Incentives to Bank Officers when posted to NER – North Eastern Region – Incentive @ 20% of Basic Pay is also applicable to Officers who belong to a state of North Eastern Region and posted in any other state of NER
F.No.4/4/2/2001-IRGovernment of IndiaMinistry of FinanceDepartment of Financial ServicesJeevan Deep, lllrd Floor,Parliament Street, New DelhiDated the September 26,2014
The Chairman,SBI/IDBI and CMDs of all PSBs.
Subject: Incentives to officers posted to North Eastern Region – revision thereofRevision of incentives to bank Officer posted to North Eastern RegionI am directed to refer to this Department’s letter of even number dated 11.1.2002 on the subject cited above and to say that proposal of revision/reconsideration of the ceiling of ad hoc and temporary incentives to officers posted North Eastern Region has been examined in this Department and it has been decided to advise the Public Sector Banks as followsi) The incentive shall be 20% of basic pay with minimum Rs. 3000/- pm and maximum Rs. 7500/- pm.ii) Officers belonging to a State in North Eastern Region but posted in other States of North Eastern Region shall also be eligible.2. Other terms and conditions as provided earlier and covered in letter dated 11.1.2002 shall remain the same. The above revision in the incentives is applicable with immediate effect. Banks are requested to take appropriation action accordingly.
3. This issues with the approval of Secretary (FS).Yours faithfully,sd/-(Manish Kumar)Under Secretary to the Government of India