Arrears Calculation Chart for Bankers after 11th Bipartite Wage Revision July 2020

Following are the Calculation of Arrears for the Public Sector Bank Employees who wage revision was mutually agreed between IBA and Unions.

Kindly note that amount equivalent to One Gross Salary has already been credited to the Bankers on Ad-Hoc basis hence that needs to be reduced for arriving at the final arrears , as we have in the table given the total arrears payable.

Present Basic Salary		Appx. Minimum Arrears till October 2020 ( on assumption of the total 15% rise 10% will be given to PaySlip Component
23700		89320
24680		93010
25660		96710
26640		100400
27620		104100
28600		107790
29580		111480
30560		115180
31705		119490
32850		123810
34160		128740
35470		133680
36780		138620
38090		143560
39400		148490
40710		153430
42020		158370
43330		163300
44640		168240
45950		173180
47260		178120
48570		183050
50030		188560
51490		194060

Public Sector Bank 11th Bipartite Basic and Full Salary Chart Part 3/3

As like last Wage Revision of Public Sector Banker are again at the forefront to publish the New Salary chart of Bankers after the wage negotiations was signed yesterday.

Here is the part 3 of the three chart showing the full details of present basic from 59,170 to 85,000

Kindly note that Old Gross has been without adding HRA, as most of the PSB Officers are residing on Lease accommodation.

Second Last column of the  chart gives the differential salary increase with old Gross salary.

Last column shows the New Gross salary with HRA for those who are claiming the HRA

Lines in the red colour indicates the starting Salary of the starting pay grade like Scale 1,2,3 ...

Kindly post your queries in the comments section.

Public Sector Bank 11th Bipartite Basic and Full Salary Chart Part 2/3

As like last Wage Revision of Public Sector Banker are again at the forefront to publish the New Salary chart of Bankers after the wage negotiations was signed yesterday.

Here is the part 2 of the three chart showing the full details of present basic from 40,710 to 57,520

Kindly note that Old Gross has been without adding HRA, as most of the PSB Officers are residing on Lease accommodation.

Second Last column of the  chart gives the differential salary increase with old Gross salary.

Last column shows the New Gross salary with HRA for those who are claiming the HRA

Lines in the red colour indicates the starting Salary of the starting pay grade like Scale 1,2,3 ...

Kindly post your queries in the comments section.

Public Sector Bank 11th Bipartite Basic and Full Salary Chart Part 1/3

As like last Wage Revision of Public Sector Banker are again at the forefront to publish the New Salary chart of Bankers after the wage negotiations was signed yesterday.

Here is the part 1 of the three chart showing the full details of present basic from 23,770 to 39,400

Kindly note that Old Gross has been without adding HRA, as most of the PSB Officers are residing on Lease accommodation.

Second Last column of the  chart gives the differential salary increase with old Gross salary.

Last column shows the New Gross salary with HRA for those who are claiming the HRA

Lines in the red colour indicates the starting Salary of the starting pay grade like Scale 1,2,3 ...

Kindly post your queries in the comments section.

Details of Scale of Pay of Basic Salary for Officer Employees After Wage Revision

Following are the Sales of Pay for Various Cadres to be paid to Public sector bank employees as well as State Bank group employees also few old generation private sector banks.

Scale I : 23700  - 980/7  - 30560  -- 1145/2   -- 32850  - 131-/7   - 42020

Scale II : 31705  - 1145/1  - 32850  - 1310/10  - 45950

Scale III : 42020  - 1310/5  - 48570  - 1460/2  - 51490

Scale IV : 50030  - 1460/4  - 55870  - 1650/2 - 59170

Scale V : 59170  - 1650/2  - 62470  - 1800/2  - 66070

Scale VI : 68680  - 1960/4  -  76520

Scale VII : 76520  - 2120/4   - 85000

Fitment :

Fitment shall be stage to stage i.e.; on corresponding stages from 1st Stage onwards and the increments shall fall on the anniversary date as usual.

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Explanation from ApnaJobs :

The above bank wage revision charts are effective from 1 November 2012  and arrears if any shall be paid from the effective date, the effective dates have been mentioned in our earlier posts which can be checked from the following Link

Effective dates of bank revision and various benefits Details Here

The above are the basic Salary for various cadres and Dearness Allowance shall be paid upon them, and present Dearness allowance for bankers till July 2015 is 33.7% which is payable on Basic salary as well as on Special allowance which is 7.75% - 11% of Basic salary.