Wage revision details salary Halting allowance Diem, Hotel rent etc in details

 Salary in Banking Industry is governed by the Bipartite Settlement which is signed between Bank Employee’s/Officer’s Trade Union and Indian Bank’s Association. Here Trade Unions represent the Emplyee’s/Officer’s trade Union/Association and Indian Bank’s Association represents the Bank Management and Government.

Bank Salary is subject to revision after every 5^th year.  Present salary structure in Banking Industry is governed by the 11^th Bipartite Settlement/Joint Note which was signed on 11.11.2020 effective from 01.11.2017

(1) Basic Salary Slab:

#	Scales	Pay Band
1	Scale I	36000-1490/7-46430-1740/2-49910-1990/7-63840
2	Scale II	48170-1740/1-49910-1990/10-69810
3	Scale III	63840-1990/5-73790-2220/2-78230
4	Scale IV	76010-2220/4-84890-2500/2-89890
5	Scale V	89890-2500/2-94890-2730/2-100350
6	Scale VI	104240-2970/4-116120
7	Scale VII	116120-3220/4-129000

Basic Salary Chart with Scale-I to Scale- VII with Stagnation Increment:

Stage	JMG-1	MMG-2	MMG-3	SMG-4	SMG-5	TMG-6	TMG-7
1	36000	48170	63840	76010	89890	104240	116120
2	37490	49910	65830	78230	92390	107210	119340
3	38980	51900	67820	80450	94890	110180	122560
4	40470	53860	69810	82670	97620	113150	125780
5	41960	55880	71800	84890	100350	116120	129000
6	43450	57870	73790	87390	103320SI
7	44940	59860	76010	89890
8	46430	61850	78230	92390SI
9	48170	63840	80450SI	95120SI
10	49910	65830	82670SI
11	51900	67820	84890SI
12	53890	69810M	87110SI
13	55880	71800A	89610SI
14	57870	73790A	92110SI
15	59860	76010A
16	61850	78230A
17	63840M	80450SI
18	65830A	82670SI
19	67820A	84890SI
20	69810A	87110SI
21	71800SI	89330SI
22	73790SI
23	76010SI
24	78230SI
25	80450SI	M= Maximum of Present Scale SI= Stagnation Increment A= Annual Increment as per regulation 5(b) Regulation 5(b)- "Officers in Scale I and Scale II, one year after reaching the maximum in their respective scales, shall be granted further increments including stagnation increments in the next higher scale only as specified under subject to their crossing the efficiency bar as per guidelines of the Government."      Stagnation Increments: 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 five stagnation increments for every two completed years of service of which first two shall be ₹1990/- each and next two shall be ₹2220/- each. The fifth stagnation increment of ₹2220/- will be released two years after the receipt of fourth stagnation increment or w.e.f. 01.11.2017 whichever is later. 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 five stagnation increments. First four stagnation increment of ₹2220/- will be released after every two completed years of service after reaching maximum on the higher scale. The fifth stagnation increment of ₹2220/- will be released two years after the receipt of fourth stagnation increment or w.e.f. 01.11.2017 whichever is later.   Officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III shall be eligible for six stagnation increments. First four stagnation increment of ₹2220/- will be released after every two completed years of service. The fifth stagnation increment of ₹2500/- will be released two years after the receipt of fourth stagnation increment. The sixth stagnation increment of ₹2500/- will be released two years after the receipt of fifth stagnation increment or w.e.f. 01.11.2017 whichever is later. Officers in SMGS-IV shall be eligible for two stagnation increment of ₹2730/- each two years after reaching the maximum of scale w.e.f. 01.11.2017.   Officers in SMGS-V shall be eligible for one stagnation increment of ₹2970/- two years after reaching the maximum of scale w.e.f. 01.11.2020.  (2) Dearness Allowance: For details of DA paid to Clerk and Sub Staff in Bank Please Refer Latest Bank DA Page-Click Here (3) Special Allowance:  With the signing of 10th Bipartite Settlement, IBA has introduced an allowance called Special Allowance which is calculated as a % of basic pay per month. DA is also payable on Special Allowance. Special Allowance is not eligible for any retirement benefits. Scale Scale 1,2, 3 Scale 4,5 Scale 6,7 % of Basic 16.4 19 20   (4) House Rent Allowance:  HRA is paid as a % of basic as per the following limits   # Population HRA as % of basic for all officers 1 Metro and Major 'A' Class cities 9.00% 2 Area 1 Cities 8.00% 3 All other places 7.00%  (5) City Compensatory Allowance:   # Places Limit 1 Places in area 1 & Goa ₹1400/- p.m. 2 Places with population of 5lakhs+ and  (6) Location Allowance for Non- CCA Centers: W.e.f. 01.11.2017 a fixed allowance of ₹700/- p.m. is payable to all officers posted in areas other than that are eligible for CCA. This allowance is not eligible for DA,Pension etc.     (7) Medical Aid: For Scale 1 to Scale 3- ₹10300/- p.a. For Scale 4 to Scale 7- ₹12300/-p.a.   (8) Learning Allowance: W.e.f. 01.11.2017 Officers shall be paid Learning Allowance of ₹600/- together with applicable DA thereon   (9) Fixed Personal Pay: Fixed personal pay is payable to the employees who were in Bank's service as on 01.11.1993. It is payable to the officers who are provided with Bank's accommodation. It is payable after reaching maximum in his pay scale as per the following limit Increment Component DA as on 1.11.2017 Total F.P.P. payable (A+B) (A) (B) (C) 1990 53 2043 2220 59 2279 2500 66 2566 2730 73 2803 2970 79 3049 3220 86 3306    (10) Recovery of House/Furniture Rent: House rent recovery shall be @ 0.50 % of the first stage of the scale of pay in which the officer is placed or the standard rent for the accommodation, whichever is less. Furniture rent recovery shall be @ 0.10% of the first stage of the scale of pay in which the officer is placed.   (11) Halting Allowance: Scales of Officers Metro Major ‘A’ Class Cities Area I Other Places Scale VI & above 2700 1950 1650 1425 Scale IV & V above 2250 1950 1650 1425 Scale I/II/III 1950 1650 1425 1200     (12) Lodging Expenses: Scales of Officers Major ‘A’ Class Cities Area I Other Places Scale VI & VII 6800 3400 3000 Scale VI & V 4000 2400 2000 Scale II & III 2400 1600 1200 Scale I 1600 1200 800     (13) Professional Qualification Pay (PQP): Those who have passed only CAIIB – Part I / JAIIB  ₹1020/- p.m. one year after reaching top of the scale. Those who have passed both parts of CAIIB – ₹1020/- p.m. one year  after reaching top of the scale. ₹2550/- p.m. two years after reaching top of the scale.   (14) Leave Travel Concession (LTC): During each block of 4 years, an officer shall be eligible for leave travel concession for travel to his place of domicile once in each block of two years. Alternatively, he may travel in one block of two years to his place of domicile and in another block of two years to any place in India by the shortest route. For definition of Family for the purpose of this scheme please Click Here (15) Encashment of LTC: Scale Eligibility class by train (not Rajdhani) Encashment per Unit for 2/4  years Block (Other than Home town Travel) Scale I to III II AC 4500km for one way Scale IV and above I AC 5500 for one way 30 days PL can also be encashed in a block of 4 years   (16) Mode of Travel: Scale Mode of Travel Scale 1 1st class or AC II tier sleeper or by air (economy class, if permitted by competent authority) Scale 2,3 1st class or AC II tier sleeper or by air (economy class) if distance is beyond 1000 kms Scale 4,5,6,7 AC 1st Class or by Air (economy class)    (17) Deputation Allowance: Place Rate and Limit Outside the Bank 