Proposed pay structure submitted to IBA for New Wage Revision of Clerks in PSB

Here is the proposed new pay structure submitted by bank unions to the IBA for approval upon which the new pay scales will be implemented in the Public sector bank and State bank of India.

 Kindly note that our earlier predictions came vary true in case of officers also , as the same formula has been applied in case of clerical staffs also , here they have not been given grade pay but instead higher HRA therefore the final increase in Gross salary of bank clerk after wage revision is around 15% , which he had also informed earlier.

The other allowance have been increased which augurs well for the bank clerk staffs , here the proposed transport allowance in much higher additionally PQP and FPP has also been increased which will be beneficial in the long term for clerical staffs in Bank.