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  2. 17%
    • According to 2 sources
    The 12th Bipartite settlement for bank employees has been finalized, and now everyone is eager to calculate their new pay based on this increase. The salary hike in banks is set at 17%, which includes a 3% load factor. This means that your overall pay on the payslip will show a 17% increase.
    The 12th BPS (Bipartite Settlement) wage revision will be effective from 1.11.2022 for a period of five years. Annual increase in salary and allowances is agreed at 17 %, of the annual pay slip expenses for FY 2021-22, which works out to Rs. 12,449 crores for all public sector banks including SBI.
     
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