Banking Exam Forum

AIBEA Bank Wage Settlement News, New Salary Structure

0 Members and 1 Guest are viewing this topic.

Offline Sora

  • *****
  • 416
AIBEA Bank Wage Settlement News, New Salary Structure
« on: April 27, 2010, 11:46:15 PM »

1.               Scales of Pay


JMG Scale I – Rs.14500 - Rs.28100 + 2 Stg.increments of Rs.800 [available now] + 2 [new] addl.stag.increments @ Rs.900/- each


MMG  II – Rs.19400 - Rs 30600 + 2 stg.incements of Rs.900 [available now]+ 2 [new] Addl.stag.@ Rs.900/- each


MMG III – Rs.25700 to Rs.31500 + 2 stag.@ Rs.900 + 2 [new] Addl.stag.@ Rs.900 each

SMG IV – Rs.30600/- - Rs.36200/-

SMG V – Rs.36200 - Rs.40400/-

TEG VI-Rs.42000 – Rs.46800

TEG VII – Rs.46800 - Rs.52000/-


2.               Dearness allowance – for every 4 points rise/fall beyond 2836 points of CPI,
Dearness allowance at 0.15% per slab


3.               HRA @ 8.5%; 7.5%; 6.5% on revised Pay respectively.[BP+PQA+Stg.increments] for special places, Area I, other places.


4.               CCA @ same rate of 4% of BP and 3% of BP with max. at same amount ie; Rs.540/- and Rs.375/-respectively.


5.               Two additional stagnation increments for Scale I, II and III officers.  The first of which will be paybale from 1.11.2007 provided he/she has completed 3 years after receiving the II stagnation increment.  The fourth stagnation increment will be paid 3 years after drawing 3rd stagnation increment ie; 1.11.2010 or later.



6.               W.e.f. 1.5.2005 pension to officers retired during the period 1st April 1998 to 31.10.2002 will be refixed on pay definition in terms of Joint Note dated 14.12.1999 – No arrears / commutation in respect of this will be paid


7.               Similarly officers who retired in service during 1.11.2002 to 30.4.2005, Pension will be refixed pay as per Joint Note dated 2.6.2005.  No arrears or commutation will be payable.


8.               Medical Aid – JMG & MMG – Rs.5100/= and SMG & TEG –Rs.6200/- per annum


9.               Hospitalization


Upto scale III               Bed charges Rs.700/- for self per day

                                   Bed charges RS.525/- for family per day

                                   Other charges – 125% of workmen rates


Scale IV & above         Bed charges Rs.900/- for self per day

                                   Bed charges Rs.675/- for family per day

Other charges – 150% rates of workmen eligible for other charges


10.           Recovery – for rent 1.20% of first stage of pay and 0.25% for furniture of   first stage of pay or standard rent which ever is lower.


11.           FPP

    Increment    +     DA as on 1.11.2007 + HRA @ applicable rates

800                                                    58

900+                         65

1000+                       72

1100+                       79

1200+                       86

1300+                       94


12.           CAIIB Part I                           Rs.  410/- pm

CAIIB [both parts]                 Rs.1030/- pm


13.           Deputation Allowance

Outside the Bank – 7.75% of Basic pay with maximum of Rs.2300/ pm

Within the Bank   – 4% of Basic pay with maximum of RS.1200/- pm


14.           Hill Allowance

1000 meters                                    2% of BP max.Rs.550/ -pm

1500 meters less than 3000 meters 2.5% of BP max.Rs.680/-

3000 meters and above                   5% of BP max. of Rs.1570/-


15.           Halting allowance
A CLASS cities       AREA I         AREA II

                    Scale IV & above    1000                       800               700

                    Upto Scale III          800                         700               600


16.           LFC

a.  JMG entitled to travel by air to the eligibility I class AC

b.  Dependants income Rs.3500/- pm


17.           Project Area Allowance

Group A            Rs.290/= pm

Group B            Rs.255/- pm


     18.     Mid Academic Allowance       Rs.700/- pm


     19.     Split Duty Allowance    Rs.165/- pm


     20.    Date of effect – 01.11.2007

             [ except in the case of Hospitalisation. Halting allowance, Split Duty allowance,

               Mid Academic Transfer allowance and officiating allowance

              where it will be effective  from 1.5.2010 ]

« Last Edit: May 27, 2010, 05:21:29 PM by Sora »


With Quick-Reply you can write a post when viewing a topic without loading a new page. You can still use bulletin board code and smileys as you would in a normal post.

Warning: this topic has not been posted in for at least 180 days.
Unless you're sure you want to reply, please consider starting a new topic.

Note: this post will not display until it's been approved by a moderator.
Name: Email:
Type the letters shown in the picture
Listen to the letters / Request another image
Type the letters shown in the picture:
What is the Value of 91-3:

Subscribe To Enter your email address: