Public sector bank branches to close on second and fourth Saturdays from July http://mybs.in/2RvUS1X
May 25, 2015
May 20, 2015
Pay Scale Distribution For Award Staffs
Today, the distribution chart has been signed between IBA and our Unions covering the allocation to various heads. Payscales and Allowances are as under:
A. Pay Scales: from 1-11-2012
Clerk: 11765 – 655/3 –815/3 –980/3 –1145/7 –2120 –1310/1– 31540 – 1310 x 8 = 42,020
Substaff : 9560 – 325/4 – 410 /5 – 490/4 – 570/3 – 655/3 – 18545 – 655 x 8 = 23785
Stagnation increments: 8 : Substaff: 8 x 2 years ; Clerk : 5 x 3 years + 3 x 2 years
B. Dearness Allowance: 0.10 % per slab of 4 points over 4440 points
C. HRA : 45 lacs and above: 10 % ; 12-45 lacs & Goa : 9 % ; other centres : 7.5 %
D. Transport Allowance: upto 15th Stage : Rs. 425 and others : Rs. 470
E. Special Pay:
i) SWO-B: 820; Head cashier: 1280; Spl. Asst. 1930
ii) Armed Guard/Bill Collector: 390; Daftary: 560; Head Peon: 740;
Driver: 2370; Electrician/AC Plant Helper: 2040, Head messenger in IOB: 1630
F. PQP : Rs. 410, 800, 1210 , 1620, 2010
G. FPP : Clerk: Rs. 1310 / 1580, 1570, 1550, 1550 / 1450
Substaff: Rs. 655 / 790, 890, 780, 780 / 730
H. Medical Aid : Rs. 2200 per year
I. Special Allowance ( new allowance ) :
7.75 % of Basic pay; DA is payable on this allowance
The full Settlement is under preparation and is expected to be signed on the 25th May, 2015 (Monday).
Flash: Yesterday, RBI has given its in principle ok for implementing Full holidays on 2nd and 4th Saturday. Matter is being expedited with the Government now
Yours comradely,
May 19, 2015
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