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Salient features of the 10th Bipartite Settlement: Bank Wage Revision

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ALL INDIA BANK EMPLOYEES’ ASSOCIATION


Salient features of the 10th Bipartite Settlement

Pay Scales (Merger at 4440 Points)
Clerks 11765 – 655/3 – 13730 – 815/3 – 16175 – 980/4 – 20095 – 1145/7 – 28110 – 2120/1 – 30230 – 1310/1 – 31540
Sub-staff 9560 – 325/4 – 10860 – 410/5 – 12910 – 490/4 – 14870 – 570/3 – 16580 – 655/3 – 18545



Stagnation Increments – Eight

Clk : 5 – once in 3 yrs. – 3 once in 2 yrs.
SS : 8 – once in 2 yrs.

 

Special Pay – Clerks
Single Window Operator 820
Head Cashier II 1280
Special Assistant 1930
Special Pay – Substaff
Bill Collector/Armed Guard 390
Daftary 560
Head Peon 740
Electrician/AC Plant Helper 2040
Driver 2370
No change in Duties


D.A. Rates (%) per slab

0.10% per slab over 4440 points

 

Quarterly D.A. slabs and % from 1.11.2012 to 31.7.2015
Quarter Avg. Index Slabs D.A. %
9th BP 10th BP 9th BP 10th BP
Nov-12 4876 510 109 76.50% 10.90%
Feb-13 4976 535 134 80.25% 13.40%
May-13 5080 561 160 84.15% 16.00%
Aug-13 5208 593 192 88.95% 19.20%
Nov-13 5400 641 240 96.15% 24.00%
Feb-14 5500 666 265 99.90% 26.50%
May-14 5436 650 249 97.50% 24.90%
Aug-14 5568 683 282 102.45% 28.20%
Nov-14 5764 732 331 109.80% 33.10%
Feb-15 5772 734 333 110.10% 33.30%
May-15 5788 738 337 110.70% 33.70%



House Rent Allowance

45 lacs
& Abv.
12-45
lacs
Below 12 lacs
4th Area
abolished
% % %
Clerks 10.00 9.00 7.50
Sub-staff 10.00 9.00 7.50
Recovery for quarters – 0.30% of the first stage of the Pay Scale

Fixed Personal Pay

Area Clerical Sub-staff
Qrs.

Provided
Qrs.

not 

provided

Qrs.

Provided

Qrs.

not 

provided

45 lakhs 1450 1585 730 790
12-45 L 1450 1570 730 790
Below 12 1450 1550 730 780
Increm. 1310 1310 655 655



Transport Allowance

For Clk and SS upto 15th Stage and PTS upto 15 year Service – Rs.425/- p.m.
For Clk and SS above 15th Stage and PTS above 15 year Service Rs.470/- p.m.



Medical Aid – Rs.2,200/- p.a.



Washing Allowance – Rs.150/- p.m.


Cycle Allowance – Rs.100/- p.m.



Split Duty Allowance – Rs.150/- p.m.  



Hill &; Fuel – 8% Max. 1500, 4% Max. 600, 3% Max. 500  


Proj Area Comp Allow. – Clk – 250, 200 – SS – 200, 175  


Halting Allow. – Clk – 700, 600, 450 – SS – 500, 400, 250  


Graduation Pay/Professional Qualification Pay

Graduation Pay/PQA-After 1 year 410
Graduation Pay/PQA-After 2 years 800
Graduation Pay/PQA-After 3 years 1210
Graduation Pay/PQA-After 4 years 1620
Graduation Pay/PQA-After 5 years 2010


Special Allowance (New Allowance)

7.75% of Basic Pay. D A is payable on this allowance.

 

Provident Fund NPS
10% on revised Pay 10% on revised Pay + D A



Leave Fare Concession

Distance for

4 years 2 years
Clerks 4000 Km 2000 Km.
Substaff 5000 Km 2500 Km.
Entitled Class:

Clerks – AC 2 Tier Class

Sub-staff – AC 3 Tier Class

100% LFC encashable-No need to take leave

Road Mileage charges Rs.6/- per Km.



Second and Fourth Saturdays will be Full Holidays.

LFC/Hospitalisation – Dependent income Rs.10,000/-  

Normal Delivery Charges Rs.50,000/-

Paternity Leave – 15 days twice in service.

Spl. Leave for hysterectamy – 60 days

For Part time empl Actual Service to be reckoned for Pension.

New Cashless Medical Scheme: All employees/retires will be covered by a New Scheme which provides for full reimbursement of Hospitalisation Expenses.

Source: http://www.bankunionaibea.in for further details or clarifications.

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