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Last modified / updated Jan. 01, 2016

Allowances & Features - Officers Wage Revision

Dearness Allowance

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.

House Rent Allowance

Sr. No.AreaRate as percentage of Pay
[NoMinimum/NoMaximum]
(i)Major "A" Class Cities and Project Area Centres in Group A9.00%
(ii)Other places in Area I, and Project Area Centres in Group B and State of Goa8.00%
(iii)Other places e7.00%

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.

City Compensatory Allowance (w.e.f. 1.11.2012)

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

Special Allowance (w.e.f. 1.11.2012)

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

Deputation Allowance (w.e.f. 1.6.2015)

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

Mid Academic Year Transfer Allowance

On and from 1st June 2015, Mid Academic Year Transfer Allowance shall be payable at Rs. 1100/- p.m. subject to other conditions

Split Duty Allowance

On and from 1st November 2012, Split Duty Allowance shall be payable at Rs. 200/- p.m.

Compensation on Transfer (w.e.f. 1.6.2015)

A lumpsum amount as indicated below for expenses connected with packaging, local transportation, insuring the baggage etc.

Officers in Scale IV and above 20,000/-

Officers in Scale I, II and III 15,000/

Medical Aid (other than State Bank of India)

On and from 1st November 2012, reimbursement of medical expenses shall be as under:

a) Officers in JMG & MMG Scales - Rs. 8,000/-p.a.

b) Officers in SMG & TEG Scales - Rs. 9,050/-p.a.

Hospitalisation Expenses (other than State Bank of India)

In substitution of the clause (9) of the Joint Note dated 27/04/2010, the reimbursement of hospital expenses under Regulation 24(1) (b) (i) of the Officers? Service Regulation 1979/1982 , shall be as detailed in Annexure IV of this Joint Note

Recovery of House/Furniture Rent

(i) House rent recovery shall be @ 0.75 % of the first stage of the scale of pay in which the officer is placed or the standard rent for the accommodation, whichever is less.

(ii) Furniture rent recovery shall be @ 0.15% of the first stage of the scale of pay in which the officer is placed.

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