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 – 10.9% . Based on the Final Basic the HRA and CCA will be calculated.

It is expected that IBA will accept the 20% 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%) + 4644.35(20% increase )= Rs 27866.10/-

Adding the remaining 10.9% of DA Merging : DA as on Nov 2012 – 60.15% = 76.5%-60.15%=16.35%

The Remaining Dearness Allowance will be 16.35% or you may say 0.15 but after the agreement that has been reduced to 0.10 (where we need to fight)

Now Calculate the Revised Gross Salary of Bank PO : Rs 27866.10+ DA 10.9% i.e. 3037.40+2368.62(HRA) + 540(CCA in Metros or City)= Rs. 33812.12/-

If Arrears Calculation is taken under consideration from 01-11-2012 to Expected Date 31-03-2014 For PO or Asst Manager: Rs.1,23,709/-

For Grade II Managers : 19400+11669.1+ 6213.82 =37282.92)[email protected]%= 4063.84)+ 3169.05(HRA) + 540(CCA )= Rs. 45055.81/-

If Arrears Calculation is taken under consideration from 01-11-2012 to Expected Date 31-03-2014 For PO or Asst Manager: Rs..1,46,642/

For Clerk Gross Salary will be : Rs 21,339/- (if calculated on same scale with 7200 initial Pay scale)

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

i m working in indian bank..as clerk cum cashier..so i welcomed the settelment..bank job is better..

good

GOOD JOB. VERY GOOD.

very usefull ,, thank u