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. The present salary structure of Award
Staffs in Banking Industry is governed by the 12th Bipartite
Settlement which was signed on 08.03.2024 effective from 01.11.2022.
With the introduction of this settlement, award staff designations have been changed as mentioned below:
|
# |
Old Designation |
New Designation |
|
1 |
Clerk/ SWO A & B |
Customer Service Associate (CSA) |
|
2 |
Head Cashier |
Senior Customer Service Associates (Cash) |
|
3 |
Special Assistant |
Special Customer Service Associates |
|
4 |
Sub-Staff/ Peon |
Office Assistant |
|
5 |
Bill Collector / Daftary |
Senior Office Assistant |
|
6 |
Head Peon |
Special Office Assistant |
|
7 |
Armed Guard |
Armed Guard/ Security Guard |
|
8 |
Electrician / AC Plant helper |
Office Assistant (Tech) |
|
9 |
Sweeper/ Safaikarmchari |
Housekeeper (HK) |
|
10 |
Part time sweeper |
Part Time Housekeeper (PTHK) |
(1) Basic Pay:
|
Pay Band |
|
|
Clerk |
24050-1340/3-28070-1650/3-33020-2000/4-41020-2340/7-57400-4400/1-61800-2680/1-64480 (20 Years) |
|
Sub Staff |
19500-665/4-22160-830/5-26310-990/4-30270-1170/3-33780-1345/3-37815 (20 Years) |
Basic Pay of Clerks and Sub Staff in tabular format:
|
Stages |
Clerk |
Sub-staff |
|
1 |
24050 |
19500 |
|
2 |
25390 |
20165 |
|
3 |
26730 |
20830 |
|
4 |
28070 |
21495 |
|
5 |
29720 |
22160 |
|
6 |
31370 |
22990 |
|
7 |
33020 |
23820 |
|
8 |
35020 |
24650 |
|
9 |
37020 |
25480 |
|
10 |
39020 |
26310 |
|
11 |
41020 |
27300 |
|
12 |
43360 |
28290 |
|
13 |
45700 |
28280 |
|
14 |
48040 |
30270 |
|
15 |
50380 |
31440 |
|
16 |
52720 |
32610 |
|
17 |
55060 |
33780 |
|
18 |
57400 |
35125 |
|
19 |
61800 |
36470 |
|
20 |
64480 |
37815 |
(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, Graduation
Pay/ PQP, Special Pay, Officiating Pay, Special Allowance, Transport Allowance
(3) Special Allowance:
Special Allowance which is calculated at 26.50% of basic pay per month. DA is also payable on Special Allowance. Example- Basic-₹10000, DA-20% (say). Then Special allowance will be 26.50% of ₹10000 i.e. ₹2650 and DA on Special Allowance will be 20% of ₹2650 i.e. ₹530. Special Allowance is not eligible for any retirement benefits.
(4) Special Pay:
Special pay is different from Special Allowance and paid to Award Staff. The rate of Special Pay is different for different roles. It is fixed as given below:
|
|
Posts |
w.e.f. 01.11.2022 |
w.e.f. 01.04.2024 |
|
1 |
Customer Service Associates |
1680 |
1970 |
|
2 |
Senior Customer Service Associates (Cash) |
2605 |
3050 |
|
3 |
Special Customer Service Associates |
3925 |
4600 |
|
Posts |
w.e.f. 01.11.2022 |
|
|
1 |
Armed Guard |
795 |
|
2 |
Senior Office Assistant |
1145 |
|
3 |
Special Offic Assistant |
1505 |
|
4 |
Offic Assistant (Tech)- Electrician |
4150 |
|
5 |
Offic Assistant (Tech)- AC Plant Operator |
4150 |
|
6 |
Driver |
4825 |
|
7 |
Head Messenger in IOB |
3320 |
(5) House Rent Allowance:
Definition of Pay for HRA: Basic
Pay, Stagnation increments, Graduation/ PQP, Special Pay, Officiating Pay
|
# |
Population |
HRA as % of basic for both Clerk & Sub Staff |
|
1 |
At all centers |
10.25% |
(6) Graduation Pay/Professional Qualification Pay:
For non-subordinate staff: Graduation Pay/PQP payable after reaching maximum in his pay scale (20th Stage) as per the following limit:
|
1 |
For Graduation |
|
|
|
Rs.820pm |
After they complete 1 year |
|
|
Rs.1640pm |
After they complete 2 years |
|
2 |
For JAIIB |
|
|
|
Rs.820pm |
After they complete 1 year |
|
3 |
For JAIIB and CAIIB |
|
|
|
Rs.820pm |
After they complete 1 year |
|
|
Rs.1640pm |
After they complete 2 years |
|
|
Rs.2460pm |
After they complete 3 years |
|
4 |
For Graduation and JAIIB |
|
|
|
Rs.820pm |
After they complete 1 year |
|
|
Rs.1640pm |
After they complete 2 years |
|
|
Rs.2460pm |
After they complete 3 years |
|
5 |
For Graduation, JAIIB and CAIIB |
|
|
|
Rs.820pm |
After they complete 1 year |
|
|
Rs.1640pm |
After they complete 2 years |
|
|
Rs.2460pm |
After they complete 3 years |
|
|
Rs.3280pm |
After they complete 5 years |
|
|
Rs.4100pm |
After they complete 5 years |
For Subordinate staff: Graduation Pay/PQP payable after reaching maximum in his pay scale (20th Stage) as per the following limit:
|
1 |
For JAIIB |
|
|
|
Rs.820pm |
