Got a question? Don't know whom to ask? Post it to the community at gconnect.in/assist

Pay and Allowances of Bank and Central Government Employees after implementation of 7th Pay Commission recommendations

This article provides a comparison of 10th Bipartite Wage agreement salary of Bank Employees and 7th Pay Commission Salary in equal grades – 11th Bipartite Wage Settlement for Bank Employees is under negotiation stage which will be effective from 1st November 2017

Pay of Central Government Employees after implementation of 7th Pay Commission recommendations is based on Pay Matrix, an all-in -one Pay structure with multiple pay levels and Pay Indices

Features of 7th Pay Commission Pay Matrix for Civilian Employees in Central Government

Methods for Fixation of Pay in 7th Pay Commission Pay Matrix Structure and provision of granting annual increment are new as incremented basic pay for each level and index are already available in the Pay Matrix

7th Pay Commission – Pay Fixation | Increment | Promotion | MACP – Illustrated

7th Pay Commission Calculator after issue of Gazette Notification for implementation of 7th CPC

 

BANK EMPLOYEES EMOLUMENTS AT A GLANCE AFTER 10TH BPS:

A NEW CLERK ( GRADUATE ) JOINING THE BANK IN JUNE, 2015

  WORKING IN CITY WITH POPULATION 45 Lacs & MORE WORKING IN CITY WITH  POPULATION 12-45
LACS
WORKING IN CITY WITH POPULATION  BELOW
12 LACS
 

Basic Pay

 

13075

 

13075

 

13075

 

DA – 33.70%

 

4406

 

4406

 

4406

 

Special Allowance – 7.75 % : Rs. 1013 + DA

 

1356

 

1356

 

1356

 

HRA – 10%, 9 % , 7.5%

 

1308

 

1177

 

981

 

Transport Allowance

 

425

 

425

 

425

 

Total Salary – May, 2015

 

20,570

 

20,439

 

20,243

 

A NEW SUB-EMPLOYEES JOINING THE BANK IN JUNE, 2015

  WORKING IN CITY WITH 45 Lacs & MORE WORKING IN CITY WITH  12-45
LACS
WORKING IN CITY WITH  BELOW
12 LACS
 

Basic Pay

 

9560

 

9560

 

9560

 

DA – 33.70%

 

3222

 

3222

 

3222

 

Special Allowance – 7.75 % : Rs. 741 + DA

 

990

 

990

 

990

 

HRA – 10%, 9 % , 7.5%

 

956

 

860

 

717

 

Transport Allowance

 

425

 

425

 

425

 

Total Salary – May, 2015

 

15,153

 

15,057

 

14,914

 

 

A SENIOR SUB-EMPLOYEES WITH 8 STAGNATION INCREMENTS IN JUNE, 2015 IN A METRO CENTRE:

  10TH BPS
 

BASIC PAY

 

23,785

 

SPL. PAY

 

560

 

SPECIALALLOWANCE

 

1,843

 

DA

 

8,825

 

FPP

 

790

 

HRA

 

2,435

 

Transport Allowance

 

470

 

Total Salary

 

38,708

 

A SENIOR CLERK ( SPL. ASST.) GRADUATE/CAIIB WITH 8
STAGNATION INCREMENTS IN JUNE, 2015 IN A METRO CENTRE:

  10TH BPS
 

BASIC PAY

 

42,020

 

PQP

 

2,010

 

SPL. PAY

 

1,930

 

SPECIALALLOWANCE

 

3,256

 

DA

 

16,586

 

FPP

 

1,585

 

HRA

 

4,596

 

Transport Allowance

 

470

 

Total Salary

 

72,453

 

Details of Pay & Allowances Bank Employees Central Government Employees
As on 01.01.2018 (Amount in Rupees)
Sub-employees Pay Band – 1
Basic Pay 9560 18000
Special Pay 0 0
Spl. Allowance 740.9 0
Transport Allowance 425 1445
D. A. 5315 1260
H.R.A. 956 5400
C.C.A. 0 0
Total 16997.1644 26105

 

Details of Pay & Allowances Bank Employees Central Government Employees
(Amount in Rupees)
Clerk Pay Band – 1
Basic Pay 11765 25500
Special Pay 820 0
Spl. Allowance 911.7875 0
Transport Allowance 425 3852
D. A. 6964 1785
H.R.A. 1258.5 6120
C.C.A. 0 0
Total 22144.62985 37257

 

Details of Pay & Allowances Bank Employees Central Government Employees
(Amount in Rupees)
Officer – JMGS I Pay Band – 3
Basic Pay 23700 56100
Special Pay 0 0
Spl. Allowance 1836.75 0
Transport Allowance 2100 8346
D. A. 13176 3927
H.R.A. 2133 13464
C.C.A. 870 0
Total 43816.713 81837

 

Details of Pay & Allowances Bank Employees Central Government Employees
(Amount in Rupees)
Officer – MMGS II Pay Band – 3
Basic Pay 31705 67700
Special Pay 0 0
Spl. Allowance 2457 0
Transport Allowance 2800 8346
D. A. 17627 4739
H.R.A. 2853 16248
C.C.A. 870 0
Total 58313 97033

 

Details of Pay & Allowances Bank Employees Central Government Employees
(Amount in Rupees)
Officer – MMGS III Pay Band – 4
Basic Pay 42020 78800
Special Pay 0 0
Spl. Allowance 3256 0
Transport Allowance 3500 8346
D. A. 23362 5516
H.R.A. 3781 18912
C.C.A. 870 0
Total 76791 111574

 

The Concept of Grade Pay was done away with in 7th Pay Commission recommendations. Grade Pay given 6th pay Commission has been taken in to account for the purpose of revising the Pay in 7th pay commission.

Transport Allowance Rate for Central Government Employees as per levels.

Employees drawing pay in pay Level

Rates of Transport Allowance Per month

Employees posted in the 19 Cities classified as eligible for higher Transport Allowance Employees posted at all other Places
9 and above Rs. 7200 + DA thereon Rs. 3600 + DA thereon
3 to 8 Rs. 3600 + DA thereon Rs. 1800 + DA thereon
1 and 2 Rs. 1350 + DA thereon Rs. 900 + DA thereon

 

HRA for Central Government Employees after implementation of 7th Pay commission is as follows.

Classification of Cities/Towns
Rate of House Rent Allowance per month as a percentage of Basic Pay only
X 24%
Y 16%
Z 8%

For Comparative purposes we have taken “X” city.

As far as Dearness Allowance for Central Government Employees is concerned, as per 7th Pay Commission recommendations DA calculation will be based on All India Consumer Price Index with base 2001=100 and with effect from 1st January 2016 DA was revised to 0% since DA got merged in to basic pay.  As on 1st January 2018 DA Rate was at 7%.

For Bank Employees also 10th BPS DA is based on All India Consumer price Index with base 2001=100 in addition to conversion factor of 4.63 and 4.93. While DA calculation for Central Government Employees is done Twice every year i.e in January and July using previous 12 months All India Consumer Price Index. In the case of Bank Employees DA Calculation is revised every 3 months based on previous 3 months All India Consumer price Index.

‘special pay for bank employees means the existing special pay applicable to Single Window Operator for Clerks (for sub-employees, their special pay has been merged with Basic Pay) at the time of 9th BPS.

‘Special Allowance’ for bank employees means the new allowance proposed to be introduced in 10th BPS. This attracts D.A. but it is not reckoned for any other benefit.

‘Transport Allowance’ is a fixed amount for Bank Staff, while for officers, it is claimed as a reimbursement on production of petrol bills.

Comments
Loading...