Bank Officers’ fitments/stagnation increments as per 10th BPS/Joint notes

Bank Officers’ fitments/stagnation increments as per 10th BPS/Joint notes

The stages of basic pay to officer cadres of banks as per 10th BPS/Joint note is as under.

Scale I- 23700-980(7)- 30560 -1145(2) -32850 -1310 (7)- 42020 (Plus stagnation increments as per chart)

Scale II-31705- 1145(1)- 32850 -1310(10) -45950 (Plus Stagnation increments as per chart)

Scale III-42020 -1310(5)- 48570 -1460(2)- 51490 (plus stagnation increments as per chart)

Scale IV- 50030- 1460(6) -55870- 1650(2)- 59170 (plus stagnation increment as per chart)

Scale V – 59170 – 1650(2)- 62470- 1800(2)- 66070

Scale VI -68680- 1960(4) -76520

Scale VII -76520 -2120(4)- 85000

The fitment chart  (including stagnation increments) for Officers who have moved  From JM 1to MM2, MM2 to MM3, MM3 to SM4, SM4 to SM5, SM5 to TM6, TM6 to TM7

+ Sliding

++ Stagnation increment

1. Normally, where an officer is promoted from one scale to another, the date of his increment shall be the anniversary date in the previous scale of pay. For those employees who placed in the lower clubbed stage of new scale the date of increment will be shifted to the date of promotion.
2. JAIIB/CAIIB increments if any will be deducted from the existing scale and accordingly new scale as per the fitment chart will be fixed. After fixing the new scale JAIIB/CAIIB increments will be added to the new scale.
3. Officers in JM Grade Scale I who have moved to scale of pay for MMG Scale II in terms of Regulation 5(b) after reaching maximum of the higher scale shall be eligible for four stagnation increments for every three completed years of service of which first two shall be Rs.1310/- each and next two Rs. 1460/- each.
4. Officers in MMG Scale II who have moved to scale of pay for MMG Scale III in terms of Regulation 5(b) after reaching maximum of higher scale shall be eligible for three stagnation increments of Rs.1460 /- each for every three completed years of service and a fourth stagnation increment of Rs.1460/- two years after receipt of third stagnation increment. Provided that officers who have completed two years or more after receipt of the third stagnation increment will get the fourth stagnation increment with effect from 1.5.2015.
5. Officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III shall be eligible for four stagnation increments of Rs.1460/- each for every three completed years of service and a fifth stagnation increment of Rs.1460/- two years after receipt of fourth stagnation increment provided that the officers who have completed two years after receipt of the fourth stagnation increment will get the fifth stagnation increment w.e.f 1.5.2015.
6. Officers in SMGS-IV shall be eligible for one stagnation increment of Rs. 1650/-three years after reaching the maximum scale w.e.f. 1.5.2015