Bank Salary Structure for Workmen and Officer Pay Scale as per 12 BPS and 9th Joint Note

Here is the new Bank pay scale with revised salary structure for Bank employee in India as per the 12th Bipartite Settlement for workmen, Check bank salary for freshers, and new IBA pay scale for Officer (PO & Manager) as per 9th Joint Note, 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 01.11.2022, 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 12th bipartite settlement for Assistant and below cadre and and 9th Joint note for officers from 2022 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	2022 Pay Scale	2017 Pay Scale
Clerical	20 Years	20 Years
Pay Fixation 1	24050 – 1340 (3) – 28070	17900 – 1000(3) – 20900
	28070 – 1650(3) – 33020	20900 – 1230(3) – 24590
	33020 – 2000 (4) – 41020	24590 – 1490(4) – 30550
	41020 – 2340 (7) – 57400	30550 – 1730(7)
Pay Fixation 2	57400 – 4400(1) – 61800	42660 – 3270(1) – 45930
	61800 – 2680 (1) – 64480	45930 – 1990(1) – 47920
Subordinate Staff	20 Years	20 Years
Pay Fixation 1	19500 – 655(4) – 22160	14500 – 500(4) – 16500
	22160 – 830(5) – 26310	16500 – 615(5) – 19575
	26310 – 990 (4) – 30270	19575 -740(4) – 22535
	30270 – 1170 (3) – 33780	22535 – 870(3)
Pay Fixation 2	33780 – 1345 (3) – 37815	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	New Scale from 2022	Salary Scales from 2017
Scale1	48480 – 2000(7) – 62480	36000 – 1490(7) – 46430
	62480 – 2340(2) – 67160	46430 – 1740(2) – 49910
	67160 – 2680 (7) – 85920	49910 – 1990(7) – 63840
Scale 2	64820 – 2340 (1) – 67160	48170 – 1740(1) – 49910
	67160 – 2680 (10) – 93960	49910 – 1990(10) – 69810
Scale 3	85920 – 2680 (5) -99320	63840 – 1990(5) – 73790
	99320 – 2980 (2) – 105280	73790 – 2220(2) – 78230
Scale 4	102300 – 2980 (4) – 114220	76010 – 2220(4) – 84890
	114220 – 3360 (2) -120940	84890 – 2500(2) – 89890
Scale5	120940 – 3360(2) -127660	89890 – 2500(2) – 94890
	127660 – 3680 (2) – 135020	94890 – 2730(2) – 100350
Scale6	140500 – 4000 (4) – 156500	104240 – 2970(4) – 116120
Scale7	156500 – 4340 (4) – 173860	116120 – 3220(4) – 129000

The above menitoned bank employee salary pay scales are mentioned as per 12th Bipartite Settlement effective from 01.11.2022

As per the 10th Bipartite Settlement, the following banks are implemented the IBA pay scale to their employees with effect from 01.11.2022 as per the amendments agreed for Workmen and Officer as stated below for PSB and Private Banks

IBA Pay Scale for PSB’s under 12th 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 12th Bipartite Settlement

• IDBI Bank
• The Dhanalaxmi bank Ltd
• The Federal bank Ltd (Upto Scale 3)
• Kotak Mahinda Bank (Upto Scale 3)
• Jammu Kashmir Bank
• Karnataka Bank Ltd (Upto Scale 3)
• Karur Vysya Bank Ltd
• Nainital Bank Ltd
• Ratnakar Bank Ltd (RBL)
• South Indian Bank Ltd (Upto Scale 4)
• Citibank NA for Clerical
• The Hongkong & Shanghai Banking Corporation Ltd for Clerical
• Standard Chartered Bank for clerical

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.