Salary in Banking Industry is governed by the Bipartite
Settlement which is signed between Bank Employee’s/Officer’s Trade Union and
Indian Bank’s Association. Here Trade Unions represent the Employees/Officer’s
trade Union/Association and Indian Bank’s Association represents the Bank
Management and Government.
Bank Salary is subject to revision after every 5th year. Present salary structure in Banking Industry is governed by the 11th Bipartite Settlement which was signed on 11.11.2020 effective from 01.11.2017
(1) Basic Pay:
Designation |
Pay Band |
Clerk |
17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42660-3270/1-45930-1990/1-47920 |
Sub Staff |
14500-500/4-16500-615/5-19575-740/4-22535-870/3-25145-1000/3-28145 |
Basic Pay of Clerks and Sub Staff in tabular format:
Stages |
Clerk |
Sub-staff |
1 |
17900 |
14500 |
2 |
18900 |
15000 |
3 |
19900 |
15500 |
4 |
20900 |
16000 |
5 |
22130 |
16500 |
6 |
23360 |
17115 |
7 |
24590 |
17730 |
8 |
26080 |
18345 |
9 |
27570 |
18960 |
10 |
29060 |
19575 |
11 |
30550 |
20315 |
12 |
32280 |
21055 |
13 |
34010 |
21795 |
14 |
35470 |
22535 |
15 |
37470 |
23405 |
16 |
39200 |
24275 |
17 |
40930 |
25145 |
18 |
42660 |
26145 |
19 |
45930 |
27145 |
20 |
47920 |
28145 |
Stagnation Increments:
# |
Clerk |
Basic |
Sub Staff |
Basic |
1 |
1 after 2 yrs |
49910 |
1 after 2yrs |
29145 |
2 |
2 after 2 yrs |
51900 |
2 after 2yrs |
30145 |
3 |
3 after 2 yrs |
53890 |
3 after 2yrs |
31145 |
4 |
4 after 2 yrs |
55880 |
4 after 2yrs |
32145 |
5 |
5 after 2 yrs |
57870 |
5 after 2yrs |
33145 |
6 |
6 after 2 yrs |
59860 |
6 after 2yrs |
34145 |
7 |
7 after 2 yrs |
61850 |
7 after 2yrs |
35145 |
8 |
8 after 2 yrs |
63840 |
8 after 2yrs |
36145 |
9 |
9 after 2 yrs |
65830 |
9 after 2 yrs |
37145 |
(2) Dearness Allowance:
For details of DA paid to Clerk and Sub Staff in Bank Please Refer Bank
DA page :Click Here
Definition of Pay for DA : Basic Pay, Stagnation increments, PQP, Special Pay, Officiating Pay, Special Allowance
(3) Special Allowance:
Special Allowance which is calculated at 16.40% of basic pay per month. DA is also payable on Special Allowance. Example- Basic-₹10000, DA-50% (say). Then Special allowance will be 16.40% of ₹10000 i.e. ₹1640 and DA on Special Allowance will be 50% of ₹1640 i.e. ₹820. Special Allowance is not eligible for any retirement benefits.
(4) Special Pay:
Special pay is different from Special Allowance and paid to Clerk & Sub Staff. The rate of Special Pay is different for different role. It is fixed as given below:
Clerk |
|||
1 |
Single Window Operator |
1250 |
|
2 |
Head Cashier-II |
1940 |
|
3 |
Special Assistant |
2920 |
|
Sub-Staff |
|||
4 |
Armed Guard |
590 |
|
5 |
Daftary |
850 |
|
6 |
Head Peon |
1120 |
|
7 |
Electrical/AC Plant Helper |
3090 |
|
8 |
Driver |
3590 |
(5) House Rent Allowance:
Definition of Pay for HRA: Basic Pay, Stagnation increments, PQP, Special Pay, Officiating Pay
# |
Population |
HRA as % of basic for both Clerk & Sub Staff |
1 |
45Lakh & Above |
10.25% |
2 |
12Lakh to 45 Lakh |
10.25% |
3 |
Below 12Lakhs |
10.25% |
(6) Graduation Pay/Professional Qualification Pay:
PQP is payable to Clerks after reaching maximum in his pay scale as per the following limit:
# |
PQP |
Limit |
1 |
After 1 year |
625 |
2 |
After 2 year |
1205 |
3 |
After 3 year |
1835 |
4 |
After 4 year |
2455 |
5 |
After 5 Year |
3045 |
(7) Fixed Personal Pay:
Fixed personal pay is payable to the employees who were in Bank's service as on 01.11.1993. It was granted as one advance increment on account of computerization in the year 1993. It is payable after reaching maximum in his pay scale as per the following limit:
Clerk |
||
1 |
45Lakh & Above |
2262* |
2 |
12Lakh to 45 Lakh |
2262 |
3 |
Below 12Lakhs |
2262 |
Sub-Staff |
||
1 |
45Lakh & Above |
1140* |
2 |
12Lakh to 45 Lakh |
1140 |
3 |
Below 12Lakhs |
1140 |
* Basic Portion of FPP is 1990 for clerk and 1000 for substaff for the purpose of retirement benefits
(8) Transportation Allowance:
It is paid to Clerk and Sub-staff as per below table:
Stage |
Limit |
Upto 15th Stage of Basic Salary as “1” above |
600+DA |
From 16th Stage of Basic Salary as “1” above |
