11th Bipartite Expected Pay Calculator for bank employees and officers
The 11th Bipartite Expected Pay Calculator has been created to determine the appropriate remuneration package for bank employees and officers. It is essential that the compensation offered to these officers reflects their value, taking into consideration their heavy workload and the significant risks and responsibilities they undertake. It is imperative that bank officers are treated on par with government officials and PSU officers. The 7th Pay Commission Report emphasizes the importance of considering the social status of officers when determining their salaries.
In this era of intense competition, the remuneration of bank officers plays a vital role in promoting proactive functioning and ensuring their commitment, dedication, and hard work towards the progress of the country’s economy. The salary structure should fulfill four primary objectives: attracting and retaining high-quality officers, motivating officers to perform at their best, facilitating other human resource management reforms, and maintaining relativity with the minimum salary in banks and the initial pay of Group D employees in line with the compression ratio observed among Central Government Group A officers.
Additionally, the salary should account for the risk, responsibility, accountability, and transferability that come with being a bank officer. To maintain the status of bank officers comparable to that of government officials, it is crucial to provide an adequate salary that offers an additional cushion. Stagnation should be prevented, and running scales should be introduced to ensure promotions are based on availability and business needs.
Furthermore, the concerns, aspirations, and experiences of female officers should be taken into account, and superannuation benefits should enable officers to lead a respectable life after retirement. Above all, the hard work and contributions of bankers towards the development of the economy should be duly acknowledged through a fair increase in salary and allowances.
Compression Ratio of CG Employees and Bank Staff
Table-1: The compression ratio pertaining to the minimum Basic Pay of Group D employees and Group A officers, as established by various Pay Commissions of the Central Government, is under scrutiny. This ratio essentially pertains to the difference in salary scales between these two employee groups.
| Central Pay Commission | Minimum Basic Pay (Group D) | Minimum Basic Pay of Officer Grade (Group A) | Compression Ratio |
| III CPC (1973 to 1985) | Rs. 196 | Rs. 700 | 1: 3.57 |
| IV CPC (1986 to 1995) | Rs. 750 | Rs. 2200 | 1: 2.93 |
| V CPC (1996 to 2005) | Rs. 2550 | Rs. 8000 | 1: 3.13 |
| VI CPC(2006 to 2015) | Rs. 7000 (Band Pay 5200 + Grade Pay 1800) | Rs. 21000 (Band Pay Rs. 15600 + Grade Pay 5400) | 1: 3 |
| VII CPC(2016 onwards) | Rs. 18000 | Rs. 56100 | 1: 3.11 |
Table-2: The compression ratio of minimum Basic Pay of Sub-Staff and Officer Grade under different bipartite Settlements in Banks
| Bipartite Settlemtn | Minimum Basic Pay (Sub-Staff) | Minimum Basic Pay of Officer Grade | Compression Ratio |
| 2nd Bipartite (01.01.1970) | 116 | 500 (01.01.1970) | 1: 4.31 |
| 3rd Bipartite (01.09.1978) | 245 | 700 (01.10.1979) | 1: 2.85 |
| 4th Bipartite (01.07.1983) | 430 | 1175 (01.02.1984) | 1: 2.73 |
| 5th Bipartite (01.11.1987) | 815 | 2100 (01.11.1987) | 1: 2.57 |
| 6th Bipartite (01.11.1992) | 1600 | 4250 (01.11.1992) | 1: 2.65 |
| 7th Bipartite (01.11.1997) | 2570 | 7100 (01.11.1997) | 1: 2.76 |
| 8th Bipartite (01.11.2002) | 4060 | 10000 (01.11.2002) | 1: 2.46 |
| 9th Bipartite (01.11.2007) | 5500 | 14500 (01.11.2007) | 1: 2.63 |
| 9th Bipartite (01.05.2010) | 5850 | 14500 | 1: 2.47 |
| 10th Bipartite (01.11.2012) | 9560 | 23700 (01.11.2012) | 1: 2.47 |
Expected DA Calculator for Bank Employees from August 2020
Here a simple tool provides to calculate the Dearness Allowance in advance for Bank employees from August 2020. [Click to calculate DA]
Next 11th BPS Meeting – UFBU Meeting with IBA will be held on 22.7.2020
The next 11th BPS meeting will be held on 22nd July 2020 between the Negotiating Committee of IBA and the United Forum of Bank Unions (UFBU). [Click to read continue]
11th Bipartite Settlement Latest News 2020: Bank Employees Wage Revision effective from 1.11.2017
- Salary Revision from 1.11.2017
The wage revision will be effective from 1.11.2017 for Bank employees. [Click to read continue]
Bipartite talks on 22 July 2020: Bank issues like Merger of Special Allowance with Basic Pay
Expected to talk about the main issues at this meeting.
- Merger of Special Allowance with Basic Pay
- Loading after the merger of DA
- 5-day banking
- Improvement of family pension
- Updation of pension.
- Click to read more
11th Bipartite Settlement Latest News July 2020 – 15% salary Hike for Bank Employees
Minutes of the discussions held on 22nd July 2020 between IBA representing Management of banks which are parties to the Bipartite Settlement and Workmen Unions and Officers’ Associations on wage revision. [Click to read continue]
7th Pay Commission Salary Calculator Updated Oct 2019
Hand Salary including Basic Pay, DA, HRA, TA, and NPA (if eligible) pay level calculator updated for existing CG employees after the announcement of 17% DA from July 2019. [Click to calculate]
7th Pay Matrix Table for Central Government Employees
The 7th Pay Commission has designed and recommended an innovative pre-calculated pay scale table eligible for all classifications (Group A, Group B, Group C) of central government employees. Performance Linked Pay Matrix table is introduced for bank employees. [Click to view the pay matrix table]
11th Bipartite Settlement Officers and Workmen PDF: 11th Bipartite Settlement for Bank Officers and Workmen Dated 11.11.2020 [Click to read more]
11th Bipartite Settlement New Pay Scales: As per the 11th Bipartite Settlement signed on 11.11.2020, the below pay structure for bank Clerical Staff and Sub Staff: [Click to read more]
11 Bipartite Settlement – CC Meeting on 7th November 2020: The meeting noted that the negotiation has reached a final stage. The cost distribution sheet has been signed by both officers and workmen. [Click to read more]