Good news for bank employees! The 12th Bipartite Settlement (12th BPS) has been signed on 8th March, resulting in an increase in the salary of bank employees. According to the information available, the settlement will be in effect for the next five years, starting from November 1, 2022.
As per the officially signed Memorandum of Understanding (MOU), bank employees will receive a 17% increase in salary. The salary increment is scale-wise, meaning it varies based on the employee’s position within the bank.
The salary structure for bank employees includes various components such as Basic Pay, Dearness Allowance (DA), Special Allowance, and Load Factor. The load factor is calculated at 3% and is included in the new salary for bank employees.
The revised salary structure for bank employees as per the 12th BPS settlement varies based on the position and scale. The exact details of the new salary structure can be found in the official circular or through salary calculators provided by reliable sources.
![IBA released Fitment Chart for Bank Employees as per 12th BPS [Download PDF]](https://hellobanker.in/wp-content/uploads/2024/08/OrangeandBlackWithPhotoCameraYoutubeThumbnail_20240821_081606_0000-ezgif.com-jpg-to-webp-converter-390x220.webp "IBA released Fitment Chart for Bank Employees as per 12th BPS [Download PDF]")
Pensioners interest must also be guarded by the union leaders and IBA together as present employees are also going to be pensioner someday.
Today’s SBI status is based on the hard work of the pensioners. Remember the two years of Covid 19 the Banks played a wonderful role and the employees of that era are pensioners today hence their interest must be protected in given circumstances.. Ignoring pensioners interest is like striking axe on your own foot..
Leadership means lots of hopeless greedy union leaders who never think for retired staff it’s not only BANK all over India nobody want development only corruption sometime fell shy that we are always cheated by the greedy indian Leaders
Shame on the part of bank unions for not achieving pension updating.
Bank pensioners are cheated kya dikhaya gaya or
kya diya gaya rat or din ka difference 11bps me pension updation ka wada Kiya or 12bps me 1000 -1200 ex gratia dekar dhokha kiya
Retirement mut do 60 sal hone par mar do til til murne se acha hai Rajasthan bank family pension 12000 me electricity bill or medical bhi pura nahi padta state government central government Bank employee me difference kyo
There is very meagre or no increase (we can say) for pension community. For me retired in 2012 the increase will only be Rs2800/( no DA on this). They must improve the conversion factor from fraction of a percent to some whole percentage.
Pensioners are liabilities and are therefore not cared for. Updation is only a dream project and will remain so as long as the current leadership is on the driving chair. They have to be uprooted to bring a drastic change in the leadership and its attitude towards the pensioners.
Per day bank union leaders are becoming rich and huge tummy person and are on backfoot upon negotiation with iba
Tqs for settlement all leaders n all dedicated members.
This level of present banks is the result of hard work of pensioners.
Why this disparity. Sorry for management.
Bank pensioners are cheated. There is no updation.
Why charts are only for serving,and not for pensioners who have given their life to bring this bank to today’s level
Pensioners r nothing for bank managements