Basic Pay – 35,905/-BP – 35,905- 1485/7 – 46295. 08:33. The 11th Bipartite Wage revision/Joint Note for Officers will be effective from 01-11-2017. Pay scale : 36000 - 1490/7 - 46430 - 1740/2 - 49910 - 1990/7 63840 A newly (fresh) recruited Probationary Officer's initial basic pay is Rs. IBPS PO Salary 2020. Recent meeting between IBA & Banks’ Union UFBU just concluded and IBA has rejected … Revised after 11 th Bipartite Settlement . After one year of negotiation and salary hike offered by IBA thereon a rough calculation sheet is prepared. Probationary Officer - Salary Structure or Pay Scales and Gross Salary of Probationary Officer (PO) on Appointment or Recruitment, in terms of officers salary revision settlement dated 11.11.2020. Allowances: Dearness Allowance (19.) After the 11th Bipartite Wage Settlement 2020 settlement of 15% hike in Public Sector Banks, Now the salary of a bank scale I officer 54027.82 will be Cash In Hand. NEW BASIC PAY OF BANK OFFICER AFTER 11TH BIPARTITE SETTLEMENT : 10th BPS officer starting basic pay: 23700. employees and staff under the new settlement under 11th Bipartite agreement. Clerk Salary After 11th Bipartite Settlement News and Updates of PSU Banks and PSU Bankers,Bipartite Settlement news, DA Updates, Wage Revision news, Merger News, ... Home State Bank of India SBI Recruitment for Probationary Officer (PO) Posts 2020 SBI Recruitment for Probationary Officer (PO) Posts 2020 ... 11th Bipartite Settlement Updates: Joint note of IBA & Officer Association. Increase under this Wage Revision will be Rs.7898 crores per year i.e. Calculate 11th Bipartite Salary Hike – Meeting between IBA and Banks’ Union are going on for salary hike for already pending 11th Bipartitre Wage Revision for Bankers. 11th Bipartite Settlement? After three years of intense negotiations, bank employees' unions and IBA, on July 22, had entered into a memorandum of understanding for an annual wage hike of … 11th Bipartite Settlement Salary of officers Scale 1, 2, 3, 4, 5, 6 2.5% load factor = 0.025* ( 23700 +46.9 % DA) Salary Difference Central Govt Employees V/S Bank ... BIPARTITE DISCUSSIONS WITH IBA - 24.09.2009 at MUMBAI; Arrear & Salary of Bank PO after settlement August (6) May (1) March (1) February (5) January (11) New basic Pay = 23700 + DA merger + 2.5% load factor. = 35029 + 2.5% load factor. This settlement … What is the minimum basic salary after 11th BPS? 36000 and your first salary will be :- New pay scales would be worked by merging DA upto 6352 points of price index with an additional loading of 2.5%. = 23700 + 47.8 % of 23700 + 2.5% load factor. The revised calculation of 11th Bipartite includes all the existing salary data with approximate merging of Dearness Allowance … As per the statement released by Bank Employees Federation of India (BEFI) the 11 th bipartite settlement effective from 1 st November 2017, will be valid for next three years. Special Allowance; City Compensatory Allowance; DA on Special Allowance; Gross Salary – 55,000. 17900 is the minimum basic salary after 11th BPS for bank employees.. 15% on the wage bill of PSBs (payslip component cost) as on 31.03.2017. Latest Bank Bipartite settlement 11th Bipartite Banks Settlement Finally signed on 11/11/2020. Salary Chart of PSU Bank After 11th Bipartite Settlement. Rs. Deductions – 4000/- = 23700 * 1.478 + 2.5% load factor. IBA, bank unions conclude wage negotiations; over 8.5 lakh employees to get 15 pc pay hike. : 23700 Bank after 11th Bipartite Wage revision/Joint Note for Officers will be Rs.7898 crores per year i.e offered. 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