(1)
(2) On and from 1-11-1987, the scales of pay specified against each grade shall be as under:-
(a) Top Executive Grade :
Scale VII Rs.6400-150-7000 Scale VI Rs.5950-150-6550
(b) Senior Management Grade :
Scale V Rs.5350-150-5950 Scale IV Rs.4520-130-4910-140-5050-150-5350
(c) Middle Management Grade :
Scale III Rs.4020-120-4260-130- 4910 Scale II Rs.3060-120-4260-130-4390
(d) Junior Management Grade :
Scale I Rs.2100-120-4020 On and from 1-7-1993, the scales of pay specified against each grade shall be revised as under:-
(a) Top Executive Grade :
Scale VII Rs.12650-300-13250-350-13600- 400-14000 Scale VI Rs.11450-300-12650
(b) Senior Management Grade :
Scale V Rs.10450-250-11450 Scale IV Rs.8970-230-9200-250-10450 (C) Middle Management Grade :
Scale III Rs.8050-230-9200-250-9700 Scale II Rs.6210-230-8740
(d) Junior Management Grade :
Scale I Rs.4250-230-4940-350-5290-230-8050
(3)
(4) With effect from 1st April, 1998, the scales of pay specified against each grade shall be as under:-
(a) Top Executive Grade :
Scale VII Rs.19340 - 420/2 - 20180 – 520/1 - 20700 – 600/1 - 21300 Scale VI Rs.17660 – 420/4 - 19340
(b) Senior Management Grade :
Scale V Rs.16140 - 380/4 - 17660 Scale IV Rs.13900 - 340/1 – 14240 – 380/5 - 16140
(c) Middle Management Grade :
Scale III Rs.12540 – 340/5 – 14240 – 380/2 - 15000 Scale II Rs.9820 - 340/11 - 13560
(d) Junior Management Grade :
Scale I Rs.7100 - 340/16 - 12540 Note:
Every officer who is governed by the scales of pay as in force as on 31.3.1998 shall be fitted in the scale of pay set out as in this sub-regulation as on 1.4.1998 on stage to stage basis, i.e. on corresponding stages from first stage onwards in the respective scales and the increments shall fall on the anniversary date as usual except where provided otherwise.
On and from the 1st day of November 2002, the scales of pay specified against each grade shall be as under:-
(a) Top Executive Grade :
Scale VII = Rs. 29340 – 680/2 – 30700 – 900/1 – 31600 – 1000/1 - 32600 Scale VI = Rs. 26620 – 680/4 – 29340
(b) Senior Management Grade :
Scale V = Rs. 24140 – 620/4 – 26620 Scale IV = Rs. 20480 – 560/1 – 21040 – 620/5 – 24140
(c) Middle Management Grade :
Scale III = Rs. 18240 – 560/5 – 21040 – 620/2 – 22280 Scale II – Rs. 13820 – 500/1 – 14320 – 560/10 – 19920
(d) Junior Management Grade :
Scale I = Rs. 10000 – 470/6 – 12820 – 500/3 – 14320 – 560/7 – 18240 Note: Every officer who is governed by the scales of pay as in force as on 31.10.2002 shall be fitted in the scale of pay set out as in this sub-regulation as on 01.11.2002 on stage to stage basis, i.e. on corresponding stages from first stage onwards in the respective scales and the increments shall fall on the anniversary date as usual except where provided otherwise.
(5) With effect from the 1st November, 2007, the scales of pay specified against each grade shall be as under :
(a) Top Executive Grade Scale VII = Rs.46800 – 1300/4 – 52000 Scale VI = Rs.42000 - 1200/4 – 46800
(b) Senior Management Grade Scale V = Rs.36200 – 1000/2 – 38200 – 1100/2 - 40400 Scale IV = Rs.30600 – 900/4 – 34200– 1000/2 – 36200
(c) Middle Management Grade Scale III = Rs.25700 - 800/5-– 29700 - 900/2 - 31500 Scale II = Rs.19400 - 700/1 - 20100 -800/10 - 28100
(d) Junior Management Grade Scale I = Rs.14500-600/7- 18700-700/2- 20100- 800/7-
25700.
Explanation.-Every officer who is governed by the scales of pay in force as on the 31st October, 2007 shall be fitted in the scale of pay set out in this sub-regulation as on 1st November, 2007 on stage to stage basis, i.e. on corresponding stages from first stage onwards in the respective scales and the increments shall fall on the anniversary date as usual except where provided otherwise.
