This READY RECKONER designed to assist with the calculation of gratuity/pension/commutation amount of Bank employees retired after 1.11.2017 This reckoner is prepared for the purpose of helping the employees retired from bank service after 1.11.2017 that have to claim arrears of gratuity, pension, and commutation of pension, a family pension from their employer bank for…
In terms of 11th BPS, a bank clerk with effect from 1.11.2017 will get 9 stagnation increments of Rs 1990 each once in 2 years after reaching maximum wage of Rs.47920-. Bank Sub-staff will also get 9 stagnation increments of Rs 1000 each once in 2 years after reaching maximum Pay Scale of Rs.28145-. So,…
Bank holidays in India are declared as public holidays under explanation to section 25 of the Negotiable Instrument Act 1881. The holiday declared under NI Act is applicable exclusively to the banks located within the administration area of specific State and Union Territory. In other States and Union territories where it is not a holiday,…