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 represents the Employees/Officer’s
trade Union/Association and Indian Bank’s Association represents the Bank
Management and Government.
Bank Salary is subject to revision after every 5th year. Present salary structure in Banking Industry is governed by the 11th Bipartite Settlement which was signed on 11.11.2020 effective from 01.11.2017
(1) Basic Pay
Designation |
Pay Band |
Clerk |
11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540 |
Sub Staff |
9560-325/4-10860-410/5-12910-490/4-14870-570/3-16580-655/3-18545 |
Salary of Award Staff w.e.f. 01.11.2012 as per
10th Bipartite Settlement
Stages |
Clerk |
Sub-staff |
1 |
11765 |
9560 |
2 |
12420 |
9885 |
3 |
13075 |
10210 |
4 |
13730 |
10535 |
5 |
14545 |
10860 |
6 |
15360 |
11270 |
7 |
16175 |
11680 |
8 |
17155 |
12090 |
9 |
18135 |
12500 |
10 |
19115 |
12910 |
11 |
20095 |
13400 |
12 |
21240 |
13890 |
13 |
22385 |
14380 |
14 |
23530 |
14870 |
15 |
24675 |
15440 |
16 |
25820 |
16010 |
17 |
26965 |
16580 |
18 |
28110 |
17235 |
19 |
30230 |
17890 |
20 |
31540 |
18545 |
# |
Clerk |
Basic |
Sub Staff |
Basic |
1 |
1 after 3 yrs |
32850 |
1 after 2yrs |
19200 |
2 |
2 after 3 yrs |
34160 |
2 after 2yrs |
19855 |
3 |
3 after 3 yrs |
35470 |
3 after 2yrs |
20510 |
4 |
4 after 3 yrs |
36780 |
4 after 2yrs |
21165 |
5 |
5 after 3 yrs |
38090 |
5 after 2yrs |
21820 |
6 |
6 after 2 yrs |
39400 |
6 after 2yrs |
22475 |
7 |
7 after 2 yrs |
40710 |
7 after 2yrs |
23130 |
8 |
8 after 2 yrs |
42020 |
8 after 2yrs |
23785 |
For details of DA paid to Clerk and Sub Staff in Bank Please Refer Bank DA page (Click Here) Definition of Pay for DA : Basic Pay, Stagnation increments, PQP, Special Pay, Officiating Pay, Special Allowance
Clerk |
|||
1 |
Single Window Operator |
820 |
|
2 |
Head Cashier-II |
1280 |
|
3 |
Special Assistant |
1930 |
|
Sub-Staff |
|||
4 |
Armed Guard |
390 |
|
5 |
Daftary |
560 |
|
6 |
Head Peon |
740 |
|
7 |
Electrical/AC Plant Helper |
2040 |
|
8 |
Driver |
2370 |
# |
Population |
HRA as % of basic for both Clerk & Sub Staff |
1 |
45Lakh & Above |
10.00% |
2 |
12Lakh to 45 Lakh |
9.00% |
3 |
Below 12Lakhs |
7.50% |
# |
PQP |
Limit |
1 |
After 1 year |
410 |
2 |
After 2 year |
800 |
3 |
After 3 year |
1210 |
4 |
After 4 year |
1620 |
5 |
After 5 Year |
2010 |
Clerk |
||
1 |
45Lakh & Above |
1585 |
2 |
12Lakh to 45 Lakh |
1570 |
3 |
Below 12Lakhs |
1550 |
Sub-Staff |
||
1 |
45Lakh & Above |
790 |
2 |
12Lakh to 45 Lakh |
790 |
3 |
Below 12Lakhs |
780 |
Stage |
Limit |
Upto 15th Stage of Basic Salary as “1” above |
425 |
From 16th Stage of Basic Salary as “1” above |
470 |
Population |
Clerk |
Sub-Staff |
Population of 12lakh+ and Goa |
700 |
500 |
Population from 5lakh+ and State Capita and UT |
600 |
400 |
Other Places |
450 |
250 |
Block |
Sub-staff |
Clerk |
Two Year |
2500 KM one way by AC 3 Tier or ₹3950 |
2000 KM one way by AC 2 Tier or ₹5288 |
Four Year |
5000 KM one way by AC 3 Tier or ₹6026 |
4000 KM one way by AC 2 Tier or ₹7698 |
- Travel by train upto entitled distance, or
- By road or air upto the equivalent train fare amount for the admissible distance or
- Encased and a lump sum equivalent to 100% of the train fare for the admissible distance by the entitled class will be paid.
- There will no need to take any leave while encashing LFC.
- While encashing LFC, Privilege Leave also can be encashed.
- One more option will be available to choose between 4 year block and 2 year block.
- Employees can travel by steamer while on LFC and for clerks entitled class would be Class Cabin and for sub-staff II class cabin
- For definition of Family for the purpose of this scheme Click Here
(11) Compensation on Transfer
An employee on transfer from one station to another can transport his/her personal goods upto the following stipulated weights by rail or road by an IBA approved Transport Operator:
Status |
Clerk |
Sub-staff |
For married persons |
3000 kg. |
2000 kg. |
For unmarried persons |
2000 kg. |
1150 kg. |
Loss on breakage with receipt |
₹1500 |
₹1000 |
Loss on breakage without receipt |
₹1000 |
₹750 |
(12) Hill & Fuel Allowance:
Place |
Limit |
At places situated at a height of 3000 meters and above |
8% of pay Max. ₹1500pm |
At places situated at a height of and over 1500 meters but below |
4% of pay Max. ₹600pm |
At places situated at a height of over 1000 meters but less than 1500 meters and Mercara Town |
3% of pay Max. ₹500pm |
(13) Miscellaneous Allowances (Clerk & Sub-Staff)
# |
Allowance |
Limit |
a |
Washing Allowance |
₹150pm |
b |
Cycle allowance |
₹100pm |
c |
Split Duty allowance |
₹150pm |
d |
Medical Aid |
₹2200p.a |
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