13th Bipartite Settlement 2027: M/o Finance Directs Banks to Complete Wage Revision in 12 Months

Good News for All Bank Employees and New Aspirants! The Ministry of Finance has asked all Public Sector Banks to start and finish negotiations for the 13th Bipartite Settlement (13th BPS) within a maximum period of 12 months. The government is looking forward to implementing the new wage revision smoothly from 1st November 2027. Check the latest declaration here.

What is 13th Bipartite Settlement?

Bipartite Settlement is conducted every 5 years to revise the salaries of all current employees in the Public Sector Banks and other sectors. The 13th Bipartite Settlement will decide the new basic pay, dearness allowance (DA), house rent allowance (HRA), and other benefits for employees working in SBI, PNB, Bank of Baroda, Canara Bank, and other nationalised banks. The Ministry of Finance has announced that:

• The 12th Bipartite Settlement was completed quickly in about 14 months and the government wants the same for the 13th BPS.
• The entire process should be completed within 12 months.
• The government has asked banks to ensure all amendments are ready before 1st November 2027, so the new salary and benefits can start on time without delay.

What It Means for Bank Employees & Aspirants?

For serving employees: Faster negotiations mean they can expect a revised salary from November 2027 onwards without much delay.

For bank exam aspirants: If you clear IBPS PO, IBPS Clerk, SBI PO, or SBI Clerk exams in the coming years and join after 2027-28, you will start with the new higher pay scale under the 13th BPS.