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 …….