(1) (a) On and from 1st November, 1994 where an Officer is provided with residential accommodation by the Bank, a sum equal to 4% of the basic pay in the first stage of the scale of pay in which he is placed or the standard rent for the accommodation, whichever is less, will be recovered from him.
(b) Where an Officer is not provided any residential accommodation by the Bank he shall be eligible on and from 1.11.1992 for House Rent Allowance at the following rates:
COLUMN -I COLUMN-II Where the place of work is in i) Major “A” class cities specified as such from time to time in accordance with the guidelines of the Government & Project Area Centres in Group “A”.
HRA payable shall be13% of the pay p.m ii) Places in Area-I & Project Area Centres in Group “B” 12% of the pay p.m iii) Area-II and State Capitals of Union Territories not covered by (i) and (ii) above.
10½% of the pay p.m iv) Area III 9½% of the pay p.m
Provided that if an officer produces a rent receipt, the House Rent Allowance payable to him shall be the actual rent paid by him for his residential accommodation in excess over 4% of the pay in the first stage of the scale of pay in which he is placed or 150% of the House Rent Allowance payable as per Column II above, whichever is lower.
(2) (a) On and from 1st November, 1999 where an Officer is provided with residential accommodation by the Bank, a sum equal to 2.5% of the basic pay in the first stage of the scale of pay in which he is placed or the standard rent for the accommodation, whichever is less, will be recovered from him.
(b) Where an officer is not provided any residential accommodation by the Bank he shall be eligible on and from 1-11-1999 for House Rent Allowance at the following rates:
COLUMN -I COLUMN-II Where the place of work is in i) Major "A" class cities specified as such from time to time in accordance with the guidelines of the Government & Project Area Centres in Group “A”.
HRA payable shall be 9% of the pay p.m ii) Places in Area-I & Project Area Centres in Group “B” 8% of the pay p.m 16 iii) Area-II i.e. all places not covered by (i) &
(ii) above.
7% of the pay p.m
Provided that if an Officer produces a rent receipt, the House Rent Allowance payable to him shall be the actual rent paid by him for his residential accommodation in excess over 2.5% of the pay in the first stage of the scale of pay in which he is placed or 150% of the House Rent Allowance payable as per Column II above, whichever is lower.
Note i) ‘Pay’ for the purpose of House Rent Allowance shall mean basic pay including stagnation increments.
ii) Professional Qualification Allowance or Professional Qualification Pay, as the case may be, shall rank for House Rent Allowance with effect from 1-11-
1994.
(3) Where an officer resides in his own accommodation he shall be eligible for a House Rent Allowance on the same basis as mentioned in proviso to subregulation (1)(b) and 2(b) as if he were paying by way of monthly rent a sum equal to one twelfth of the higher of A or B below:
A The aggregate of:
i) Municipal taxes payable in respect of the accommodation; and ii) 12% of the capital cost of the accommodation including the cost of the land and if the accommodation is part of a building, the proportionate share of the capital cost of the land attributable to that accommodation, excluding the cost of special fixtures, like air conditioners; or B The annual rental value taken for municipal assessment of the accommodation.
Explanation:
(1) For the purpose of this Regulation “standard rent” means:
(a) In the case of any accommodation owned by the Bank, the standard rent calculated in accordance with the procedure for such calculation in vogue in the Government:
(b) Where accommodation has been hired by the bank, contractual rent payable by the Bank or rent calculated in accordance with the procedure in (A) above, whichever is lower.
(2) In this Regulation, for the purpose of sub-regulation (1), Area I, Area II, and Area III shall mean as under:
Area-I : Places with a population of more than 12 lakhs.
Area-II : All Cities other than those included in Area-I which have a population of 1 lakh or more.
Area - III : All places not included in Are-I and Area-II
(3) For the purpose of sub-regulation (2) of this Regulation and Regulation 23, Area I and Area II shall mean as under:
Area - I : Places with a population of more than 12 lakhs Area - II : All places not included in Area - I.
17 Other Allowances: