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Banking News

7th CPC Salary Calculator

7th CPC Salary Calculator - Calculate expected salary for Central Government Employees as well as pensioners. This is the calculator designed to calculate the expected new salary to employees of the central government based on the recommendation of the 7th CPC pay commission. It is heard that the concept of the Grade Pay system will be abolished from the 7th Pay commission with new theory of 2.86 component with CCA. The expected salary as per the grade of the different...

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Wage Revision

Download Bank Wage Revision Arrear Calculator in Excel

Download Bank Wage Revision Arrear Calculator in Excel - 10th Bipartite settlement is finally completed with declaration of revised salary for bank employees. The Salary at the various level of officers and clerks are revised with introduction of new special pay system in banking sector. The calculation has become very complicated as the data needed to be updated since 01-11-2012 if the arrears needed to be calculated. Excel Utility has been created for Wage Revision Calculation for Bankers. This Excel...

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Wage Revision

10th Bipartite Wage Revision Arrear Calculator Officers

10th Bipartite Wage Revision Arrear Calculator Officers - The 10th Bipartite Salary Revision for Bankers is almost done with Pay scale and other structure. The new system of Grade pay is introduced first time in banking sector as per the Grade Pay system of Central Government Employees. The New Pay structure of the Officers as per the 10th Bipartite is from 23700 to 85000. The DA slab is reduced to 0.10% now as compare to 0.15 previously. Officers employees may...

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Wage Revision

10th Bipartite Salary Arrears Calculator – Clerks

10th Bipartite Salary Calculator - Clerks  - Finally after three years of struggle bankers received the confirmation of their confirmed salary hike. The workman union has finally made IBA to agree on the Pay scale and other perks as per the term of IBA settlement agreement for 10th Bipartite Settlement. As per the new settlement for Wage Revision under 10th Bipartite the New Pay scale for the Clerks in Bank would be : Pay Scales: from 1-11-2012 Clerk:   11765 –...

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Wage Revision

10th Bipartite Introduction of Grade Pay System

10th Bipartite Introduction of Grade Pay System for Bank's employees. In the 10th Bipartite Settlement between IBA and Bank's Employees Union signed on 23rd Feb, Introduction of Grade Pay system was discussed. After two months of signing the agreement there is no formal knowing of Grade Pay system, it's structures etc. Although there is no formal talk on this but we assume that the Grade Pay will be fixed in nature added to salary without Dearness Allowance. This will be...

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Banking News

Economic Survey Highlights

Economic Survey Highlights  - Finance ministry's chief economic adviser Arvind Subramanian has presented the Economic Survey forecast for 2015-16 which pegs the growth at 8%. India’s economic survey has forecast the growth at more than 8 per cent for the next fiscal. It is also said that Inflation has fallen 6% Point since 2013. Economic Survey Report also state that Foodgrain production for year 2014-15 is estimated at 257.07 million tonnes compare to last years by 8.5 million tonnes. [button color="blue" size="big"...

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Banking News

Saturday Arrears Paid To Bankers Since November 2012

10th Bipartite Settlement -  Indian Banks Association (IBA) agreed for a 15% rise in wages. Banks will also henceforth remain closed on alternate Saturdays. There was immense confusion among Bank Officers and Clerks whether Saturday off would be implemented from Nov 2012 or since 23-02-2015. IBA has also agreed for a two Saturday holiday with retrospective effect from November 2012. The arrears for the Saturdays worked will also paid with retrospective effect from November 2012. Union Says "Saturday remaining closed is...

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Banking News

10th Bipartite Settlement Calculator For Clerks

10th Bipartite Settlement Calculator For Clerks - 10th Bipartite settlement is finally over and now time to know the revised salary. The calculation of the Revised salary is little complicated as the salary has been revised since 01st Nov 2012 with arrears needed to be paid after deduction of Income Tax and other levies. Here I have created a simple arrears calculator for easily calculate the Revised Salary of the Clerk Employees with Public Sector Banks and Arrears expected to...

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