12th Bipartite Wage Settlement featuring a 15% Hike! | Salary Calculator

The 12th Bipartite wage settlement is a crucial event for bank employees, as it determines their salaries and other wage components. The discussions between the United Forum of Bank Unions (UFBU) and the Indian Banks' Association (IBA) are currently underway, and the unions are demanding a more hike in salaries. While the IBA has offered a 15% hike.

12th BPS Salary Calculator

The 12th BPS salary calculator is a tool that can be used to estimate the expected salary increase for bank employees. The calculator is based on the assumption that the IBA will offer a 15% hike in salaries. However, it is important to note that this is just an estimate, and the actual salary increase may be different.

How to Use the Calculator

To use the calculator, simply enter your current salary and the pay scale you are currently in. The calculator will then display your estimated salary after the 15% hike.

Current Status of Negotiations

The negotiations between the UFBU and the IBA are currently in progress. The unions are demanding a more hike in salaries, while the IBA has offered a 15% hike. It is unclear when the negotiations will be finalized. However, both sides are hopeful that a settlement can be reached soon.

Salary Calculator

Enter your Current Basic:

Expected Basic Pay with 36.82% Merging of Dearness Allowance (DA):

Special Allowance 7.75% of basic Pay merged with Existing Basic Pay:

Expected Basic Pay after merging of DA:

Hike Currently Offered by IBA (in percentage, e.g., 15%):

Expected Basic Pay with Proposed Hike:

The salary calculator is based on assumption as compare to 11th BPS. The comments are welcome for improvement.