IBA & UFBU meeting on 19.5.2015 – Pay scales and Allowances

Full particulars of 19.05.2015 talks – Pay scales and Allowances

Today, (19.05.2015) the distribution chart has been signed between IBA and our Unions covering the allocation to various heads. Pay scales and Allowances are as under:

A. Pay Scales: from 1-11-2012

Clerk: 11765 – 655/3 –815/3 –980/3 –1145/7 –2120 –1310/1– 31540 – 1310 x 8 = 42,020

Substaff : 9560 – 325/4 – 410 /5 – 490/4 – 570/3 – 655/3 – 18545 – 655 x 8 = 23785

Stagnation increments: 8 : Substaff: 8 x 2 years ; Clerk : 5 x 3 years + 3 x 2 years

B. Dearness Allowance: 0.10 % per slab of 4 points over 4440 points
C. HRA : 45 lacs and above: 10 % ; 12-45 lacs & Goa : 9 % ; other centres : 7.5 %

D. Transport Allowance: upto 15th Stage : Rs. 425 and others : Rs. 470

E. Special Pay:

i) SWO-B: 820; Head cashier: 1280; Spl. Asst. 1930

ii) Armed Guard/Bill Collector: 390; Daftary: 560; Head Peon: 740;
Driver: 2370; Electrician/AC Plant Helper: 2040, Head messenger in IOB: 1630

F. PQP : Rs. 410, 800, 1210 , 1620, 2010

G. FPP : Clerk: Rs. 1310 / 1580, 1570, 1550, 1550 / 1450

Substaff: Rs. 655 / 790, 890, 780, 780 / 730

H. Medical Aid : Rs. 2200 per year
I. Special Allowance ( new allowance ) :

7.75 % of Basic pay; DA is payable on this allowance
The full Settlement is under preparation and is expected to be signed on the 25th May, 2015 (Monday).

Flash: Yesterday, RBI has given its in principle ok for implementing Full holidays on 2nd and 4th Saturday. Matter is being expedited with the Government now

Source: Indian Bank Kumar