12th bipartite settlement: The 12th Bipartite Settlement

The 12th Bipartite Settlement ( 12th BPS) was signed on 8th March 2024. It is an important agreement in the banking industry that determines the salary and other allowances for bank employees in India. It is a negotiation between the United Forum of Bank Unions (UFBU) and the Indian Banks’ Association (IBA) and is revised every five years. 12th Bipartite Salary Increase for the employees of Public Sector Banks have been implemented since 1st Nov 2022. A joint note has been signed between IBA and UFBU on 8th March 2024. Check out the highlights and key benefits under 12th BPS for the employees of the Public Sector Banks. Click Here to Calculate the New Salary as per 12th BPS The new wage settlement entails several benefits aimed at enhancing the overall compensation package for our officers. We believe these provisions not only ... HR & Industrial Relations 12th BPS MOU dt 19.07.2023 11th BPS 9th BPS 8th BPS BPS 2015 BPS 2015 BKSM 12 Bipartite UFBU 12 Bipartite BKSM Know the latest on 12th Bipartite Settlement —revised salaries, officer pay scale, salary charts, and arrears with expert breakdowns.