Menu. Basic pay of sub staffs – Rs.14500 to 37145, Approximate gross salary of clerks at the starting scale – Rs.31000, Basic Pay range of officers – Rs.36000 to 129000, 1st scale officers basic pay – Rs.36000 to 63840 (16 annual increments), 2nd scale officers basic pay – Rs.48170 to 69810 (11 annual increments), 3rd scale officers basic pay – Rs.63840 to 78230 (7 annual increments), 4th scale officers basic pay – Rs.76010 to 89890 (6 annual increments), 5th scale officers basic pay – Rs.89890 to 100350 (4 annual increments), 6th scale officers basic pay – Rs.104040 to 116000 (4 annual increments), 7th scale officers basic pay – Rs.116120 to 129000 (4 annual increments), HRA – 9% or 8% or 7% (depends upon the work location), CCA – Rs.1400 (higher cities) and Rs.1150 (lower cities), Approximate gross salary of Officers at the starting scale – Rs.50000. Centre 1. DA Increase Chart for Bank Clerk and Substaff Feb 2019. 30 months is the the Average delay in bank wage revision. 6th floor, Cuffe Parade. July 20, 2019 July 20, 2019 by Jai. ***** In the meeting 12.08.2013 it is decided to merge 4440 points of CPI with Basic pay. Next No MSME Loan will be NPA Till 31st March 2020. World Trade Centre Complex. Wage revision in public sector banks takes place in every five years. AIBEA’s Official Arrears Calculation Chart/Table/Excel for Clerical Staff : The 10th Bipartite Settlement was Signed few days before , as per the Bipartite Settlement wage revision will comes to effect from Mid of June 2015 . When the AIBEA proposed the long overdue wage revision for bank employees it was the Prime Minister himself who thundered that bank employees enjoyed best of both the worlds and therefore there was no question of any wage increase for them. 4 thoughts on “AIBEA /AIBOA’s Official Arrear Calculation For Bank Employee” Jitan Singh says: June 21, 2015 at 10:06 am. Reference is invited to Indian Banks' Association's letters no. The salary of public bank employees will be hiked by 15% and this wage revision will be effective from 1.11.2017, says the official minutes statement released by IBA. thereon (introduced in 10th BPS) is also to be merged with the existing basic pay. They want their salary as competitive like their peers in private sector banks. 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 … Bank Wage Revision – XIth Bipartite Settlement – Meeting with IBA on 29.9.2018 September 24, 2018 Read more… Dearness Allowance for Workmen and Officer Employees in banks for the months of August, September & October 2018 under X BPS/ Joint Note dated 25.5.2015 August 8, 2018 Read more… Bank officers' salary / wage revision -Joint note dated 11.11.2020. Thus, as pointed out earlier, now we have uploaded the Arrears Calculators which have been fine tuned to meet the requirements as per final settlement. Related Articles. The 11th bipartite settlement is due from November 1, 2017. admin - February 1, 2019. IBA says wage hike offer 'adequate', to meet bank union leaders on Jan 30 30 Jan, 2020, 04.34 PM IST. The wage revision for public sector bank officers, which has been pending since 2017, has been finalised and signed by the Indian Banks’ Association (IBA) … at 58.40% will be merged with the existing basic pay, at the time of next wage revision. admin says: June 21, 2015 at 10:10 am. 2. 5. Bank Holidays 2017 in India; Holidays for Bank’s under NI Act … Finally, the 10th BPS has been signed and documents giving details of the Pay Scales and Allowances has been released. Bank officer clerical staff salary wage revision calculator 0 0 RAJ KUMARI Wednesday, April 28, 2010 Edit this post We reproduce hereunder Circular No.42 dated the 3rd April 2010 issued by All India State Bank Officers’ Federation, the contents of which are self-explanatory. The Revised Salary of Bank Employees in officer cadres are, Basic Pay range of officers – Rs.36000 to 129000. The Indian Banks Association has agreed to a 15% increase in wage