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11th BPS Salary- Officer

 

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 Emplyee’s/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/Joint Note which was signed on 11.11.2020 effective from 01.11.2017

(1) Basic Salary Slab:

#

Scales

Pay Band

1

Scale I

36000-1490/7-46430-1740/2-49910-1990/7-63840

2

Scale II

48170-1740/1-49910-1990/10-69810

3

Scale III

63840-1990/5-73790-2220/2-78230

4

Scale IV

76010-2220/4-84890-2500/2-89890

5

Scale V

89890-2500/2-94890-2730/2-100350

6

Scale VI

104240-2970/4-116120

7

Scale VII

116120-3220/4-129000

Basic Salary Chart with Scale-I to Scale- VII with Stagnation Increment:

Stage

JMG-1

MMG-2

MMG-3

SMG-4

SMG-5

TMG-6

TMG-7

1

36000

48170

63840

76010

89890

104240

116120

2

37490

49910

65830

78230

92390

107210

119340

3

38980

51900

67820

80450

94890

110180

122560

4

40470

53860

69810

82670

97620

113150

125780

5

41960

55880

71800

84890

100350

116120

129000

6

43450

57870

73790

87390

103320SI

 

 

7

44940

59860

76010

89890


 

 

8

46430

61850

78230

92390SI


 

 

9

48170

63840

80450SI

95120SI

 

 

 

10

49910

65830

82670SI


 

 

 

11

51900

67820

84890SI


 

 

 

12

53890

69810M

87110SI


 

 

 

13

55880

71800A

89610SI


 

 

 

14

57870

73790A

92110SI

 

 

 

 

15

59860

76010A


 

 

 

 

16

61850

78230A


 

 

 

 

17

63840M

80450SI


 

 

 

 

18

65830A

82670SI


 

 

 

 

19

67820A

84890SI


 

 

 

 

20

69810A

87110SI


 

 

 

 

21

71800SI

89330SI  


 

 

 

 

22

73790SI



 

 

 

 

23

76010SI



 

 

 

 

24

78230SI



 

 

 

 

25

80450SI



 

 

 

 

M= Maximum of Present Scale

SI= Stagnation Increment

A= Annual Increment as per regulation 5(b)

Regulation 5(b)- "Officers in Scale I and Scale II, one year after reaching the maximum in their respective scales, shall be granted further increments including stagnation increments in the next higher scale only as specified under subject to their crossing the efficiency bar as per guidelines of the Government."

  

 

Stagnation Increments:

Officers in JM Grade Scale I who have moved to scale of pay for MMG Scale II in terms of Regulation 5(b) after reaching maximum of the higher scale shall be eligible for five stagnation increments for every two completed years of service of which first two shall be ₹1990/- each and next two shall be ₹2220/- each. The fifth stagnation increment of ₹2220/- will be released two years after the receipt of fourth stagnation increment or w.e.f. 01.11.2017 whichever is later.


Officers in MMG Scale II who have moved to scale of pay for MMG Scale III in terms of Regulation 5(b) after reaching maximum of higher scale shall be eligible for five stagnation increments. First four stagnation increment of ₹2220/- will be released after every two completed years of service after reaching maximum on the higher scale. The fifth stagnation increment of ₹2220/- will be released two years after the receipt of fourth stagnation increment or w.e.f. 01.11.2017 whichever is later.

 


Officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III shall be eligible for six stagnation increments. First four stagnation increment of ₹2220/- will be released after every two completed years of service. The fifth stagnation increment of ₹2500/- will be released two years after the receipt of fourth stagnation increment. The sixth stagnation increment of ₹2500/- will be released two years after the receipt of fifth stagnation increment or w.e.f. 01.11.2017 whichever is later.


Officers in SMGS-IV shall be eligible for two stagnation increment of ₹2730/- each two years after reaching the maximum of scale w.e.f. 01.11.2017.

 

Officers in SMGS-V shall be eligible for one stagnation increment of ₹2970/- two years after reaching the maximum of scale w.e.f. 01.11.2020.

 (2) Dearness Allowance:

For details of DA paid to Clerk and Sub Staff in Bank Please Refer Latest Bank DA Page-Click Here


(3) Special Allowance: 

With the signing of 10th Bipartite Settlement, IBA has introduced an allowance called Special Allowance which is calculated as a % of basic pay per month. DA is also payable on Special Allowance. Special Allowance is not eligible for any retirement benefits.


Scale

Scale 1,2, 3

Scale 4,5

Scale 6,7

% of Basic

16.4

19

20

 

(4) House Rent Allowance: 

HRA is paid as a % of basic as per the following limits 

 #

Population

HRA as % of basic for all officers

1

Metro and Major 'A' Class cities

9.00%

2

Area 1 Cities

8.00%

3

All other places

7.00%

 (5) City Compensatory Allowance:

 

#

Places

Limit

1

Places in area 1 & Goa

₹1400/- p.m.

2

Places with population of 5lakhs+ and State Capitals & Chandigarh, Pondicherry, Port Blair

₹1150/- p.m.

 

(6) Location Allowance for Non- CCA Centers:

W.e.f. 01.11.2017 a fixed allowance of 700/- p.m. is payable to all officers posted in areas other than that are eligible for CCA. This allowance is not eligible for DA,Pension etc. 

