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10th 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 represents 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

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



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


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






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

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








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 four stagnation increments for every three completed years of service of which first two shall be ₹1310/- each and next two ₹ 1460/- each.

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.



(2) Dearness Allowance

For details of DA paid to Officer in Bank Please Refer Bank DA Page


(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

7.75

10

11




(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

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.




(6) Medical Aid
  • For Scale 1 to Scale 3- ₹8000/- p.a.
  • For Scale 4 to Scale 7- ₹9050/-p.a.


(7) 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 1.11.2012

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

 

(8) Recovery of House/Furniture Rent
  • 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.

(9) Halting Allowance

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




(10) 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





(11) Professional Qualification Pay:

Those who have passed only CAIIB – Part I / JAIIB
  •  ₹670/- p.m. one year after reaching top of the scale.

Those who have passed both parts of CAIIB –
  • ₹670/- p.m. one year  after reaching top of the scale.
  • ₹1680/- p.m. two years after reaching top of the scale.



(12) 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




(13) Encashment of LTC

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



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

(14)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)





(15) Deputation Allowance


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




(16) Compensation on Transfer

Scale

Limit

Scale IV and above

20,000/-

Scale I, II and III

15,000/-





(17) Hill and Fuel Allowance:
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