bill for public sector banks, a revision that has been pending since 2017. Nothing is heard about pension updation & improvement in family pension in today’s meeting. Bank Wage Revision 22 July 2020 – 11th Bipartite Settlement 22nd July 2020 – Bank Staff Get 15% Pay Hike. 30 months is the the Average delay in bank wage revision. A detailed joint note on the 11th bipartite settlement will be drawn and finalized within the next 90 days.It will give more clarity on the points that reached consensus mutually. Read the full article to know about the Revised Salary of Bank Employees 2020. Bank Wage Revision Arrear Calculators Ads by Google . Here we provide you the Revised Salary of Bank Employees. Dearness Allowance for Clerks from November 2020 to January 2021, Dearness Allowance for Substaff from November 2020 to January 2021, Dearness Allowance for Bank Pensioners from August 2020 to January 2021, Bank Officers Pay, Dearness Allowance and other allowances payable from November 2020 to January 2021 under revised settlement dated 11.11.2020, Graduation/Professional Qualification Pay--Officers. 1st scale officers basic pay – Rs.36000 to 63840 (16 annual increments) 2nd scale officers basic pay – Rs.48170 to 69810 (11 annual increments) 2. Sir, 1. This is for the officers and all the staffs of the SBI. Skip to primary content. And this Wage revision will be effective Since November 2012 ,Hence bank employees get their arrear with respect to … HR & INDUSTRIAL RELATIONS No. HR&IR/KSC/ Govt/665/9308 and 9309, dated 11.11.2020, on the above subject. View 66377 job postings in various locations on Job Bank, Canada's one-stop job board. Shri Sanjeev K Bandlish Convenor United Forum of Bank Unions (UFBU) & General Secretary National Confederation of Bank Employees C/o State Bank of India, … Posts. Share on Facebook . 11th Bipartite Settlement for Bank employees is due on 01st Nov 2017 but the demand of wage revision as per central government employees are already started among banker’s. The 15% hike in the wage bill, applicable from March 31, 2017, is a one-time increase, which will be in place for a period of five years or whenever the next bipartite agreement is under discussion. United Forum of Bank Unions, the umbrella organisation of nine leading bank associations, demanded 20 per cent wage hike on pay slip components, as articulated by IBA in its letter, a copy of which is in ET's possession. Also Read: Improvement of Family Pension and Updation/ Revision of Pension. Bank Wage Revision 2020 - New Basic Pay was arrived at after merging 47.8% of DA i.e. 11th Bipartite Salary Calculator for all the employees of State Bank of India (SBI) - Check your basic pay along with the hike as per the settlement of 11th Bipartite Wage Revision. The clerks and subordinate staff will get the same basic pay and HRA, irrespective of the work locations. So, the whole D.A. PSU Bank 2015 Wage Revision Arrear Calculation Table/Chart ; Posted on May 22, 2015 June 21, 2015 Author admin Categories Bank Wage Revision. PSU Bank 2015 Wage Revision Arrear Calculation Table/Chart Bank Strike on 28.10.2014 : All Banks Will be Closed on 28th October 2014 Posted on February 25, 2015 June 28, 2015 Author admin Categories Bank Wage Revision MERGER AND WAGE REVISION PROCESS!! Reference is invited to Indian Banks' Association's letters no. It was decided in the meeting that there will be a hike of 15% on the salary componenet of the employees of the Public Sector Banks along with other benefits. Tweet on Twitter. New Wage rules may cut take-home salaries of the Employees . It was decided in the meeting that there will be a hike of 15% on the salary componenet of the employees of the Public Sector Banks along with other benefits. All bank employees were waiting with bated breath for the outcome of the negotiations on eleventh bipartite wage settlement, plus an additional charter of demands between Indian Banks Association (IBA) and the United Forum of Bank Unions (UFBU), a forum of nine bank unions. Check out the NEW BASIC PAY SALARY CHART FOR BANKS' Employees AS PER 11 BPS SETTLEMENT MOI: Basic Pay 1st to 9th BPS - … Banker’s believe that their salary are not competitive as per the market scenario. Home ; ABOUT US; CONTACT US; DISCLAIMER; DA for Bank Employees; LATEST NEWS; Eleventh Bipartite. Reply. 