11th bipartite Settlement of Bank employees are due on 01st Nov 2017. Charter of demand by various Bank unions i.e. Officers as well as employees already been submitted to IBA for negotiation.
Now Bank officer's union has demanded the hike in salary comparing the existing salary structure and hike of various government sector as well as RBI after 7th pay Commission.
Check out the Salary comparison of PSB Bank Officers Vs RBI Officers
In case of RBI officers, the starting basic pay which was Rs 17100 has been
increased to Rs 28150 and at entry level.
They also get a local allowance of
5% of pay, family allowance of 4% of Pay, Grade allowance of Rs.6000 and a
special allowance of Rs.6000(Rs1625 for those who joined in 2016) which
is eligible for DA.
So their salary structure is much superior to other bank
officers.