10th Bipartite Wage Settlement for Bank Employees – Pay and Arrears Calculator provided by AIBOA for Bank Officers
AIBOA (All India Bank Officers Association) has come up with 10th Bipartite Wage Settlement New Pay and Arrears Calculator for Bank Officers. AIBOA has provided an excel file for free download which contains the calculation of likely New Pay and Arrears for all Bank Officers when their pay and allowances are revised as per 10th Bipartite Wage Settlement for Bank Employees. While negotiation in respect of 15% increase in Pay and Allowances of Bank Employees has already been completed, talks are going on between IBA and all bank unions in respect of other service matters of Bank Employees.
In the meantime, it is reported by AIBOA in its official website that 7th Joint Note for finalising 10th Bank Wage Settlement is to be signed between Officers Organisations and IBA soon and that they would upload the text of the same as soon as the joint note between IBA and Bank Unions are signed. AIBOA has also proived highlights of Pay and other details which have negotiated already and agreement has been reached between IBA and Bank Unions
Basic Pay 23700 – 85000
DA @0.10% per slab [ As on date 33.70% ]
Up to Scale III @ 7.75% + DA
Scale IV and V 10% + DA
Scale Vi and VII 11% + DA
HRA @ 7 8 9 %
CCA @ 600 and 870 > 3% and 4% subject to maximum
Mediccal Aid 8000 up to Scale III & 9050 above ScIII
Stagnation Increment one Additional Increment for Scale II III and IV
For the convenience of readers we have published AIBOA New Pay and Arrears Calculator for Bank Officers online. Enter your present pay details in the relevant boxes given below and get the new pay and arrears details.