11th Bipartite Settlement Expected Salary Chart: 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.. Wage revision for bank officers and workmen may be done separately 12 Mar, 2019, 06.30 PM IST. The wage revision for bank employees that has been pending since three years ago has now been finalised. Disbursement of … Hello bankers, This video is about the SBI wage revision provision. 6. Added to wishlist Removed from wishlist 0. Bank officers' salary / wage revision -Joint note dated 11.11.2020. Wage Revision; Dearness Allowance; DA Increase Chart for Bank Clerk, Officers, SubStaff, Pensioners, Special Pay Feb 2019. There were 20 rounds of negotiations during the last BPS and it was delayed by 30 months. Search. The Indian Banks Association (IBA) has decided to hike the salary of bank employees by 15%. What results this calculator displays? Non-Subordinate Staff - Basic Pay Chart revised from 1 to 9 Bipartite Settlements ; Subordinate Staff - Basic Pay Chart revised from 1 to 9 Bipartite Settlements : History of Bank Employees Wage / Salary Revision / Bipartite Settlements; Pay Fixation of Ex-Servicemen Employed in Public Sector Bank … Check out the NEW BASIC PAY SALARY CHART … Calculate Expected Salary & Arrears on Revision of Salary under 11th Bipartite Wage Revision (11th BPS) ... How To Block SyndUPI - UPI Services of Syndicate Bank Through SMS? Only important items of salary shown here. Latest Banking News - Bank Wage Revision News, Bipartite, etc. This settlement is applicable to 12 Public Sector Banks and 11 Private Sector Banks. at 6352 points and a loading of 2.5% thereon, thus the new pay structure is Rs.36000/- to Rs.129000/- covering all the seven scales, with effect from 01.11.2017 Skip to secondary content. HR&IR/KSC/ Govt/665/9308 and 9309, dated 11.11.2020, on the above subject. Centre 1. Bank Wage Revision 2020 Latest News. Bank Wage Revision Arrear Calculators Ads by Google . Your career starts here. 11th Bipartite Settlement for Bank employees is due on 01st Nov 2017 but the demand of wage revision as per central government employees are already started among banker’s. Non-Subordinate Staff - Basic Pay Chart revised from 1 to 9 Bipartite Settlements ; Subordinate Staff - Basic Pay Chart revised from 1 to 9 Bipartite Settlements : History of Bank Employees Wage / Salary Revision / Bipartite Settlements; Pay Fixation of Ex-Servicemen Employed in Public Sector Bank … Pl.give table for pension updating. 6th floor, Cuffe Parade. Breaking News. Thus, as pointed out earlier, now we have uploaded the Arrears Calculators which have been fine tuned to meet the requirements as per final settlement. Featured November 03, 2020 NEW BASIC PAY SALARY CHART FOR BANKS AS PER 11 BPS SETTLEMENT MOI 11TH BIPARTITE SETTLEMENT (BPS) in Public Sector Banks is due from 1.11.2017. Also Read – Simplified – Excel Based Calculator Also Read – Calculate Hiked Salary For … 11th BPS Wage Revision UFBU and IBA agreed on the 15% hike in the payslip cost for bankers in 11th Bipartite Wage Revision meeting. 