(6) Nothing in sub-regulations (1), (2), (3), (4) and (5) shall be construed as requiring the Bank to have at all times, officers serving in all these grades.”
1.
2.
GUIDELINES OF GOVERNMENT UNDER REGULATION 4(1)* Every Officer who is governed by the scales of pay as in force as on
31.10.1992 shall be fitted in the scale of pay set out in Regulation 4(2) as on
1.7.1993 on stage to stage basis, i.e. on corresponding stages from first stage onwards and the increments shall fall on the anniversary date as usual except where provided otherwise.
Officers in Substantive Scale III i.e. those who are recruited or promoted to Scale III and who are in receipt of first stagnation increment shall be given second stagnation increment w.e.f. 1.11.1994, or three years after having received the first stagnation increment, whichever is later.
* Government guidelines as a sequel to salary revision effected from 1.4.1998 are yet to be received.
Increments 5. (1) Subject to the provisions of sub-regulation (5) of regulation 4, on and from the 1st November, 2007, the increments shall be granted subject to the following, namely: -
(a) the increments specified in the scales of pay set out in subregulation (5) of regulation 4 shall, subject to the sanction of the Competent Authority, accrue on an annual basis and shall be granted on the first day of the month in which these fall due;
(b) officers in Junior Management Grade Scale I who have moved to scale of pay for Middle Management Grade Scale II after reaching maximum of the higher scale shall be eligible for four stagnation increments for every three completed years of service of which first two shall be Rs.800 each and next two Rs.900 each:
Provided that officers who have completed three years or more after receipt of the second stagnation increment as on 1st November, 2007 shall get the third stagnation increment on 1st November, 2007 and another stagnation increment on or after the 1st November, 2008 on their completion of six years after receipt of second stagnation increment;
(c) officers in Middle Management Grade Scale II who have moved to scale of pay for Middle Management Grade Scale III after reaching maximum of higher scale shall be eligible for three stagnation increments of Rs.900 each for every three completed years of service:
Provided that officers who have completed three years or more after receipt of the first stagnation increment as on the 1st November, 2007 shall get the next stagnation increment with effect from the 1st November, 2007 and a subsequent stagnation increment on or after the 1st November, 2008 on their completion of six years after receipt of the first stagnation increment:
Provided further the officers appointed to or promoted in substantive Middle Management Grade Scale III, shall be eligible for four stagnation increments of Rs.900 each for every three completed years of service or :
Provided also that the officers who have already received two stagnation increments and completed more than three years of service after receipt of second stagnation increment as on the 1st November, 2007 shall get the third stagnation increment on the 1st November, 2007 and the fourth stagnation increment, on or after the 1st November, 2008 on completion of six years after receipt of second stagnation increment.
Explanation.- Grant of such increments in the next higher scale under this sub-regulation shall not amount to promotion and the privileges, perquisites, duties and responsibilities of the officers shall continue as of their substantive posts.
(2) An additional increment each shall be granted in the scale of pay for passing Part I of CAIIB/Junior Associate of Indian Institute of Bankers and Part II/ Certified Associate of the Indian Institute of Bankers Examination.
Explanation:
(a) In the case of an officer who has passed Part I or Part II of Certified Associate of Indian Institute of Bankers Examination as an officer before the appointed date, the additional increment, or increments as the case may be, shall be given effect to from the appointed date provided that he has not received any increment or received only one increment, for passing both parts of the said Examination.
(b) On and from 1.11.1987, officers who reach or have reached the maximum in the pay scale and are unable to move further except by way of promotion shall subject to Government guidelines, if any, be granted Professional Qualification Allowance in lieu of additional increments as specified in the Table below:
TABLE Those who have passed only Part I of CAIIB
(i) Rs. 100 per month after one year of which Rs. 75 shall rank for superannuation benefits.
Those who have passed both parts of CAIIB
(i) Rs. 100 per month after one year, of which Rs. 75 shall rank for superannuation benefits.
(ii) Rs. 250 per month after two years, of which Rs. 200 shall rank for superannuation benefits.
(c) On and from 1.11.1994, other things being equal, the quantum of Professional Qualification Allowance shall stand revised as specified in the table below:
TABLE Those who have passed only Part I of CAIIB
(i) Rs. 120 per month after one year on reaching top of the scale.
Those who have passed both parts of CAIIB
(i) Rs. 120 per month after one year on reaching top of the scale.
(ii) Rs. 300 per month after two years on reaching top of the scale.
