Revised Salary of Bank Sub-staff for November 2020

On Wednesday (11th November 2020), the representatives of UFBU (workmen) and representatives of IBA have signed the 11th Bipartite settlement. They finalized the various pay-slip components in their negotiation with Indian Banks Association which are as under.

The revised Basic salary for workmen is arrived by the merger of DA at 47.80% at the rate of 0.07% per slab ( i.e.Price Index 6352 points merged with basic) + Load of 2.5% on basic :Effect: 1.515 times increase in Basic of the previous settlement. In the revised salary, the Special Allowance rate is 16.4% of the basic and Transport allowance Of Rs.600. DA payable on special allowance and transport allowance. .

To know about the improvements in Special Pay for Armed Guard, Bill Collector, Daftry, Head Peon, Electrician, AC Plant Operator, Driver, Head Messenger and other allowances and reimbursement click Special Pay

The chart of revised salary of bank sub-staff for the months of November 2020 to January 2021 is as under;

Chart
	old	New	New	Transport)	Total	DA on ABC	HRA	Gross	FPP ( No Qtrs)	FPP with	Gross+E	Gross +F
Stage	Basic	Basic (A)	Spl All (B)	(B)	A+B+C	23.80%	10.25%	(D)	Qtrs( E)	Qtrs (F)
1	9560	14500	2378	600.00	17478.00	4159.76	1486.25	23124.01	1140	1025.00	24264.01	24149.01
2	9885	15000	2460	600.00	18060.00	4298.28	1537.50	23895.78	1140	1025.00	25035.78	24920.78
3	10210	15500	2542	600.00	18642.00	4436.80	1588.75	24667.55	1140	1025.00	25807.55	25692.55
4	10535	16000	2624	600.00	19224.00	4575.31	1640.00	25439.31	1140	1025.00	26579.31	26464.31
5	10860	16500	2706	600.00	19806.00	4713.83	1691.25	26211.08	1140	1025.00	27351.08	27236.08
6	11270	17115	2807	600.00	20521.86	4884.20	1754.29	27160.35	1140	1025.00	28300.35	28185.35
7	11680	17730	2908	600.00	21237.72	5054.58	1817.33	28109.62	1140	1025.00	29249.62	29134.62
8	12090	18345	3009	600.00	21953.58	5224.95	1880.36	29058.89	1140	1025.00	30198.89	30083.89
9	12500	18960	3109	600.00	22669.44	5395.33	1943.40	30008.17	1140	1025.00	31148.17	31033.17
10	12910	19575	3210	600.00	23385.30	5565.70	2006.44	30957.44	1140	1025.00	32097.44	31982.44
11	13400	20315	3332	600.00	24246.66	5770.71	2082.29	32099.65	1140	1025.00	33239.65	33124.65
12	13890	21055	3453	600.00	25108.02	5975.71	2158.14	33241.87	1140	1025.00	34381.87	34266.87
13	14380	21795	3574	600.00	25969.38	6180.71	2233.99	34384.08	1140	1025.00	35524.08	35409.08
14	14870	22535	3696	600.00	26830.74	6385.72	2309.84	35526.29	1140	1025.00	36666.29	36551.29
15	15440	23405	3838	600.00	27843.42	6626.73	2399.01	36869.17	1140	1025.00	38009.17	37894.17
16	16010	24275	3981	600.00	28856.10	6867.75	2488.19	38212.04	1140	1025.00	39352.04	39237.04
17	16580	25145	4124	600.00	29868.78	7108.77	2577.36	39554.91	1140	1025.00	40694.91	40579.91
18	17235	26145	4288	600.00	31032.78	7385.80	2679.86	41098.44	1140	1025.00	42238.44	42123.44
19	17890	27145	4452	600.00	32196.78	7662.83	2782.36	42641.98	1140	1025.00	43781.98	43666.98
20	18545	28145	4616	600.00	33360.78	7939.87	2884.86	44185.51	1140	1025.00	45325.51	45210.51
Stage 1	19200	29145	4780	600.00	34524.78	8216.90	2987.36	45729.04	1140	1025.00	46869.04	46754.04
Stage 2	19855	30145	4944	600.00	35688.78	8493.93	3089.86	47272.57	1140	1025.00	48412.57	48297.57
Stage 3	20510	31145	5108	600.00	36852.78	8770.96	3192.36	48816.10	1140	1025.00	49956.10	49841.10
Stage 4	21165	32145	5272	600.00	38016.78	9047.99	3294.86	50359.64	1140	1025.00	51499.64	51384.64
stage 5	21820	33145	5436	600.00	39180.78	9325.03	3397.36	51903.17	1140	1025.00	53043.17	52928.17
stage 6	22475	34145	5600	600.00	40344.78	9602.06	3499.86	53446.70	1140	1025.00	54586.70	54471.70
stage 7	23130	35145	5764	600.00	41508.78	9879.09	3602.36	54990.23	1140	1025.00	56130.23	56015.23
Stage 8	23785	36145	5928	600.00	42672.78	10156.12	3704.86	56533.76	1140	1025.00	57673.76	57558.76
stage 9		37145	6092	600.00	43836.78	10433.15	3807.36	58077.30	1140	1025.00	59217.30	59102.30