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BANK EMPLOYEES || 12TH BPS SALARY 17% HIKE || LOAD FACTOR 3% CALCULATOR

BANK EMPLOYEES || 12TH BPS SALARY 17% HIKE || LOAD FACTOR 3% CALCULATOR

Posted On::08 December, 2023 at

Nuances of 12th BPS Insights for Dedicated Bank Professionals :

The 12th Bipartite settlement to bank employees has been finalized. Now everyone looks to calculate their pay slip package based on this hike. Now the salary hike in banks settled to 17% in which a 3% load factor is included in this. Over all on the payslip, you will get a 17% hike. Dearness Allowance(DA) is merged with the present basic. Special allowance is calculated on basic pay and DA which was 16.4 % in the 11th Bipartite settlement. Now this special allowance is not yet finalised as of 7/12/2023. 





12TH BPS SALARY CALCULATION WITH 17 HIKE.

Here I have calculated the present gross salary as per 11th BPS and also as per 12th BPS. 

WHAT IS LOAD FACTOR 3% IN SALARY CALCULATION EXPLAINED. 

Load factor is considered in the 12th BPS. This is the thing that mostly benefits bank staff among other allowances because this load factor arrived by considering both BASIC and DA. In the below chart load factor at 3% is taken from both BASIC AND DA.

TOTAL SALARY INCREASE IS EXACTLY  17% AS PER 12 TH BPS SETTLEMENT

Gross salary before 12TH BPS( Rs. 74,125 /- ) and Gross salary after 12TH BPS ( Rs. 89,601 /-)is shown below. Thus the increase is 17% on payslip as said in the 12BPS final negotiating committee.

12th BPS CALCULATED FOR OFFICERS' SALARIES.

The below salary chart is prepared for the employee who has joined bank in 2021 with basic pay of Rs. 36,000 /- as per 11th BPS. The employee has passed both JAIIB AND CAIIB certification courses which was conducted by www.iibf.org which carries 1 increment each. For the year 2022 and 2023 the employee has got two yearly increments. Thus total (1+1+1+1)  = 4 increments. Each increment is Rs. 1490 /- in BASIC PAY for officers. The below chart shows salary calculation for Officer employee with CAIIB qualification and 2 yearly increments he already had. 

1 LAKH PLUS SALARY IN BANKS.

The officer in banks will get 89,601 as per my calculation in the above calculation sheet  with CAIIB and 2 years experience. With other allowances like RENT AND PETROL the gross salary of officer employee in banks crosses 1lakh. Thus it is best to choose bank job for your professional career growth. This is decent salary which is very good news for bank staff as per 12th BPS.
This is new line




SALARY SLIP COMPONENT'S OF BANK EMPLOYEES LOAD FACTOR 


THE COMPONENTS OF THE PAYSLIP FOR OFFICER EMPLOYEE IN BANKS ARE BASIC PAY, DA,  SPECIAL ALLOWANCE  And LOAD FACTOR of 3% is included in new salary for bank employees. In the below chart load factor of 3 % is calculated to new basic pay of 12th bps and New DA. i.e 3% of (56212+10286) = 1994. Thus Rs. 1994 is added to basic pay as load factor for the present pay slip and the other components like DA, SPECIAL ALLOWANCE AND HRA are calculated as per 12th bps settlement. 


The components that are eligible for DA, HRA, PF, GRATUITY, PENSION,  NPS are Basic pay, stagnation increments, Special Pay, Graduation pay/ Professional qualification pay and Officiating Pay. The percentages will be given in the final 12th BPS which will be given soon.