Provided that officers who are eligible to draw Fixed Personal Allowance in terms of Regulation 5(3)(b) shall draw Professional Qualification Allowance one year/two years after receipt of such Fixed Personal Allowance respectively for Part I and II as the case may be.
(d) On and from 1.11.1999, other things being equal, the quantum of Professional Qualification Pay shall stand revised as specified in the table below:
TABLE Those who have passed JAIIB or Part I of CAIIB Rs. 150 per month after one year on reaching maximum of the scale.
Those who have passed JAIIB and CAIIB or both parts of CAIIB Rs. 150 per month after one year on reaching maximum of the scale.
Rs. 360 per month after two years on reaching maximum of the scale.
Provided that officers who are in Scale I and Scale II and are granted further increments in the next higher scale as in sub-regulation (1)(b) shall draw Professional Qualification Pay after one/two years, as the case may be, on reaching the maximum in such higher scales.
(e) On and from 1.11.2002, other things being equal, the quantum of Professional Qualification Pay shall stand revised as specified in the table below:
TABLE Those who have passed JAIIB or Part I of CAIIB Rs. 300 per month after one year on reaching maximum of the scale.
Those who have passed JAIIB and CAIIB or both parts of CAIIB Rs. 300 per month after one year on reaching maximum of the scale.
Rs. 750 per month after two years on reaching maximum of the scale.
Provided that officers who are in Scale I and Scale II and are granted further increments in the next higher scale as in sub-regulation (1)(b) shall draw Professional Qualification Pay after one/two years, as the case may be, on reaching the maximum in such higher scales.
(f) On and from 1.11.2002, other things being equal, the quantum of Professional Qualification Pay shall stand revised under:
TABLE Those who have passed JAIIB or Part I of CAIIB Rs. 410 per month one year after reaching maximum of the scale.
Those who have passed JAIIB and CAIIB or both parts of CAIIB Rs. 410 per month one year after reaching maximum of the scale.
Rs. 1030 per month after two years on reaching maximum of the scale.
Provided that an Officer acquiring Junior Associate of Indian Institute of Bankers or Certified Associate of Indian Institute of Bankers (either or both parts) qualifications after reaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment of Professional Qualification Pay and the release of subsequent installments of Professional Qualification Pay shall be with reference to the date of release of first installment of Professional Qualification Pay:
Provided further that in a case where an officer, has already acquired any of the above qualifications and has not earned any increment or Professional Qualification Pay on account of acquiring such qualification, he may be granted the Professional Qualification Pay, with effect from the 1st November 2007 or the date of acquiring such qualification/s, whichever is later.
Note:
(i) If an officer who is in receipt of Professional Qualification Pay is promoted to next higher scale, he shall be granted, on fitment in such higher scale, additional increment(s) for passing JAIIB/CAIIB to the extent increments are available in the scale and if no increments are available in the scale, the officer shall be eligible for Professional Qualification Pay in lieu of increment(s).
(ii) On and from 1.11.1994 Professional Qualification Allowance or Professional Qualification Pay, as the case may be, shall rank for Dearness Allowance, House Rent Allowance and Superannuation Benefits.
(iii) An officer shall not be eligible for Professional Qualification Pay as above if he refuses to accept promotion when offered.
(iv) if an officer acquiring JAIIB or CAIIB (either or both parts) qualifications after reaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment of Professional Qualification Pay and the release of subsequent installments of Professional Qualification Pay shall be with reference to the date of release of first installment of Professional Qualification Pay.
(v) if an officer, as on the 27th April 2010 has already acquired any of the said qualifications referred to in clause (iv) and has not earned any increment or Professional Qualification Pay on account of acquiring such qualification, he shall be granted the Professional Qualification Pay, with effect from the 1st day of November, 2007 or the date of acquiring such qualification, whichever is later.
(3)(a) All officers who are in the Bank’s permanent service as on 1st November, 1993 will get one advance increment in the scale of pay. Officers who are on probation on 1st November, 1993 will get one advance increment one year after confirmation.
Note : There shall be no change in the date of annual increment because of advance increment.
(b) An officer who is at the maximum of the scale or who is in receipt of stagnation increment(s) as on 1st November, 1993, will draw a Fixed Personal Allowance from 1st November, 1993 which shall be equivalent to an amount of last increment drawn plus dearness allowance payable thereon as on 1st November, 1993, plus house rent allowance, at such rates as applicable in terms of Regulation 22. The Fixed Personal Allowance given hereunder together with House Rent Allowance, if any, shall remain valid till further revised:
TABLE Increment Component Dearness Allowance as on
01.11.1993 on the increment component Total Fixed Personal Allowance payable where Bank’s accommodation is provided (A) Rs.
