(1) Every Officer of the Bank who immediately before the appointed date holds a post specified in Column 1 of the Table below Regulation No. 7 and whose post has been categorised in the grade specified in Column 2 thereof; shall be fitted in the scale of pay applicable to that grade in such a manner that his salary in that 8 scale shall have relation with the aggregate pay plus dearness allowance payable to him immediately before the appointed date in accordance with the guidelines of the Government.
(2) Subject to sub-regulation (3) on being so fitted in the new scale of pay such Officer shall be eligible to draw the next increment, if any, in such new scale on the date on which he would have been eligible to draw an increment immediately prior to the appointed date, unless intimated to the contrary.
(3) Where two or more Officers of different seniorities in the scales of pay immediately prior to the appointed date are fitted at the same stage in the new scale of pay, different dates may be fixed for the eligibility of such Officers for the next increment in the new scale of pay.
(4) Where in the course of aforesaid scheme of fitment, Officers have to be fitted in two different scales depending on whether they are located in the Head Office or in the field or metropolitan areas or other areas, the mere fact that on the appointed date they happen to be posted at a particular place or office shall not by itself entitle them to a fitment in a particular grade and the Bank may make suitable changes in placements so as to fit them in an appropriate grade, having due regard to their inter se seniority.
Explanation to Sub-regulation (1):
Where in any Bank the maximum pay ranking for dearness allowance under the existing rules of service is less than Rs. 641/- for the purposes of fitment in the new scale of pay the same shall be assumed to be Rs. 641/-.
Adjustment Allowance:
9. If the pay of an Officer after fitment in the new scale of pay in the manner referred to in Regulation 8 is at the maximum of that scale and even then the salary of such Officer is lower than the aggregate of pay and dearness allowance payable to him immediately before such fitment, together with additional increment if any, that may be taken into account for fitment of an Officer in the category to which he belongs, the difference shall be paid to him by way of adjustment allowance till such time as he is promoted to a higher scale. If salary on such promotion is still less than the aggregate of salary and adjustment allowance payable to him immediately before such promotion, the difference shall continue to be paid to him as adjustment allowance;
so, however, the adjustment allowance payable after such promotion shall be absorbed in the future increments to the extent of 331/3 per cent of each such increment, or of 331/3 per cent of the increase in salary as a consequence of such increment, whichever is lower.
Personal Allowance: