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CALCULATE YOUR PLI AMOUNT || PERFORMANCE LINKED INCENTIVE 2024 || BANKING SECTOR

CALCULATE YOUR PLI AMOUNT || PERFORMANCE LINKED INCENTIVE 2024 || BANKING SECTOR

PLI CALCULATOR FOR FY2023 -2024

Every PSB has undergone wage settlement called 11th BPS or 8th joint note signed in 2020.Performance Linked Incentive was introduced in public sector banks to all the employees. Various banks announced PLI and number of days listed below for FY2024. PLI is calculated on the salary components of Basic and DA. However unions are conducting a meeting to review the PLI formula. Most of the banks have announced their balance sheet results. Based on these result operating profit we have calculated the PLI amount.At present as per IBA circular the DA slab rate is 15.7 percent.

IOB : 10 Days
Bank Of India : 5 Days
Indian Bank : 10 Days
SBI : 10 Days
Canara : 5 Days
PNB : 10 Days
BOB : 15 Days
The following are the slabwise PLI based on operating profit.
  • If operating Profit is lesser than 5% then NILL PLI
  • If operating Profit is More than 5% and below 10% then 5 Days PLI
  • If operating Profit is More than 10% and below 15% then 10 Days PLI
  • If operating Profit is More than 15% then 15 Days PLI

PLI CALCULATOR

Enter Your Basic pay
Number of PLI'S (5 , 10, 15)

CALCULATOR NEW GROSS SALARY WITH CAIIB BENEFIT || BANK EMPLOYEES UPTO SCALE7 || 12TH BPS







GROSS SALARY CALCULATOR AS PER 12TH BPS.

SUBSTAFF TO SCALE-7 PAY SCALE OF BANK EMPLOYEES CAN BE CALCULATED USING THIS CALCULATOR. THIS CALCULATOR CAN CALCULATE YOUR 12TH BPS WITH AND WITHOUT CAIIB INCREMENT. THIS POST IS USEFUL FOR ALL BANK EMPLOYEES FROM CADRE SUBSTAFF/HKP TO SCALE-7 TO CALCULATE THEIR RECENET SALARY BASED ON 12TH BPS. YOU NEED TO SELECT THE OLD BASIC PAY AS PER 11TH BPS AND ALL CALCULATIONS FOR 12TH BPS WILL BE ARRIVED.
BANK OFFICERS LATEST (12TH BPS) SALARY CALCULAOR WITH CAIIB BENEFIT.
old basic :
new basic :
da :
hra :
transport alw: :
wash alw:
spl :
swo-b alw :
learning alw:
cca :
Total Sal with HRA :
Total Sal without HRA :
*Note : For scale-1 and above GROSS SALARY AS PER 12TH BPS IS CALCULATED UPTO SCALE-7,HRA if applicable is not added. You can add HRA if you are eligible. Then gross salary is arrived with HRA as per 12th BPS.
*Note : Refresh every time you change the grade and scale so that you get accurate values.
For calculating arrears here is the procedure Click here

12TH BPS || BANK OFFICERS SALARY CALCULATOR || ARREARS 2 LAKHS WITH CAIIB

    12TH BPS PROCEDURE TO CALCULATE ARREARS
  1. Bank Officers new salary and arrears as per 12th Bipartite Settlement
    In this post you can learn how to calculate your own salary and arrears of 12th BPS. latest updates for officers with salary calculation, arrears calculation, benefits of CAIIB, Leaves, Allowances and many more are updated here. How to calculate your own salary and arrears is explained. In this blogpost he pay scales of scale 1 and scale 2 mentioned. Newly introduced leave bank and enhancement in the perks like closing allowance, Newspaper allowance of 50% increment and other benefits and highlights of 12th Bipartite settlement is discussed indetail
  2. 5 DAY BANKING

    Clause regarding 5 days banking is included in 12th BPS. It is a long awaited demand from the bank unions/association. The 5Day banking is going to be expected to be implemented from June 2024

  3. 17% HIKE

    17% Increment in the pay slip of all the banking professions. Gross salary will be hiked by 17%.

  4. EXTRA INCREMENT - CAIIB

    Those officers who have completed their CAIIB are going to get extra increment in their pay component. This was implemented in 12th BPS. Previously there were 2 increments for clerical and only one increment for officers.This increment is effective from 1st Nov 2022

  5. HRA

    From 8, 9 , 10 percent to 12, 13, 14 percent respectively Increased FOR OFFICERS AND 10.5% FOR ALL CLERKS WITH NO MIN AND MAX LIMIT.

  6. LEAVE BANK

    Introduction of leave bank. You can donate your leaves to others who are in need.

  7. PL ENCASHMENT

    PL encashment can be done to at the time of retirement to the maximum of 255 days. Previously it was 240 days.

  8. TRANSFER ALLOWANCE

    Upon transfer of the officer employee allowance for transfer will be 40,000 rupees. 15 Days lodging/HA will be paid.

  9. SPECIAL ALLOWANCE

    SPECIAL ALLOWANCE is increased from 16.4% 26.4%. It does not carry any pension benefits.

  10. BASIC PAY

    New basic pay starts at 48480 for officers.