(B) Rs.
(C) Rs.
230 250 300 400
5.79
6.30
7.56
10.08 236 257 308 411
(c) On and from 1st November 1999, other things being equal, the Fixed Personal Pay with House Rent Allowance, if any, shall be as specified in the table below:
TABLE Increment Component Dearness Allowance as on
01.11.1997 on the increment component Total Fixed Personal Allowance payable where Bank’s accommodation is provided (A) Rs.
(B) Rs.
(C) Rs.
340 380 420 600
4.28
4.78
5.29
7.56 345 385 426 608
(d) On and from 1st November 2004, other things being equal, the Fixed Personal Pay with House Rent Allowance, if any, shall be as specified in the table below and shall remain frozen for the entire period of service:
TABLE Increment Component Dearness Allowance as on
01.11.2002 on the increment component Total Fixed Personal Allowance payable where Bank’s accommodation is provided (A) Rs.
(B) Rs.
(C) Rs.
560 620 680 1000 23 25 28 41 583 645 708 1041
(e) on and from the 1st November, 2007, other things being equal, Fixed Personal Pay together with House Rent Allowance shall be at the following rates and shall remain frozen for the entire period of service:
TABLE Increment Component (Rs.)
Dearness Allowance as on
01.11.2007 on the increment components (Rs.)
Total Fixed Personal Pay payable where bank’s accommodation is provided (Rs.)
(A) (B) (C) 800 58 858 900 65 965 1000 72 1072 1100 79 1179 1200 86 1286 1300 94 1394 Note:
(i) Fixed Personal Allowance/Fixed Personal Pay as indicated under Column (C) of the Table in clause (b), (c),
(d) or (e) shall be payable to those officers who are provided with Bank’s accommodation.
(ii) Fixed Personal Allowance/Fixed Personal Pay for officers eligible for House Rent Allowance shall be the aggregate amount specified under columns (A) and (B) of the Table under clause (e) and House Rent Allowance drawn by the concerned officer employees when the last increment of the relevant scale of pay as specified in subregulations (2), (3), (4) or (5) of Regulation 4 is earned.
(iii) On and from 1st November, 1999 there shall be no change in the schedule of release of Professional Qualification Pay as in Explanation (c) under sub-regulation
(2) on account of release of Fixed Personal Pay:
Provided that where any instalment of Professional Qualification Pay which on account of the earlier provisions has been shifted by a year and is scheduled for release on or after to 1st November, 1999 it shall be released to the officer on and from this date and second instalment of Professional Qualification Pay, if any, shall be released on 1st November, 2000.
(iv) The increment component of Fixed Personal Allowance/Fixed Personal Pay shall rank for superannuation benefits.
(v) An officer who has earned the advance increment as in clause (a) above shall draw the quantum of Fixed Personal Allowance/Fixed Personal Pay as mentioned in clauses (b), (c), (d) or (e) above, one year after reaching the maximum of the scale.
GUIDELINES OF GOVERNMENT UNDER REGULATION 5 The movement of officers in Scale l and Scale II to the higher stages in the next scale after reaching the maximum in their respective scales shall be subject to their crossing the Efficiency Bar which shall apply only in the following cases:- i) ii) iii)
(a)
(b) Where an officer employee is under suspension ;
Where a disciplinary action has been initiated against an officer employee;
Where an officer employee has earned an adverse remark from the Reporting Authority in the Reporting Year preceding the date of which the officer employee is due to cross the Efficiency Bar and the same has been conveyed to the officer employee.
Note :
Where the Efficiency Bar operates in terms of (ii) above, the case of the concerned officer employee shall be reviewed every year well before the next due date for crossing the Efficiency Bar. The delay in crossing the Efficiency Bar under this provision shall not be more than three years after which if the disciplinary proceedings are still not concluded, the increment shall be released with retrospective effect.
Where the Efficiency Bar has been applied in terms of (iii) above, but the rating improves subsequently, the increment shall be released after one year. Average remark or rating shall not be treated as adverse for this purpose.
Categorisation 6. (1) Having regard to the responsibilities and functions exercisable, every post of an officer in the Bank shall be categorised by the Board or any Authority specified by the Board in this behalf as falling in any one of the grades or scales mentioned in regulation 4 and such categorisation may be reviewed by the Board or such Authority.
