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Latest Salary of Bankers after 11th Bipartite Settlement

November 11, 2020

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Officers:

Award staff:

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No. of Digits in Account Number of Different Banks in India

SL.NO NAME OF BANK A/C NO DIGITS 1 ANDHRA BANK (Now UNION BANK OF INDIA) 15 2 ALLAHABAD BANK (Now INDIAN BANK) 11 3 AU SMALL FINANCE BANK 16 4 AXIS BANK 15 5 BANK OF BARODA (BOB) 14 6 BANK OF INDIA (BOI) 15 7 BANK OF MAHARASHTRA 11 8 CENTRAL BANK OF INDIA 10 9 CANARA BANK 13 10 CATHOLIC SYRIAN BANK 18 11 CITI BANK 10 12 CORPORATION BANK (Now UNION BANK OF INDIA) 8 13 DCB BANK 14 14 DENA BANK (Now BOB) 12 15 DHANALAKSHMI BANK 16 16 EQUITAS SMALL FINANCE BANK 12 17 FEDERAL BANK 14 18 HDFC BANK 13 or 14 19 HSBC BANK 12 20 ICICI BANK 12 21 INDIAN BANK 9 22 INDIAN O...

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...

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Latest Salary of Bankers after 11th Bipartite Settlement

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