Base Date for Merger of DA with Existing Basic Pay of Bank Employees in10th Bipartite Settlement

Good news to bank employees.. IBA has agreed for merger of Dearness Allowance with the existing Basic Pay as on 1.11.2011. During the course of the talks, the IBA has agreed to fix the 01.11.2011 as base date for merger of Dearness Allowance with the existing Basic Pay. As on 01.11.2011, the Dearness Allowance was 60.15%. 10th bipartite settlement for bankers is due from 01.11.2012.



There is no news regarding the increment in this wage revision. Going by the expectations and the present mood of the ordinary members, we can very well say, anything below 25% will not be acceptable and hence may be rejected outright by a majority of them. If the Trade Union leaders settle for anything less, they face the prospect of being overthrown lock, stock and barrel, by their own fraternity.


According to this Base Date for Merger of Dearness Allowance with the existing Basic Pay of Bank Employees 10th bipartite settlement, Newly recruited PO salary will be 38,000 to 40,000 per month. Newly recruited Clerk salary will be 21,000 to 23,000. I will write detailed post to explain the wage revision calculations if you are interested to know. So, no need to think about your salaries, just prepare well to get placed in any PSU Bank. All The Best!..

Tuesday, 13 August 2013

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28 comments :

  1. Abhishek13 August 2013 at 23:41

    Hi Admin,
    I have allotted Dena Bank in second round of allotment by IBPS. Currently i am working as a software engineer in IT Company and i already put a paper and currently i am in 2 month notice period. I have some query please help me on this.
    If joining date is before the end of notice period. I can take extension? or not
    Please help me on this because of that i couldn’t able to sleep and not able to focus on any other work.

    ReplyDelete
  2. Admin14 August 2013 at 01:21

    u can ask for extension by mentioning the reasonable for cause for extension

    ReplyDelete
  3. Abhishek14 August 2013 at 01:31

    So i can ask extension ? and they will give me extension?

    Thanks Admin for your help. now i can sleep and focus on my work

    ReplyDelete
  4. VAISHNAV14 August 2013 at 01:40

    Dear Admin
    Please give more explanation for salary and wages.

    ReplyDelete
  5. mithun mondal14 August 2013 at 03:03

    is idbi comes under iba,if not then what may the salary for new po....

    ReplyDelete
  6. Vishwajeet mishra14 August 2013 at 03:13

    Admin i have joined kanpur ordnance factory through ssc ldc and getting 15000 free medical facility to me and my family members canteen facility . my joing as clerk in allahabad will come within a month. Should i leave this job as salry will be 20 in bank clerk. Plz suggest me. Thanks in advance

    ReplyDelete
  7. prem prasad sharma14 August 2013 at 03:39

    sir got syndicate bank in po-2 second allotment , please sir tell me which type of perks
    i will get except salary

    ReplyDelete
  8. XYZ14 August 2013 at 04:55

    sir please explain how the revised salary will be calculated and when 10 th settlement will take place !
    thank you.

    ReplyDelete
  9. raj14 August 2013 at 05:09

    DEAR ADMIN,
    PLZ POST THE DETAILED ANALYSIS.................IF POSSIBLE PLZZZZ TELL WHAT IS THE BY HAND SALARY OF IOB PO FOR NEW BATCH.............

    ReplyDelete
  10. manish kumar14 August 2013 at 05:21

    dear admin i m going to join sbh as a clerk what will be my in hand salary. plz reply

    ReplyDelete
  11. Deependra14 August 2013 at 15:15

    Sir,
    Please send me the full details regarding wage revision2013.

    ReplyDelete
  12. Subhada Mohanty14 August 2013 at 18:12

    Dear Admin Can you please post expected Salary details for each slab of basic. I mean from Rs. 14500 to Last Slab for scale VI

    ReplyDelete
  13. jack16 August 2013 at 01:52

    Hi Admin,
    I have allotted in second round of allotment by IBPS po

    in ibps po adv. they asked that 1 jan 2012 passout

    but i have passed in 3-jan 2012
    what to do?

