12th Bipartite Wage Settlement Expected Salary Calculator

 

The 12th Bipartite wage settlement is due on 01.11.2022. The salary and other wage components of public sector banks and some private sector banks shall be decided after discussion between UFBU and IBA under 12BPS. The discussions generally last for 2 to 3 years after which the bankers are paid increased salaries along with arrears. The payment of increased salary under the 12 bipartite settlement is only expected in the year 2025.

While it is very difficult to know the exact structure of salary under the 12 bipartite settlement, we have tried to calculate the expected salary under the 12 BPS based on previous bipartite settlements. The expected salary as per the table below shall be updated in the future as and when we get updates about the discussions on the 12th Bipartite Settlement and other contributing factors like Dearness allowance etc.





Subordinate Staff
Existing Basic Pay Existing Other Allowances Existing Salary Expected Basic pay Expected Other Allowances Expected Salary Expected Increase in Salary
14500 10239 24739 19773 7965 27739 3000
15000 10565 25565 20455 8219 28674 3110
15500 10890 26390 21137 8473 29610 3220
16000 11216 27216 21819 8727 30546 3330
16500 11541 28041 22500 8981 31482 3441
17115 11942 29057 23339 9294 32633 3576
17730 12342 30072 24178 9606 33784 3712
18345 12742 31087 25016 9919 34935 3848
18960 13143 32103 25855 10231 36086 3983
19575 13543 33118 26694 10543 37237 4119
20315 14025 34340 27703 10919 38622 4282
21055 14507 35562 28712 11295 40007 4445
21795 14989 36784 29721 11671 41392 4608
22535 15470 38005 30730 12047 42777 4772
23405 16037 39442 31916 12489 44405 4963
24275 16603 40878 33103 12931 46034 5155
25145 17170 42315 34289 13373 47662 5347
26145 17821 43966 35653 13881 49534 5568
27145 18472 45617 37017 14389 51405 5788
28145 19123 47268 38380 14897 53277 6009
29145 19774 48919 39744 15405 55148 6229
30145 20425 50570 41108 15913 57020 6450
31145 21076 52221 42471 16421 58892 6670
32145 21727 53872 43835 16928 60763 6891
33145 22378 55523 45199 17436 62635 7111
34145 23030 57175 46562 17944 64507 7332
35145 23681 58826 47926 18452 66378 7553
36145 24332 60477 49289 18960 68250 7773
37145 24983 62128 50653 19468 70121 7994
Clerical Staff
Existing Basic Pay Existing Other Allowances Existing Salary Expected Basic pay Expected Other Allowances Expected Salary Expected Increase in Salary
17900 12453 30353 24410 9693 34102 3749
18900 13104 32004 25773 10201 35974 3970
19900 13755 33655 27137 10708 37845 4190
20900 14406 35306 28500 11216 39717 4411
22130 15207 37337 30178 11841 42019 4682
23360 16008 39368 31855 12466 44321 4954
24590 16808 41398 33532 13091 46623 5225
26080 17779 43859 35564 13848 49412 5553
27570 18749 46319 37596 14605 52201 5882
29060 19719 48779 39628 15361 54989 6211
30550 20689 51239 41660 16118 57778 6539
32280 21815 54095 44019 16997 61016 6921
34010 22942 56952 46378 17876 64254 7302
35740 24068 59808 48737 18755 67492 7684
37470 25194 62664 51096 19633 70730 8065
39200 26321 65521 53455 20512 73968 8447
40930 27447 68377 55815 21391 77206 8828
42660 28574 71234 58174 22270 80443 9210
45930 30703 76633 62633 23931 86564 9931
47920 31998 79918 65347 24942 90288 10370
49910 33294 83204 68060 25952 94013 10809
51900 34590 86490 70774 26963 97737 11248
53890 35885 89775 73488 27974 101462 11687
55880 37181 93061 76201 28985 105186 12125
57870 38477 96347 78915 29996 108911 12564
59860 39772 99632 81629 31007 112635 13003
61850 41068 102918 84342 32018 116360 13442
63840 42364 106204 87056 33028 120084 13881
65830 43659 109489 89770 34039 123809 14320
Officers
Existing Basic Pay Existing Other Allowances Existing Salary Expected Basic pay Expected Other Allowances Expected Salary Expected Increase in Salary
36000 23767 59767 49092 17991 67083 7316
37490 24689 62179 51124 18682 69806 7627
38980 25611 64591 53155 19373 72528 7938
40470 26532 67002 55187 20064 75251 8249
41960 27454 69414 57219 20755 77974 8560
43450 28376 71826 59251 21445 80696 8871
44940 29297 74237 61283 22136 83419 9182
46430 30219 76649 63315 22827 86142 9493
48170 31296 79466 65688 23634 89321 9856
49910 32372 82282 68060 24440 92501 10219
51900 33603 85503 70774 25363 96137 10634
53890 34834 88724 73488 26286 99773 11050
55880 36065 91945 76201 27208 103410 11465
57870 37296 95166 78915 28131 107046 11880
59860 38527 98387 81629 29054 110682 12296
61850 39758 101608 84342 29976 114319 12711
63840 40989 104829 87056 30899 117955 13126
65830 42220 108050 89770 31822 121591 13542
67820 43451 111271 92483 32744 125228 13957
69810 44682 114492 95197 33667 128864 14372
71800 45913 117713 97911 34590 132500 14788
73790 47144 120934 100624 35512 136137 15203
76010 48517 124527 103652 36542 140193 15666
78230 49890 128120 106679 37571 144250 16130
80450 54046 134496 109706 40794 150501 16200
82670 55496 138166 112734 41884 154618 16452
84890 56946 141836 115761 42974 158735 16899
87390 58579 145969 119170 44201 163372 17402
89890 60212 150102 122579 45429 168008 17906
92390 61845 154235 125989 46656 172644 18409
94890 63478 158368 129398 47883 177281 18913
97620 65261 162881 133120 49223 182344 19463
100350 67044 167394 136843 50564 187407 20012
104240 70972 175212 142148 55316 197464 22252
107210 72952 180162 146198 56855 203053 22892
110180 74931 185111 150248 58394 208642 23531
113150 76910 190060 154298 59933 214231 24171
116120 78890 195010 158348 61472 219821 24811
119340 81036 200376 162739 63141 225880 25504
122560 83182 205742 167130 64809 231940 26198
125780 85328 211108 171521 66478 237999 26891
129000 87474 216474 175912 68147 244059 27585

 


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Assumptions

The DA slabs payable for the period from May 2022 to July 2022 along with a load factor of 2.50% are used to arrive at new basic pay.

The dearness allowance payable is assumed at 0.05% per slab from November 2022 over and above the merged slabs.

The average increase of pay slip components is assumed in the range of 10% to 15% by way of an increase in the special pay component.


Disclaimer: The expected salary under 12BPS as calculated above are estimates based on assumptions. The calculation further takes into account the uniform pay components i.e. Basic Pay, Special Pay, HRA, Location allowance & Learning Allowance only. Further, the actual salary under 12BPS shall be governed by official notification in this respect after the conclusion of the discussion between the Union Forum of Bank Unions(UFBU) and the Indian Bank’s Association (IBA).

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Sources

https://www.iba.org.in/hr-ir/joint-notes.html

https://www.iba.org.in/iba/home/HomeAction.do?doNewslist=yes&sectionIdIndex=5&subSectionIdIndex=0&subSectionIdIndex1=0



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