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What will be the salary of Bank PO after 11th bipartite settlement?
However, bank follows bipartite settlement for revising the IBPS PO Salary. The updated IBPS PO 2021, salary has been decided on the basis of the 11th Bipartite Agreement in November 2020. The basic pay has been revised to Rs. 36,000 and the revised IBPS PO Salary has been made effective from November 2017.
What is the salary of Bank PO in 2021?
IBPS PO Salary Structure 2021
| Type of Pay | Amount |
|---|---|
| Basic Pay | Rs 36,000/- ( Increment in 4 stages) |
| Special Allowances | Rs. 5,904 (7.75\% of the basic pay) |
| Dearness Allowances | Rs. 8,593.20 (23.87\% of the Basic Pay (Varies based on inflation rates) |
| City Compensatory Allowances | Rs. 1,400 (3\% or 4\%(depending on the place of posting) |
What is the salary of SBI PO after 11th settlement?
The basic salary of SBI PO mentioned in the Official Notification is Rs. 36000. But the SBI (PO) Probationary Officer gets 4 advance increments of Rs 1490 which will be added to the basic. Now the basic that we get in total is Rs. 41960 after the 11th bipartite settlement. Notes:-This calculation is on 23.8\% DA which Changes every three months.
What is the revised salary for 11th bipartite?
The revised calculation of 11th Bipartite includes all the existing salary data with approximate merging of Dearness Allowance (DA) as on 31st October 2017 with IBA offer of 6\% as load factor. The DA as on 31-10-2017 on the exiting basic pay will be at 47.80\%. The whole D.A. at 47.80\% will be merged with the existing basic pay.
What is the salary of a probationary officer after 11th BPS?
After 11th BPS minimum hike in gross salary will be 15–18\%. So after wage revision, Salary of newly recruited probationary officer will be somewhere between 55k to 57k. At present gross salary of newly recruited bank clerk is around 27k. At present gross salary of a newly recruitment probationary officer is around 48k.
What is the salary of newly recruited bank clerk after wage revision?
At present gross salary of newly recruited bank clerk is around 27k. You can calculate rest of the components at your own as per above explanation. So after wage revision, Salary of newly recruited bank clerk will be somewhere around 31k-32k. As per news, 11th BPS will be applicable from November 2020.