Bank PO & Clerk Expected Salary After Pay Revision (10th Bipartite Settlement)

Click Here for Bank Employees Expected Salaries after 10% Increase Offer

Bank employees salary revision is due from 01.11.2012. Earlier i have posted Base Date for Merger of DA with Existing Basic Pay of Bank Employees in 10th Bipartite Settlement. Here i am going to post the expected salary of bank probationary Officer & Clerk After Pay Revision November 2012.

Note: This revision is applicable to RRB’s and private sector bank also. But the allowances are different for different banks. This a reply some of the doubts expressed in comments section.

Bank Probationary Officer Salary After Revision in 2013:

At present a newly joined Bank PO’s Basic Pay is Rs.14,500. After merging the 60.15% DA as on 01.11.2011 to Basic Pay, it will be Rs.23,221/- We are expecting minimum 20% increment to this basic pay, but we can expect 25% increment to this basic pay.

If IBA agree for 20% increment, Final Basic Pay will be Rs.27,866. From August 2013, DA is 88.95%. After merging 60.15 with basic, remaining 28.80% DA will be there. We can expect minimum 10% HRA after revision. So, you get total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) from August 2013 will be Rs.38,678/- (Worst Possible Scenario)

If IBA agree for 25% increment, Final Basic Pay will be Rs.29,026. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) from August 2013 will be Rs.40,288/- (Somewhat Good)

If IBA agree for 30% increment, Final Basic Pay will be Rs.30,187. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) from August 2013 will be Rs.41,899/- (Good Settlement)

We can expect Worst possible scenario in reality. So, Salary of Bank PO from August 2013 will be Rs.38,678/-

Bank Clerk Salary After Revision in 2013:

At present a newly joined Bank Clerk’s Basic Pay is Rs.8,000. After merging the 60.15% DA as on 01.11.2011 to Basic Pay, it will be Rs.12,812/- We are expecting minimum 20% increment to this basic pay. At most we get 25% increment.

If IBA agree for 20% increment, Final Basic Pay will be Rs.15,374. From August 2013, DA is 88.95%. After merging 60.15 with basic, remaining 28.80% DA will be there. We can expect minimum 10% HRA after revision. So, you get total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk from August 2013 will be Rs.21,339/- (Worst Possible Scenario)

If IBA agree for 25% increment, Final Basic Pay will be Rs.16,015. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk from August 2013 will be Rs.22,228/- (Somewhat Good)

If IBA agree for 30% increment, Final Basic Pay will be Rs.16,655. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk from August 2013 will be Rs.23,117/- (Good Settlement)

We can expect Worst possible scenario in reality. So, Salary of Bank Clerk from August 2013 will be Rs.21,339/-

So, Bank PO Salary after revision 2013 will be anywhere between Rs.38,678 to Rs.41,899 &
Bank Clerk Salary after revision 2013 will be anywhere between Rs.21,339 to Rs.23,117

All The Best & Good Luck! to all our bank employees. Jai Hind…

0 thoughts on “Bank PO & Clerk Expected Salary After Pay Revision (10th Bipartite Settlement)

  1. Vishwajeet mishra

    Sir there is mistake in notice of clerk. You have mentioned po instead of clerk in all 3 Paragraph. Plz correct it.where 20%, 25%, 30% da is mentioned after that po is written which should be clerk.

    Reply
    1. Admin Post author

      perks and allowances are excluded. it is just gross salary for all PSU bank employees. we cant say anything abt allowances.

      Reply
    1. MURALIDHAR BHAT

      Revised Salary Will Be Paid wef 1/11/2012(Arrears will be paid till the month in which settlement is signed and once it is signed salary will be paid based on new Pay slabs).

      Reply
  2. Harikrishnan S

    Sir,

    Here you told that 20/25/30 percentage of increment after the merging the DA. That is possible?
    Confirmed?

    Please do reply

    Thanks
    Hari

    Reply
  3. Msk

    Bank unions want ‘adequate increase’ in salary in 10th bipartite wage settlement

    ?Bank unions want ‘adequate increase in salary’ as part of their demands to the management of all banks, represented by the Indian Banks Association (IBA). The 10th bipartite talks between bank unions and IBA are on currently to decide the quantum of wage increase for bank employees for the period covering November 2012 to October 2017. Each settlement is valid for a period of five years. The earlier settlement expired in October 2012.

    ‘Adequate increase’

    C.H. Venkatachalam, General Secretary, All India Bank Employees Association, while laying out the case for an ‘adequate increase’, refused to quantify it. He said that employees should be paid more in view of the alarming price increase, increased job profile, wages in comparable sectors and the profitability of banks.

