 681 - 478 = 203 slabs)
8) From the calendar year 2022, besides encashment of PL at the time of retirement and during availment of LFC, PL Encashment would be permitted at 5 days every calendar year (7 days in case of employees/officers of 55 years of age and above) at the time of any festival of their choice.
9) It has been agreed to increase the banks contribution to the NPS fund to 14%, i.e. 14% of Pay & Dearness Allowance instead of the present rate of 10% from the prospective date of signing the settlement subject to the approval of the Govt.
Effective Date of | 01/11/2017 |
For Subordinate Staff |
7.75% |
Total Approx Burden | 7898 Crore | For Officers up to Scalce III | 7.75% |
Load Factor | 2.5% | For Officers above Scalce III | 10% |
New Da Slab | 0.07% |
|
|
Slabs as on 01-11-17 | 516 PQA & FPA to be calculated at |
| |
Slabs Merged | 478 1.63 multiplying factor |
| |
Remaining Slabs | 38 HRA | 10% | |
New DA Rate on 01-11-17 | 2.66% CCA | 4% | |
New DA rate on 22-07-20 | 19.81% NPS contribution(BP+DA+SA) | 14% | |
NEW OFFICER SALARY CHART AFTER 12TH BPS (TENTATIVE)
SCALE 1 OFFICER SALARY AFTER 11TH bps |
||||||||||
|
STAGE |
OLD BASIC |
47.80%
BASIC |
TOTAL
(BASIC+ |
LOAD
FACTORS |
NEW |
D.A. |
H.R.A. |
S.A.
(7.75+9.5 |
D.A. ON
S.A. |
GROSS |
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
|
1 |
23700.00 |
11328.60 |
35028.60 |
875.72 |
35904.32 |
7112.64 |
3590.43 |
6193.49 |
1226.93 |
54027.82 |
|
2 |
24680.00 |
11797.04 |
36477.04 |
911.93 |
37388.97 |
7406.75 |
3738.90 |
6449.60 |
1277.67 |
56261.88 |
|
3 |
25660.00 |
12265.48 |
37925.48 |
948.14 |
38873.62 |
7700.86 |
3887.36 |
6705.70 |
1328.40 |
58495.94 |
|
4 |
26640.00 |
12733.92 |
39373.92 |
984.35 |
40358.27 |
7994.97 |
4035.83 |
6961.80 |
1379.13 |
60730.00 |
|
5 |
27620.00 |
13202.36 |
40822.36 |
1020.56 |
41842.92 |
8289.08 |
4184.29 |
7217.90 |
1429.87 |
62964.06 |
|
6 |
28600.00 |
13670.80 |
42270.80 |
1056.77 |
43327.57 |
8583.19 |
4332.76 |
7474.01 |
1480.60 |
65198.12 |
|
7 |
29580.00 |
14139.24 |
43719.24 |
1092.98 |
44812.22 |
8877.30 |
4481.22 |
7730.11 |
1531.33 |
67432.19 |
|
8 |
30560.00 |
14607.68 |
45167.68 |
1129.19 |
46296.87 |
9171.41 |
4629.69 |
7986.21 |
1582.07 |
69666.25 |
|
9 |
31705.00 |
15154.99 |
46859.99 |
1171.50 |
48031.49 |
9515.04 |
4803.15 |
8285.43 |
1641.34 |
72276.45 |
|
10 |
32850.00 |
15702.30 |
48552.30 |
1213.81 |
49766.11 |
9858.67 |
4976.61 |
8584.65 |
1700.62 |
74886.66 |
|
11 |
34160.00 |
16328.48 |
50488.48 |
1262.21 |
51750.69 |
10251.81 |
5175.07 |
8926.99 |
1768.44 |
77873.01 |
|
12 |
35470.00 |
16954.66 |
52424.66 |
1310.62 |
53735.28 |
10644.96 |
5373.53 |
9269.34 |
1836.26 |
80859.35 |
|
13 |
36780.00 |
17580.84 |
54360.84 |
1359.02 |
55719.86 |
11038.10 |
5571.99 |
9611.68 |
1904.07 |
83845.70 |
|
14 |
38090.00 |
18207.02 |
56297.02 |
1407.43 |
57704.45 |
11431.25 |
5770.44 |
9954.02 |
1971.89 |
86832.05 |
|
15 |
39400.00 |
18833.20 |
58233.20 |
1455.83 |
59689.03 |
11824.40 |
5968.90 |
10296.36 |
2039.71 |
89818.40 |
|
16 |
40710.00 |
19459.38 |
60169.38 |
1504.23 |
61673.61 |
12217.54 |
6167.36 |
10638.70 |
2107.53 |
92804.74 |
|
17 |
42020.00 |
20085.56 |
62105.56 |
1552.64 |
63658.20 |
12610.69 |
6365.82 |
10981.04 |
2175.34 |
95791.09 |
|
18 |
43330.00 |
20711.74 |
64041.74 |
1601.04 |
65642.78 |
13003.84 |
6564.28 |
11323.38 |
2243.16 |
98777.44 |
|
19 |
44640.00 |
21337.92 |
