PAY SCALES 

        (a) In supersession of Clause 4 of Bipartite Settlement dated 2nd June 2005, with effect from 1st November, 2007 the scales of pay shall be as under:-

 

      PAY SCALES: (With Effect from 01.11.2007)

      Clerks:                    6200 6600 7000 7400 7900 8400 8900 9500 10100 10700 11300 12000

                                    12700 13400 14100 14800 15500 16200 17500 18300                     (20 Years)

 

      Sub-staff:                5500 5700 5900 6100 6300 6550 6800 7050 7300 7550 7850 8150

                                    8450 8750 9100 9450 9800 10200 10600 11000                              (20 Years)

     

     (b) With effect from 1st May 2010, the scales of pay shall be as under:

 

      PAY SCALES: (With Effect from 01.05.2010)

      Clerks:                    7200 7600 8000 8400 8900 9400 9900 10500 11100 11700 12300 13000

                                    13700 14400 15100 15800 16500 17200 18500 19300                     (20 Years)

 

      Sub-staff:                5850 6050 6250 6450 6650 6900 7150 7400 7650 7900 8200 8500

                                    8800 9100 9450 9800 10150 10550 10950 11350                            (20 Years)

      Note:

(a)    Fitment in the new scales of pay shall be on a stage-to-stage basis.

(b)    There shall be no change in the dates of annual increments because of the fitment.                                          (Para 4 of BPS dated 27.04.2010)          

STAGNATION INCREMENT

In partial modification of Clause 5 of Bipartite Settlement dated 2nd June 2005 both clerical and subordinate staff (including permanent part-time employees on scale wages) shall be eligible for seven stagnation increments w.e.f. 1st November 2007 at the rate and frequency as stated herein under:

The clerical and subordinate staff including permanent part-time employees on scale wages on reaching the maximum in their respective scales of pay, shall draw seven stagnation increments at the rate of Rs.800/- and Rs.400/- (pro rata in respect of part-time employees) each due under this settlement, and at frequencies of 3 years and 2 years respectively, from the dates of reaching the maximum of their scales as aforesaid, except that the seventh stagnation increment in clerical cadre will be released after two years of receiving the sixth stagnation increment.

Provided that a clerical / subordinate staff (including permanent part-time employees on scale wages) already in receipt of six stagnation increments shall be eligible for the seventh stagnation increment on 1st November 2007 or two years after receiving the sixth stagnation increment, whichever is later.                                                                                                                                                                 (Para 5 of BPS dated 27.04.2010) 

 

PAY SCALES WITH STAGNATION INCREMENT: (With Effect from 01.11.2007)

          Clerks:                    18300 19100 19900 20700 21500 22300 23100 23900

          Sub-Staff:                11000 11400 11800 12200 12600 13000 13400 13800

    

          PAY SCALES WITH STAGNATION INCREMENT: (With Effect from 01.05.2010)

          Clerks:                    19300 20100 20900 21700 22500 23300 24100 24900

          Sub-Staff:                11350 11750 12150 12550 1295 13350 13750 14150

 

It is desirable to make clear that the scale of pay and dearness allowance and special allowance which we are laying down in our award represent only the minimum to which a workman will be entitled. It is not our intention to fetter the discretion or power of any bank to give its workmen or any of them higher salaries or wages or higher dearness allowance or additional allowance or benefits not mentioned in our award. Similarly even with reference to increments, the banks will have the liberty to give more than one increment in any particular year.

 (Para 122 of Sastri Award)