    The 8th wage talks covering the period 2002-07 provided bank employees a 13.25 per cent increase in wages on the average while the 9th wage talks (covering 2007-12) gave them a 17.5 per cent increase on the average.

    Venkatachalam said that the priority for unions in this settlement was to improve the dearness allowance (given to compensate inflation). He said that unions wanted DA to be credited on a monthly basis rather than on a quarterly basis as was the case now. He also said that unions wanted housing for all employees, improved transport, medical allowances and better post-retirement benefits such as family pension/ gratuity.

    Wage talks

    Responding to the criticism that wage talks tended to meander for a long while, Venkatachalam said that unions were in favour of conducting them in a time-bound, expedited way. IBA had also agreed with this view and he hoped that negotiations would be over within six months.

    When asked if unions were agreeable to the proposal of variable pay linked to productivity, Venkatachalam said that they were open to proposals that offer incentives for performance or motivate employees. However, he clarified, that these could not be in lieu of the increase in basic emoluments that they were demanding. He also debunked the ‘cost-to-company’ concept that was floated by the IBA during the talks held last week.

    He said that the concept wouldn’t work and the industry was not ripe enough for it. Elaborating he said that cost of establishment was not decided at the industry level but at the level of individual banks and their negotiations couldn’t cover this aspect.
    ?
    Source : the hindu business line?

    Reply
  4. prem prasad sharma

    sir this 10th Bipartite Settlement will implement in this year or next year 2014? please reply must sir

    Reply
  5. Nil

    dear admin,when will be the results of second allotment of ibps clerk 2 exam will be declared?In your analysis, what would be the total vacancies?plz reply sir…

    Reply
  6. arpit

    I joined in may 2013. please clarify whether I will get the increased salary from august 2013 or from may. waiting for your reply

    Reply
  7. jack

    sir

    i got selected in IBPs po2 waiting list .
    in ibps po 2 adv. criteria was 1 jan 2012 passout
    but i passed in 3 jan 2012(it printed on marksheet) there is any problem with it
    becz i need this job very badly
    what u say sir

    Reply
  8. Sudarshan

    Dear Admin,
    please go through the above link. There is a lot of difference between your post and the post which is available in the given link. Please let us know which one is correct.

    Thanks.

    Reply
  9. shivamurthy b

    So, Bank PO Salary after revision 2013 will be anywhere between Rs.38,678 to Rs.41,899 &
    Bank Clerk Salary after revision 2013 will be anywhere between Rs.21,339 to Rs.23,117

    Reply
  10. avinash

    Dear admin

    i would like to know your view about po2 3rd round of allotment as IBPS released notice about subsequent allotment…what is your view in this regard..waiting for your reply…plzzz sir….i missed by 0.36

    Reply
  11. Sakhil

    Hi der,, sir im working in bank of baroda as clerk from 19june in rural branch,, now on 10 aug got offer letter from sate bank of hydrabad as clerk to report to aurangabad on 20 aug ,,,im im very much confused wht to do? Should i switch or remain as im?

    Reply
  12. Adam Basha

    Dear Admin, A small correction – After merging D.A., THE REMAINING D.A. IS 19.2% AND NOT 28.80% – BECAUSE AFTER MERGER OF D.A. at 401 slabs, only 192 slabs are left as at August 2013. So %age of D.A. as at August 2013 is 192 X 0.1 = 19.2%

    Reply
  13. amiye

    when this new salary thing is going to be implemented…..as i am a fresher bank po yet to join the bank…..most probably in september…what salary will i get…..the old one or new …..??? admin can u clarify??

    Reply
  14. BAL MUKAND JAGETIYA

    is it applicable to rrb’s and please inform me whether transport allownce payable to a handicapped officer is rs400/- only or greate whether it accrues da or not. is there any more relief to this class in the 10th settlement or not!

    Reply
    1. Gopal

      at present your basic pay is Rs.9,900
      after 60.15% merging, yr basic is Rs.15,855
      we can expect 20% increment then it is 19,025
      and DA will be 23.04% and hra may be 10%
      so you may get gross as Rs.25,310

      Reply
  15. Himanshu

    How much salary will increase after 10th Bipartite settlement??
    Can we expect pay equivalent to Group A of central govt??

    Regards

    Reply
  16. nobody

    Hi Admin ,
    Thanks for the information. But I have little doubt on your calculation. It looks you made big mistake explaining the revised salary amount.