600+DA |
(9) Halting/Dime Allowance:
When no lodging expenses claimed
Population |
Clerk |
Sub-Staff |
Population of 12lakh+ and Goa |
1050 |
750 |
Population from 5lakh+ and State Capita and UT |
900 |
600 |
Other Places |
675 |
375 |
Lodging expenses* is paid as below on production of Hotel Bills:
Population |
Clerk |
Sub-Staff |
Population of 12lakh+ and Goa |
2500 |
1250 |
Population from 5lakh+ and State Capita and UT |
2000 |
1000 |
Other Places |
1500 |
750 |
*If lodging expenses are claimed then 25% of applicable halting allowance is paid as boarding charges
(10) Leave Fare Concession:
Block |
Sub-staff |
Clerk |
Two Year |
2600 KM one way by AC 3 Tier |
2200 KM one way by AC 2 Tier |
Four Year |
5200 KM one way by AC 3 Tier |
4400 KM one way by AC 2 Tier |
LFC can be availed by:
- Travel by train upto entitled distance, or
- By road or air upto the equivalent train fare amount for the admissible distance or
- Encased and a lump sum equivalent to 100% of the train fare for the admissible distance by the entitled class will be paid.
- There will no need to take any leave while encashing LFC.
- While encashing LFC, Privilege Leave also can be encashed.
- One more option will be available to choose between 4 year block and 2 year block.
- Employees can travel by steamer while on LFC and for clerks entitled class would be Class Cabin and for sub-staff II class cabin
- Employees can travel by Own Car, Shatabdi & Rajdhani trains subject to maximum permission limit.
- For definition of Family for the purpose of this scheme Click Here
(11) Compensation on Transfer
An employee on transfer from one station to another can transport his/her personal goods upto the following stipulated weights by rail or road by an IBA approved Transport Operator:
Status |
Clerk |
Sub-staff |
For married persons |
3500 kg. |
2500 kg. |
For unmarried persons |
2500 kg. |
1500 kg. |
Loss on breakage with receipt |
₹1650 |
₹1100 |
Loss on breakage without receipt |
₹1100 |
₹825 |
(12) Hill & Fuel Allowance:
Place |
Limit |
At places situated at a height of 3000 meters and above |
8% of pay Max. ₹2250pm |
At places situated at a height of and over 1500 meters but below |
4% of pay Max. ₹900pm |
At places situated at a height of over 1000 meters but less than 1500 meters and Mercara Town |
3% of pay Max. ₹750pm |
(13) Miscellaneous Allowances (Clerk & Sub-Staff)
# |
Allowance |
Limit |
a |
Washing Allowance |
₹200pm |
b |
Cycle allowance |
₹150pm |
c |
Split Duty allowance |
₹200pm |
d |
Medical Aid |
₹2355p.a. |
(14) Working Hours Excluding Lunch Time:
# |
Category |
Working Hours |
1 |
Clerks |
6h 30m |
2 |
Sub Staff |
7h 00m |
3 |
Drivers |
7h 30m |
Graduation increment in clerk post
ReplyDeleteWhat will happen if person is at stagnation and after that he gets his JAIIB and CAIIB cleared
ReplyDeleteWill he get the 2 increments or whether he gets PQP ONLY
In that case he will get 2 stagnation increment and PQP both
DeleteIn addition to pqp, stagnation increment should be advanced by 1 or 2 years for jaiib/caiib
ReplyDeleteIS A BANK CLERK ELIGIBLE FOR A JOB AS NOTIFICATION SAYING 5 YEAR EXP IN PSU IN 2400 GP?
ReplyDeleteNo
DeleteSir what is timing for substaff i.e. peon/daftary
ReplyDeleteCheck point 14
Deleteworking hours are 7 and timing may be fixed as per requirement.
Deletehttps://www.pgurus.com/bank-employees-to-strike-for-13-days-between-dec-4-jan-20-over-staff-recruitment/
ReplyDeleteif sub staff got promoted to bank clerk after clearing exam
ReplyDeleteyes if he/she is meeting minimum qualification criteria and clear the exam/test as applicable to you bank.
DeleteWhat is the salary eligibility of Authorized Empaneled temporary attender working on permanent vacancy.
ReplyDeleteWhether they are eligible for Special allowance ? or only Basic pay & HRA ?
All temporary post in Bank carry lump sum payment which includes Basic, HRA, DA etc. and no other payment is made.
DeleteAuthorized empanel temporary working on permanent vacancy are eligible for full pay of month ? or the salary will be paid after subtracting Holidays Saturday & Sundays ?
ReplyDelete