India has 12 Public Sector Banks and 7,58,172 employees as of 2024-25. Each Bank has union/ association to support their employees. Some Banks have more than 1 unions also. Today, we will try to understand how much money these bank unions earn from their members.
| Total Employees | 7,58,172 |
| Officers (50%) | 3,79,086 |
| Clerks (35%) | 2,65,360 |
| Sub-Staff (15%) | 1,13,725 |
| Cadre | Membership Fees | Total Amount Earned Per Month |
|---|---|---|
| Officer Membership Fees Per Month | Rs.200 | Rs.7,58,17,200 |
| Clerk Membership Fees Per Month | Rs.100 | Rs.2,65,36,000 |
| Sub-Staff Membership Fees Per Month | Rs.50 | Rs.56,86,250 |
| Total | Rs.350 | Rs.10,80,39,450 |
So, Bank Unions earn around Rs.10 crore from their members per month. If we calculate per year, the total amount comes to Rs.129,64,73,400 (Rs 129.64 crore). So, all the bank unions earn more than Rs.100 crore each year in total. This is a huge amount. This calculation is based on approximations and actual figures may vary.
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