March 4, 2015

Bank Employees

RBI SLASHES REPO RATES

February 27, 2015

ALLOWANCES EXISTING AND REVISED

-- AWARD STAFF --
Allowance EXISTING. REVISED
D. A.
0.15% per slab on the pre-revised basic pay
0.15% per slab on the revised basic pay
H.R.A.
10%/9%/7.5%/7% of the present basic pay depending on the population group
25%20%/15%/10% of the revised basic pay depending on the population group
C.C.A.
No CCA is payable as of now.
6% for lower CCA centres and 8% for higher CCA centres, without any ceiling
PQP/ Graduation Pay
Rs.250/- p.m. after 1 year
Rs.490/- p.m. after 2 years
Rs.740/- p.m. after 3 years
Rs.990/- p.m. after 4 years
Rs.1230/- p.m. after 5 years.
Equal to the last increment drawn
Equal to the last 2 increments drawn
Equal to the last 3 increments drawn
Equal to the last 4 increments drawn
Equal to the last 5 increments drawn
FPP
Clerks – Rs.915 to Rs.940.
Sub-staff - Rs.460 to Rs.470.
Equal to the last increment drawn
Transport Allowance
For both Clerks and Sub-staff -
Up to 15th stage of the scale of Pay -
Rs. 225/- per month
16th stage of the scale of Pay and above - Rs.275/- per month
Clerks - 15 Litres of petrol
Sub-staff - 12 Litres of petrol
Consequent to this revision, no conveyance expenses for any purpose (except for cash remittances) will be payable separately, for travel within the distance of 8 Kms from the branch/
office. For this purpose, commutation between home and office will not be reckoned as travel on duty.
Medical Aid
For both Clerks and Sub-staff – Rs.2,000
For Clerks – Rs.6,000
For Sub-staff – Rs.4,500
LFC – Once in 2 Years
Distance - Clerks – 2000 Kms
Sub-staff - 2500 Kms
Eligible Class of Travel –
Clerks – A.C. 2 Tier
Sub-staff - A.C. 3 Tier
Distance - Clerks – 2500 Kms
Sub-staff - 2500 Kms
Eligible Class of Travel –
Clerks – A.C. 2 Tier
Sub-staff - A.C. 3 Tier
LFC – Once in 4 years
Distance - Clerks – 2000 Kms
Sub-staff - 2500 Kms
Eligible Class of Travel –
Clerks – A.C. 2 Tier
Sub-staff - A.C. 3 Tier
Distance - Clerks – 5000 Kms
Sub-staff - 5000 Kms
Eligible Class of Travel –
Clerks – A.C. 2 Tier
Sub-staff - A.C. 3 Tier
Halting Allowance
Clerks – Rs.300/Rs.375/Rs.500
Sub-staff - Rs.185/Rs.250/Rs.375
Clerks – Rs.450/Rs.600/Rs.800
Sub-staff - Rs.300/Rs.450/Rs.600
Washing Allowance (for Sub-staff)
Rs.100 per month.
Rs.300 per month.
Split Duty Allowance
Rs.75 per month.
Clerks - Rs.375 per month.
Sub-staff – Rs.250 per month.
Cycle Allowance (for Sub-staff)
Rs.75 per month.
In view of the enhanced transport allowance as stated above, cycle allowance stands withdrawn.

NEW BASIC AND ARREAR FOR BANK OFFICERS

Basic+ 60.15% = New Pay * 2% = New Basic &
13% will be distributed as HRA, CCA & other salary slip components .......
Old BP New NP Incrse Arrear
14500 26700 5127 138429
15100 27800 5332 143964
15700 28900 5538 149526
16300 30000 5744 155088
16900 31100 5949 160623
17500 32200 6156 166212
18100 33300 6361 171747
18700 34400 6566 177282
19400 35700 6829 184383
20100 37000 7091 191457
20900 38500 7410 200070
21700 40000 7728 208656
22500 41400 7914 213678
23300 42900 8233 222291
24100 44400 8551 230877
24900 45900 8870 239490
25700 47300 9055 244485
26500 48800 9374 253098
27300 50300 9693 261711
28100 51800 10011 270297
28900 53200 10197 275319
29700 54700 10515 283905
30600 56400 10890 294030
31500 58200 11189 302103
Exclusive of Arrear for sat...

‪‎Wage‬ ‪‎Revision‬ ‪‎X Bipartite‬ ‪‎Settlement‬ : Calculations

Old ‪#‎Basic‬ ‪#‎Pay‬ + Add 60.15% ‪#‎DA‬ as ‪#‎Merger‬ + 2% Load = New Basic
‪#‎HRA‬ will be increased by 10 bps approximately
New ‪#‎Allowance‬ may be introduced for rest 3% or other ‪#‎Salary‬ ‪#‎Slip‬Allowance may be hiked
‪#‎Officers‬ having ‪#‎Leased‬ ‪#‎Accomodation‬ will not see much increase
‪#‎Banks‬ ‪#‎Management‬ will get benefitted as ‪#‎PF‬ to be deduct only on Basic & Only 2% hike in Basic
‪#‎Staff‬ retiring up to 31.10.17 will be in loss as ‪#‎Pension‬ calculates on last 12 month basic and only 2% increase in basic will not affect much to them
‪#‎Award‬ staff see higher growth as HRA will increased in salary slip.
#DA ‪#‎slabs‬ to be reduced to 0.10 from 0.15
Only benefit we got 2 Saturday off.... One step towards ‪#‎5DayBanking‬
Ask your leaders if not believe.....
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