7.75% of pay - Max.6000/- pm Same Place or Training Centers 4.00% of Pay- Max.3000/- pm (18)  Compensation on Transfer: Scale Limit Scale IV and above 30,000/- Scale I, II and III 25,000/-    (19) Hill & Fuel Allowance: # Places Rate and Limit 1 Places with an altitude of 1000 meters and above but less than 1500 meters and Mercara Town 2% of Pay, maximum 1125/- pm 2 Places with an altitude of 1500 meters and above but less than 3000 meters 2.5% of Pay, maximum 1500/- pm 3 Places with an altitude of 3000 meters and above 5% of Pay, maximum 3000/- pm (20) Closing Allowance:  A closing allowance of ₹250/- is payable to all officers except those working in administrative offices. This may vary from bank to bank.   (21) Mid Academic Year Transfer Allowance:  Mid Academic Year Transfer Allowance shall be payable at ₹1650/- p.m. This may vary from bank to bank.   (22) Project Area Allowance: Project Areas Falling in Group A ₹600/- Project Areas Falling in Group B ₹525/-   (23) Split Duty Allowance: Split Duty allowance shall be a payable at ₹300/-    (24)  Travel by own Car: Any travel  for Bank work which is not covered under any other scheme will be paid as below: Cars (1000cc and above) - ₹9.00/km Cars (less than 1000cc)- ₹7.00/km M/cycle, Scooter- ₹4.50/km Moped- ₹3.00/km   (25) Officiating Allowance: Payable @6% on performing duties attached to higher post (Scale), provided that officiating is minimum 7 days a month or 7 days continuous period. It is also eligible for PF.   (26) Conveyance Allowance to Blind and Ortho Handicapped: Payable at @5% of Basic, max. ₹400-/ p.m.   (27) Residential Accommodation Facility:  Scale Mumbai/Delhi Major A Cities Category A Category B Category C 1 18000/17000 15000 10000 8000 6000 2 20000/18000 16000 12000 9000 7000 3 22000/20000 18000 14000 11000 8500 4 25000/24000 22000 15000 13000 12000 5 35000/30000 24000 18000 18000 15000 6 40000/35000 30000 25000 25000 20000 7 50000/45000 35000 32000 - -   (28) Travel Expenses Reimbursement (Petrol in Liters): For Four Wheeler: Scale Metro/Major A Cities (Liters) Category A(Liters) Category B(Liters) Category C(Liters) 1 55 55 50 45 2 70 70 60 55 3 90 90 75 60 4 90 90 75 60  For Two Wheeler:  Vehicle Metro/Major A Cities (Liters) Category A(Liters) Category B(Liters) Category C(Liters) M/cycle, Scooter 45 45 40 30 Moped 40 40 30 25  Monetary Limit in Case No Vehicle is owned by Officer: Scale Limit 1 ₹500 2 ₹675 3 ₹675 4 ₹800     (29) Furniture Scheme: Scale Limit(₹) Scale 1 100000 Scale 2 150000 Scale 3 200000 Scale 4 & 5 250000 Scale 6 & 7 300000   (30) Other Misc. Allowance ans Facilities: # Facilities/Allowances Limits a Wellness/ Newspaper Expenses These are paid as per scale from ₹250-₹1500 pm b Cleaning Material These are paid as per scale from ₹500-₹2000 pm c Entertainment Expenses These are paid as per scale from ₹4000-₹30000 per year d Supply of Briefcase These are paid as per scale once in 5 years from  ₹1000-₹3000 e Telephone Facility These are paid as per scale from ₹350-₹2000pm f Mobile Handset Facility These are paid as per scale from ₹4000-₹30000 g Expenses on Transfer If distance on transfer is upto 300 kms then 300kms* ₹2.80/ton *12 ton=₹10080/- when IBA approved Trasporter is used. If distance on transfer is upto 300 kms then 300kms* ₹2.80/ton *6 ton=₹5040/- when IBA approved Trasporter is NOT used. If distance is more than 300kms then amount will be reimbursed as per actual IBA approved transporter bill     (31) Encashment of 5/7 days PL per year: Employees are allowed to encash 5 PL per year on any festival of their choice. Employees above the age of 55 years are allowed 7 PL encashment . (32) Special Area Allowance: Special Area Allowance is payable as mentioned in my previous post wage