Bank Officers Revised Salary – Nov 2020

We have prepared the November 2020 pay-slip chart (shown below) for bank officers taking into following points in terms of 8^th Joint note signed by representatives of officers associations and IBA representatives  on 11.11.2020).

	OLD BASIC	NEW BASIC (A)	SPL All (B)	Learning All ( C )	TOTAL (A+B+C)	DA	CCA	HRA	Total without HRA	Total with HRA
1	23,700	36,000	5904	600	42,504	10115.95	1400	3240	54,020	57,260
2	24,680	37,490	6148	600	44,238	10528.73	1400	3374.1	56,167	59,541
3	25,600	38,980	6393	600	45,973	10941.51	1400	3508.2	58,314	61,822
4	26,640	40,470	6637	600	47,707	11354.29	1400	3642.3	60,461	64,104
5	27,620	41,960	6881	600	49,441	11767.06	1400	3776.4	62,609	66,385
6	28,600	43,450	7126	600	51,176	12179.84	1400	3910.5	64,756	68,666
7	29,580	44,940	7370	600	52,910	12592.62	1400	4044.6	66,903	70,947
8	30,560	46,430	7615	600	54,645	13005.4	1400	4178.7	69,050	73,229
9	31,705	48,170	7900	600	56,670	13487.43	1400	4335.3	71,557	75,893
10	32,850	49,910	8185	600	58,695	13969.47	1400	4491.9	74,065	78,557
11	34,160	51,900	8512	600	61,012	14520.76	1400	4671	76,932	81,603
12	35,470	53,890	8838	600	63,328	15072.05	1400	4850.1	79,800	84,650
13	36,780	55,880	9164	600	65,644	15623.35	1400	5029.2	82,668	87,697
14	38,090	57,870	9491	600	67,961	16174.64	1400	5208.3	85,535	90,744
15	39,400	59,860	9817	600	70,277	16725.94	1400	5387.4	88,403	93,790
16	40,710	61,850	10143	600	72,593	17277.23	1400	5566.5	91,271	96,837
17	42,020	63,840	10470	600	74,910	17828.52	1400	5745.6	94,138	99,884
18	43,330	65,830	10796	600	77,226	18379.82	1400	5924.7	97,006	102,931
19	44,640	67,820	11122	600	79,542	18931.11	1400	6103.8	99,874	105,977
20	45,950	69,810	11449	600	81,859	19482.4	1400	6282.9	102,741	109,024
21	47,260	71,800	11775	600	84,175	20033.7	1400	6462	105,609	112,071
22	48,570	73,790	12102	600	86,492	20584.99	1400	6641.1	108,477	115,118
23	5,030	76,010	12466	600	89,076	21200	1400	6840.9	111,676	118,517
24	51,490	78,230	12830	600	91,660	21815.01	1400	7040.7	114,875	121,915
25	52,950	80,450	13194	600	94,244	22430.02	1400	7240.5	118,074	125,314
26	54,410	82,670	13558	600	96,828	23045.04	1400	7440.3	121,273	128,713
27	55,870	84,890	13922	600	99,412	23660.05	1400	7640.1	124,472	132,112
28	57,330	87,110	14286	600	101,996	24275.06	1400	7839.9	127,671	135,511
29	57,520	87,390	14332	600	102,322	24352.63	1400	7865.1	128,075	135,940
30	58,790	89,830	14650	600	105,080	25009.07	1400	8039.7	130,870	138,910

SCALE IV & V
	OLD BASIC	NEW BASIC (A)	SPL All (B)	Learning All ( C )	TOTAL (A+B+C)	DA	CCA	HRA	Total without HRA	Total with HRA
1	50,030	76,010	14442	600	91,052	21670.35	1400	6840.9	114,122	120,963
2	51,490	78,230	14864	600	93,694	22299.1	1400	7040.7	117,393	124,434
3	52,950	80,450	15286	600	96,336	22927.85	1400	7240.5	120,663	127,904
4	54,410	82,670	15707	600	98,977	23556.6	1400	7440.3	123,934	131,374
5	55,870	84,890	16129	600	101,619	24185.35	1400	7640.1	127,204	134,845
6	57,520	87,390	16604	600	104,594	24893.4	1400	7865.1	130,887	138,753
7	59,170	89,890	17079	600	107,569	25601.45	1400	8090.1	134,571	142,661
8	60,820	92,390	17554	600	110,544	26309.5	1400	8315.1	138,254	146,569
9	62,470	94,890	18029	600	113,519	27017.55	1400	8540.1	141,937	150,477
10	64,270	97,620	18548	600	116,768	27790.74	1400	8785.8	145,959	154,744
11	66,070	100,350	19067	600	120,017	28563.93	1400	9031.5	149,980	159,012

