Tuesday, April 6, 2010

Bank Pay Hike : Calculation of arrear in the new pay scale.

Bankmen must be eager to know the amount of arrear they are going to get after the 9th bipartite agreement. As the majority of the issues have been settled, one of the popular websites has provided aa arrear calculation sheet which may be downloaded and a rough calculation of arrear is possible.

 The calculation sheet is provided by : allbankingsolutions.com


Download and calculate.


While using the sheet, the following points to be remembered.


(1) This is a protected sheet so that one does not by mistake overwrite the formulas used in the sheet
(2) You are allowed to enter your name, scale and employee number etc.
(3) This is the most flexible Arrear Sheet, where you can enter your Old Basic,
Old HRA %age, New HRA %, CCA etc.
as per the place of posting during that particular month. 
    
(4) You are allowed to change  your old basic pay in Arrear-Sheet column "B".
(5) We have taken PPQ, FPP as zero as at present no details of adjustment of these
is available. However, you can change your CA, HRA in percentage terms as applicable to you and your place
    of posting during that month
(6) In case you are getting HRA at some other centre, you should 
change the HRA percentage for old scales only
(7) In case you are using official accommodation and not getting HRA, change the 
HRA percentage to zero
(8) In case, some HRA deduction is made due to allotment of official accommodation,  
you are also  allowed to enter the actual figures
   


THESE ARE TENTATIVE AND SHOULD NOT BE CONSIDERED FOR
FINAL PAYMENTS ETC.
By Courtsey : allbankingsolutions.com







21 comments:

sukhi said...

there is some mistake. THE SUM UNDER THE HAED HAS BEEN CALCULATED UPTO 33 ROWS UPTO DEC 09 WHILE ACTUALLY IT SHOULD HAVE BEEN FOR 37 ROWS UPTO APRIL 10. PLAESE CORRECT IT

Neeraj said...

aN EXCERPT FROM ALLBANKINGSOLUTIONS

THIS SETTLEMENT IS AT THE COST OF THE PRESENT WORKING BANKERS
BY
Rajesh Diwan and Paturi Muralidhar
The bank officers in the PSU banks are the least paid government servants in this country. Even though bankers are good in calculation and appraisal of any thing including credit proposal to investment, they miserably failed in their own case. Because no one has the guts to question their union leaders comic actions.

Its time to remove all the retired clerks from top union leader posts. They retired 15-20 years ago,and how they can represent the requirements of thousands of young men and woman joined last 10 years in the cadre. Why they are so adamant about retired people now? A union is live because of current workers. Lets first talk about existing employees and their family. We have no problem in taking care retirees or about their great contributions. But should not be at the cost of EXISTING WORKING CLASS.
Pathetic, this may be the only industry still the retired people occupying most off the key union leaders positions. Why we carry the luaggages ? No Karat or Yechhorry to help them now. They simply finding fault with Govt earlier and used union leaders to act against Govt. No when we required the help, no such leaders are in the fray.
So its time to form an independent Bank officers union,with out the clutches of political parties agents as our leaders. Which union leader is working away from his home town.

One circular is finding foul in transferring SBI mgmt transferred State bank Indore Union leader to one remote place. Whats the problem? Nothing will happen to the bank officers in this country if one union leader transferred to remote location. All officers are bound for that. So Leaders feel they are something special. No thing you are there because of us.

Also pls stop the comic circulars like we met today, they told this, we told that, they showed one working, we showed another working, dont fall in rumors bla bala la. Today officers are smart, not like your previous generation. So be smart in your circulars also.


Lets Mr.Pranab sab save all the bankers.

