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

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

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.

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

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.