    Current Basic Pay = 14500 ; If you say its a 20 % hike on the basic this will make it “17400″ as new basic pay and in your calculation you shown it as “27866″. DA and other part comes after . But this thing are little confusing and looks not correct as per the facts stated by you.

    Please help clarify the doubts.

    Regards,
    New Banking Aspirant

    Reply
    1. banker

      DA merger + %age increase will add up to make final basic pay and other salary components i.e. DA(remaining 10.9%) HRA & CCA will be calculated on that final basic. DA is merged to calc new basic pay in the begining itself along with 20%(min.) increase by IBA.

      UNDERSTANDING D.A. MERGER AND WAGE REVISION PROCESS
      ************************************************
      In the meeting 12.08.2013 it is decided to merge 4440 points of CPI with Basic pay.
      What does it mean?
      As on 01.11.2011 CPI was 4440 for D.A calculation i.e 401 slabs, 60.15%(@0.15% per slab)
      As on 01.11.2012 CPI was 4876 for D.A calculation i.e 510 slabs, 76.50% (@0.15% per slab)
      Now after merging 4440 points D.A. for balance 436 points i.e 109 slab will remain.
      This 109 slab will not be calculated @ 0.15% as it will lead to giving D.A on D.A +basic.
      Hence it will be reduced.
      To what extent?
      In 8 th bi-partite settlement D.A. merger was at 2288 points. % per slab was 0.18%
      In 9th bi-partite settlement D.A. merger was at 2836 points. % per slab was 0.15%
      How 0.18 became 0.15?
      It is simple maths. (2288/2836)*0.18=0.145=0.15%
      Likewise this time it will be (2836/4440)*0.15=0.0958=0.10%
      This rate is not announced officially, but this is the method of calculation.
      If higher % is announced I will be happy.
      What is the effect of merging D.A with Basic Pay?
      Example:
      On 01.11.2012 Basic Pay =8000. D.A. (old)=6120 (@76.50%)
      Total=14120
      On 01.11.2012 Basic Pay=12812. (160.15% of 8000).D.A. (New)=1396.50(109*0.10%)
      Total=14208
      Now, Basic pay of 8000 becomes 12812.
      IBA has not revealed the % of wage increase yet.
      Any % announced will be calculated on 12812 and not on 8000.
      This is the effect of D.A.merger.
      All our benefits like HRA, CCA, PF CONTRIBUTION, PENSION, COMMPUTATION,LOAN ELIGIBILITY etc.,are calculated on the basis of basic pay only. Hence we have to increase Basic pay substantially.
      Therefore this merger point is a good one.
      ***************************************
      Effective date from 01.11.2012 and its importance:
      In previous settlements effective date was postponed by an year or so and different heads like B.P, D.A.,Spl.Allow, etc., was given effect on different dates therby loosing the arrears substantially.
      This time it is achieved from the day one.
      ********************************************

      Reply
  17. surjit singh arora

    pension of bank employee pensioners should be update automatically as of central govt and state govt pensioner

    Reply
  18. banker

    for PO…..14500/- (new basic=14500+8721.75(DA merging 60.15%) + 4644.35(20% increase min.)?=27866.1) +DA(remaining 10.9% i.e. 76.5% (as on nov 2012 & not on present DA)?-60.15%=16.35%@ 0.15 bt now reduced to 0.10, so comes down to 10.9% i.e. 3037.40
    + 2368.62(HRA) + 540(CCA if applicable)= Rs. 33812.12/- (GROSS)

    ARREAR(calc from nov 2012 to mar 2014= for 17 months = around Rs.1,23,709/- (GROSS)

    for Scale 2….new basic=19400+11669.1+ 6213.82(20% increase min.)?=37282.92)

    +DA(remaining 10.9%= 4063.84)+ 3169.05(HRA) + 540(CCA if applicable)= Rs. 45055.81/- (GROSS)?

    ARREAR(calc from nov 2012 to mar 2014= for 17 months = around Rs.1,46,642/- (GROSS)
    ?

    ?