Is Mr.Nadaf sleeping? What does he think about Bank Officers? No doubt, they work like animals. But they have brains too! How can he come to conclusion, that we are getting fair wage revision and pat himself? How foolish! It is high time that these leaders should be thrown into Bay of Bengal and elect junior Officers as leaders. It is really foolish and strategically wrong to link Pension 2nd option with wage revision and IBA has cleverly blackmailed the Union leaders and forced Unions to agree for 17.5%.If everyone recollect their memories, it was Union leaders who misguided the Officers to opt for PF. To correct their mistake, now they have sacrificed good wage revision. Just compare Central Govt. staff wage increase with ours. Officers, at least now, please wake up and act and ensure that all leaders are defeated!
REF : ALLBAKINGSOLUTIONS

ravi said...

after 22 years of service people are getting hike of 3000 in the salary that to due to da.Let Mr Nadaf tell us where the money has gone.

I request Mr Nadaf to arranage for a VRS so that we can say thanks to the bank and union both.

ravi said...

Mr Nadaf,
Thank u for the histrocal settlement done by you and your friends. actually we the officer scale
I -III have been cheated badly. hence our request to you please reopen the negotiation ie the untouched point that is VRS.
We do not have any other grievances only New VRS will do a lot for us.

SHANKAR said...

Referring Neeraj-April 6, 2010 2:15PM
You assumption that the retirees are getting at the cost of existing employees is 200 % wrong. Without retirees your bank would not have been in existance to employ existing employees.Existing employees contribution to retirees is Nil.

ravi said...

shanker,
I appreciate ur remark. But the favor done by the retired employees is not on us but on the bank. Logically it should be paid from the bank's P& L. can u explain me why it is being paid from pension bearing employees.

and do you think that enough judgement has been done with retired employees..
IBA and UFBU have fooled the all employees retired/working at their own peril.

SHANKAR said...

Referring to Ravi-April 6, 2010 4:47 PM
Every body is working for the bank alone as per bank's requirement and not for the sake of other employees.That is why retirees have been fighting for their right with the bank and they have nothing to do with existing employees. It is for the managements to decide.If anything is to be decided either against or in favour,it should be by the bank and not by other employeees. Employees are not the authority to decide. It is again a fact that nothing is paid out of pensioners fund to retired persons. Everything is in black and white and clear in the pension regulation Act. Every year as management is making matching contribution to PF opted employees out of profit, same amount is transferred to pension fund out of profite every year. Now retirees are required to refund Rs 2592.74 Crores to pension fund from their own pocket.Management is contributing Rs 2181.55 crores to Retired employees and Rs 4201.26 crores to existing PF optees.This need not be out of profit as it is only a fund. It may be out of reserves also. No other pensioner or any other employee is making any contribution from his/her pocket. As retirees have done nothing to the existing employees, existing employees are also doing nothing to retired employees.This is clear like sunshine.Just by assumptions if anybody thinks that retired employees are getting benefit from existing employees it will not become truth. Imagination is everybody's right. Nobody is there to prevent them from making wrong assumptions.

SHAILESH said...

where is 17.5% hike?iba/union leaders have made all of us a big fool.we r getting only 11-12% hike.

Ronak Desai said...

Mr.Sankar

Please ask all questions to our leaders Who all are retired and
cause of present conditions both for pension and pay.

SHANKAR said...

Refer Ronak Desai-April 6, 2010 10:29 PM
After serving 33 years in a Nationalized bank in different positions such as Inspector, Personnel Officer,Senior Branch Manager, Investigation Officer etc,I have concluded that the best way to understand things is to go through Circulars issued by banks from time to time,Courts orders,Balance sheets etc.I have also found that different unions have different ideology. Hence the best way is to represent to the decesion making authorities and to claim as per our eligibility.
One thing nobody has gone through is if the amount transferred to pension fund per employee every year since 1996 is Rs 100.00,it is not even Rs 50.00 in case of PF optee.This can be ascertained from any balance sheet of any bank for any year.This anomoly is rectified now by offerring another option to PF optees.Hence best way is to go through facts and figures as per Bank's circulars represent for our share. Hence asking any union does not arise.

Ratankumar said...

