10th BPS(Bank Bipartite Settlement) Finalized - New Pay Scales

Great news for my fellow bankers.

In todays meeting , Workmen payscales are finalized by IBA and UFBU ( Workmen unions only).

:: Scale of pay finalized::
Clerks: 11765 to 31540
Substaff: 9560 to 18545
(20 stages)

::8 STAGNATION increments.
5 once in 3 years and
3 once in 2 yrs -

::8th stag. Inc. w.e.f.1.5.2015

:: DA - 0.10% per slab


:: HRA - 10%, 9% and 7.50%
(Only 3 areas. 3rd and 4th clubbed)

:: Transport - upto stage-15 - 425
stage 16 & above - 470

:: Medical - 2200

:: Special Allowance @ 7.75% of Basic Pay with DA thereon.

::Final Settlement may be signed on 25th. -

Check out officers' new pay scales here.

Wait for detailed circular.