Service & Condition >> SALARY SCALES

SALARY SCALES

9.1         SCALES OF PAY

 

9.1.1         Effective from 1.11.2002

 

i)          Subordinate Staff

 

4060-

105-

4270-

115-

4500-

135-

4770-

165-

5265-

195-

6045-

235-

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2

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2

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2

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3

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4

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3

 

6750-

270-

7560

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3

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ii)         Clerical Staff

 

4410-

215-

5055-

335-

6060-

470-

7940-

500-

9440-

560-

11680-

970-

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3

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3

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4

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3

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4

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1

 

12650-

560-

13210

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1

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(8TH BIPARTITE SETTLEMENT)

 

9.2               FITMENT

 

9.2.1         Fitment in the modified scales of pay shall be on a stage-to-stage basis. There shall be no change in the dates of annual increments because of the fitment.

 

9.2.2             Combined fitment chart for clerical and subordinate staff as on 01.11.2002 on account of 8th Bipartite Settlement is given at Annexure 9.1.

 

9.3         DEFINITION OF PAY

 

      Pay for the purpose of Dearness Allowance, House Rent Allowance and superannuation benefits shall mean Basic Pay, Stagnation Increments, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any.

 

            Note:

 

a)         The incremental component of Fixed Personal Pay shall rank for superannuation benefits.

 

b)                 For a workman who was in service in Area I as on 31st December 1969, and entitled to receive CCA, only that part of CCA which would have been payable to him as per the terms and conditions applicable then, shall rank for Provident Fund to the extent of 50% subject to a maximum of Rs.3O/- p.m.

 

 

 

9.4         FIXED PERSONAL PAY (FPP) (EFFECTIVE FROM 01.11.2002)

In modification of the provisions contained in Annexure - 3 to the Settlement dated 11th May 2000 on Service Conditions for Workmen Staff, Fixed Personal Pay (FPP) shall be payable, as under, with effect from the 1st November 2002 to workmen employees who joined the Banks service before 01.01.1980.

The employees, who were given one stage higher fitment as per the provisions of the Bipartite Settlement of 9th June 1989 and who reach maximum in the scale hereafter will be paid a Fixed Personal Pay as under: -

CLERICAL STAFF:

(i) One year after reaching maximum of the scale: Rs.95/- per month.

(ii) Two years after reaching the maximum: Rs. 190/- per month.

(iii) Three years after reaching the maximum in the scale as under: -

 

Area of Posting

 

Increment component of FPP to be reckoned for superannuation benefits

(Rs.) per month

Revised FPP payable where accommodation is provided by the Bank

(Rs.) per month