Bank PO and Clerk Job Salary after revision

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 9^th Bipartite settlement ends in october 2012 and 10^th Bipartite Settlement is due from November 2012. Each settlement is valid for a period of five years. The earlier settlement expired in October 2012.

Every bank Employees and bank job aspirants are curious to know that, what will be the revised salary for Bank PO and Clerks after this revision.

The meeting was held on 12^th August 2013 at Mumbai in which IBA agreed for revision of wages effective from 1.11.2012 and merger of 60.15% DA with Basic pay.

Bank PO Probationary Officer Salary After Revision:

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

If IBA agree for 20% increment, Final Basic Pay will be Rs.27,866. 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/-

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/-

Bank Clerk Salary After Revision:

At present a newly joined Bank Clerk’s Basic Pay is Rs.8,000. After merging the 60.15% DA 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/-

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/-

CONCLUSIONS:

 1) Increased Gross Salary for Bank Probationary Officers (POs) will be 38678.14 Rs approximately.

2) Increased Gross Salary for Bank Clerks will be 21339.66 Rs approximately.