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12th Bipartite Settlement

Bank Employees Salary Revision | 17% Wage Hike from 1.11.2022 | IBA Circular PDF

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India's Bank Unions Agree to 17% Salary Hike

The Indian Bank Association (IBA)​ and bank employee unions have​ reached an agreement on wage ​revision, as stated in a press release issued on Thursday evening. Under this memorandum of understanding, there will be a 17 percent in​crease in salary and allowances for a period of five years, ​starting from November 2022. The statement also … Read more

Status of 12th BPS for Bank Employees

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Status of 12th Bipartite Settlement for Bank Employees

Status of 12th BPS for Bank Employees PDF The revision of bank employees’ salary and service conditions, as per the 12 Bipartite Settlement, is a highly anticipated event that is due to begin on November 1st, 2022. The settlement will impact a large number of employees across various levels and designations in the banking sector. … Read more