Achievements - Present Wages & Service Conditions - Settlements so far -(bank employees)

Salient Features of Present Wages & Service Conditions

         

1. PAY SCALES:  (Constructed by Merger of D.A. up to 2288 points)

Clerks	4410 - 215/3 - 5055 - 335/3 - 6060 - 470/4 - 7940 - 500/3 - 9440 - 560/4 - 11680 - 970/1 - 12650 - 560/1 - 13210
Sub-staff	4060 - 105/2 - 4270 - 115/2 - 4500 - 135/2 - 4770 - 165/3 - 5265 - 195/4 - 6045 - 235/3 - 6750 - 270/3 - 7560

STAGE	CLERKS		SUB-STAFF
	7th BP	8th BP	7th BP	8th BP
1	3020	4410	2750	4060
2	3155	4625	2805	4165
3	3290	4840	2860	4270
4	3425	5055	2935	4385
5	3650	5390	3010	4500
6	3875	5725	3100	4635
7	4100	6060	3190	4770
8	4420	6530	3300	4935
9	4740	7000	3410	5100
10	5060	7470	3520	5265
11	5380	7940	3650	5460
12	5720	8440	3780	5655
13	6060	8940	3910	5850
14	6400	9440	4040	6045
15	6780	10000	4190	6280
16	7160	10560	4340	6515
17	7540	11120	4490	6750
18	7920	11680	4660	7020
19	8600	12650	4830	7290
20	8980	13210	5000	7560
21	9360	13770	5170	7830
22	9740	14330	5340	8100
23	10120	14890	5510	8370
24	10500	15450	5680	8640
25	10880	16010	5850	8910
26	*	16570	*	9180

2. STAGNATION INCREMENT:

8th Bipartite Settlement – 6 Stagnation Increments w.e.f. 01-11-2002
7th Bipartite Settlement – 5 Stagnation Increments
 

3. DEARNESS ALLOWANCE:

Rates from 01.11.2002 to 31.01.2005

On 8th BP Pay Amount	% per slab
For Pay up to Rs.9650	0.18%
Plus  For Balance up to Rs.15350	0.15%
Plus  For Balance up to Rs.16350	0.09%
Plus  For Balance	0.04%

From Feb. 2005 - 100% D.A. compensation at all stages i.e. 0.18% per slab for entire Pay.

4. CITY COMPENSATORY ALLOWANCE:

(Same Rates and Same Centres but Minimum & Maximum Revised)

For Clerks	8th Bipartite	7th Bipartite
Higher CCA Centres i.e. 12 lacs and above	4% of Basic Pay Min. Rs.175   Max Rs.375	4% of Basic Pay Min. Rs.125     Max Rs.250
Lower CCA Centres i.e. 5 – 12 lacs	3% of Basic pay Min. Rs.145   Max Rs.300	3% of Basic pay Min. Rs.100     Max Rs.200
For Substaff	8th Bipartite	7th Bipartite
Higher CCA Centres i.e. 12 lacs and above	4% of Basic Pay Max Rs.270	4% of Basic Pay Max Rs.175
Lower CCA Centres i.e. 5 – 12 lacs	3% of Basic pay Max Rs.190	3% of Basic pay Max Rs.125

5. HOUSE RENT ALLOWANCE:

A new HRA Centre with population of 45 lacs and above is added as Mega Centre.  Centres covered are Mumbai, Delhi, Kolkatta, Chennai, Bangalore, Hyderabad and Ahmedabad.

Place	8th BP	7th BP
45 lacs and above	8. 50  %	8.50 %
12 to 45 lacs	7. 50  %	8.50 %
2 to 12 lacs	6. 50  %	7.50 %
Less than 2 lacs	6. 00  %	6.50 %

6. TRANSPORT ALLOWANCE:

Rs.105/- per month (Rs.65/- per month under 7th BP)

7. PROFESSIONAL QUALIFICATION PAY:

	8th Bipartite	7th Bipartite
For Graduation	Rs.180, 360	Rs.121, 242
For JAIIB	Rs.180	Rs.129
For CAIIB	Rs.180, 360	Rs.129, 258, 387
For Graduation plus CAIIB (After 1,2,3,4, 5 years)	Rs.180, 360, 540, 720 and 900.	Rs.121, 242, 371, 500 and 629.

(1) Those who pass Graduation or CAIIB II when they are in 19^th stage will be given one increment and one PQP and balance PQP in one year intervals thereafter.

(2)  Those who pass Graduation/JAIIB/CAIIB after reaching 20^th stage will also be given PQP as above. 

(3)  Direct Post graduation will be treated as Graduation and given two increments.

