Bank Salary Structure for Workmen and Officer Pay Scale

Here is the new Bank pay scale with revised salary structure for Bank employee in India as per the 11th Bipartite Settlement, Check bank salary for freshers, and new IBA pay scale for Officer (PO & Manager), Find the new pay matrix in each scale revised for Private and PSB employees as per the new pay revision…

An employee of Bank is said to be in a Prestigious profession, due to their Nature of Job. They are intended to with hold the account so every citizen who has opened their respective account their Bank.

7th Pay Commission of India has got reforms in bank salary structure for employees which are intended for implementation.

Bank Pay Scale

The salary of bank employee is all same including the benefits but different only from Urban to Rural areas, and the calculation of working days, non- working days, Holiday allowance will all together can be seen in Pay Scale.

Here are complete details about IBA pay scale which is present in different levels, and the salary of an employee is divided into different category based on their workload and locality, and here is a list of parts which can be seen in Bank Pay Scale.

The following are the newly revised wage revision (pay scales) for bank employees effective from 01.11.2017, Let’s check the new basic pay scale chart (tentative) applicable for officer of different scales and workmen in Public Sector Bank and Private banks as per 11th bipartite settlement from 2017 named as IBA pay scale.

Bank Pay Scale

The following mentioned Bank pay scale allotted or as per the new pay revision, and here is the clerical salary and Subordinate staff new IBA pay scale with two pay fixation methods.

Pay Fixation Pay Scale
Clerical Clerical for 20 Years
Pay Fixation 1 17900 – 1000(3) – 20900
20900 – 1230(3) – 24590
24590 – 1490(4) – 30550
30550 – 1730(7)
Pay Fixation 2 42660 – 3270(1) – 45930
45930 – 1990(1) – 47920
Subordinate Staff Subordinate Staff for 20 Years
Pay Fixation 1 14500 – 500(4) – 16500
16500 – 615(5) – 19575
19575 -740(4) – 22535
22535 – 870(3)
Pay Fixation 2 25145 – 1000(3) – 28145

Bank Officer Pay Scale

The bank salary structure for officer pay scale is identified and mentioned in below table for different levels of bank scale 1, 2, 3, 4, 5, 6 and 7 as per IBA and Govt recommendations

Pay Fixation Salary Scales
Scale136000 – 1490(7) – 46430
46430 – 1740(2) – 49910
49910 – 1990(7) – 63840
Scale 248170 – 1740(1) – 49910
49910 – 1990(10) – 69810
Scale 3 63840 – 1990(5) – 73790
73790 – 2220(2) – 78230
Scale 476010 – 2220(4) – 84890
84890 – 2500(2) – 89890
Scale589890 – 2500(2) – 94890
94890 – 2730(2) – 100350
Scale6 104240 – 2970(4) – 116120
Scale7 116120 – 3220(4) – 129000

The above menitoned bank employee salary pay scales are mentioned as per 11th Bipartite Settlement effective from 01.011.2017

As per the 10th Bipartite Settlement, the following banks are implemented the IBA pay scale to their employees with effect from 01.11.2012 as per the amendments agreed for Workmen and Officer as stated below for PSB and Private Banks

IBA Pay Scale for PSB’s under 11th Bipartite Settlement

  • Bank of Baroda (Vijaya Bank & Dena Bank from 01.04.2019)
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank (Syndicate Bank from 01.04.2020)
  • Central Bank of India
  • Indian Bank (Allahabad Bank from 01.04.2020)
  • Indian Overseas Bank
  • Punjab & Sind Bank
  • Punjab National Bank (Oriental Bank of Commerce & United Bank of India from 01.04.2020)
  • UCO Bank
  • Union Bank of India (Andhra Bank & Corporation Bank from 01.04.2020)
  • State Bank of India (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore)