65977.92 |
1649.45 |
67627.37 |
13396.98 |
6762.74 |
11665.72 |
2310.98 |
101763.79 |
|
20 |
45950.00 |
21964.10 |
67914.10 |
1697.85 |
69611.95 |
13790.13 |
6961.20 |
12008.06 |
2378.80 |
104750.13 |
|
21 |
47260.00 |
22590.28 |
69850.28 |
1746.26 |
71596.54 |
14183.27 |
7159.65 |
12350.40 |
2446.61 |
107736.48 |
|
22 |
48570.00 |
23216.46 |
71786.46 |
1794.66 |
73581.12 |
14576.42 |
7358.11 |
12692.74 |
2514.43 |
110722.83 |
|
23 |
50030.00 |
23914.34 |
73944.34 |
1848.61 |
75792.95 |
15014.58 |
7579.29 |
13074.28 |
2590.02 |
114051.13 |
|
24 |
51490.00 |
24612.22 |
76102.22 |
1902.56 |
78004.78 |
15452.75 |
7800.48 |
13455.82 |
2665.60 |
117379.42 |
Bank staff get 15% pay hike; PSB employees get PLI, too
The protracted 11th bipartite wage settlement negotiations between bank unions and the Indian Banks’ Association (IBA) concluded on Wednesday, with both sides agreeing to an annual wage increase and allowances of 15 percent of the wage bill as on March 31, 2017.
Both sides agreed to the introduction of PLI in PSBs, which will be based on the operating profit/net profit of the individual bank.
For private and foreign banks, PLI is optional. The PLI is payable to all employees annually over and above the salary, as per the minutes of the discussion between the unions and IBA.
The protracted 11th bipartite wage settlement negotiations between bank unions and the Indian Banks’ Association (IBA) concluded on Wednesday, with both sides agreeing to an annual wage increase and allowances of 15 percent of the wage bill as on March 31, 2017.
Both sides agreed to the introduction of PLI in PSBs, which will be based on the operating profit/net profit of the individual bank.
For private and foreign banks, PLI is optional. The PLI is payable to all employees annually over and above the salary, as per the minutes of the discussion between the unions and IBA.
Now the formula of new agreement is being discussed in industry and in R.B.I
The date of effect is 01.11.2017 and merger point at consumer price index 6352 has already been decided. It means that 478 slabs will be merged in basic. (6352-4440 = 1912 ÷ 4 = 478 slabs) i.e 47.8% d.a as the rate is .10 paise per slab. In r.b.i. if, Govt approves, pensioners will be benefited in updation of pension. If 10% load is approved over 47.8% d.a it comes to 162.58%.(100+47.8=147.8×10%=162.58)i.e 163.
It means 100 rupee basic pention becomes rs.163. So conversion figure will be 1.63. I have taken 10% load for updation because in last updation 10% load was given to all pensioners irrespective of their date of retirement. If load is less then the conversion factor will come down accordingly. After merger at index 6352 the D.A rate will be 7 paise over and above rs 6352. Arrears will be from the implementation of updation I.e.march 2019.
In today's Banking scenario, there is stiff competition amongst the different categories of banks i.e., Public sector, Private sector, Foreign banks. In order to inculcate a sense of competition and also to reward the performance, the concept of Performance Linked Pay is felt to be introduced. After prolonged discussions and deliberations on this matter, it has been agreed to introduce Performance Linked Incentive (PLI) in Public Sector Banks, which will be based on Operating/ Net Profit of the individual bank (optional for private & foreign banks).