After they complete 1 year |
|
2 |
For JAIIB and CAIIB |
|
|
|
Rs.820pm |
After they complete 1 year |
|
|
Rs.1640pm |
After they complete 2 years |
|
|
Rs.2460pm |
After they complete 3 years |
(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:
|
|
Area of Posting |
Total FPP payable where Bank’s accommodation is not provided |
Total FPP payable where Bank’s accommodation is provided |
Increment Component of FPP |
|
Clerks |
||||
|
1 |
At all Centers |
3155 |
2880 |
2680 |
|
Sub-Staff |
||||
|
1 |
At all Centers |
1585 |
1445 |
1345 |
(8) Transportation Allowance:
It is paid to Clerk and Sub-staff as per below table:
|
Category of Employee |
Amount |
|
All Clerical and Subordinate Staff |
850pm with applicable DA thereon |
(9) Halting/Dime Allowance and Lodging Expenses:
(a)Halting Expenses:
|
Places |
Clerk |
Sub-Staff |
|
Population of 12lakh+ and Goa |
1500 |
1100 |
|
Population from 5lakh+ and State Capita and UT not covered above |
1350 |
900 |
|
Other Places |
1000 |
600 |
(b) Lodging Expenses:
|
Places |
Clerk |
Sub-Staff |
|
Population of 12lakh+ and Goa |
3000 |
1500 |
|
Population from 5lakh+ and State Capita and UT not covered above |
2500 |
1250 |
|
Other Places |
2000 |
1000 |
(10) Leave Fare Concession:
|
Block |
Sub-staff
|
Clerks |
|
2 years block |
2700kms one way by AC 3 Tier |
2350kms one way by AC 2 Tier |
|
4 years block |
5400kms one way by AC 3 Tier |
4700kms one way by AC 2 Tier |
LFC can be availed by:
- Travel by train upto entitled distance or encashment of a lump sum equivalent to 100% of the train fare for the admissible distance by the entitled class will be paid.
- Reimbursement of fare by special trains like Rajdhani/Shatabdi/ Tejas/ Vande Bharat/ Amrit Bharat etc. (except luxury trains) shall be allowed.
- Where LFC is sanctioned and advance booking is not possible, then tickets purchased under Tatkal / Premium Tatkal will be reimbursed.
- Where LFC is applied in advance and booking is also done but later LFC is declined by management, the cancellation charges will be reimbursed by Bank.
- There will be no need to take any leave while encashing LFC.
- While encashing LFC, Privilege Leave also can be encashed.
- Employees can travel by steamer while on LFC and for clerks entitled class would be I Class Cabin and for sub-staff II class cabin
- 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:
|
Particulars |
Clerk |
Sub-staff |
|
For married persons |
3000 kg. |
2000 kg. |
|
For unmarried persons |
2000 kg. |
1150 kg. |
|
Loss on breakage with receipt |
₹2000 |
₹1400 |
|
Loss on breakage without receipt |
₹1400 |
₹1000 |
(12) Hill & Fuel Allowance:
|
Particulars |
Amount |
|
Places situated at a height of 3000 meters and above |
8% of pay Max. ₹2850pm |
|
Places situated at a height of and over 1500 meters but below |
4% of pay Max. ₹1150pm |
|
At places situated at a height of over 1000 meters but less than 1500 meters and Mercara Town |
3% of pay Max. ₹950pm |
(12) Deputation Allowance:
|
Place |
Rate and Limit |
|
Outside the Bank at place other than the present place of posting |
7.75% of pay - Max. ₹3750/- pm |
|
Outside the Bank at same place or Training Centres |
4.00% of Pay- Max. ₹1875/- pm |
(14) Officiating Pay:
W.e.f. 01.04.2024, a workman, who is officiating in a higher post for a minimum 4 days at a time or an aggregate of 4 days during the calendar month, shall receive an officiating pay equal to 15% of his basic pay of person officiating on pro rata basis for the period for which he officiates.
(15) Eye Check-up allowance:
All employees shall be allowed reimbursement of ₹500/- per year towards annual eye check-up
(16) Miscellaneous Allowances (Clerk & Sub-Staff):
|
Particulars |
Amount |
|
Washing Allowance w.e.f. 01.04.2024 |
₹200pm |
|
Cycle/ Two-Wheeler allowance w.e.f. 01.04.2024 |
₹150pm |
|
Medical Aid w.e.f. 01.11.2022 |
₹2830p.a. |
*Working
Hours for Clerk are 6 hours and 30 Minutes excluding Lunch time
*Working Hours for Sub Staff are 7 hours excluding Lunch time
Reference - Indian Bank's Association Website >12th BPS
12th Bipartite Settlement was signed on 08.03.2024 by Indian Banks' Association and Workmen Unions. To access the 12th BPS directly, please Click Here
Graduation advance increment available for bank substaff??
ReplyDelete