Bankers Utility - Free App for Bank Staff -Wage Settlement, Income Tax Rates & Tax Calculator, DA Calculator, Salary calculators, Bank Holiday, Excel Help, NPS Scheme+NPS Forms. Health Tips ...
Existing with tentative Revised Pension - Commutation Amount and Commutation Arrear Calculator for Employees - Retired after 01 Nov'12 and Going to Retire Shortly.
Schedule For Reimbursement of Hospitalisation Expenses - Medical Scheme for the Officers/ Employees - in lieu of the Existing Hospitalization Scheme
0.10% of 'pay'
Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 4440 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100.
|Sr. No.||Area||Rate as percentage of Pay|
|(i)||Major "A" Class Cities and Project Area Centres in Group A||9.00%|
|(ii)||Other places in Area I, and Project Area Centres in Group B and State of Goa||8.00%|
|(iii)||Other places e||7.00%|
Provided that if an officer produces a rent receipt, the House Rent Allowance payable to him/her shall be the actual rent paid by him/her for the residential accommodation in excess over 0.75% of Pay in the first stage of the Scale of Pay in which he/she is placed with a maximum of 150% of the House Rent Allowance payable as per aforesaid rates mentioned in Column II above.
Note: The claims of officer employees for House Rent Allowance linked to the cost of their ownership accommodation shall also be restricted to 150% of House Rent Allowance as hitherto.
Places in Area 1 and in the State of Goa 4% of Basic Pay Rs.870 /- p.m.
Places with population of five lakhs and over and State Capitals and Chandigarh, Puducherry and Port Blair 3% of Basic Pay Rs.600/- p.m
With effect from 1.11.2012, officers shall be paid Special Allowance as under:
Scale I-III - 7.75% of Basic Pay + applicable Dearness Allowance thereon
Scale IV-V - 10% of Basic Pay + applicable Dearness Allowance thereon
Scale VI-VII- 11% of Basic Pay + applicable Dearness Allowance thereon
Note : The special allowance with applicable DA thereon shall not be reckoned for superannuation benefits, viz, pension including NPS, PF and Gratuity
An officer deputed to serve outside the bank - 7.75% of Pay with a maximum of Rs 4000/- p.m.
An officer deputed to an organization at the same place or to the training establishment of the bank - 4% of Pay with a maximum of Rs. 2000/- p.m