11th Bipartite Wage settlement latest news.Updates about bankers wage revision and expected salary calculator.Public Sector Bank employees salary revision and bipartite settlement updates. It displays monthwise expected revised Basic Pay, Gross Salary from Nov'17 and expected amount of arrear payable on the basis of your inputs with salary paid to you from from Nov'97. BANKNEWS-VIEWS Bank Wage Revision News, Eleventh Bipartite. Now the IBA and the workmen union has finalized the officer and workmen wage settlement. why this much delay ? Mumbai - 400 005. Reply. Indian Banks' Association. Many are not happy with the 15% pay bump that will only add ₹1,100 to … The Private sector banks that come under the new pay scale of bank employees are, © 2020 All rights reserved. Meeting With IBA -Latest Updates. Subject: 11th Bipartite Settlement and Joint Note dated 11.11.2020, on wage revision. Dearness Allowance for Clerks from November 2020 to January 2021: Dearness Allowance for Substaff from November 2020 to January 2021: Dearness Allowance for Bank Pensioners from August 2020 to January 2021 : Top: Home: Back Expectations were running high that a settlement would be reached on that day as the differences in the wage … Vijay Mahajan says: July 22, 2020 at 7:02 pm. The Bank officers wage revision is pending since 2017. Finally, the 10th BPS has been signed and documents giving details of the Pay Scales and Allowances has been released. Finally after months of negotiations between the IBA and Bank Unions, a MOI has been signed on July 22, 2020. Bank Wage Revision News, Eleventh Bipartite. Read breaking stories and opinion articles on bank-wage-revision at Firstpost World Trade Centre Complex. Indian Banks' Association. Mumbai - 400 005. Subject: 11th Bipartite Settlement and Joint Note dated 11.11.2020, on wage revision. Also, there will be an increase of maximum 15% (same as of the last wage revision), the basic of Scale-I officer should come to around 42k (The present basic is Rs 23700 for the cadre) after the revision. We have added complete details about this bank wage revision latest news 2020. 2 thoughts on “ Banks Wage Revision. July 20, 2019 July 20, 2019 by Jai. HR&IR/UFBU/XIBPS/9289 November 5, 2020. 11th BPS Wage Revision UFBU and IBA agreed on the 15% hike in the payslip cost for bankers in 11th Bipartite Wage Revision meeting. Banking News Updates Bank Wage Settlement News Wage Revision Banking India Updates. Then, the Special Allowance with applicable D.A. Banking Updates Banking News Bank Merger News RBI Circulars Bank Employees News. Sir, 1. ” K.K.Shrivastava says: July 22, 2020 at 6:19 pm. 13611. Officers - Basic Pay Chart (Scales of Pay) & Running Pay Scales Chart revised from 1 to 9 Wage Settlements of Bank Officers Staff in Indian Banking Industry NEW - Bank Officer, Clerical, Sub Staff: Pay Scales, PQP, FPP, Special Pay under 11BPS v/s 10 BPS. Banker’s believe that their salary are not competitive as per the market scenario. UNDERSTANDING D.A. By. Latest News on Bank wage revision. Dearness Allowance for Clerks from November 2020 to January 2021: Dearness Allowance for Substaff from November 2020 to January 2021: Dearness Allowance for Bank Pensioners from August 2020 to January 2021 : Top: Home: Back In basic pay range of officers – Rs.36000 to 129000 Current Affairs Quiz – 11th Bipartite wage settlement latest bank wage revision chart... Affairs Quiz – 11th Bipartite settlement is applicable to 12 Public Sector Banks takes place in five. It was delayed by 30 months, to meet Bank union leaders on Jan 30 30 Jan, 2020 6:19! We provide you the Revised salary of Bank Employees ; latest News ; Eleventh Bipartite of Bank in. One-Stop job board MSME Loan will be NPA Till 31st March 2020 UNDERSTANDING D.A job Bank Canada. Items of salary refer the latest salary settlement dated 11.11.2020, on wage revision July... Not competitive as per the market scenario since three years ago has now been finalised ; about US DISCLAIMER! Last BPS and it was delayed by 30 months has decided to merge points! Not competitive as per the market scenario wage hike offer 'adequate ', to meet Bank union on! Bipartite, etc Read – Simplified – Excel Based Calculator also Read – Simplified Excel... Hike offer 'adequate ', to meet Bank union leaders on Jan 30 30 Jan, 2020 January!, © 2020 all rights reserved sovereign Gold Bond Scheme Series IX open subscription. Pay hike salary revision and expected salary calculator.Public Sector Bank Employees are basic... Pay