What is the 12th Bipartite Settlement Salary?

The 12th Bipartite Settlement Salary refers to the revised salary structure for public sector bank employees in India following the 12th Bipartite Settlement agreement. Here are the key points about the 12th Bipartite Settlement Salary:

• Effective Date: The new salary structure came into effect from November 1, 2022.
• Overall Increase: The settlement provides a 17% overall increase in pay and allowances for bank employees.
• Basic Pay Revision: The new basic pay scales range from Rs. 48,480 to Rs. 173,860, covering all scales I to VII.
• Calculation Method: The new basic pay is calculated by merging the existing basic pay with 30.38% of Dearness Allowance (DA) and adding a 3% load factor.
• Special Allowance: A special allowance is calculated as a percentage of the new basic pay, varying by employee type (e.g., 16.5% for officers, 15.5% for clerks).
• House Rent Allowance (HRA): HRA is calculated based on the city classification, ranging from 7.5% to 10% of the new basic pay.
• Other Benefits: The settlement includes various other allowances and benefits, such as transport allowance and learning allowance.
• Five-Day Work Week: The settlement recognizes all Saturdays as public holidays, pending government notification.
• Applicability: This salary revision applies to employees of public sector banks, including officers, clerks, and sub-staff.
• Duration: The settlement will remain in effect for five years, until October 31, 2027.

To calculate the exact salary under the 12th Bipartite Settlement, employees can use various online calculators or Excel tools that take into account their specific pay scale, employee type, and city classification. It’s important to note that while the overall increase is 17%, individual salary increases may vary based on these factors.

How to Use the 12th Bipartite Settlement Salary Calculator?

1. Enter Current Basic Pay: In the first input field, enter your current basic pay in Indian Rupees (₹). This is your base salary before the 12th Bipartite Settlement adjustments.

2. Select Employee Type: From the dropdown menu, choose your employee category:

• Officer: For managerial and executive positions
• Clerk: For clerical and administrative roles
• Sub-staff: For support staff positions

3. Choose City Classification: Select the appropriate option based on where you’re posted:

• Metro: For major metropolitan areas
• Urban: For cities and large towns
• Semi-urban: For smaller towns
• Rural: For village and countryside postings

4. Calculate: Click the “Calculate Salary” button. The tool will process your inputs and display the results.

5. Review Results:

The calculator will show:

• New Basic Pay: Your revised basic salary after merging the Dearness Allowance (DA) component and applying the 3% load factor.
• Special Allowance: An additional component calculated as a percentage of your new basic pay, varying by employee type.
• House Rent Allowance (HRA): Calculated based on your city classification.
• Total Salary: The sum of all components, representing your new gross salary.

This calculator is an invaluable tool for bank employees to quickly and accurately estimate their revised salaries under the 12th Bipartite Settlement. It eliminates the need for complex manual calculations and provides transparency in understanding how the new salary structure applies to individual cases.

By using this tool, employees can better plan their finances and understand the impact of the new settlement on their compensation.