8. FIXED PERSONAL PAY:

Place	Clerks 8th BP	Clerks 7th BP	Sub-staff 8th BP	Sub-staff 7th BP
45 lacs and above	635	429	310	194
12 to 45 lacs	630	429	305	194
2 to 12 lacs	625	425	300	192
Less than 2 lacs	620	421	295.	190

9. SPECIAL PAY:

Sub-staff	8th BP	7th BP
Cash Peon	255	178
Liftman	255	178
Watchman	255	178
Armed Guards	430	300
Daftary	505	352
Head Peon	580	406
Head Messenger in IOB	990	690
Electrician	1170	816
A/C Plant Helper	1170	816
Driver	1320	923

Clerks	8th BP	7th BP
Telephone Operator	155	108
Audit Clerk Category "A"	260	182
Audit Clerk Category "B"	490	343
Agricultural Assistant	370	258
Asst. Head Cashier-5 clerks & above	475	331
Stenographer	745	522
Teller Category "B"	840	587
Computer Operator	910	633
Head Cashier "D"	925	648
Head Cashier "E"	1300	906
Special Assistant **	1600	971
Computer Operator with passing powers	1100	*

(1)  Computer Operator with passing powers is a new post with effect from the date of settlement.  (2)  For Special Assistant, the allowance payable shall be Rs.1400/- from 01.11.2002 up to the date of settlement and Rs.1600/- thereafter.

The following posts are discontinued with effect from date of settlement but existing recipients will continue to get the allowance.

Sub-staff	8th BP	7th BP
Bill Collectors	430	300
Relieving Liftman	155	107
Cyclostyle Machine Operator	205	145

Clerks	8th BP	7th BP
Cashier in charge of cash in Pay Office	500	351
Head Cashier "A" -4 clks & below	500	351
Head Cashier "A" -5 clks & above	660	460
Head Cashier "B" -4 clks & below	595	415
Head Cashier "B" -5 clks & above	745	522
Head Cashier "C"	835	585
Relieving Telephone Operator	80	56
Asst. Head Cashier-4 clks & below	330	232
Teller Category "A"	500	351
Encoder Operator	540	378
Data Entry Operator	630	440
Accounting  Machine Operator	660	460
ALPM/AEAM Operator	770	540
Comptist	305	213
Telex Operator	385	269
Punch Card Operator	425	298
Head Clerk	745	522
IBM/ICT Machine Operator	745	522

10. LEAVE FARE CONCESSION:

Distance	8th BP	8th BP	7th BP	7th BP
	4 year Block	2 year Block	4 year Block	2 year Block
Clerical	3500 KM	1750 KM	3000 KM	1500 KM
Substaff	4500 KM	2250 KM	3400 KM	1700 KM

• Entitled Class: Sub-staff - Sleeper Class  Clerks - First Class.

• Clerical Employees traveling by air will be reimbursed Ac 2 tier charges.

• For travel by Shatabdi / Rajdhani trains, reimbursement will be upto AC 2 tier.

• Option will be given to choose between 2 / 4 years block.

• Travel by any mode of approved transport including taxi will be permitted.

• Optional encashment of LFC and amount will be 75% of the entitlement / eligibility along with leave encashment.

• Employees to be on leave for minimum 4 days while encashing LFC.

11. Halting/DIEM Allowance:

	Higher CCA Centres	Lower CCA Centres	Non CCA Centres
Clerical Staff	Rs.400/- per diem (7th – Rs.190/-)	Rs.300/ per diem (7th – Rs.145/-)	Rs.250/- per diem (7th – Rs.125/-)
Subordinate Staff	Rs.300 /- per diem (7th – Rs.150/-)	Rs.200/- per diem (7th – Rs.100/-)	Rs.150/- per diem (7th – Rs.80/-)

12. Hill and Fuel Allowance:

	8th BP	7th BP
Places with 3000 meters and above	8% max. Rs.950	10% max. Rs.750
1500 – 3000 meters	4% max. Rs.375	5% max. Rs.260
1000 – 1500 meters	3% max. Rs.300	4% max. Rs.220

13. Project Area Compensatory Allowance:

		8th BP	7th BP
‘A’ Area	Clerk	Rs.150	Rs.100
	Sub-Staff	Rs.130	Rs.80
‘B’ Area	Clerk	Rs.130	Rs.80
	Sub-Staff	Rs.110	Rs.60

14. Cash Medical Aid:

Rs.1,500/- per year for all Clerks and Sub-staff (7th BP - Rs.1,000/- & Rs.1,200/-)

15. Washing Allowance:

Rs.75/- p.m. at all centres (7^th BP Rs.50/- p.m.)

16. Cycle Allowance:

Rs.60/- p.m. at all centres (7th BP Rs.45/35 p.m.)

17. Split Duty Allowance:

Rs.90/- p.m. at all centres (7th BP Rs.75/60 p.m.)

18. Provident Fund:

10% of Pay.

19. Pension:

For Employees retired between April, 1998 and October, 2002: 50% of the Pay as per 7th BP.

For Employees retired between November, 2002 and April, 2005: 50% of the Pay as per 8th BP.

For Employees retired/retiring from May, 2005: 50% of the Pay as per 8th BP.

This higher Pension will be paid from 1st May, 2005.

Source - AIBEA