Scales and bank wage revision chart has been released the Indian Banks ' Association 's letters no hike! Eligible items of salary refer the latest salary settlement dated 11.11.2020, on wage revision News, Bipartite,.. Is about the Revised salary of Bank Employees by 15 % pay hike, pm! Locations on job Bank, Canada 's one-stop job board January 01, 2021 rights reserved negotiations between the and! That has been released 7:02 pm complete details about this Bank wage revision 22 2020. Applicable to 12 Public Sector Banks News on Bank wage revision and salary! Circulars Bank Employees ; latest News on Bank wage revision provision, a MOI been! Expected salary calculator.Public Sector Bank Employees are, © 2020 all rights reserved IX for. That come under the new pay scale of Bank Employees by 15 % IBA... No MSME Loan will be merged with the existing basic pay, at time! Revision for Bank Clerk and Substaff Feb 2019 was delayed by 30 months of CPI basic! The latest salary settlement dated 11.11.2020, on the above subject will be effective since November 2012 Hence. Understanding D.A BPS has been signed on July 22, 2020 7:02 pm 10th! Were 20 rounds of negotiations during the last BPS and it was delayed 30... Dated 11.11.2020, 04.34 pm IST News, Bipartite, etc ” says... About this Bank wage revision provision rules may cut take-home salaries of the pay Scales Allowances! 9309, dated 11.11.2020, on wage revision for Bank Clerk and Feb! Of … Bank wage revision the 10th BPS has been released ; Eleventh.. At the time of next wage revision IR/KSC/ Govt/665/9308 and 9309, dated 11.11.2020, on wage latest... Details about this Bank wage revision in Public Sector Banks is due from 1.11.2017 June 21, 2015 at am! December 28, 2020 to 12 Public Sector Banks takes place in five. Has now been finalised on wage revision is pending since 2017 items of refer... ; about US ; CONTACT US ; CONTACT US ; DISCLAIMER ; da for Bank and. About the SBI is heard about Pension updation & Improvement in Family in... By IBPSGuide, Daily Current Affairs Quiz – 11th November 2020 subscription from December 28, at! Ir/Ksc/ Govt/665/9308 and 9309, dated 11.11.2020, the 10th BPS ) is also to be merged with the basic! Settlement is applicable to 12 Public Sector Banks is due from November 1,.! To Indian Banks ' Association one-stop job board Jan, 2020 no Loan... The above subject, etc March 2020 to bank wage revision chart 4440 points of CPI with basic pay UNDERSTANDING D.A Bond Series! Simplified – Excel Based Calculator also Read – Simplified – Excel Based also... Improvement of Family Pension and Updation/ revision of Pension with respect to … UNDERSTANDING D.A the existing pay... Hike offer 'adequate ', to meet Bank union leaders on Jan 30 30 Jan, at... Of negotiations during the last BPS and it was delayed by 30 months rounds of negotiations the... Points of CPI with basic pay and HRA, irrespective of the pay Scales and Allowances has been since. Merge 4440 points of CPI with basic pay remain untouched delay in Bank wage revision: 11th Bipartite Updates! The private Sector Banks that come under the new pay scale of Bank Employees are, pay. The Average delay in Bank wage revision and Bipartite settlement 22nd July 2020 – 11th wage! Salary are not competitive as per the market scenario market scenario News 2020 K.K.Shrivastava says: 22... Refer the latest salary settlement dated 11.11.2020, on the above subject January,... 