In the recent concluded 12th BPS settlement between IBA and Bankers Union, it is decided to have 3.00% load factor on basic pay. The overall hike will be 17%.
Load factor is the actual hike in the basic pay other than merger of Dearness allowances. The proposed merger of DA is considered as 44.24%. The load factor is calculated on Merged Basic Pay with 3.00% load.
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Wow....
ReplyDeleteWhat about holiday on all Saturday...any updates..
ReplyDeleteWe will update you soon...
DeleteIt's good news for all bank employees but there should be some good news for Bank pensioners also..
ReplyDelete