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DA increased for Bankers from Nov-19 to Jan-20

October 31, 2019

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Officers:-

Award Staff:-

Bankers DA PSU Bankers Public Sector Bank

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Software used by Different Banks in India

Finacle: Finacle is a very popular core banking software package which is designed by Infosys. Here is a list of Indian Banks that use Finacle Software Packages. 1. Andhra Bank 2. Axis Bank 3. Bank of Baroda 4. Bank of India 5. Corporation Bank 6. Dena Bank 7. Federal Bank 8. ICICI Bank 9. IDBI Bank 10. Indian Overseas Bank 11. India Post Payments Bank 12. IndusInd Bank 13. Karnataka Bank 14. Kotak Mahindra Bank 15. Oriental Bank of Commerce 16. Punjab & Sind Bank 17. Punjab National Bank 18. RBL Bank 19. South Indian Bank 20. UCO Bank 21. United Bank of India 22. Union Bank of India 23. Vijaya Bank

11th Bipartite Settlement Updates: Basic Pay & Other Allowances of Officers & Award Staff

11th Bipartite Settlement of PSU Banks finally signed on 11/11/2020. Basic Pay : Officers Scales of Pay: Scale I : 36000 – 1490 x 7 – 46430 – 1740 x 2 – 44910 – 1990 x 7 – 63840 Scale II: 48170 – 1740 x 1 – 49910 – 1990 x 10 – 69810 Scale III: 63840 – 1990 x 5 – 73790 – 2220 x 2 – 78230 Scale IV : 76010 – 2220 x 4 – 84890 – 2500 x 2 – 89890 Scale V : 89890 – 2500 x 2 – 94890 – 2730 x 2 – 100350 Scale VI : 104240 – 2970 x 4 – 116120 Scale VII : 116120 – 3220 x 4 – 129000 Stagnation officers: scale I : 5 stagnation increments 1990 x 2, 2220 x 2, 2220 x 1 scale II : 5 stagnation increments 2220 x 5 scale III : 6 stagnation increments 2220 x 4, 2500 x 2 scale IV : 2 stagnation increments 2730 x 2 scale V : 1 stagnation increment 2970 x 1 Clerical Basic: 17,900 – 1000 x 3 – 20900 – 1230 x 3 – 24590 – 1490 x 4 – 30550 – 1730 x 7 – 42660 – 3270 x 1 -45930- 1990 x 1 – 47920 Stagnation Cle...

List of Indian Public Sector Banks (PSU Banks)

List of Indian Public Sector Banks :- (Click to visit the website of the Bank) Nationalized Banks, State Bank Group Banks have been included here as PSU Banks Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank (Now BoB) Indian Bank Indian Overseas Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank State Bank of India Syndicate Bank UCO Bank Union Bank of India United Bank Of India Vijaya Bank (Now BoB)

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DA increased for Bankers from Nov-19 to Jan-20

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