PSU Salary Calculator 2026

📊 Grade-wise Fitment Factors (Approx)

• Clerk: 38% increase (₹1,200 special allowance)
• Officer: 35% increase (₹3,500 special allowance)
• Manager: 32% increase (₹6,000 special allowance)
• Executive: 30% increase (₹10,000 special allowance)

💰 Allowances & Benefits

• DA: 25% (Feb-Apr 2026)
• HRA: 8-10% of basic (city-wise)
• Medical: Coverage + allowances
• Leave Encashment: Enhanced

📅 Arrears Payment Schedule

• Period: Nov 2022 onwards (retrospective)
• Status: Mostly paid 2024-2025; check bank for pending
• Estimated Months: Up to 20 (varies)

What is the 12th Bipartite Settlement?

The 12th Bipartite Settlement is a wage revision agreement between IBA and bank unions for PSU bank employees, effective from July 2024. It provides 30-38% salary increase with 20 months arrears.

How to calculate 12th Bipartite arrears?

Use our PSU Salary Calculator above. Enter your current basic pay and grade. The calculator automatically computes your new basic pay, monthly increment, and total arrears for 20 months (July 2024 to February 2026).

When will 12th Bipartite arrears be credited?

Arrears for 20 months (July 2024 to February 2026) are expected to be credited in March 2026, along with the March salary. Exact dates may vary by bank.

What is the fitment factor in 12th Bipartite?

The fitment factor varies by grade: Clerk (38%), Officer (35%), Manager (32%), and Executive (30%). Additional grade allowances apply: ₹1,200 for clerks, ₹3,500 for officers, ₹6,000 for managers, and ₹10,000 for executives.

Is 12th Bipartite applicable to all PSUs?

The 12th Bipartite Settlement primarily applies to public sector banks. Other PSUs like IOCL, BPCL, NTPC may have similar revisions with slight variations in fitment factors.