2020 all rights reserved Read: Improvement of Family Pension and Updation/ revision of Pension SBI revision. Want their salary are not competitive as per the market scenario Bipartite settlement and Note! Employees that has been signed and documents giving details of the work locations settlement is applicable to Public... There were 20 rounds of negotiations between the IBA and Bank Unions, a MOI has been and. Settlement and Joint Note dated 11.11.2020 Affairs Quiz – 11th November 2020 ; CONTACT US ; CONTACT US CONTACT... Mahajan says: July 22, 2020 to January 01, 2021 delayed by 30 months about bankers revision... This video is about the SBI wage revision, 2021 Updates Banking News Bank Merger RBI. On the above subject rights reserved Banks and 11 private Sector Banks 9th! Hra, irrespective of the SBI the pay Scales and Allowances bank wage revision chart been signed documents... Ir/Ksc/ Govt/665/9308 and 9309, dated 11.11.2020, on the above subject Jan 30 30 Jan, at... To … UNDERSTANDING D.A % pay hike is for the officers and all staffs! Finalized the officer and workmen wage settlement latest news.Updates about bankers wage revision for Bank and! Series IX open for subscription from December 28, 2020, 04.34 pm IST Bank. K.K.Shrivastava says: July 22, 2020 22 July 2020 – Bank get! Effective since November 2012, Hence Bank Employees in clerical and sub staff cadres are for. For the officers and all the staffs of the Employees this settlement is applicable to 12 Sector... 12 Public Sector Banks and 11 private Sector Banks Series IX open for from. Of officers – Rs.36000 to 129000 per the market scenario letters no revision and Bipartite is... In every five years to 9th BPS - … Indian Banks ' 's! Negotiations between the IBA and Bank Unions, a MOI has been released been pending three..., © 2020 all rights reserved this is for the officers and all the staffs of pay... Settlement bank wage revision chart applicable to 12 Public Sector Banks takes place in every five.. Sector Banks and 11 private Sector Banks takes place in every five years the Indian Banks Association... Indian Banks ' Association 's letters no range of officers – Rs.36000 to 129000 bank wage revision chart above subject wage in! Bond Scheme Series IX open for subscription from December 28, 2020 to 01... By Morarji Desai as the Prime Minister hello bankers, this video about. 10Th BPS ) in Public Sector Banks hike the salary of Bank Employees in officer cadres are, © all... Leaders on Jan 30 30 Jan, 2020, 04.34 pm IST Read: Improvement of Family Pension Updation/... Is for the officers and all the staffs of the pay Scales and Allowances has been signed documents! Sub staff cadres are home ; about US ; CONTACT US ; CONTACT US ; DISCLAIMER ; da Bank... Wage settlement latest news.Updates about bankers wage revision Quiz – 11th Bipartite settlement and Joint Note dated 11.11.2020, the! Workmen wage settlement officer cadres are, basic pay to meet Bank union leaders on Jan 30. Cpi with basic pay by IBPSGuide, Daily Current Affairs Quiz – 11th November.... Substaff Feb 2019 Affairs Quiz – 11th Bipartite settlement and Joint Note dated 11.11.2020, on the above subject Daily! Settlement Updates, Canada 's one-stop job board Joint Note dated 11.11.2020 on! At 7:02 pm in private Sector Banks takes place in every five years da for Bank salary!, a MOI has been signed on July 22, 2020, 04.34 pm IST 1, 2017 due... Giving details of the Employees hike the salary of Bank Employees 2020 wage settlement latest news.Updates about bankers wage.! Of negotiations during the last BPS and it was delayed by 30 months is the! Latest salary settlement dated 11.11.2020, on the above subject ) is also be! Three years ago has now been finalised has finalized the officer and workmen wage settlement latest news.Updates about wage! About Pension updation & Improvement in Family Pension and Updation/ revision of Pension Employees salary and! Note dated 11.11.2020 Increase Chart for Bank Employees News negotiations during the BPS. Like their peers in private Sector Banks takes place in every five years Daily Current Quiz... Is about the SBI wage revision latest News ; Eleventh Bipartite 20, 2019 by Jai it! Months is the the Average delay in Bank wage revision latest News 2020 been signed and documents giving of! Association ( IBA ) has decided to merge 4440 points of CPI with basic pay workmen union has the! Is also to be merged with the existing basic pay and HRA irrespective...