What Is the 13th Bipartite Settlement? A bipartite settlement is a wage revision and service conditions agreement signed between two parties: the Indian Banks’ Association (IBA), representing the management of public sector banks, and the recognised employee unions. Nine unions participate in these negotiations — AIBEA, NCBE, BEFI, and INBEF Read more…
Every five years, salaries of public sector bank employees are revised through a Bipartite Settlement — a formal wage agreement between the Indian Banks’ Association (IBA) and bank unions. The 12th Bipartite Settlement is among the most searched topics for bank employees today, with questions around the salary hike percentage, Read more…
Current DA — February to April 2026 25.00% Under 12th Bipartite Settlement • Effective 1 February 2026 CPI-IW Avg148.03 Base Index123.03 Increase+1.07% IBA Circular6 Feb 2026 DA for Bank Employees from February 2026 The Indian Banks’ Association (IBA) announced the revised Dearness Allowance for bank employees vide Circular No. CIR/HREIR/76/D/2025-26/2909 Read more…
Finance minister has approved revision in CGM level post in public sector banks. Earlier, the CGM (Chief General Manager) post was permitted in select banks, however, finance ministry has now allowed the it in all public sector banks irrespective of size of business. CGM is a scale VIII level designation Read more…
DA for Bankers is expected to increase for the quarter May 2023 to July 2023. CPI data for the month of January 2023 has been released, which is 132.80. Dearness Allowance for Bank Employees is 588 slabs, which translates to 41.16% for the present quarter of February to April 2023. Read more…
DA for Bankers is increased for the quarter February 2023 to April 2023. CPI data for the month of October, November and December 2022 has been released, which is as under: October 2022 132.50 November 2022 132.50 December 2022 132.30 Read: How to pass JAIIB in first attempt Read: Charter Read more…
DA for Bankers has increased for the quarter November 2022 to January 2022. CPI data for the month of July, August and September 2022 has been released, which is as under: July 2022 129.90 August 2022 130.20 September 2022 131.30 . Read: How to pass JAIIB in first attempt Read: Read more…
DA for Bankers is expected to increase for the quarter August 2021 to October 2021. CPI data for the month of April 2021 has been released, which is 120.10. This has increased from 119.60, i.e., increase of 0.5 points. Assuming that CPI remain at the same level, i.e., 120.1 for Read more…
DA for bank employees increased by around 1.40% for the quarter August 2020 to October 2020. CPI data for the month of June 2020 has been released today, which has increased from 330 in May 2020 to 332 i.e., an increase of 2 points. Based on the CPI data for Read more…
Update 31 January 2020: DA for bank employees increased by 4.20% for the quarter February 2020 to April 2020. Good News for bankers amid the deadlock on salary increase under 11th bipartite settlement, which is pending since November 2012. And the good news is that Dearness Allowance for bankers has Read more…