What will be the expected basic pay of bankers’ after 11th Bipartite Settlement ? Based on the charter of demands submitted by the Banker’s Union with initial hike on salary offered by IBA i.e. 10% as load factor, the revised basic pay of Bankers is calculated.
Read – Employees of these Banks may not get any salary hike after 11th Bipartite ?
This calculator is designed with open fields where load factor can be provided as and when IBA revises their offer. Users need to provide the Basic pay and Load factor.
- The DA as on 31-10-2017 on the exiting basic pay will be at 47.80%. The whole D.A. at 47.80% will be merged with the existing basic pay.
- Since the entire D.A. outstanding as on 31.10.2017 is merged with the existing Basic Pay, the new D.A. as on 01.11.2017 will be ‘Nil’.
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