    ReplyDelete
  14. Sharique16 August 2013 at 16:29

    is this applicable to RRbs also?

    ReplyDelete
  15. v.ganesha17 August 2013 at 04:21

    pl.inform latest news reg X bps

    ReplyDelete
  16. Deepak kr singh17 August 2013 at 20:29

    It is the very good news for banker
    ab to kaam krne me kuchh jyada hi intrest hoga

    ReplyDelete
  17. ankit phogat18 August 2013 at 21:06

    when it will on movment

    ReplyDelete
  18. katta seetha ramaiah21 August 2013 at 07:16

    Newly recruited Persons employed in Banks are resigning within 6 months by more than 40 % with a reason lesser salaries. DA should be merged as at 01.11.2012 i.e the date of 10th bipartite settlement for bankers is due from 01.11.2012.

    ReplyDelete
  19. katta seetha ramaiah21 August 2013 at 07:17

    Newly recruited Persons employed in Banks are resigning within 6 months by more than 40 % with a reason lesser salaries. DA should be merged as at 01.11.2012

    ReplyDelete
  20. ashutosh21 August 2013 at 14:32

    ye sab bewkoof bana rahe hai issse koi jada fayada nahi hone wala jo naye hai like right now my my salay is 15899 in sbi. and deduction are approx 2300 fro pf and cpf
    but after new revise pay my salary will be 17+ and deduction will be 2600 so overall salary in hand is 15000......
    but jo log purane hai unko bahut he zada fayada hai if da and basic merged they will get a slary hike of minimum 15 thousand.........

    ReplyDelete
  21. divya28 August 2013 at 02:28

    it is applicable for all private sector banks like icici , city union bank, tamil nadu mercantile bank, south indian bank etc.. pls reply....

    ReplyDelete
  22. deepak1 September 2013 at 12:49

    I agree with katta seetha ramaiah, due to high attrition rate in the banking industry, wage revision should be more than 25% after Basic DA merger

    Special thanks to bankclerkpo.com for giving such an accurate information about salary in banks for PO and clerk.



    @ ashutosh

    plz dont give wrong information here, u shud be shameless that being a bank employee u dont know the pay structure and Bipartite Settlement

    ReplyDelete
  23. deepak1 September 2013 at 12:55

    Hi admin,

    Thanks to giving this information, this info was very much essential for me.

    ReplyDelete
  24. v p verma1 September 2013 at 14:41

    pl let me know the next meeting date for 10th bipartite

    ReplyDelete
  25. YAGNESH P. JOSHI10 September 2013 at 04:17

    dear sir,
    let me please inform latest wage revision news time to time please thanks.i am serving in the SBI

    ReplyDelete
  26. nagendra kumar28 January 2014 at 14:38

    IBA UFBU KO KUTTA SAMAJHTA HAI.SARA HUA HADDI CHATAWAKAR KHUD SARA MAANS KHA JANA CHAHTA HAI.Actually IBA is playing tricks.There is no alternative .They should go on INDEFINITE STRIKE.After that the government will open its eyes.BEST OF LUCK.

    ReplyDelete
  27. nagendra kumar28 January 2014 at 14:46

    Dear colleagues,we should go on INDEFINITE STRIKE to open the eyes of IBA as well as the government for the pending issues like compassionate appointment,family pension ,pension and wage revision because they have been playing tricks for the several years.Thanks.

    ReplyDelete
  28. mahendrakumar patel8 February 2014 at 05:21

    why UFBU not demanded rise accordance with the settlement given to the employees of RBI last time.l.e.40 %. if further talks failed, then ufbu must give indefinate period strike starting between 10th to 15th march.i am of the opinion that ufbu leaders are prolong the settlement for getting more levy amount depending on arrears. But the time has come if UFBU leaders accept less then 25% then we have to pay the lumpsom levy of RS.500/*( Rs five HUNDRED only)in no case more than Rs.1000/- (Rs.one thousand only)

    ReplyDelete

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