(1) 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. 6,400 - 150 - 7,000 Scale VI Rs. 5,950 - 150 - 6,550
(b) Senior Management Grade:
Scale V Rs. 5,350 - 150 - 5,950 Scale IV Rs. 4,520 - 130 - 4,910 - 140 - 5,050 - 150 - 5,350
(c) Middle Management Grade:
Scale III Rs. 4,020 - 120 - 4,260 - 130 - 4,910 Scale II Rs. 3,060 - 120 - 4,260 - 130 - 4,390
(d) Junior Management Grade:
Scale I Rs. 2,100 - 120 - 4,020
(2) 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. 12,650-300-13,250-350-13,600-400-14,000 Scale VI Rs. 11,450 - 300 - 12,650
(b) Senior Management Grade:
Scale V Rs. 10,450 - 250 - 11,450 Scale IV Rs. 8,970 - 230 - 9,200 - 250 - 10,450
(c) Middle Management Grade:
Scale III Rs. 8,050 - 230 - 9,200 - 250 - 9,700 Scale II Rs. 6,210 - 230 - 8,740
(d) Junior Management Grade:
Scale I Rs. 4,250 - 230 - 4,940 - 350 - 5,290 - 230 - 8,050 3
(3) 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. 19,340-420-20,180-520-20,700-600-21,300 2 1 1 Scale VI Rs. 17,660-420-19,340 4
(b) Senior Management Grade:
Scale V Rs. 16,140-380-17,660 4 Scale IV Rs. 13,900-340-14,240-380-16,140 1 5
(c) Middle Management Grade:
Scale III Rs. 12,540-340-14,240-380-15,000 5 2 Scale II Rs. 9,820-340-13,560 11
(d) Junior Management Grade:
Scale I Rs. 7,100-340-12,540 16 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.
(4) Nothing in sub-regulations (1), (2) and (3) shall be construed as requiring the Bank to have at all times, officers serving in all these grades.
5. Increments:
(1) Subject to the provisions of sub-regulation (3) of Regulation 4, on and from 1-4- 1998, the increments shall be granted subject to the following sub-clauses:
(a) The increments specified in the scales of pay set out in 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 Scale I and Scale II, 1 year after reaching the maximum in their respective scales, shall be granted further increments including stagnation increment(s) in the next higher scale only as specified in (c) below subject to their crossing the efficiency bar as per guidelines of the Government.
(c) Officers including those referred to in (b) above who reach the maximum of the Middle Management Grade Scale II and III shall draw stagnation increment(s) for every three completed years of service after reaching the last stage of the Scale II or Scale III as the case may be subject to a maximum of two such increments of Rs.340/- each for Officers in the last stage of Scale II and one such increment of Rs.380/- for Officers in the last stage of Scale III.
Provided that on and from 1-11-1994 officers in substantive Scale III i.e. those who are recruited in or promoted to Scale III shall be eligible for second stagnation increment three years after having received the first stagnation increment.
4 Note:
Grant of such increments in the next higher scale shall not amount to promotion.
Officers even after receipt of such increments shall continue to get privileges, perquisites, duties, responsibilities or posts of their substantive Scale I or Scale II as the case may be.
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 in consideration of passing CAIIB Examination as under:
Those who have passed only Part-I of CAIIB i) Rs.100/- p.m. after one year, of which Rs.75/- shall rank for superannuation benefits.
Those who have passed both parts of CAIIB i) Rs.100/- p.m after one year of which Rs.75/- shall rank for superannuation benefits.
ii) Rs.250/- p.m 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 under:
Those who have passed only Part-I of CAIIB i) Rs. 120/- p.m. after one year, on reaching top of the scale.
Those who have passed both parts of CAIIB i) Rs. 120/- p.m after one year reaching top of the scale.
ii) Rs. 300/- p.m 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 under:
5 Those who have passed only JAIIB or Part-I of CAIIB i) Rs. 150/- p.m. after one year, on reaching maximum of the scale.
Those who have passed JAIIB and CAIIB or both i) Rs. 150/- p.m after one year on reaching maximum of the parts of CAIIB scale.
ii) Rs. 360/- p.m after two years on reaching maximum of 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.
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.
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 frozen for the entire period of service:
Increment Component DA as on 1-11-93 Total FPA where Bank’s accommodation is provided.
Rs. Rs. Rs.
(A) (B) (C) 230 5.79 236 250 6.30 257 6 300 7.56 308 400 10.08 411
(c) On and from 1st November, 1999 other things being equal, the Fixed Personal Pay with House Rent Allowance, if any, shall be as given hereunder:
Increment Component DA as on 1-11-97 Total FPP where Bank’s accommodation is provided.
Rs. Rs. Rs.
(A) (B) (C) 340 4.28 345 380 4.78 385 420 5.29 426 600 7.56 608 Note:
(i) Fixed Personal Allowance/Fixed Personal Pay as indicated under Column
(c) in clause (b) and (c) shall be payable to those officer employees who are provided with bank’s accommodation.
(ii) Fixed Personal Allowance/Fixed Personal Pay for Officers eligible for House Rent Allowance shall be (A)+(B)+House Rent Allowance drawn by the concerned officer employees when the last increment of the relevant scale of pay as specified in sub-regulation (2) and (3) 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.
(d) An Officer who has earned the advance increment as in (a) above shall draw the quantum of Fixed Personal Allowance/Fixed Personal Pay as mentioned in
(b) or (c) above, one year after reaching the maximum of the scale.
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