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
# |
Scales |
Pay Band |
1 |
Scale I |
23700-980/7-30560-1145/2-32850-1310/7-42020 |
2 |
Scale II |
31705-1145/1-32850-1310/10-45950 |
3 |
Scale III |
42020-1310/5-48570-1460/2-51490 |
4 |
Scale IV |
50030-1460/4-55870-1650/2-59170 |
5 |
Scale V |
59170-1650/2-62470-1800/2-66070 |
6 |
Scale VI |
68680-1960/4-76520 |
7 |
Scale VII |
76520-2120/4-85000 |
Stage |
JMG-1 |
MMG-2 |
MMG-3 |
1 |
23700 |
31705 |
42020 |
2 |
24680 |
32850 |
43330 |
3 |
25660 |
34160 |
44640 |
4 |
26640 |
35470 |
45950 |
5 |
27620 |
36780 |
47260 |
6 |
28600 |
38090 |
48570 |
7 |
29580 |
39400 |
50030 |
8 |
30560 |
40710 |
51490 |
9 |
31705 |
42020 |
52950 SI |
10 |
32850 |
43330 |
54410 SI |
11 |
34160 |
44640 |
55870 SI |
12 |
35470 |
45950 M |
57330 SI |
13 |
36780 |
47260 A |
58790 SI |
14 |
38090 |
48570 A |
|
15 |
39400 |
50030 A |
|
16 |
40710 |
51490 A |
|
17 |
42020 M |
52950 SI |
|
18 |
43330 A |
54410 SI |
|
19 |
44640 A |
55870 SI |
|
20 |
45950 A |
57330 SI |
|
21 |
47260 SI |
|
|
22 |
48570 SI |
||
23 |
50030 SI |
||
24 |
51490 SI |
Stg |
SMG-4 |
SMG-5 |
TMG-6 |
TMG-7 |
1 |
50030 |
59170 |
68680 |
76520 |
2 |
51490 |
60820 |
70640 |
78640 |
3 |
52950 |
62470 |
72600 |
80760 |
4 |
54410 |
64270 |
74560 |
82880 |
5 |
55870 |
66070 |
76520 |
85000 |
6 |
57520 |
|||
7 |
59170 |
|||
8 |
60820 SI |
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 three stagnation increments of ₹1460 /- each for every three completed years of service and a fourth stagnation increment of ₹1460/- two years after receipt of third stagnation increment. Provided that officers who have completed two years or more after receipt of the third stagnation increment will get the fourth stagnation increment with effect from 1.5.2015.
Officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III shall be eligible for four stagnation increments of ₹1460/- each for every three completed years of service and a fifth stagnation increment of ₹1460/- two years after receipt of fourth stagnation increment provided that the officers who have completed two years after receipt of the fourth stagnation increment will get the fifth stagnation increment w.e.f 1.5.2015.
Officers in SMGS-IV shall be eligible for one stagnation increment of ₹1650/-three years after reaching the maximum of scale w.e.f. 1.5.2015.
For details of DA paid to Officer in Bank Please Refer Bank DA Page
Scale |
Scale 1,2, 3 |
Scale 4,5 |
Scale 6,7 |
% of Basic |
7.75 |
10 |
11 |
# |
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% |
# |
Places |
Rate |
Limit |
1 |
Places in area 1 & Goa |
4% of Basic |
₹870 /- p.m. |
2 |
Places with population of 5lakhs+ and State Capitals & Chandigarh, Pondicherry, Port Blair |
3%
of Basic |
₹600/- p.m. |
- For Scale 1 to Scale 3- ₹8000/- p.a.
- For Scale 4 to Scale 7- ₹9050/-p.a.
# |
Increment Component |
DA as on 1.11.2012 |
Total F.P.P. payable (A+B) |
1 |
(A) |
(B) |
(C) |
2 |
1310 |
143 |
1453 |
3 |
1460 |
159 |
1619 |
4 |
1650 |
180 |
1830 |
5 |
1800 |
196 |
1996 |
6 |
1960 |
214 |
2174 |
7 |
2120 |
231 |
2351 |
- House rent recovery shall be @ 0.75 % 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 @ 0.15% of the first stage of the scale of pay in which the officer is placed.
Scales of Officers |
Metro |
Major ‘A’ Class Cities |
Area I |
Other Places |
Scale VI & above |
1800 |
1300 |
1100 |
950 |
Scale IV & V above |
1500 |
1300 |
1100 |
950 |
Scale I/II/III |
1300 |
1100 |
950 |
800 |
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 |
- ₹670/- p.m. one year after reaching top of the scale.
- ₹670/- p.m. one year after reaching top of the scale.
- ₹1680/- p.m. two years after reaching top of the scale.
Scale |
Eligibility class by train (not Rajdhani) |
Encashment per Unit for 2/4 years Block (Other than Home town Travel) |
Limit |
Scale I to III |
II AC |
4500km for one way |
₹8304 |
Scale IV and above |
I AC |
5500 for one way |
₹16750 |
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) |
Place |
Rate and Limit |
Outside the Bank |
7.75% of pay - Max.4000/- pm |
Same Place or Training Centers |
4.00% of Pay- Max.2000/- pm |
Scale |
Limit |
Scale IV and above |
20,000/- |
Scale I, II and III |
15,000/- |