Salient features of 12th BPS and 9th Joint Notes signed by Bank Unions (UFBU)and IBA
Key Benefits and New Leave Rules applicable to officers and employees are highlighted below.
Special Allowance payable to officers Scale-I: @ 26.50%, Scale II & III: @28.30%, Scale IV & V: @ 30.50%, Scale VI & VII: @ 31.50%
Deputation allowance: 7.75% maximum Rs.7500 per month.
An officer deputed to another organisation in the same place or to the training establishment not owned by the bank:4% of pay, maximum of Rs.3750/ per month.
Closing allowance payable from 01.04.2024:Rs.1500 per Quarter.
Halting allowance:
Metro Cities
Metro Cities
Major A class cities
Area I
other places
Scale VI and VII
4050
2925
2475
2150
Scale IV and V
3375
2925
2475
2150
ScaleI, II and III
2925
2475
2150
1800
Compensation to Officers on transfer:
As Compensation to officers on transfer, Rs 40000 is payable up to scale 3, and Rs 50000 to officers of Scale 4 and above. Besides, 15 days lodging and boarding charges or 15 days halting allowance shall be paid.
Medical aid: JMG & MMG scales: 13000 p.a. and for SMG & TEG scales Rs.15400/-
For the calendar year 2022 medical aid shall be paid for 2 months (November& December 2022).
All employees will be reimbursed Rs.500 for annual eye checkups.
One more increment is provided to all for passing CAIIB.
Designation of employees revised
SWO-A/SWO-B as Customer Service Associate
Head Cashier as Senior CSA (Cash)
Special Assistant as Special CSA
All SWO- A will get SWO-B Allowance from 1-4-24
All Bill Collectors will be upgraded as Daftary
Sub-staff will be designated as Office Assistant
Daftary as Senior Office Assistant
Head Peon as Special Office Assistant
Professional Qualification Pay increased to Rs. 820/ 1640/ 2460/ 3280/ 4100 for clerks
Fixed Personal Pay increased – Clerical Rs. 3155. Increment component of FPP Rs. 2680 eligible for superannuation benefits.
If an employee is transferred to another station, he can claim 150% of his entitled HRA on a declaration basis.
Transport Allowance increased to Rs. 850 + DA per month
Part-time employees eligible for pro-rata Transport Allowance
Substaff passing JAIIB/CAIIB will continue to get additional increment/s like clerical staff
PQP also introduced for Substaff – Rs.820/Rs.1640/Rs.2460
Professional Qualification Pay increased to Rs. 820/ 1640/ 2460/ 3280/ 4100 for clerks
Fixed Personal Pay increased – Clerical Rs. 3155, increment component of FPP Rs. 2680 eligible for superannuation benefits
Fixed Personal Pay increased – Substaff Rs. 1585, increment component of FPP Rs. 1345 eligible for superannuation benefits.
Clerical and subordinate staff shall draw eleven stagnation increments at the rate of Rs 2685 and Rs 1345 respectively.
All SWO- A will get SWO-B Allowance from 1-4-24
SWO A & B – Special Pay Rs. 1970 + DA from 1-4-2024
Head Cashier – Special Pay Rs. 3050 + DA from 1-4-2024
Special Assistant – Special Pay Rs. 4600 + DA from 1-4-2024
Armed Guard Rs. 795 + DA from 1-11-2022
Daftary Rs. 1145 + Da from 1-11-2022
Head Peon Rs. 1505 + DA from 1-11-2022
Driver Rs. 4825 + DA from 1-11-2022
Entire Special Pay and PQP will be eligible for all superannuation benefits
Special Allowance to clerical and sub-staff increased to 26.5% of Pay + DA
Officiating Pay – payable if officiating is done for 4 days in a month.
