Salient features of the 11th Bipartite Settlement: D.A, HRA, Pay Scales, Special Pay, Stagnation Increments, FPP, and Other Allowances

 Salient features of the 11th Bipartite Settlement: D.A, HRA, Pay Scales, Special Pay, Stagnation Increments, FPP, and Other Allowances ALL INDIA

ALL INDIA BANK EMPLOYEES’ ASSOCIATION

Salient features of the 11th Bipartite Settlement

Pay Scales (Merger at 6352 Points									Stagnation Increments – 9
Clerks	17900 – 1000/3 – 20900 – 1230/3 – 24590 – 1490/4 – 30550 – 1730/7 – 42660 – 3270/1 – 45930 – 1990/1 – 47920								Clk : 9 – once in 2 yrs. Rs.65830
Sub-staff	14500 – 500/4 – 16500 – 615/5 – 19575 – 740/4 – 22535 – 870/3 – 25145 – 1000/3 – 28145								SS : 9 – once in 2 yrs. Rs.37145
D.A. Rates (%) per slab						Special Pay – Clerks (No change in Duties)		Fixed Personal Pay (All areas)
0.07% per slab over 6352 points						Single Window Operator	1250	Category		No Qrs.	Qrs.	Incre ment
Quarterly D.A. slabs and % from 1.11.2017 to 31.1.2021						Head Cashier II	1940
Quarter	Avg. Index	Slabs		D.A. %		Special Assistant	2920	Clerk		2262	2043	1990
		10th BP	11th BP	10th BP	11th BP	Special Pay – Substaff (No change in Duties)		Substaff		1140	1025	1000
Nov-17	6504	516	38	51.60%	2.66%	Bill Collector/Armed Guard	590	Leave Fare Concession
Feb-18	6548	527	49	52.70%	3.43%	Daftary	850		4 years		2 years
May-18	6556	529	51	52.90%	3.57%	Head Peon	1120	Clerks	4400		2200
Aug-18	6604	541	63	54.10%	4.41%	Electrician/AC Plant Helper Driver	3090	Substaff	5200		2600
Nov-18	6868	607	129	60.70%	9.03%		3590	Road Milege charges Rs.8/- per Km.
Feb-19	6884	611	133	61.10%	9.31%	Graduation Pay/Professional Qualification Pay		LFC/Hospitalisation- Dependent income Rs.12,000/-
May-19	7020	645	167	64.50%	11.69%	Graduation Pay/POP-After 1 year	625
Aug-19	7164	681	203	68.10%	14.21%	Graduation Pay/POP-After 2 years	1215	Employees will be permitted to travel by own car while on LFC
Nov-19	7308	717	239	71.70%	16.73%	Graduation Pay/POP-After 3 years	1835
Feb-20	7476	759	281	75.90%	19.67%	Graduation Pay/POP-After 4 years	2455	Train fare by Shatabdi and Rajdhani express trains (non-Executive Class) will be reimbursed under LFC if travel is undertaken by these trains.
May-20	7484	761	283	76.10%	19.81%	Graduation Pay/POP-After 5 years	3045
Aug-20	7540	775	297	77.50%	20.79%	House Rent Allowance
Nov-20	7712	818	340	81.80%	23.80%	10.25% for ALL areas.
Provident Fund			NPS			Recov. for qrs – 0.20% of the 1st stage of Pay Scale.		Charges for local sightseeing while on LFC will be reimbursed within the entitlement on production of bills from approved operators.
10% on revised Pay			14% on revised Pay + D A			Transport Allowance (with D A)
Special Allowance (with D A)						For Clk and SS – Rs.600/- p.m. For PT Employees – Pro-rata on Rs.600/- p.m. D A is payable on this
16.40% of Basic Pay. D A is payable on this allowance.								GST charges on train fare will be paid over and above the entitlement
Hill & Fuel – 8% Max. 2250, 4% Max. 900, 3% Max. 750						Medical Aid
Proj Area Comp Allow. – Clk – 290, 230 – SS – 230, 200						Rs.2,355/- p.a.		For actual travel under LFC, train fare under dynamic fare system as on the date of booking of tickets will be reimbursed.
Split Duty Allowance – Rs.200/- p.m.						Medical Insurance Policy/Cashless Medical Scheme: For employees/retires will continue.
Washing Allowance – Rs.200/- p.m.
Cycle Allowance – Rs.150/- p.m.						Deployment policy compensation amount Rs. 600 pm.		LFC – if husband and wife both are working in the same Bank, they will be entitled to LFC individually.
Halting Allow. – Clk – 1050, 900, 675 – SS – 750, 600, 375						On transfer of an employee by the management, HRA will be 150% of normal HRA subject to production of rent receipt.
Can also claim halting expenses reimbursement by production of hotel rent receipt subject to ceiling.
								One more option to choose 2 or 4 years.