Bank Employees’Special Pay, PQP and other allowances as per 11th BPS

On Tuesday (11th November 2020), the representatives of UFBU (workmen) and representatives of IBA have signed the 11th Bipartite settlements. They finalized the various pay-slip components of special pay for PQP, SWO, Special Assistant, Armed guard, Bill collector, Daftry, Head Peon, Electrician, AC Plant operator, Driver, Head Messenger (IOB) including eligible DA are provided in Part A and details of all other benefits are given in part B

Details of Special Pay	Part A
Designation	OLD Spl pay	New Spl pay	Fixed all	total	DA on AB	Grand
		(A)	(B)	A+B	23.80%	total
Bill collector	390	590	97	687	163.45	850.21
Armed Gurd.	390	590	97	687	163.45	850.21
Daftry	560	850	139	989	235.48	1224.88
Head Peon	740	1120	184	1304	310.28	1613.96
Electrician	2040	3090	507	3597	856.03	4452.79
AC technician	2040	3590	589	4179	994.54	5173.30
Driver	2370	3590	589	4179	994.54	5173.30
SWO	820	1250	205	1455	346.29	1801.29
Head Cashier	1280	1940	318	2258	537.44	2795.60
spl.Asstt.	1930	2920	479	3399	808.93	4207.81
Graduation/PQP	Old	New (A)	Fixed all(B)	Total (A+B)	DA on A+B	Grand Total
After 1 year	410	625	103	728	173.15	900.65
After 2 years	800	1215	199	1414	336.59	1750.85
After 3 years	1210	1835	301	2136	508.35	2644.29
After 4 years	1620	2455	403	2858	680.11	3537.73
After 5 years	2010	3045	499	3544	843.56	4387.94
Head Messenger (IOB)	1630	2470	97	687	163.45	850.21
PART B Other Allowances & Reimbursements

Hill and Fuel Allowance (SBI not applicable) for award staff

Altitude of above 3000 Meters	8% Maximum Rs.2250
Altitude between 1500-3000 Meters	4% Maximum Rs.900
Altutude of up to 1500 Meters	3% Maximum Rs.750

Project area allowance

Group A	Clerk -: Rs.290	Sub-Staff-: Rs.230
Group B	Clerk -: Rs:230	Sub-Staff :Rs.200

Fixed Personal Pay at all centres

Cadre	Total FPP payable where bank’s accommodation not provided	Total FPP payable where bank’s accommodation provided
Clerk	Rs.2262	Rs.2043
Sub-staff	Rs.1140	Rs.1025

Halting allowance :w.e.f 1.11.2020

Cadre	Area population above 12 lacs	Area population 5-12 lacs	Other centres
Clerk	Rs.1050	Rs.900	Rs.675
Sub-Staff	Rs.750	Rs.6000	Rs.375

Halting expenses also paid by production of hotel rent receipt subject to ceiling

These things you need to know:

Brokerage charge on transfer of Clerk to other places: Rs.1650 (Receipt) & Rs.1100 (declaration)
Brokerage chargeon transfer of Sub-staff to other places: Rs.1100 (receipt) & 850(on declaration)
House rent allowance is 10.25% for all areas. (On transfer of an employee by the management HRA for all areas will be 11% or 150% of eligible HRA on the production of rent receipt.
Transport allowance of Rs.600 with DA for all
Split duty allowance of Rs.200 payable
Transportation Charges on transfer: Clerk: 3500 KG (married) 2500 KG Unmarried
Transportation Charges on transfer :Sub-staff: 2500 KG (married) 1500 Kg (Unmarried)
Annual Medical aid Rs.2355
Deployment Policy compensation amount: Rs.600
Washing allowance: Rs.200 p.m
Cycle allowance: Rs.150 p.m
Sub-staff passing JAIB/CAIIB is eligible for increment like a clerical staff

The performance-linked incentive (PLI) payable to all employees annually over and above normal salary.PLI matrix will decide the amount payable in a number of days’Basic+DA’ depending upon the bank’s performance as below

YOY growth in operating profit	No of days for which salary (Basic+DA) Shall be paid
<5%	Nil
5% to 10%	5 days
>10% to 15%	10 days subject to bank has net profit
>15%	15 days subject to bank has net profit