Final position for Officers' Pay Hike

Bank 9th Bipartite : Final position for Officers' Pay Hike.

WAGE TALKS – WHAT HAS EMERGED SO FAR

1. Scales of Pay

JMG Scale I – Rs.14500 - Rs.28100 + 2 Stg.increments of Rs.800 [available now] + 2 [new] addl.stag.increments @ Rs.900/- each

MMG II – Rs.19400 - Rs 30600 + 2 stg.incements of Rs.900 [available now]+ 2 [new] Addl.stag.@ Rs.900/- each

MMG III – Rs.25700 to Rs.31500 + 2 stag.@ Rs.900 + 2 [new] Addl.stag.@ Rs.900 each

SMG IV – Rs.30600/- - Rs.36200/-
SMG V – Rs.36200 - Rs.40400/-
TEG VI-Rs.42000 – Rs.46800
TEG VII – Rs.46800 - Rs.52000/-

2. Dearness allowance – for every 4 points rise/fall beyond 2836 points of CPI,
Dearness allowance at 0.15% per slab

3. HRA @ 8.5%; 7.5%; 6.5% on revised Pay respectively.[BP+PQA+Stg.increments] for special places, Area I, other places.

4. CCA @ same rate of 4% of BP and 3% of BP with max. at same amount ie; Rs.540/- and Rs.375/-respectively.

5. Two additional stagnation increments for Scale I, II and III officers. The first of which will be paybale from 1.11.2007 provided he/she has completed 3 years after receiving the II stagnation increment. The fourth stagnation increment will be paid 3 years after drawing 3rd stagnation increment ie; 1.11.2010 or later.


6. W.e.f. 1.5.2005 pension to officers retired during the period 1st April 1998 to 31.10.2002 will be refixed on pay definition in terms of Joint Note dated 14.12.1999 – No arrears / commutation in respect of this will be paid

7. Similarly officers who retired in service during 1.11.2002 to 30.4.2005, Pension will be refixed pay as per Joint Note dated 2.6.2005. No arrears or commutation will be payable.

8. Medical Aid – JMG & MMG – Rs.5100/= and SMG & TEG –Rs.6200/- per annum

9. Hospitalization

Upto scale III Bed charges Rs.700/- for self per day
Bed charges RS.525/- for family per day
Other charges – 125% of workmen rates

Scale IV & above Bed charges Rs.900/- for self per day
Bed charges Rs.675/- for family per day
Other charges – 150% rates of workmen eligible for other charges

10. Recovery – for rent 1.20% of first stage of pay and 0.25% for furniture of first stage of pay or standard rent which ever is lower.

11. FPP
Increment + DA as on 1.11.2007 + HRA @ applicable rates
800 58
900+ 65
1000+ 72
1100+ 79
1200+ 86
1300+ 94

12. CAIIB Part I Rs. 410/- pm
CAIIB [both parts] Rs.1030/- pm

13. Deputation Allowance
Outside the Bank – 7.75% of Basic pay with maximum of Rs.2300/ pm
Within the Bank – 4% of Basic pay with maximum of RS.1200/- pm

14. Hill Allowance
1000 meters 2% of BP max.Rs.550/ -pm
1500 meters less than 3000 meters 2.5% of BP max.Rs.680/-
3000 meters and above 5% of BP max. of Rs.1570/-

15. Halting allowance

Scale IV & above 1000 800 700
Upto Scale III 800 700 600

16. LFC
a. JMG entitled to travel by air to the eligibility I class AC
b. Dependants income Rs.3500/- pm

17. Project Area Allowance
Group A Rs.290/= pm
Group B Rs.255/- pm

18. Mid Academic Allowance Rs.700/- pm

19. Split Duty Allowance Rs.165/- pm

20. Date of effect – 01.11.2007
[ except in the case of Hospitalisation. Halting allowance, Split Duty allowance,
Mid Academic Transfer allowance and officiating allowance
where it will be effective from 1.5.2010 ]

Source : All India Bank Officers' Association