In this article, we will explore the anticipated salary adjustments for bankers under the “12th Bipartite Settlement,” providing comprehensive details about the expected salary changes.
Introduction to the 12th Bipartite Settlement
Bankers are eagerly awaiting the 12th Bipartite Settlement, a significant event scheduled for November 1, 2022. This marks the crucial moment when discussions between two key parties—the United Forum of Bank Unions (UFBU) and the Indian Banks’ Association (IBA)—determine the salary and different salary elements for employees in public sector banks and specific private sector banks.
Duration of Bipartite Settlement Talks
Typically spanning 2 to 3 years, these discussions lead to increased salaries and the payment of arrears to bankers. Before delving into the details, it’s beneficial to understand the history of Bipartite Settlements in banking.
Implementation Timeline for 12th Bipartite Settlement
While anticipation runs high, it’s important to manage expectations as the actual implementation of increased salaries resulting from the 12th Bipartite Settlement is projected for the year 2025.
Estimating future salaries poses a challenge, but based on insights from past settlements, we provide an initial projection of expected salaries below. Please note that these figures are speculative and subject to change pending further information on the progress of the 12th Bipartite Settlement discussions and other influencing factors like Dearness Allowance.
Expected Salary Table
Subordinate Staff Salary 12th Bipartite Settlement
| 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 Salary 12th Bipartite Settlement
| 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 Salary 12th Bipartite Settlement
| 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 |
Understanding DA Merger
An important aspect is the agreement to merge dearness allowance (DA) up to 8088 points of the price index with basic pay. The specific increment resulting from this merger is yet to be determined, but indications suggest a potential 15% increase, aligning with previous settlements.
Accelerated Negotiations for 12th Bipartite Settlement
The Government has instructed the Indian Banks’ Association (IBA) to promptly initiate negotiations for the 12th Bipartite settlement.
Benefits of Early Wage Revision
Early wage revision is anticipated to enhance working conditions and provide incentives to employees in the banking sector.
Past Agreement: 15% Pay Increase
In November 2020, the IBA reached an agreement with bank unions for a 15% increase in the pay slip for bank employees, covering the period from November 2017 to October 2022.
Introduction of Performance-Linked Pay
An important highlight in this agreement is the introduction of Performance-Linked Pay. This concept aims to foster competition and reward exceptional performance among employees, marking its debut in the banking sector as highlighted in an IBA press release.
Conclusion
While exact details of the 12th Bipartite Settlement remain uncertain, it signifies a pivotal moment for the banking sector. Anticipated salary revisions are on the horizon, but actual implementation is likely a few years away. Stay tuned for updates as we keep you informed about the progress of these discussions and any changes to expected salary estimates.