Officiating Pay – calculation formula improved to 15% of the Pay of the person officiating
Rates for room rent/lodging improved upon: Clerks: 3000/2500/2000
Rates for room rent/lodging improved upon Substaff: 1500/1250/1000
While staying in a Lodge/Hotel, food expenses @ 35% of Diem Allowance
For deputation from one branch to another Branch within the same station in population 12 lakhs and above cities – Diem Allowance is payable if the branch is 20 km away
Breakage Allowance while shifting personal goods on transfer increased to Rs. 2000/1400 for clerks
Breakage Allowance while shifting personal goods on transfer increased to Rs. 1400/100 for sub-staff
Deputation Allowance (to another organisation): – outstation 7.75% Max. 3750 and within the station: 4% Max. 1750
Hill and Fuel Allowance: Max. Increased to Rs. 2850, 1150 and 950
The washing Allowance for sub staff increased by Rs. 300 pm
Cycle/Two-wheeler Allowance increased to Rs. 150 pm
Special Area Allowance increased from 1-11-2022
Medical Aid to employees increased to Rs. 2830 per year
Leave Bank scheme to be introduced
Single male parents can avail of sick leave for the sickness of their child of up to 8 years
Employees can avail sick leave for the sickness of their Special Child of 15 years and below for a maximum period of 10 days in a year
Women employees shall be allowed to take one day of Sick Leave per month without the production of a medical certificate
In case of employees of the age of 58 years and above, sick leave may be granted towards hospitalization of the spouse at a centre other than the place of work and for a maximum period of 30 days in a calendar year
Employee shall be granted sick leave at the rate of one month for each year of service subject to a maximum of 720 days during the entire service
In case of delivery of more than two children in one single delivery, Maternity Leave shall be granted for 12 months
Bereavement leave is being introduced.
Advance notice of 10 days for availing privilege leave is waived for office bearers and Executive Committee members of a registered trade union.
Employees who are Defence Representatives in departmental enquiry proceedings may be granted one day of special leave to prepare the defence submissions of an employee. Such special leave shall be granted for a maximum of 10 occasions in a year.
Maternity Leave shall be granted once to a female employee for a maximum period of 9 months, for legally adopting a child who is below one year of age (even when a lady employee has one child)
Maternity Leave may be granted for In vitro fertility (IVF) treatment subject to the production of a medical certificate
2 days of Casual leave may be availed for half a day on 4 occasions in a year out of which 2 occasions would be in the morning and 2 occasions in the afternoon
Special maternity leave of up to 60 days shall be granted in case of stillborn or death of the infant within 28 days of birth
Annual Eye Checkup for all employees at Rs. 500 per year
All Banks will introduce the facility of a health checkup scheme for employees
Accumulated privilege leave may be encashed up to 255 days at the time of retirement/upon the death of an employee while in service
LFC Clerks: 4700 km / 2350 km & Substaff: 5400 km/2700 km
Reimbursement of fare by special trains like Rajdhani/ Shatabdi/ Tejas/ Vande Bharat/Amrit Bharat, etc. (except luxury trains) shall be allowed
Where an employee has applied for LFC/leave as per stipulated time and the same is sanctioned and when booking of train tickets is not possible, tickets purchased under Tatkal/premium tatkal will be reimbursed
Where an employee has applied for LFC/leave in advance and has also booked the tickets and the LFC is declined or deferred by the management, the cancellation charges will be reimbursed by the Bank
While availing LFC, a break-in journey shall be permitted up to two times in the overall journey, and train fare incurred by the employee up to the entitled distance shall be reimbursed.
LFC facility shall be allowed for an escort who accompanies an employee with benchmark disabilities
Income criteria for dependents: Increased from Rs. 12,000 to Rs. 18,000 per month
For the medical expenses reimbursement scheme, and Leave Fare Concession, for all employees, any two of the dependent, father, mother, father-in-law, and mother-in-law shall be covered. The employee will have the choice to substitute either of the dependents or both once in a calendar year
Where an employee has to travel on duty between two places, he shall be reimbursed the actual cost in case of travel by public transport or at Rs.11/- per k.m. plus toll fees, if any, if traveled by own vehicle
For LFC, if traveled by own vehicle, the employee shall be reimbursed a maximum of Rs.11/- per km., plus toll fees, if any, per vehicle, subject however, up to the maximum of train fare by the entitled class up to entitled distance.
All Pensioners (1-1-1986 to 31-10-2022) will be paid additional monthly Ex gratia w.e.f. 1-11-2022. Arrears will be paid.
The issue of exempting the additional 4% management contribution of PF for NPS employees from income tax recommended by IBA to the Government.
For those who have retired after 1-11-2022 till the date of settlement, they have the option either to claim revised commutation or get a higher pension as per new pay scales
Introduction of 5 days banking – recommended to Government
Employees contribution to PF will go up
Employees/Management’s contribution to NPS will go up
Arrears of wage revision will be paid w.e.f. 1-11-2022