    Reply
    1. akshtha

      I joined on 27th April 2013, and was suffering from knee fracture for 3 months my basic was 14500 so what is the expected salary or basic i may fget by 10 bps plus will i get any areears

      Reply
  19. banker

    DA merger + %age increase will add up to make final basic pay and other salary components i.e. DA(remaining 10.9%) HRA & CCA will be calculated on that final basic. DA is merged to calc new basic pay in the begining itself along with 20%(min.) increase by IBA.

    for PO…..14500/- (new basic=14500+8721.75(DA merging 60.15%) + 4644.35(20% increase min.)=27866.1) +DA(remaining 10.9% i.e. 76.5% (as on nov 2012 & not on present DA)-60.15%=16.35%@ 0.15 bt now reduced to 0.10, so comes down to 10.9% i.e. 3037.40
    + 2368.62(HRA) + 540(CCA if applicable)= Rs. 33812.12/- (GROSS)

    ARREAR(calc from nov 2012 to mar 2014= for 17 months = around Rs.1,23,709/- (GROSS) (for those who joined in or before nov 2012)

    for Scale 2….new basic=19400+11669.1+ 6213.82(20% increase min.)=37282.92)

    +DA(remaining 10.9%= 4063.84)+ 3169.05(HRA) + 540(CCA if applicable)= Rs. 45055.81/- (GROSS)

    ARREAR(calc from nov 2012 to mar 2014= for 17 months = around Rs.1,46,642/- (GROSS) (for those who joined in or before nov 2012)

    UNDERSTANDING D.A. MERGER AND WAGE REVISION PROCESS ************************************************

    In the meeting 12.08.2013 it is decided to merge 4440 points of CPI with Basic pay. What does it mean? As on 01.11.2011 CPI was 4440 for D.A calculation i.e 401 slabs, 60.15%(@0.15% per slab) As on 01.11.2012 CPI was 4876 for D.A calculation i.e 510 slabs, 76.50% (@0.15% per slab) Now after merging 4440 points D.A. for balance 436 points i.e 109 slab will remain.

    This 109 slab will not be calculated @ 0.15% as it will lead to giving D.A on D.A +basic. Hence it will be reduced. To what extent? In 8 th bi-partite settlement D.A. merger was at 2288 points. % per slab was 0.18% In 9th bi-partite settlement D.A. merger was at 2836 points. % per slab was 0.15% How 0.18 became 0.15?

    It is simple maths. (2288/2836)*0.18=0.145=0.15% Likewise this time it will be (2836/4440)*0.15=0.0958=0.10% This rate is not announced officially, but this is the method of calculation. If higher % is announced I will be happy.

    What is the effect of merging D.A with Basic Pay? Example: On 01.11.2012 Basic Pay =8000. D.A. (old)=6120 (@76.50%) Total=14120 On 01.11.2012 Basic Pay=12812. (60.15% of 8000).D.A. (New)=1396.50(109*0.10%) Total=14208

    Now, Basic pay of 8000 becomes 12812. IBA has not revealed the % of wage increase yet. Any % announced will be calculated on 12812 and not on 8000.

    This is the effect of D.A.merger. All our benefits like HRA, CCA, PF CONTRIBUTION, PENSION, COMMPUTATION,LOAN ELIGIBILITY etc.,are calculated on the basis of basic pay only. Hence we have to increase Basic pay substantially.

    Therefore this merger point is a good one.

    Reply
  20. vivek vohra

    sir, pls tell me my basic is 13400 i am head cashier last 10yers what will i get on this 10th settelment?

    Reply
  21. preeti

    when is the next po and so exam will be conduted for 2014.As i misssed this time to fill apps fom .I need to fill it for upcoming exam.

    Kindly answer .
    Thanks!!!

    Reply
  22. CHANDRASEKHAR

    It s strange that people discuss and arrive at conclusions for existing employees only. Probably they
    should also think that they will also become pensioners in future and their interest also to be
    discussed and deliiberated for better future.

    Hence i strongly feel that the negotiating leaders must take cognizance of pensioners and their
    plight for updation of pension in this settlement and ensure that it is obtained without postponing
    the issue for some other petty issues.

    chandrasekhar

    Reply
  23. SREE

    SIR,
    MY WIFE JOINED AS A PO IN 2012 AUGUST, HER PRESENT BASIC IS 15100, SO WHAT WILL BE THE APPROX GROSS SAL AFTER 10th Bipartite settlement?

    Reply
  24. PINAKI M. SUTRADHAR

    Dear Sir,
    I have been selected in UBI as Agriculture officer.Can you please let me know the salary details with total and take home. And also the future of the same.
    Regards,
    Pinaki

    Reply
  25. a k singh

    Hi. All of us should live in reality. Hardly 5000 will increase for po starting. Whatsoever percentage and all you calculate??