SCALE VI & VII
	OLD BASIC	NEW BASIC (A)	SPL All (B)	Learning All ( C )	TOTAL (A+B+C)	DA	CCA	HRA	Total without HRA	Total with HRA
1	68,680	104,240	20848	600	125,688	29913.74	1400	9381.6	157,002	166,383
2	70,640	107,210	21442	600	129,252	30761.98	1400	9648.9	161,414	171,063
3	72,600	110,180	22036	600	132,816	31610.21	1400	9916.2	165,826	175,742
4	74,560	113,150	22630	600	136,380	32458.44	1400	10183.5	170,238	180,422
5	76,520	116,120	23224	600	139,944	33306.67	1400	10450.8	174,651	185,101
6	78,640	119,340	23868	600	143,808	34226.3	1400	10740.6	179,434	190,175
7	80,760	122,560	24512	600	147,672	35145.94	1400	11030.4	184,218	195,248
8	82,880	125,780	25156	600	151,536	36065.57	1400	11320.2	189,002	200,322
9	85,000	129,000	25800	600	155,400	36985.2	1400	11610	193,785	205,395

1. DA would be at 0.07% per slab of 4 points over 6352 points.
2. HRA at 9%, 8%, and 7% remain unchanged. (Officers staying in bank quarters are not eligible for HRA. We have calculated HRA@ 9% for the illustration purpose. Officers who are entitled to HRA @ 8% or 7% shall get a slightly lower amount than what is shown as total salary with HRA in the chart.
3. CCA at the higher area is Rs.1400 and Rs.1150 for lower centers (We have taken Rs.1400 as CCA in the calculation. Officers who are eligible for CCA of Rs.1150 will get Rs.250 less in the gross salary shown in the chart.
4. Newly introduced Location Allowance for Non-CCA centers Rs.700 per month w.e.f. 1.11.2017. Officers of non-CCA center branches (who are not eligible for CCA) will get Rs.700 less in the gross salary shown in the chart.
5. Learning Allowance a new feature has been introduced w.e.f 1.11.2017 at the rate of Rs.600 with applicable DA thereon for all officers
6. One additional stagnation increment is introduced for Scale 1 to 4, w.e.f. 1.11.2017.
7. Scale V officers get one stagnation increment with effect from 1.11.2020
8. Periodicity of all such stagnation increments will be 2 years

9. Fixed Personal Pay together with House Rent Allowance shall be at the following rates and shall remain frozen for the entire period of service.

Increment Component (Rs) (A)	DA as on 01.11.2017 (Rs) (B)	Total F.P.P. payable where bank’s accommodation is provided (A+B) (Rs)
1990	53	2043
2220	59	2279
2500	66	2566
2730	73	2803
2970	79	3049
3220	86	3306

* F.P.P. for officers eligible for House Rent Allowance shall be “A” + “B” plus House Rent Allowance payable on the last increment of the relevant scale of pay.

*The increment component of F.P.P. shall rank for superannuation benefits.

*  Only officers who were in the service of the bank on or before l.11.93 will be eligible for F.P.P one year after reaching the maximum scale of pay they are placed

10. Professional Qualification Pay (PQP) (w.e.f. l.ll.2017)

(A) (i) Officers shall be eligible for professional qualification pay as under:

1.  Those who have passed only CAIIB -Part I / JAIIB Rs.1020/- p.m. one year after reaching top of the scale.
2.  Those who have passed both parts of CAIIB –

    a. 1020/- p.m. one year after reaching top of the scale.

    b. 2550/- p.m. two years after reaching top of the scale.

An Officer employee acquiring JAIIB/CAIIB (either or both parts) qualifications after reaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment of PQP and – the release of subsequent installments of PQP shall be with reference to the date of release of first installment of PQP.

11. All existing stagnation increments will be now of 2 years notionally w.e.f 1.11.2017 for the purpose of superannuation benefits. All accumulated increments shall be released w.e.f 01.11.2020