PE Rating in mid term 4.38. New Project Rating for Year End 4.12 . What band and percent increase should I expect

Rating and band are two different things i myself got A band on 3.3 rating and c band on 4.65 rating so its totally depends on management

I will be brutally honest, band and rating in TCS work independently. It depends totally on your project, team leader, manager, and HR.

The projects are given a fixed number of bands to distribute. So EoD they managers and leads decide who gets what. A good Rating does not guarantee a good band. But a bad rating pretty much ensures a bad band.

Eg: last year appraisal colleague had 4.3 and ended up with C band but sister project 3.9 colleague got B band.

But yeah anything below 3.6 is pretty much a C band.