Wednesday, May 20, 2015

Revised Pay Structure For Bank Officers

AS PER THE AVAILABLE INFORMATION AND BASED ON OUR EXPERIENCE AND PRESUMPTIONS , EXPECTED SALARY STRUCTURE OF 10TH BIPERTITE FOR OFFICERS WILL BE AS FOLLOWS WITH A MINOR VARIATION;

1.        BASIC PAY - SCALE – I TO SCALE- VII - RS.23700/- TO RS.85000/-
REVISED BASIC PAY: EXISTING BASIC PAY X 163.335 / 100 (ROUND OFF THE AMOUNT)

2. SPECIAL PAY - REVISED BASIC PAY X 7.75 (UPTO III); 10 (IV & V); 11 (VI &VII)/100

3. DA - ON REVISED BASIC PAY + SPECIAL PAY @ 33.73%

4. HRA – 7% (OTHER PLACES); 8% (AREA I); 9 % (MAJOR A CLASS CITIES)

5. CCA – RS.900/- (AREA I); RS 650 (OTHER PLACES) (IF APPLICABLE)

6. PQA - PART I– RS 1100 & PART II– RS 1670 PLUS DA  (AFTER REACHING TOP OF SCALE)

7. FPA - 163.335% INCREASE ON EXISTING. (LAST INCREMENT COMPONENT IN EACH SCALE+DA+HRA IN CASE LEASE ACCOMDATION IS NOT PROVIDED OTHERWISE LAST INCREMENT COMPONENT IN EACH SCALE+DA; AVAILABLE AFTER REACHING TOP OF SCALE.)

8. MEDICAL AID – RS 7900 (UPTO III); RS 10000 (IV & ABOVE)

9. STAGNATION INCREMENT – SCALE II & III – ONE INCREMENT ADDITIONAL IN EACH SCALE BESIDES EXISTING ONE.




Bank Wage Revision 10th Bipartite : Scales finalized – RBI cleared holiday for 2nd & 4th Saturdays
Bank Wage Revision 10th Bipartite : Scales finalized – RBI cleared holiday for 2nd & 4th Saturdays
Bank Xth Bipartite : Scales finalized. RBI cleared holiday for 2nd & 4th Saturdays
Distribution Chart for 10th Bi-Partite Settlement Finalised:
Scales: Substaff- 9560 to 18545 + 8 Stagnation Increments (each after 2 years)
Clerical- 11765 to 31540 + 8th Stagnation Increments (1st to 5th- each after 3 years, 6th to 8th- each after 2 years)
8th Stagnation Increment w.e.f . 01.05.2015
D.A.: 0.10% Per Slab
HRA: 10%, 9% & 7.5%. Only 3 Areas will remain (Last 2 Areas will be clubbed)
(45 lacs and above: 10 % ; 12-45 lacs & Goa : 9 % ; other centres : 7.5 %)
Special Allowance: 7.75% of Basic Pay with DA
Transport Allowance: Upto 15th Stage of Scale- 425, 16th Stage & above- 470
Medical Aid: 2200
Officers’ scale is going to be finalized shortly today (20/05/15)
RBI has cleared the proposal of IBA to declare 2nd & 4th Saturdays as holidays. The clearance has been sent to the Government for approval.
The joint note likely to be signed very soon, Most probably on 25th May 2015. Be with us for more news soon !

 

 
 
 

2 comments:

  1. With a foremost ideology of social justice, equality, fraternity & economic emancipation for all, Bahujan Samaj Party (BSP) is a prominent national political party of India. Manyawar Kanshi Ram Ji founded the Bahujan Samaj Party (BSP) with the help of his associates on 14th April 1984, primarily as a radical social reform movement adhered to work for social, economic & political justice through expression, belief, religion and freedom.

    ________________
    BSP in Gonda | Arshad Ali Khan

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  2. Bank Officers and clerks are the worst affected employees in the organised sector in India. They do not get the salary they deserve. The so called Officers Association and Employees Unions are ineffective. They are mere tools in the hands of their guiding political party. Whenever they say to strike work ( last time for price rise) these bank officials obey them.Entire bank employees struck work for two days. What is the result ? Political parties, if they have any sympathy towards bank employees should stop exploiting them for their political mileage and work for decent pay scales
    for them. Their pay may be made at par with central govt officers and staff. The office bearers of officers and staff union should stop cheating members of their respective bodies. You should strike work only for your cause and not for the political parties.

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