 

 (7) Medical Aid:

  • For Scale 1 to Scale 3- ₹10300/- p.a.
  • For Scale 4 to Scale 7- ₹12300/-p.a.

 

(8) Learning Allowance:

W.e.f. 01.11.2017 Officers shall be paid Learning Allowance of ₹600/- together with applicable DA thereon

 

(9) Fixed Personal Pay:

Fixed personal pay is payable to the employees who were in Bank's service as on 01.11.1993. It is payable to the officers who are provided with Bank's accommodation. It is payable after reaching maximum in his pay scale as per the following limit:

Increment Component

DA as on 1.11.2017

Total F.P.P. payable (A+B)

(A)

(B)

(C)

1990

53

2043

2220

59

2279

2500

66

2566

2730

73

2803

2970

79

3049

3220

86

3306

 

 (10) Recovery of House/Furniture Rent:


  • House rent recovery shall be @ 0.50 % of the first stage of the scale of pay in which the officer is placed or the standard rent for the accommodation, whichever is less.

  • Furniture rent recovery shall be @ 0.10% of the first stage of the scale of pay in which the officer is placed.

 

(11) Halting Allowance:

Scales of Officers

Metro

Major ‘A’ Class Cities

Area I

Other Places

Scale VI & above

2700

1950

1650

1425

Scale IV & V above

2250

1950

1650

1425

Scale I/II/III

1950

1650

1425

1200

 

 

(12) Lodging Expenses:

Scales of Officers

Major ‘A’ Class Cities

Area I

Other Places

Scale VI & VII

6800

3400

3000

Scale VI & V

4000

2400

2000

Scale II & III

2400

1600

1200

Scale I

1600

1200

800

  

 (13) Professional Qualification Pay (PQP):

Those who have passed only CAIIB – Part I / JAIIB

  •  ₹1020/- p.m. one year after reaching top of the scale.

Those who have passed both parts of CAIIB –

  • ₹1020/- p.m. one year  after reaching top of the scale.
  • ₹2550/- p.m. two years after reaching top of the scale.

 

(14) Leave Travel Concession (LTC):

During each block of 4 years, an officer shall be eligible for leave travel concession for travel to his place of domicile once in each block of two years. Alternatively, he may travel in one block of two years to his place of domicile and in another block of two years to any place in India by the shortest route. For definition of Family for the purpose of this scheme please Click Here . Now w.e.f. 20.10.2023, IBA has approved both husband and wife to avail LFC even if they are working in the same Bank. For detailed circular please Click Here

 

(15) Encashment of LTC:

Scale

Eligibility class by train (not Rajdhani)

Encashment per Unit for 2/4  years Block (Other than Home town Travel)

Scale I to III

II AC

4500km for one way

Scale IV and above

I AC

5500 for one way

30 days PL can also be encashed in a block of 4 years

 

(16) Mode of Travel:

Scale

Mode of Travel

Scale 1

1st class or AC II tier sleeper or by air (economy class, if permitted by competent authority)

Scale 2,3

1st class or AC II tier sleeper or by air (economy class) if distance is beyond 1000 kms

Scale 4,5,6,7

AC 1st Class or by Air (economy class)

 

 (17) Deputation Allowance:

Place

Rate and Limit

Outside the Bank

7.75% of pay - Max.6000/- pm

Same Place or Training Centers

4.00% of Pay- Max.3000/- pm


(18)  Compensation on Transfer:


Scale

Limit

Scale IV and above

30,000/-

Scale I, II and III

25,000/-

 

 (19) Hill & Fuel Allowance:

#

Places

Rate and Limit

1

Places with an altitude of 1000 meters and above but less than 1500 meters and Mercara Town

2% of Pay, maximum 1125/- pm

2

Places with an altitude of 1500 meters and above but less than 3000 meters

2.5% of Pay, maximum 1500/- pm

3

Places with an altitude of 3000 meters and above

5% of Pay, maximum 3000/- pm


(20) Closing Allowance: 

A closing allowance of ₹250/- is payable to all officers except those working in administrative offices. This may vary from bank to bank.

 

(21) Mid Academic Year Transfer Allowance: 

Mid Academic Year Transfer Allowance shall be payable at 1650/- p.m. This may vary from bank to bank.

 

(22) Project Area Allowance:

Project Areas Falling in Group A

₹600/-

Project Areas Falling in Group B

₹525/-

 

(23) Split Duty Allowance:

Split Duty allowance shall be a payable at ₹300/- 

 

(24)  Travel by own Car:

Any travel  for Bank work which is not covered under any other scheme will be paid as below:

  • Cars (1000cc and above) - ₹9.00/km
  • Cars (less than 1000cc)- ₹7.00/km
  • M/cycle, Scooter- ₹4.50/km
  • Moped- ₹3.00/km

 

(25) Officiating Allowance:

Payable @6% on performing duties attached to higher post (Scale), provided that officiating is minimum 7 days a month or 7 days continuous period. It is also eligible for PF.

 

(26) Conveyance Allowance to Blind and Ortho Handicapped:

Payable at @5% of Basic, max. ₹400-/ p.m.