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What would be the Expected Pay Scale and Salary of Bank PO and Clerks after the 10th Bipartite Settlement ? Just go through the Calculation based on IBA and Bank union to find out the perks.

Calculation for 10th Bipartite Settlement For Bank Employees

1. The final Basic pay and other components of Salary i.e. HRA, CCA etc will be calculated as :

Final Basic Pay =  DA merger which is expected by IBA is 60.15%

Now the Remaining Dearness Allowance (DA) will be –  39.96% . Based on the Final Basic the HRA and CCA will be calculated.

It is expected that IBA will accept the 15% increase in Salary then in such cases the Final Salary after Wage Revision would be :

FOR Probationary Officers (PO) :

Existing Basic Pay : Rs 14,500/-

After 60.15% of DA Merging : New basic=14500+8721.75(DA merging 60.15%) + 3483.26 (15% increase )= Rs 26705.01/-

Adding the remaining 39.96% of DA Merging : DA as on FEB 2015 – 60.15% =  100.11%-60.15%=39.96%

The Remaining Dearness Allowance will be 39.96% or you may say 0.15 but after the agreement that has been reduced to 0.12 

Now Calculate the Revised Gross Salary of Bank PO :  Rs 26705.01+ Rs 10671.32 +1741.63(HRA) + 540(CCA  in Metros or City)= Rs. 39667.96/- 

If Arrears Calculation is taken under consideration from 01-11-2012 to Expected Date 31-03-2015 For PO or Asst Manager

For Grade II Managers : Rs. 52868/- 

If Arrears Calculation is taken under consideration from 01-11-2012 to Expected Date 31-03-2015 For PO or Asst Manager

For Clerk Gross Salary will be : Rs 18560 /- (if calculated on same scale with 7200 initial Pay scale)

Now Imagine Which is Better ? A Bank Jobs or …….

10th Bipartite Calculator

CALCULATE THE 10th BIPARTITE SALARY and GET the Arrear Paid Details: CLICK HERE

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