Calculate Your Salary with 2.5% Load Factor

Know the formula to calculate the hiked salary in 12th Bipartite Wage Revision for bankers - In the recent concluded 12th BPS settlement between IBA and Bankers Union, it is decided to have 2.50% load factor on basic pay. The overall hike will be 16%.

Load factor is the actual hike in the basic pay other than merger of Dearness allowances. The proposed merger of DA is considered as 36.82%. The load factor is calculated on Merged Basic Pay with 2.50% load.

A simple calculator to calculate the Load Factor : Click Here
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