11th BPS Expected Salary Calculator | 11th BPS Arrears Calculator for Bank Officers Workmen

11th BPS Expected Salary Calculator | 11th BPS Arrears Calculator for Bank Officers Workmen

SALARY AND ALLOWANCES

The remuneration package of the Bank officers needs to be framed in such a manner that officers would feel that they are valued and fairly paid considering their workload and undertaking of enormous risks and responsibilities.

Also Read: Congratulations to All Bank Employees / Officers-Long Awaited 11th Bi-Partite Settlement / 8th Joint Note Signed on 11-11-2020

Revision in Dearness Allowance for the quarter Aug’20 to Oct’20

Dearness Relief for RBI Pensioners 1.60% increase from August 2020 to January 2021

They should be treated at par with Government officials and PSU officers. As stated in the 7 Pay Commission Report the status of an officer in the society should also be taken into account while fixing the salary.

Remuneration of officers is an important element of proactive functioning in Banks in this era of competitive scrimmage and their commitment, dedication, and hard labour towards the progress of the economy of the country.

Also Read: Bank Wage Revision 22-07-2020 – 15% Salary Hike for Bank Employees

In general, the level and structure of salary/remuneration / compensation should aim to achieve four objectives as under:

(i) Salary Structure should be sufficient to attract and retain quality officers.

(ii) Salary Structure should motivate officers to work hard.

(iii) Remuneration should induce other human resource management reforms.

(iv) Salary should be set at a level to ensure relativity with a minimum salary in Banks and officers’ initial pay in line with the compression ratio, as shown below, of Central Government Group A officers’ initial pay and their minimum pay of Group D employees.

(v) Salary should take into account the Risk, Responsibility, Accountability and also the Transferability of Officers.

(vi) The Bank Officers have a status similar to the Govt Officials and to maintain that status the salary should be adequate, by offering additional cushion.

(vii) As promotions depend only on vacancies which depend on the presence and business of the individual bank’s nobody should be allowed to stagnate and running scale should be introduced.

(viii) The anguish, agony and the aspirations of lady officers should be taken into account

(ix) Superannuation benefits should help one to live a respectable life after retirement

(x) The hard work and contribution of the bankers for the development of the economy should be acknowledged through decent salary hike and allowances.

Table: 1

Central Government Offices Holidays 2022 | Central Govt Holiday List 2022 PDF

KV Online Fee Payment 2022-23 | KV UBI Fee login

The compression ratio of minimum Basic Pay of Group D employees and Group A officers under different Pay Commissions of Central Government

A*=Central Pay Commission, B*=Minimum Basic Pay (Group D) Rs. , C*=Minimum Basic Pay of Officer Grade (Group A) Rs. D*=Compression Ratio

A*	B*	C*	D*
III CPC (1973 to 1985)	196	700	1: 3.57
IV CPC (1986 to 1995)	750	2200	1: 2.93
V CPC (1996 to 2005)	2550	8000	1: 3.13
VI CPC(2006 to 2015)	7000 (Band Pay 5200 + Grade Pay 1800)	21000 (Band Pay 15600 + Grade Pay 5400)	1: 3
VII CPC(2016 onwards)	18000	56100	1: 3.11

Table: 2

A*=Bi-partite Settlements, B*=Minimum Basic Pay (Sub-Staff) Rs. C*=Minimum Basic Pay of Officer Grade Rs., D*=Compression Ratio

A*	B*	C*	D*
2nd Bipartite (01.01.1970)	116	500 (01.01.1970)	1: 4.31
3rd Bipartite (01.09.1978)	245	700 (01.10.1979)	1: 2.85
4th Bipartite (01.07.1983)	430	1175 (01.02.1984)	1: 2.73
5th Bipartite (01.11.1987)	815	2100 (01.11.1987)	1: 2.57
6th Bipartite (01.11.1992)	1600	4250 (01.11.1992)	1: 2.65
7th Bipartite (01.11.1997)	2570	7100 (01.11.1997)	1: 2.76
8th Bipartite (01.11.2002)	4060	10000 (01.11.2002)	1: 2.46
9th Bipartite (01.11.2007)	5500	14500 (01.11.2007)	1: 2.63
9th Bipartite (01.05.2010)	5850	14500	1: 2.47
10th Bipartite (01.11.2012)	9560	23700 (01.11.2012)	1: 2.47

The compression ratio of minimum Basic Pay of Sub-Staff and Officer Grade under different bipartite Settlements in Banks