Salary in Banking
Industry is governed by the Bipartite Settlement which is signed between Bank
Employee’s/Officer’s Trade Union and Indian Bank’s Association. Here Trade
Unions represent the Employees/Officer’s trade Union/Association and Indian
Bank’s Association represents the Bank Management and Government.
Bank Salary is subject
to revision after every 5th year. Present salary structure in
Banking Industry is governed by the 11th Bipartite Settlement
which was signed on 11.11.2020 effective from 01.11.2017
(1) Basic Pay:
|
Designation
|
Pay Band
|
|
Clerk
|
17900-1000/3-20900-1230/3-24590-1490/4-30550-1730/7-42660-3270/1-45930-1990/1-47920
|
|
Sub Staff
|
14500-500/4-16500-615/5-19575-740/4-22535-870/3-25145-1000/3-28145
|
Basic Pay of
Clerks and Sub Staff in tabular format:
|
Stages
|
Clerk
|
Sub-staff
|
|
1
|
17900
|
14500
|
|
2
|
18900
|
15000
|
|
3
|
19900
|
15500
|
|
4
|
20900
|
16000
|
|
5
|
22130
|
16500
|
|
6
|
23360
|
17115
|
|
7
|
24590
|
17730
|
|
8
|
26080
|
18345
|
|
9
|
27570
|
18960
|
|
10
|
29060
|
19575
|
|
11
|
30550
|
20315
|
|
12
|
32280
|
21055
|
|
13
|
34010
|
21795
|
|
14
|
35470
|
22535
|
|
15
|
37470
|
23405
|
|
16
|
39200
|
24275
|
|
17
|
40930
|
25145
|
|
18
|
42660
|
26145
|
|
19
|
45930
|
27145
|
|
20
|
47920
|
28145
|
Stagnation
Increments:
|
#
|
Clerk
|
Basic
|
Sub Staff
|
Basic
|
|
1
|
1 after 2 yrs
|
49910
|
1 after 2yrs
|
29145
|
|
2
|
2 after 2 yrs
|
51900
|
2 after 2yrs
|
30145
|
|
3
|
3 after 2 yrs
|
53890
|
3 after 2yrs
|
31145
|
|
4
|
4 after 2 yrs
|
55880
|
4 after 2yrs
|
32145
|
|
5
|
5 after 2 yrs
|
57870
|
5 after 2yrs
|
33145
|
|
6
|
6 after 2 yrs
|
59860
|
6 after 2yrs
|
34145
|
|
7
|
7 after 2 yrs
|
61850
|
7 after 2yrs
|
35145
|
|
8
|
8 after 2 yrs
|
63840
|
8 after 2yrs
|
36145
|
|
9
|
9 after 2 yrs
|
65830
|
9 after 2 yrs
|
37145
|
(2) Dearness
Allowance:
For details of DA paid
to Clerk and Sub Staff in Bank Please Refer Bank DA page :Click Here
Definition of Pay for
DA : Basic Pay, Stagnation increments, PQP, Special Pay,
Officiating Pay, Special Allowance
(3) Special Allowance:
Special Allowance
which is calculated at 16.40% of basic pay per month. DA is
also payable on Special Allowance. Example- Basic-Rs.10000, DA-50%
(say). Then Special allowance will be 16.40% of Rs.10000 i.e. Rs.1640 and
DA on Special Allowance will be 50% of Rs.1640 i.e. Rs.820. Special Allowance
is not eligible for any retirement benefits.
(4) Special Pay:
Special pay is
different from Special Allowance and paid to Clerk & Sub Staff. The rate of
Special Pay is different for different role. It is fixed as given below:
|
Clerk
|
|
1
|
Single Window
Operator
|
1250
|
|
2
|
Head Cashier-II
|
1940
|
|
3
|
Special Assistant
|
2920
|
|
Sub-Staff
|
|
4
|
Armed Guard
|
590
|
|
5
|
Daftary
|
850
|
|
6
|
Head Peon
|
1120
|
|
7
|
Electrical/AC Plant Helper
|
3090
|
|
8
|
Driver
|
3590
|
(5) House Rent
Allowance:
Definition of Pay for
HRA: Basic Pay, Stagnation increments, PQP, Special Pay,
Officiating Pay
|
#
|
Population
|
HRA as % of basic for
both Clerk & Sub Staff
|
|
1
|
45Lakh & Above
|
10.25%
|
|
2
|
12Lakh to 45 Lakh
|
10.25%
|
|
3
|
Below 12Lakhs
|
10.25%
|
(6) Graduation
Pay/Professional Qualification Pay:
PQP is payable to
Clerks after reaching maximum in his pay scale as per the following limit:
|
#
|
PQP
|
Limit
|
|
1
|
After 1 year
|
625
|
|
2
|
After 2 year
|
1205
|
|
3
|
After 3 year
|
1835
|
|
4
|
After 4 year
|
2455
|
|
5
|
After 5 Year
|
3045
|
(7) Fixed Personal
Pay:
Fixed personal pay is
payable to the employees who were in Bank's service as on 01.11.1993. It was
granted as one advance increment on account of computerization in the year
1993. It is payable after reaching maximum in his pay scale as per the
following limit:
|
Clerk
|
|
1
|
45Lakh & Above
|
2262*
|
|
2
|
12Lakh to 45 Lakh
|
2262
|
|
3
|
Below 12Lakhs
|
2262
|
|
Sub-Staff
|
|
1
|
45Lakh & Above
|
1140*
|
|
2
|
12Lakh to 45 Lakh
|
1140
|
|
3
|
Below 12Lakhs
|
1140
|
* Basic Portion of FPP is 1990 for clerk and 1000 for substaff for
the purpose of retirement benefits
Read More : What is a Salary of Officer after 11th BPS?