Provided that the categorisation of the posts in existence on the appointed date shall be done before the expiry of two years from that date in accordance with guidelines of the Government, if any, and shall, in respect of the posts in the Senior Management and Top Executive grades, be done by a Committee of the Managing Director and such other persons as may be appointed by the Government for the purpose.
(2) For the purpose of categorisation of posts under sub-regulation (1), every branch of the Bank shall be classified by the Bank, in accordance with the criteria to be approved by the Government, as Small, Medium, Large, Very Large or Exceptionally Large category.
GUIDELINES OF GOVERNMENT UNDER REGULATION 6 1) The categorisation of posts in existence on the appointed date shall be done keeping the following criteria in mind :
(i) The Top Executive Grade would normally include all executives under the Managing Director such as General Managers, Joint General Manager, Deputy General Managers etc. The main criterion for this categorisation will be their share in the Policy-Making, Review and Control functions of the Bank as a whole.
(ii) The Senior Management Grade would include Assistant General Managers and heads of functional departments in the Head Office exercising either operational or advisory responsibilities in both policy making and area reserved for HO functions.
Officers having full functional responsibilities for certain large geographical areas with supervision over a sizeable portion of the Branches of the Bank, Managers of exceptionally large Metropolitan Branches and very large branches and the principal officer responsible for training will also be at this level.
(iii) The Middle Management Grade would include Managers of Large and Medium size branches. Second line Officers in Large branches as well as Region/Branches/Area/Division/District and like officers will also fall in this category.
(iv) The Junior Management Grade would comprise all other officers. It would include Managers of small branches and Pay Offices, Accountants or second line officers, in small and medium branches and other offices.
(v) In the cases of experts/specialists like Economists, Statisticians, Law Officers etc., as the role of all these officers vary from Bank to Bank, the grades of these officers will have to be determined by the Board on the basis of their experience, expertise and standing in their respective professions.
(vi) The categorisation of posts as on the appointed date in each of the grades and scales (including that of the experts/specialists) should be done in such a manner that as far as possible the aggregate of Basic pay and D.A. of an official in the new scale bears a reasonable relationship to the aggregate of basic pay and D.A. drawn by officer immediately prior to the appointed date.
(vii) Regarding classification of branches for the purpose of categorisation of Managers w.e.f. financial year 1995, the following norms shall be adopted:
Category of Branch Business Criteria Incumbency
(a) Small Branches Average aggregate deposits and advances below Rs.2 crores during the last 2 years.
Scale - l
(b) Medium/Main Branches Average aggregate deposits and advances of Rs.2 crores and above but below Rs.15 crores during the last two years.
Scale - II
(c) Large Branches Average aggregate deposits and advances of Rs.15 crores and above but below Rs.50 crores during the last two years.
Scale - III
(d) Very Large Branches Average aggregate deposits and advances of Rs.50 crores and above but below Rs 150 crores during the last two years.
Scale - IV
(e) Exceptionally Large Branches Average aggregate deposits and advances of Rs.150 crores and above during the last two years.
Scale - V Note :
1.
2.
There will be no staff linkage to the above norms.
Each year in the month of May, the bank may undertake an exercise in the matter of classification of branches on the basis of the above criteria and upgrade or downgrade branches taking into account two years of average business i.e. average aggregate deposits and advances during each of the last two financial years.
CHAPTER – III FITMENT OF EXISTING OFFICERS AND PROMOTEES IN THE NEW GRADES AND SCALES OF PAY Categorisation on the appointed date
7. Subject to the provisions of regulation 6 the officers in the Bank in the existing posts or scales immediately before the appointed date shall be categorised as specified in the table below :- TABLE Posts or scales immediately on the appointed date (as applicable in the bank) Grade or scale in which placed 1 2 General Manager Top Executive Grade - Scale VII Deputy General Manager Top Executive Grade -Scale VI Assistant General Manager Senior Management Grade - Scale V Chief Manager Senior Management Grade- Scale IV Officers Grade I Middle Management Grade - Scale III Officers Grade II & III Middle Management Grade- Scale II Officers Grade IV Junior Management Grade -Scale I
Provided that any difficulties and anomalies arising out of the above categorisation shall be referred to a committee consisting of the Managing Director and such other persons as may be appointed by the Government for this purpose, for its decision.
Fitment in the scales of pay