Revised Salary of Bank Employees: Here we provide you the Revised Salary of Bank Employees. The Indian Banks Association (IBA) has decided to hike the salary of bank employees by 15%. We have added complete details about this bank wage revision latest news 2020. Read the full article to know about the Revised Salary of Bank Employees 2020.
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IBA and Bank Union Finalises 15% Hike: The Bank officers wage revision is pending since 2017. Now the IBA and the workmen union has finalized the officer and workmen wage settlement.
Clerks Revised Salary: The Revised Salary of Bank Employees in clerical and sub staff cadres are,
The clerks and subordinate staff will get the same basic pay and HRA, irrespective of the work locations. Basic pay of clerks – Rs.17900 to 65830 Basic pay of sub staffs – Rs.14500 to 37145 HRA – 10.25% Approximate gross salary of clerks at the starting scale – Rs.31000 Officers Revised Salary: The Revised Salary of Bank Employees in officer cadres are,
Basic Pay range of officers – Rs.36000 to 129000 1st scale officers basic pay – Rs.36000 to 63840 (16 annual increments) 2nd scale officers basic pay – Rs.48170 to 69810 (11 annual increments) 3rd scale officers basic pay – Rs.63840 to 78230 (7 annual increments) 4th scale officers basic pay – Rs.76010 to 89890 (6 annual increments) 5th scale officers basic pay – Rs.89890 to 100350 (4 annual increments) 6th scale officers basic pay – Rs.104040 to 116000 (4 annual increments) 7th scale officers basic pay – Rs.116120 to 129000 (4 annual increments) HRA – 9% or 8% or 7% (depends upon the work location) CCA – Rs.1400 (higher cities) and Rs.1150 (lower cities) Approximate gross salary of Officers at the starting scale – Rs.50000 This settlement is applicable to 12 Public Sector Banks and 11 Private Sector Banks.
Private Sector Banks List: The Private sector banks that come under the new pay scale of bank employees are,
Federal Bank Karnataka Bank JK bank South Indian Bank KVB RBL bank Nainital bank KMB IDBI Dhanalakshmi bank This post was last modified on November 11, 2020 7:14 pm
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