Additional Stagnation Increment was considered for Bank Award Staff and Officers

FOR RETIREES BETWEEN 01/11/2012 TO 30/04/2015   :

References :

IBA CLARIFICATION NO. HR & IR/GMB/2020-21/9578 DT 29/01/2021 ON 10th BIPARTITE SETTLEMENT /7th JOINT NOTE SIGNED ON 25/05/2015

             AND

BANK HRMD CIRCULAR NO.563/2021 DT. 13/04/2021

**In the 10th BP/7th Joint Note signed on 25/05/2015 an additional Stagnation Increment was considered for Award Staff and Officers in MMG Scales II, III and SMG IV  to be notionally released from 01/11/2012 with monetary benefit to be paid from 01/05/2015.

**** It was decided that Banks with approval of their respective Boards can extend the benefit of notional stagnation increment for the purpose of Pension only to the Workmen and Officers who were otherwise eligible and retired during the period from 01/11/2012 to 30/04/2015, with monetary benefit from 01/05/2015.****

*****

NOW WHO ARE ELIGIBLE FOR THE ABOVE BENEFIT.  (PLEASE CHECK YOUR SALARY SLIPS OR ARREAR STATEMENT FOR THE PERIOD FROM 01/11/2012.)

A ) A SUBORDINATE STAFF retired from 01/11/2012 to 30/04/2015  :

        If you retire after two years from reaching Basic Pay of Rs. 14,150/=(7th Stagnation) of 9th BP you are eligible.

B)   A CLERICAL STAFF retired from 01/11/2012 to 30/04/2015  :

      If you retire after two years from reaching Basic Pay of Rs. 24,900/=(7th Stagnation) of 9th BP you are eligible.

C)  AN MMG SCALE II OFFICER retired from 01/11/2012 to 30/04/2015  :

         If you retire after two years from reaching 3rd Stagnation of Rs. 34,200/= of 6th Joint Note you are eligible.

D)  AN MMG SCALE III OFFICER  retired from 01/11/2012 to 30/04/2015  :

     If you retire after two years from reaching 4th Stagnation of Rs. 35,100/= of 6th Joint Note you are eligible.

E) AN SMG IV OFFICER retired from 01/11/2012 to 30/04/2015  :

       If you retire after two years from reaching maximum Basic Pay of Rs. 36,200/= of 6th Joint Note you are eligible.

AMITAVA MONDAL.