PROVIDENT FUND
a) Employees who had joined the Banks prior to 1-4-2010 and opted to continue under Contributory PF would contribute 10% of their Pay every mnth with matching contribution from the…
PENSION
AGE OF RETIREMENT :60 years Those who joined the Banks before 1-4-2010 and had opted for pension scheme are covered by the pension Scheme in lieu of CPF. Basic pension…
DUTIES OF SUBSTAFF
All the normal and routine duties of the subordinate staff cadre and for performance of which no special pay shall be payable. In addition they shall also be required to…
WORKING HOURS
Clerks – 6 ½ hours Substaff other than Drivers and Watch and Ward – 7 hours Drivers – 7 ½ hours Watch and Ward – 8 hours
Hill and Fuel Allowance
Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November 2017: 11th Bipartite Settlement a. At places situated at a height of 3000 meters…
Special Pay – Sub Staff
Post Special Pay Armed Guard 590 Bill Collector 590 Daftary 850 Head Peon 1120 Electrician 3090 AC Plant Operator 3090 Driver 3590 Head Messenger in IOB 2470
Transport Allowance
With effect from 1st November 2017, Transport Allowance shall be paid as under; Note : 11th Bipartite Settlement All Clerical and Subordinate Staff Rs. 600 per monthwith applicable DA thereon…
Special Allowance
With effect from 1.11.2017, workmen employees shall be paid Special Allowance as under: – 16.40 % of the Basic pay with applicable DA thereon.Note: The Special Allowance with applicable DA…
House Rent Allowance
With effect from 1st November 2017, the House Rent Allowance payable to subordinate and clerical staff shall be as under:- 11th Bipartite Settlement Rate as percentage of ‘Pay’ Area At…
Dearness Allowance
With effect from 1st November 2017, the Dearness Allowance shall be payable as per the following rates: – Clerical and Subordinate Staff 0.07 % of ‘pay’ per slab of four…