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 the relevant period on the basis of wage settlement dated 11.11.2020. This post provides requisite figures of basic salary, Special Pay, PQP, FPP, and DA for the relevant periods, both under 10th BPS, and salary payable for the relevant period as per 11th BPS. We have also prepared a similar ready reckoner for Bank Officers. (Please click Ready reckoner for Bank Officers).
In view of reducing the size of this post, we have prepared separate posts for the calculation of gratuity, pension, and commutation of pension where we have explained the method of calculation with the formula of calculation with various illustrations. Click “Calculation” to reach that page. Those who have confusion over their stagnation fitment in 11th BPS), may click “Stagnation” to ascertain their eligibility for the next stagnation increment or Stagnation increment as per the latest wage revision. Hope this calculator will help our retirees to calculate on their own the arrears of money receivable by them.
BASIC SALARY OF CLERK AND SUB-STAFF DURING 10th BPS AND 11th BPS
| CLERK | OLD-w.e.f. 1.11.2012 | NEW-w.e.f 1.11.2017 | SUB-STAFF | OLD-w.e.f 1.11.2012 | New- w.e.f 1.11.2017 |
| 1 | 11765 | 17900 | 1 | 9560 | 14500 |
| 2 | 12420 | 18900 | 2 | 9885 | 15000 |
| 3 | 13075 | 19900 | 3 | 10210 | 15500 |
| 4 | 13730 | 20900 | 4 | 10535 | 16000 |
| 5 | 14545 | 22130 | 5 | 10860 | 16500 |
| 6 | 15360 | 23360 | 6 | 11270 | 17115 |
| 7 | 16175 | 24590 | 7 | 11680 | 17730 |
| 8 | 17155 | 26080 | 8 | 12090 | 18345 |
| 9 | 18135 | 27570 | 9 | 12500 | 18960 |
| 10 | 19115 | 29060 | 10 | 12910 | 19575 |
| 11 | 20095 | 30550 | 11 | 13400 | 20315 |
| 12 | 21240 | 32280 | 12 | 13890 | 21055 |
| 13 | 22385 | 34010 | 13 | 14380 | 21795 |
| 14 | 23530 | 35740 | 14 | 14870 | 22535 |
| 15 | 24675 | 37470 | 15 | 15440 | 23405 |
| 16 | 25820 | 39200 | 16 | 16010 | 24275 |
| 17 | 26965 | 40930 | 17 | 16580 | 25145 |
| 18 | 28110 | 42660 | 18 | 17235 | 26145 |
| 19 | 30230 | 45930 | 19 | 17890 | 27145 |
| 20 | 31540 | 47920 | 20 | 18545 | 28145 |
| Stagnation 1 | 32850 | 49910 | Stagnation 1 | 19200 | 29145 |
| stagnation 2 | 34160 | 51900 | stagnation 2 | 19855 | 30145 |
| Stagnation 3 | 35470 | 53890 | Stagnation 3 | 20510 | 31145 |
| Stagnation 4 | 36780 | 55880 | Stagnation 4 | 21165 | 32145 |
| Stagnation 5 | 38090 | 57870 | Stagnation 5 | 21820 | 33145 |
| Stagnation 6 | 39400 | 59860 | Stagnation 6 | 22475 | 34145 |
| Stagnation 7 | 40710 | 61850 | Stagnation 7 | 23130 | 35145 |
| Stagnation 8 | 42020 | 63840 | Stagnation 8 | 23785 | 36145 |
| Stagnation 9 | – | 65830 | Stagnation 9 | – | 37145 |
Special Pay
| Designation | 1.11.2012 | 1.11.2017 | Designation | 1.11.2012 | 1.11.2017 |
| Special Assistant | 1930 | 2920 | Bill collector | 390 | 590 |
| Head Cashier | 1280 | 1940 | Armed Gurd. | 390 | 590 |
| SWO | 820 | 1250 | Daftry | 560 | 850 |
| Head Peon | 740 | 1120 | |||
| Electrician | 2040 | 3090 | |||
| AC technician | 2040 | 3590 | |||
| Driver | 2370 | 3590 | |||
| Head Messenger(IOB) | 1630 | 2470 |
DA rate applicable to Bank employees for the period November 2017 to November 2020:
| For the Quarter | 10 th BPS | 11th BPS |
| Nov 17 to Jan 18 | 51.60% | 2.66% |
| Feb 18 to April 18 | 52.70% | 3.43% |
| May 18 to July 18 | 52.90% | 3.57% |
| Aug 18 to Oct 18 | 54.10% | 4.41% |
| Nov 18 to Jan 19 | 60.70% | 9.03% |
| Feb 19 to April 19 | 61.10% | 9.31% |
| May 19 to July 19 | 64.50% | 11.69% |
| Aug 19 to Oct 19 | 68.10% | 14.21% |
| Nov 19 to Jan 20 | 71.70% | 16.73% |
| Feb 20 to April 20 | 75.90% | 19.67% |
| May 20 to July 20 | 76.10% | 19.81% |
| Aug 20 to Oct 20 | 77.50% | 20.79% |
| Nov 20 to Jan 21 | 81.80% | 23.80% |
Professional Qualification Pay/Graduation Pay (PQP) :
| 11th BPS | 10th BPS | |
| 1 year after reaching 20th stage | 625 | 410 |
| 2 years after reaching 20th stage | 1215 | 800 |
| 3 years after reaching 20th stage | 1835 | 1210 |
| 4 years after reaching 20th stage | 2455 | 1620 |
| 5 years after reaching 20th stage | 3015 | 2010 |
Fixed Personal Pay ( FPP ) :
| 11TH BPS | 10TH BPS | |
| CLERICAL – Increment portion | 2262 | 1310 |
| SUBSTSAFF – Increment portion | 2043 | 655 |
| FPP – where Quarters are provided | 11TH BPS | 10TH BPS |
| CLERICAL – Increment portion | 2043 | 1450 |
| SUBSTSAFF – Increment portion | 1025 | 725 |
Related Post:
Economists may define the subject of economics in several ways considering different aspects of the…
The total target and sub-targets set under priority sector lending for all scheduled commercial banks…
(This post elucidates Poverty Alleviation, Jobless growth, Rising Inequalities, Migration and excessive pressure on resources,…
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the…
The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the…
Global issues are problems of economic, environmental, social, and political concerns that affect the entire…