What is a difference between Central Pay Commission (CPC) Vs Bipartite Wage Settlement (BPS)?








CPC Salary Structure
Bipartite Settlement Salary Structure
1
Automatic Revision as per implementation of Central Pay Commission, no settlement required
Settlement required between Indian Banks Association and Bank Employees unions
2
Automatic revised on 10 years and always on time and some times max delay one year
Settlement on 5 years but always two to three years delay
3
Minimum increase in settlement 40 % and in 6th Pay Commission 60 %
Average 10 % and in 2009 9th BPS 17.5 % but due to pension cost adjustment actual pay slip increase 11 %.
4
Merger of Dearness Allowance in basic salary 100 %
Never more than 60 %
5
HRA(House Rent Allowance) city wise, at Delhi : 30 %
HRA city wise , at Delhi : 8.5 %
6
Average Basic Pay increased in 6th CPC 2.6 times
Average basic pay increased in 9th bipartite ( Clerk 4410 to 7200, Officer  to 14500) 0.62 times
7
Minimum Gross Salary as per 6th CPC (at New Delhi/Metro) Oct 2014:
Peon/Sub-staff Rs. 19,526        ,
Clerk : Rs. 36,385      
Officer : Rs.58,894
Minimum Gross Salary as per 9th BPS (at New Delhi/Metro) Oct 2014 : Peon/Sub-staff Rs.13,476 (45% less)
Clerk : Rs. 16,683 (54% less)     
Officer : Rs.34,128(72% less)
8
Medical Facility, unlimited CGHMS facility for full family
Medical Facility, Annual Fixed Rs.4500 and on Self-Hospitlisation 90% and on Family 75% cost for limited diseases





Compare Salary of Bank Employee with Central Govt Employees Peon/Sub-Staff and Clerk
Various Components
of Monthly Pay
Central Govt. Staff
(in Pay Band –1)
Sub-staff in Banks
Central Govt. Staff
(in Pay Band – 2)
Clerical staff
in Banks
Basic Pay
4,860
5,850
8,700
7,200
Grade Pay
1,800
N I L
4,200
N I L
Special Pay (at the minimum for bank staff)
N I L
340
N I L
500
Total
6,660
6,190
12,900
7,700
Dearness Allowance
7126
(@107%)
6,342
(@102.45%)
13,803
(@107%)
7,888
(@102.45%)
H.R.A.
1,998
(@30%)
619
(@10%)
3,870
(@30%)
770
(@10%)
C.C.A.
N I L
N I L
N I L
N I L
Education Allowance
(maximum for 2 children)
2,500
NIL
2,500
NIL
Transport Allowance
1,242
(600+107% DA)
225
3,312
(1,600+107% DA)
225
Newspaper
N I L
100
N I L
100
Gross Monthly salary
19,526
13,476
36,385
16,683


Compare Salary of Bank Officers with Central Govt Officers
Various Components
of Monthly Pay
Central Government Officers (in Pay Band – 3 –
Stage I)
Bank Officers
in JMGS I
Central Government Officers (in Pay Band – 3 –
Stage II)
Bank Officers
in MMGS II
Central Government Officers (in Pay Band – 3 –
Stage III)
Bank Officers
in MMGS III
Basic Pay
15,600
14,500
18,930
19,400
21,900
25,700
Grade Pay
5,400
N I L
6,600
N I L
7,600
N I L
Total of Basic + Grade Pay
21,000
14,500
25,530
19,400
29,500
25,700
Dearness Allowance, Oct-2014
22,470
(@107%)
14,855
(@102.45%)
27,317
(@107%)
19,875
(@102.45%)
31,565
(@107%)
26,330
(@102.45%)
H.R.A.
6,300
(@30%)
1,233
(@8.5%)
7,659
1,649
8,850
2,185
C.C.A.
(Maximum@4% for bank officers)
N I L
540
N I L
540
N I L
540
Education Allowance (maximum for 2 children)
2,500
N I L
2,500
600
2,500
1,000
Transport Allowance / MonthlyConveyance
6,624
(3,200+107% DA)
2,200
(30 litres of petrol)
6,624
(3,200+107% DA)
3,000
(40 litres of petrol)
6,624
(3,200+107% DA)
3,750
(50 litres of petrol)
Staff Welfare/Clg Mtrl
N I L
500
N I L
500
N I L
500
Staff Entertainment Expenses (pro rata)
N I L
300
N I L
400
N I L
500
Gross Monthly salary
58,894
34,128
69,630
45,964
79,039
60,505



Share:

DA increased for Bankers from Nov 2022


DA for Bankers has increased for the quarter November 2022 to January 2022.

CPI data for the month of July, August and September 2022 has been released, which is as under:

July 2022129.90
August 2022130.20
September 2022131.30
 DA for bank employees is linked to CPI data. Based on the CPI data for last 3 months (July 2022 to September 2022), DA payable to bankers will be 556 slabs for the quarter Nov 22 to Jan 23. This is 30 slabs from the previous quarter, which was 526.

As such, the Dearness Allowance for bankers will be 38.92% from the next quarter starting from November 2022. DA for the last quarter was 36.82%. Accordingly, there is an increase of 2.10% in the DA for the upcoming quarter.



Share:

  Useful links for Bankers
   * Latest DA Updates
   * How to recover Bad loans/NPA Acs
   * Latest 12th BPS Updates
   * Atal Pension Yojana (APY)
   * Tips while taking charge as Manager
   * Software used by Banks in India
   * Finacle Menus, Shortcuts & Commands
   * Balance Inquiry Number of all Banks
   * PSU & Private Banks Quarterly result
   * Pradhan Mantri Awas Yojana (PMAY)

Contact Form

Name

Email *

Message *