The PLI is payable to all employees annually over and above the normal salary payable. The PLI matrix decides the amount payable to the employees (in the number of days of pay Basic+DA) depending on the annual performance of the bank. All the employees will get the number of days of pay as incentive depending on where in the matrix the bank's performance fits in broadly as per Matrix under :
Distribution of annual wage increase between Workmen and Officers will be worked separately and proportionately based on breakup of establishment expenses as on 31.3.2017.
From the calendar year 2020, besides encashment of PL at the time of retirement and during availment of LFC, PL Encashment would be permitted at 5 days every calendar year (7 days in case of employees/officers of 55 years of age and above) at the time of any festival of their choice.
It has been agreed to increase the banks contribution to the NPS fund to 14%, i.e. 14% of Pay & Dearness Allowance instead of the present rate of 10% from the prospective date of signing the settlement subject to approval of the Govt.
All other issues of the Managements and Unions/Associations discussed during the process of negotiation will be settled to the mutual satisfaction.
The parties will meet on mutually convenient dates to draw out a detailed Bipartite Settlement/Joint Note on the various issues on which consensus positions have been reached. The parties will endeavor to finalize the Bipartite Settlement /Joint Note within a period of ninety days from the date of this minutes.
This is the Bank clerk salary structure. I explained everything regarding Bank clerk salary structure. 12th Bipartite Wage Settlement 2022 settlement. 12th bipartite settlement expected pay scales, salary after 12th bipartite settlement, 12th bipartite settlement charter of demands, 12th bipartite settlement expected pay scales, 12th bipartite settlement latest news, 12th bipartite settlement for bank employees.
For any updation on this article, Please feel free to write us at bank4study@gmail.com
The date of effect is 01.11.2017 and merger point at consumer price index 6352 has already been decided. It means that 478 slabs will be merged in basic. (6352-4440 = 1912 ÷ 4 = 478 slabs) i.e 47.8% d.a as the rate is .10 paise per slab. In r.b.i. if, Govt approves, pensioners will be benefited in updation of pension. If 10% load is approved over 47.8% d.a it comes to 162.58%.(100+47.8=147.8×10%=162.58)i.e 163.
It means 100 rupee basic pention becomes rs.163. So conversion figure will be 1.63. I have taken 10% load for updation because in last updation 10% load was given to all pensioners irrespective of their date of retirement. If load is less then the conversion factor will come down accordingly. After merger at index 6352 the D.A rate will be 7 paise over and above rs 6352. Arrears will be from the implementation of updation I.e.march 2019.
In today's Banking scenario, there is stiff competition amongst the different categories of banks i.e., Public sector, Private sector, Foreign banks. In order to inculcate a sense of competition and also to reward the performance, the concept of Performance Linked Pay is felt to be introduced. After prolonged discussions and deliberations on this matter, it has been agreed to introduce Performance Linked Incentive (PLI) in Public Sector Banks, which will be based on Operating/ Net Profit of the individual bank (optional for private & foreign banks).
The PLI is payable to all employees annually over and above the normal salary payable. The PLI matrix decides the amount payable to the employees (in the number of days of pay Basic+DA) depending on the annual performance of the bank. All the employees will get the number of days of pay as incentive depending on where in the matrix the bank's performance fits in broadly as per Matrix under :
Distribution of annual wage increase between Workmen and Officers will be worked separately and proportionately based on breakup of establishment expenses as on 31.3.2017.
From the calendar year 2020, besides encashment of PL at the time of retirement and during availment of LFC, PL Encashment would be permitted at 5 days every calendar year (7 days in case of employees/officers of 55 years of age and above) at the time of any festival of their choice.
It has been agreed to increase the banks contribution to the NPS fund to 14%, i.e. 14% of Pay & Dearness Allowance instead of the present rate of 10% from the prospective date of signing the settlement subject to approval of the Govt.
All other issues of the Managements and Unions/Associations discussed during the process of negotiation will be settled to the mutual satisfaction.
The parties will meet on mutually convenient dates to draw out a detailed Bipartite Settlement/Joint Note on the various issues on which consensus positions have been reached. The parties will endeavor to finalize the Bipartite Settlement /Joint Note within a period of ninety days from the date of this minutes.
For any