    Reply
  26. chandu

    sir, we will be happy with 20-25% increment in this wage revision, but sir, we wont be, as clerical staff, happy with 10% HRA in cities, our bad luck that we dont find grass huts (ie gudise) in cities. with 10% HRA we dont get more than that. I think Our leaders also know this, and I hope they fight for it. I think 30-50% of HRA what officers get will be fine.
    Union leaders, we promise you, we will be ready for any thing to achieve higher HRA in this wage
    revision. we will be behind you, pls fight for it

    Reply
  27. akhilesh

    Presently clerk duties and responsibilities is same of officer scale 1 but basic pay difference is very bad pls reduce clerks and officer basic gap if no care staff scarcy come

    Reply
  28. N K SAXENA

    I prometted ccc to officer on dt 14122013 at present my basic pay is 21700 & I have complited CAIIB IN the year 2004, but my basic pay is 24900 after fitment .what is right or wrong please clear it.

    Reply
  29. N K SAXENA

    SIR,I am posted in regional rural bank. I prometted ccc to officer scale-1 on dt 14122012 AT present my basic pay is 24700 & I have complited CAIIB in the year 2004 . but my basic pay is fixed RS 24900 aftar fitment.what is right or wrong please clear it .

    Reply
  30. sadanand yadav

    sir
    with increasing pressure on bank and quitting of job of new comer is great cause of concern so meagre
    increase in salary will affect more on banking part of it

    Reply
  31. pruthvi

    Sir, nice to see ur suggestions. Can any one expect an increase of 20-25-30% by seeing the IBA’s negotiations. I did not think so.

    Reply
  32. VC MANI

    20 % OR 25% OR 30% …… HIGHLY IMPOSSIBLE …SO WRITE ARTICLE FOR 12.5 % OR 14% OR 15%(MAXIMUM)…SO FRESHER CAN GET 18,000/- NEARLY(I THINK) THIS IS GOING TO BE BIG DEAL…………
    I DONT KNOW Y UNION AGREE FOR THIS SMALL WAGE REVISION….. FOR THIS THERE TAKING 1 AND HALF YEAR… SHAME OF THEM………….

    Reply
  33. amit raj srivastava

    maine socha tha ki po ki salary 60000/- and clerk ki salary 30000/- hogi. kyo ki hum utna pressure jhelte hai. but yaha log 37 38 39 hazar pakar hi khush hai to sayad mai hi kuch galat soch baitha. kash mai v inki tarah badhiya soch pata. mere dost private me lac salary earn karte hai. cen.govt wale kum kam k bavjud 50000/- earn karte hai. aur hum 37-38-39 per hi jai hind karte hai….mera v jai hind hai bhai.

    Reply
  34. OMPRAKASH

    SIR.I CANT UNDERSTAND HOW BANK UNION LEADERS ARE WORKING STATE GOVT. /CENTRAL GOVT. EMPLOYEES ARE GETTING TO MUCH SALARIES INSTEAD OF BANK EMPLOYEE ALSO (5) DAYS WEEK.WORK LOAD IS ALSO TO MUCH ON BANK EMPLOYEE & WORKING (6)DAYS WEEK…
    PLEASE CONVENCE THEM PROPERLY .SO THAT MINIMUM 30% INCREAMENT BE DONE.

    Reply
  35. Sharath Kiran

    As of now IBA has accepted to pay only 10%, but u have calculated for 25% and mark that as worst case but now we are facing even worst situation. In order to get 25% hike in salary hope we have go for strike for couple of more days..

    Reply
  36. amit hada

    Modi laaao…. Banking bachao…..
    Chidambaram ko goli maaro…. Uske peeche mat bhago…. Aur thode se dino ka mehmaan hai….

    Reply
  37. pats

    Respected all Leaders, I appreciate the wage revision. Thanks for hard work. But the difference between the wage of an officer and clerk is too high.

    Reply
  38. indarajeet das

    I am very upset about the difference of basic of PO&CLERK. Basic of clerk should be more instead in present. It should be80-90% of PO basic. Thanks…..

    Reply
  39. SANJEEV

    GRADUATION& CAIIB ALLOWANCE AFTER STAGNATION SHOULD BE FIXED ON INITIAL INCREMENT.
    AFTER CBS BANKING WORKING HOURS ALREADY HAVE BEEN INCREASED SO FIVE DAY WEEK SHOULD BE IMPLEMENTED WITHOUT INCREASING WORKING HOURS.NO STAGNATION, INCREMENT SHOULD BE RELEASED IN EVERY YEAR .SETTLEMENT SHOULD BE MINIMUM 20% INCREASE.OTHER FACILITIES LIKE
    CENTRAL GOVT EMP SHOULD BE DEMANDED

    Reply

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