The comments made by Mr Shankar are mature enough and the young officers should know the journey made by the officer's feternity for the last 35 years. The officers have worked for paltry amounts of 1500 on wards and due to misguidence and apprehensions not opted for pension. even now for second option large amount has to be shelled out and we dont know from which date the pension will bepaid to the second optees!

MADAPPA said...

REFER RATNAKUMAR,

FOR PENSION PAYMENT, THE DATE OF EFFECT FOR RETIRED EMPLOYEES SHOULD BE FROM THE DATE OF SETTLEMENT AND FOR SERVING EMPLOYEES FROM THE DATE RETIREMENT.
THERE MAY NOT BE ANY OTHER CHOICE. THE RUMOUR THAT THE PENSION FOR SERVING EMPOYEES MAY BE FROM THE DATE OF SUPERANNUATION HAS GOT NO BASE.

MADAPPA said...

WHAT OUR LEADERS HAVE DONE IS A MUTINY AT WAR AND JOINING HANDS WITH ENEMY AT CRUCIAL JUNCTURE TO DISLODGE KING FOR A FAVOUR IN RETURN. HISTORY IS REPEATED. MEMBERS SHOULD BE CAUTIOUS ABOUT SUCH MIR SADIQS. SUCH ENEMIES WITHIN DESERVE BOOTED OUT FROM THE UNIONS, NOT ALONE FROM THE LEADERSHIP. THEY DO NOT HAVE CONCERN FOR HE MEMBERS BUT CONCERNED ABOUT SELF. THEIR STRATEGY SHOULD BE 'HIT WHEN IRON IS HOT' AND NOT 'LOOT WHEN IRON IS HOT' TO WIN THE WAR.

ravi said...

mr sankar

I didnot make any remark against retired employees.

My arguement is only for the VRS. It is the high time for the UFBU/IBA to offer one more VRS. Those interested will opt for it and remaninig will continue.After 22 year of service we simply want and honorable exit from the bank. Because working in a bank is working like a slave.
Let me quote mr balan here today sclae 1 is paid 13000 less per month from its counterpart in goi that to wihtut any responsibiliy.

only ps bankers are fools who will work, foregetting their family resposibilty for 24 hours.

it seems in yuour 35 years of service you have done enough service to ur union and have forgotten your family and working brothers in the bank.

I want to know from you the clas of bankers who are satisfied after this 9th bipar.

thanks

james said...

This is one of the worse pay according to present cost of living let us mark a black day against this settelment

Ronak Desai said...

any out come of today unions meeting with iba? if any have matter than put in blogg about pqp and special allowance.

SHANKAR said...

Referring to Ravi-April 7, 2010 9:46 AM
Serving in banks require very strong will power. The job is so risky that even a single wrong move may become disaster in one’s life. If something goes wrong, lower level officers are made scape goats. If one can cultivate the habit of remaining clean in a muddy pond, I am hopeful that any one can work for decades. But majority of officers are forced to compromise on several aspects because of their personal, family problems. As long as transfer is used as a weapon to suppress honest officers, banking industry will never improve.
Majority of officers are expecting another VRS. It all depends on the government policy for which unions are not in favour.But in the past all union leaders who opposed VRS and pension, opted for pension themselves and took VRS. These are facts. So our dependence on unions should be selective.
Criticism is always welcome. But it should be facts and not assumptions. When it is apparent in the balance sheets of every bank that the percentage of amount transferred to pension fund all these years is double the percentage of amount transferred to provident fund, how employees can argue that employees are not benefited by extending another option for pension. It will be expenditure to management and gain to PF optees. What pension optees gained all these days is compensated to PF optees now.

arun said...

This wage revision is not acceptable to maximum of officers. I need another VRS to shift to private sector for a respectable life...

shilpi said...

ye aalakaman ka faisla hai

raamraam said...

hello friends,
Can anybody reveal the outcomem of yesterday's meeting??

Sanjay Bhatt said...

Don't pay LEVY.

We can do at least this for better 10th settlement.

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