On Mahashivratri, a special day, 850,000 employees and officers of public banks in our country got a good news – their salaries are going up.
There was an agreement between bank unions and the Indian Banks Association about this.
The agreement says that bank employees will get a 17% raise in their salaries starting from November 2022.
This means they will get more money every month, along with extra money they should have got before.
12TH BIPARTITE SETTLEMENT
Revised emoluments in April, 2024#12thBPS #AIBEA pic.twitter.com/p7EW5lD7Eg— CH VENKATACHALAM (@ChVenkatachalam) March 12, 2024
Let’s see how much their salaries will increase
For bank clerks, the salary is going up by 21%. For example, if someone starts working in a bank in April 2024, they would have earned around Rs 37,421 per month before.
But now, with the new agreement, they will earn Rs 45,337 every month, which is Rs 7,916 more.
For substaff, like people working on lower positions, their salary is going up by 15%.
For example, someone starting as substaff in April 2024 would have earned around Rs 27,443 per month before.
But with the new agreement, they will earn Rs 31,530 every month, which is an increase of 15%.
For senior clerks, who have more experience, their salary is increasing by 22%. For example, someone in this position would have earned around Rs 1,33,168 per month before.
But with the new agreement, they will earn Rs 1,62,286 every month, which is an increase of Rs 29,118.
For substaff, like people working on lower positions, their salary is going up by 21%.
For example, someone starting as substaff in April 2024 would have earned around Rs 71,598 per month before.
But with the new agreement, they will earn Rs 86,651 every month, which is an increase of Rs 15,053.