Private Banks under 11th Bipartite Settlement

  • IDBI Bank
  • The Catholic Syrian Bank Ltd
  • The Dhanalaxmi bank Ltd
  • The Federal bank Ltd
  • Kotak Mahinda Bank
  • Jammu Kashmir Bank
  • Karnataka Bank Ltd
  • Karur Vysya Bank Ltd
  • Lakshmi Vilas Bank Ltd
  • Nainital Bank Ltd
  • Ratnakar Bank Ltd
  • South Indian Bank Ltd
  • Bank of America
  • The Bank of Tokyo Mitubhishi UFJ Ltd
  • BNP Paribas
  • Citibank NA
  • The Hongkong & Shanghai Banking Corporation Ltd
  • Sonali Bank
  • Standard Chartered Bank

A salary slip of bank employee will be hold different sections that include the earning section, Benefits section and deduction section, and based on all these three categories the Total Net Salary will be calculated and deposited into bank employee account as per their pay scales fixed, where the salary deposited will be Tax free and employee need not to worry about any Taxation on the amount credited.

Bank Employee Salary

  • Dearness Allowance: DA for Bankers is calculated based on the Consumer Price Index which is changed every quarter. Approximately 46% of the Basic salary will be minimum DA.
  • City Compensatory Allowance: Based on your area of work this Allowance will be decided by the bank.
  • Leased House Rent Allowance: Based on your locality the HRA will be differed and added to the salary
  • Travel Allowance: If you are eligible for TA, then based on your Grade of work this will be initiated
  • Furniture Allowance: SBI PO will be eligible for 1.2 Lakhs of Furniture allowance during initial setup.

Salary Benefits

Here you will find the benefits that will be added to SBI employee pay scale for month by their grade of work. This list of benefits will be surely added to every employee, but amount does vary with experience and time of work.

  • Medical Insurance for Employee and Family
  • Newspaper allowance
  • Books allowance
  • Magazines Allowance
  • House Maintained Allowance
  • Telephone Bill reimbursement

Concessionary Interest rates on Personal Loan, Home Loan, Car Loan and Other Loans

Deduction in Salary

Salary of an employee is credited into once account by deducing all the below said points. This makes the credited salary to be fully interest free and eligible for personal use.

  • Tax Deduction: Applied tax on total salary will be deduced and mentioned in Deduction column
  • Medical Claim Allowance will be deducted yearly once as plan selected
  • EMI for any personal loan, car loan or house loan taken from SBI

Bank Pay Scale in India for Workmen from 01.11.2012

Clerical Staff

Pay Fixation 1 11765 – 655/3 – 13730 – 815/3 – 16175 – 980/4 – 20095 – 1145/7
Pay Fixation 2 28110 – 2120/1 – 30230 – 1310/1 – 31540 – 20 Years

Subordinate Staff

Pay Fixation 1 9560 – 325/4 – 10860 – 410/5 – 12910 – 490/4 – 14870 – 570/3
Pay Fixation 2 16580 – 655/3 – 18545 – (20 Years)

Bank Officer Pay Scales in India from 01.11.2012

Scale 1 23700 980/7 30560 1145/2 32850 1310/7 42020
Scale 2 31705 1145/1 32850 1310/10 45950
Scale 3 42020 1310/5 48570 1460/2 51490
Scale 4 50030 1460/4 55870 1650/2 59170
Scale 5 59170 1650/2 62470 1800/2 66070
Scale 6 68680 1960/4 76520
Scale 7 76520 2120/4 85000

The above are the Bank pay scale with old bank salary structure revised with effect from 1st November 2012 and applicable for Public Sector Banks under Central Government of India and some Private Banks who accepted the 10th Bipartite Settlement.

5 thoughts on “Bank Salary Structure for Workmen and Officer Pay Scale”

  1. Dt. of joining 19.07.84
    Dt. of birth 25.05.58
    Dt. of retirement 31.05.2018
    Hons Graduate
    CAIIB
    Last Basic as per 10th bipartite Rs.54410/= after reaching maximum scale in 2009 as Scale III Officer

    What will be the Basic pay in new scale of 11th bipartite and payable stagnation increment and total payable Gratuity ?

    What will be

  2. As clerical
    Qualifications Graduate
    Birthdate 16.02.1959
    Dt of joining 11.5.1984
    Dt of retirement 28.2.2019
    Last Basic 39400
    What will be the new basic?

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