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IBPS RRB PO KARNATAKA INTERVIEW QUESTIONS ASKED 2022

IBPS RRB PO KARNATAKA INTERVIEW QUESTIONS ASKED 2022

Posted On::07 December, 2023 at
Banking exam officer cadre IBPS RRB PO 2022 exam is having a huge craze. Aspiring candidates of karnataka had to know kannada. It is known that some people who do not know kannada also applied for IBPS RRB PO 2022. While facing interview the interview panel will check if the candidate opted YES OR NO for kannada language. If he knows the local language that will be plus point. Atleast manageable kannada is also OK. Nowadays those people who are already working in RRB BANKS had to go for language test. Recently exam on local language was also conducted. That was easy.  In the latest RRB PO interview the following questions were asked for 2022 candidates. 1:3 is the ratio selected for the final interview of IBPS RRB PO 2022. The following questions were asked in the interview in the regions of mysore and bangalore.






1)What is a lead Bank?

 2)SHG

 3)Why u chose banking instead of your core subject like EC.

 4)Family background?

 5)If he has worked previously?

 6)Why is it became late to secure a job after getting degree?

 7)What is your percent in degree. If it is high then there will be a question that so high % then why bank

 8)Different types of accounts? RD FD OD OCC

 9)Local language kananda will be tested orally

 10)What do you call "savings account" in kannada?

 11)If you are working anywhere then there will be a question on that for sure

 12)Difference between fund transfer neft and rtgs and their limits?

 13)What made you to come to banking?

 14)How can you connect IT with Banking Industry?

 15)How can you sell yourself to be a banker? 

 There will be 4 or 5 members in the interview panel.That too only 10 to 15 minutes interview only.So hope for the best be going ahead breaking obstacles. Best of luck.

Thanking you
A Banker
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AP GRAMA WARD SACHWALAYAM || RECRUITMENT 2023 || UPDATES

AP GRAMA WARD SACHWALAYAM || RECRUITMENT 2023 || UPDATES

Posted On::28 November, 2023 at
ANDHRA PRADESH GRAMA / WARD SACHWALAYAM RECRUITMENT 2023 :
 

    The Andhra Pradesh Public Service Commission recently released two important job notifications for Group I and Group II, creating exciting opportunities for those interested in government jobs. Looking forward, the AP Government is close to approving the release of the highly anticipated 3rd job notification for Grama Ward Sachwalayam in Andhra Pradesh. In 2023, the APPSC Commission going to issue the 2023 Grama Ward Sachwalayam Notification, and APPSC going to cover the entire process of Examination Conduction including online applications, exams, hall tickets, and result announcements, ensuring a smooth and transparent recruitment procedure for job seekers in the AP state.

SACHWALAYAM UPDATES


    


For those who aspire to secure a government job in their local region, a great opportunity awaits. Eligible candidates can apply online on the official APPSC website http://psc.ap.gov.in. 

    The latest update relates to the much-awaited AP GRAMA WARD SACHIVALAYAM NOTIFICATION 2023, the 3rd notification for the year, featuring 14,523 vacancies across 20 diverse categories in 2023. Previous recruitments in 2019 had 1,50,000 vacancies, and in 2020, there were 15,971 vacancies. Don't miss this chance to embark on a rewarding career journey in your community.

AP GRAMA WARD SACHWALAYAM 


    To improve citizens' quality of life, the Government of Andhra Pradesh is dedicated to enhancing public service standards through the transformative initiative called NAVARATHNALU. Grama/Ward Sachwalayams are established across districts, towns, and villages to bring governance to every citizen's doorstep. This effort is fueled by a commitment to uphold accountability and transparency, representing a corruption-free system that prioritizes public well-being and satisfaction.

    The Grama/Ward Sachwalayam Secretariat acts as a central hub with teams from 20 different departments, ensuring accountability and delivering services within specified timeframes. 

    The main goal of Grama/Ward Sachwalayams is to provide citizens with corruption-free services. The skilled Secretariat staff, assisted by volunteers, work together to fulfill this commitment, providing essential services to the community efficiently and transparently.