  11. HALF DAY LEAVE

    4 HALF day Casual leaves introduced

  12. EYE CHECKUP

    500 Rupees per year for eye checkup will be reimbursed

  13. FEMALE EMPLOYEES

    All female employees can avail one sick leave per month without medical certificate

  14. LEAVE REFUSED

    A Record will be maintained in case management is rejecting/refused the leave applied.

  15. CLOSING ALLOWANCE

    Rupees 1500 per quarter closing allowance will be paid. It was 250 rupees as per 11th BPS

  16. OFFICIATING PAY

    Minimum of 4 days an employee should work above the scale he is at present. Then officiating pay of 15% of the Basic pay will be paid.

  17. LEARNING ALLOWANCE

    Learning allowance of 850 rupees per month will be paid

  18. LOCATION ALLOWANCE

    1200 Rupees per month will be paid as location allowance for the officers working in rural and hilly areas (NON CCA)

  19. DA SLABS : OLD/NEW

    Nov-22 : 38.92/7.44
    Feb-23 : 41.16/9.41
    May-23 : 41.72/9.9
    Aug-23 : 44.24/12.07
    Nov-23 : 48.51/15.77
    FEB-24 : 48.51/15.77

  20. To calculate your gross salary of 12th bps u can Click Here , Just enter your grade, scale and whether CAIIB PASSED OR NOT PASSED

  21. FINAL SALARY CALCULATION

    11th BPS salary
    basic pay:41960
    DA:20354
    Special Allowance:10219
    Learning Allowance:891
    Location Allowance:700
    Total salary : 74125



    12Th BPS salary Without CAIIB Increment
    Basic pay AFTER 4 INCREMENTS AS ON DATE OF WORK EXPERIENCE:56480

    NEW BASIC AS PER 12TH BPS 56480
    DA:56480*15.73/100= 8884
    Special Allowance:(56480+8884)*26.5%= 17321
    Learning Allowance:850*15.73/100 (DA)= 983
    Location Allowance: 1200
    Total salary : 84,868


  22. PQP

    This component of pay is payable upon reaching the stagnation. PQP-1 is 1370

  23. Pay scales

    For officer scale 1 : 48480 2000/7, 62480 2340/2, 67160 2680/7, 85920
    For Scale 2 : 64820 2340/1, 67160 2680/10, 93

  24. Refreshment Allowance

    For officer 2% on basic pay on pay slip

  25. ARREARS

    With the implementation of 12th BPS arrears we get approximately is Rs. 84868-74125=10743 per month. As the 12th BPS is due from 17months arrears payable we will get 10743*17=182631 as arrears in 12th BPS
    12Th BPS salary calculation With CAIIB exam Increment
    With CAIIB INCREMENT WE WILL GET 3016 Rs extra every month for Officer scale 1 for the rest of the service in bank.
    With CAIIB INCREMENT ARREARS OF RS 3016*17 = 51272 Rupees for 17 months will be getting
    Total arrears of 12th BPS FOR BANK OFFICERS = 182631 + 51272 = 2,33,903
    Deduction of NPS @ 10% 233903-23390 = 2,10,513
    On this net salary, Levy of 4% will be charged by their respective unions. 8420 will be deducted from net salary. The final net salary as arrears of 12th BPS FOR BANK officer scale 1 will be Rs. 2,02,092 /- .


CERTIFICATE COURSE ON FOREIGN EXCHANGE || EXAM || SYLLABUS

The same currency will not be there worldwide. So one needs to convert one currency with another. The rules and regulations laid down in dealing with foreign exchange operations and syllabus are mentioned in this blog post. It also covers the Export and Import of goods. Market movement of foreign currency exchange like buy and sell with margin is explained. 
    


Contents To be covered

Factors determining the rates (fundamental and technical)
Foreign exchange market Participants
Ready Spot and Forward
FEDAI
FEMA act - 1999
RBI Functions related to Foreign Exchange
DGFT
ECGC
INCO Terms
Direct and Indirect rates
Arbitrage and Speculation
Holiday forex deals
Premium and Discount
Nostro, Vostro, Loro, SNRR, FCNR, RFC  Accounts
EEFC
Direct and Indirect currencies (GEAN)
NTP
Crystallisation of Import bill
Crystallisation of Import bill
Foreign Trade Policy
Trade Credit 
Advance Payment against Import Bill
Advance Payment against Export Bill
Forfaiting Export Finance against Export receivables
Factoring 
Letter of Credit
Correspondance banking
Authorised Dealers
Dealing Room
Cross Rate Problems

                                                             


                                                            For attempting free quiz on foreign exchange Click Here 


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

                                                            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.


                                                            Some of the websites like pw live, websites copied content from this blog post. This is just for your information that this blog gives you correct and accurate date. This blog gives you unique content.



                                                            IBPS RRB PO KARNATAKA INTERVIEW QUESTIONS ASKED 2022

                                                            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

                                                            AP GRAMA WARD SACHWALAYAM || RECRUITMENT 2023 || UPDATES

                                                            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.



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

                                                            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.

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

                                                            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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                                                            You can activate the banking services like Canara Ai1, Google Pay, UBI, SBI YONO, IOB, PNB, BOI, BOB.

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