Read More : Salary chart of Substaff,Clerical Staff and Officers after 12th Bipartite Settlement (Tentative)
(8) Transportation
Allowance:
It is paid to Clerk
and Sub-staff as per below table:
|
Stage
|
Limit
|
|
Upto
15th Stage of Basic Salary as “1” above
|
600+DA
|
|
From 16th Stage
of Basic Salary as “1” above
|
600+DA
|
(9) Halting/Dime
Allowance:
When no lodging expenses claimed
|
Population
|
Clerk
|
Sub-Staff
|
|
Population of 12lakh+
and Goa
|
1050
|
750
|
|
Population from 5lakh+
and State Capita and UT
|
900
|
600
|
|
Other Places
|
675
|
375
|
Lodging expenses* is
paid as below on production of Hotel Bills:
|
Population
|
Clerk
|
Sub-Staff
|
|
Population of 12lakh+
and Goa
|
2500
|
1250
|
|
Population from 5lakh+
and State Capita and UT
|
2000
|
1000
|
|
Other Places
|
1500
|
750
|
*If lodging expenses are claimed then 25% of applicable halting
allowance is paid as boarding charges
(10) Leave Fare
Concession:
|
Block
|
Sub-staff
|
Clerk
|
|
Two Year
|
2600 KM one way by
AC 3 Tier
|
2200 KM one way by
AC 2 Tier
|
|
Four Year
|
5200 KM one way by AC 3 Tier
|
4400 KM one way by AC 2 Tier
|
LFC can be availed by:
·
Travel by train upto
entitled distance, or
·
By road or air upto
the equivalent train fare amount for the admissible distance or
·
Encased and a lump sum
equivalent to 100% of the train fare for the admissible distance by the
entitled class will be paid.
·
There will no need to
take any leave while encashing LFC.
·
While encashing LFC,
Privilege Leave also can be encashed.
·
One more option will
be available to choose between 4 year block and 2 year block.
·
Employees can travel
by steamer while on LFC and for clerks entitled class would be Class
Cabin and for sub-staff II class cabin
·
Employees can travel
by Own Car, Shatabdi & Rajdhani trains subject to maximum permission limit.
·
For definition of
Family for the purpose of this scheme Click Here
(11) Compensation on
Transfer
An employee on
transfer from one station to another can transport his/her personal goods upto
the following stipulated weights by rail or road by an IBA approved Transport
Operator:
|
Status
|
Clerk
|
Sub-staff
|
|
For married persons
|
3500 kg.
|
2500 kg.
|
|
For unmarried persons
|
2500 kg.
|
1500 kg.
|
|
Loss on breakage with
receipt
|
Rs.1650
|
Rs.1100
|
|
Loss on breakage
without receipt
|
Rs.1100
|
Rs.825
|
(12) Hill & Fuel
Allowance:
|
Place
|
Limit
|
|
At places situated at
a height of 3000 meters and above
|
8% of pay Max. Rs.2250pm
|
|
At places situated at
a height of and over 1500 meters but below
|
4% of pay Max. Rs.900pm
|
|
At places situated at
a height of over 1000 meters but less than 1500 meters and Mercara Town
|
3% of pay Max. Rs.750pm
|
(13) Miscellaneous
Allowances (Clerk & Sub-Staff)
|
#
|
Allowance
|
Limit
|
|
a
|
Washing Allowance
|
Rs.200pm
|
|
b
|
Cycle allowance
|
Rs.150pm
|
|
c
|
Split Duty allowance
|
Rs.200pm
|
|
d
|
Medical Aid
|
Rs.2355p.a.
|
(14) Working Hours
Excluding Lunch Time:
|
#
|
Category
|
Working Hours
|
|
1
|
Clerks
|
6h 30m
|
|
2
|
Sub Staff
|
7h 00m
|
|
3
|
Drivers
|
7h 30m
|
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