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CANARA BANK PROMOTION TEST QUESTIONS ASKED 2023 || SCALE1 TO SCALE2 ||

CANARA BANK PROMOTION TEST QUESTIONS ASKED 2023 || SCALE1 TO SCALE2 ||

Posted On::13 November, 2023 at

Recently i.e On 11/11/2023 PSU Bank (CANARA BANK) conducted a Promotion test for aspirants of scale 1 to scale 2. Overall 100 general banking questions were asked and 140Min time was given. This is the same as the IBPS pattern exam. These questions cover all the banks that conduct internal promotion tests. Here you will get only 20 to 25 questions that were asked in the exam. This is the moderate-level exam. The reporting time was 1.30 but you can go 15Min late as there will be checking and registering of candidates. IBPS prepares the question paper on behalf of Canara Bank. So the transparency in selecting the candidates through the exam pattern is very good. Many questions are asked based on the policies of the bank. The common policies you need to study will also be mentioned here.




  1. PM KUSUM: For components B & C 30% of Project cost is enumerated in DPR. 
  2. CSR: Corporate Social Responsibility INDO NEPAL maximum ceiling in BC locations per person per day is 25,000.
  3. TAT: What is the Turn Around Time (TAT) to settle the digital transactions.
  4. TWO: Technically Write Off in case of Doubtful assets.
  5. SARFAESI: In how many days does the Authorised Officer have to serve the sale notice along with the cover letter?
  6. FATF: Financial Action Task Force
  7. Income Tax: If a person does not have PAN he is to serve the FORM60 under rule 114B
  8. Priority Sector Lending: Start-Up company which has engaged in Agri allied activity. The maximum loan amount to be considered under Priority Sector Lending is 50 crore.
  9. Risk weight: For housing loans, up to 30 Lakhs is 35%.
  10. Interest Subvention: Agri Infra Finance (AIF) will be getting interest subvention of 3% up to 2 crore.
  11. Gold reappraisal: Reappraisal should be completed for the previous quarter within how many days? (1month 45days 2months 2.5months 3months)
  12. Risk weight: Risk weight is redefined. Business risk _____ percent growth and control risk _____ % growth. (10-90, 15-85 25-75 20-80).
  13. NPA: Settlement of NPA's in the MSME Sector with Book Liability less than 2crore for accounts due Rs. ______lakh, and valuation not older than _____ years. (20-3, 10-1, 25-2, 25-1, 15-6)
  14. Sale of Pool of Loans: Maximum sale to one trader with regard to "sale of pool of loans" is ___ crores. (500 1000 4000 5000 2500)
  15. Soil Note: A portion of a note missing or note is of more than two pieces. This type of note is called a Mutilated note.
  16. TLTRO: Full form is Targeted Long Term Repo Operations. The question asked is what does R stands for in TLTRL?
  17. Term Deposit: If a Term Deposit matures, it is not closed the rate of interest it carries?
  18. Large Branch: Average advances fall between ____ & ___ crore to be classified as large branch?
  19. Cheque Return: The Cheque is dishonored for how many times the bank will stop issuing the cheque and close the account.
  20. Legal Audit: Legal audit fee for mortgage-based loans charges paid to advocate?
  21. UEBT complaint: When does customer entitlement become zero.
  22. Debit Card: Platinum card coverage for air accident is 8 Lakhs.
  23. Debit Card: Debit card can issued to minors above the age of 10 Years
  24. Rating: Internal rating limit is 25 crore
  25. Service charge: As per RBI guidelines services charges can be exempted up to Rs. 25,000.
  26. Death claim: Death claim should be settled within 15 days after receiving all documents.

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Practice GK Quiz One-Liners || POLITY || SSC, Public Service Commission Exams

Practice GK Quiz One-Liners || POLITY || SSC, Public Service Commission Exams

Posted On::02 November, 2023 at

You can practice GK important questions on Indian Polity by attempting quiz. Test your knowledge, Explore the intricacies of General Knowledge in Polity through a thoughtfully curated collection of one-liners and practice questions. Examine into the realms of governance, constitutional principles, and political systems as you prepare for SSC and Public Service Commission Exams. Elevate your exam readiness with our focused approach to Polity questions, offering a valuable resource for your competitive exam preparation.

QUIZ-1
INDIAN POLITY SSC AND APPSC EXAMS

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