Professional Qualification Pay and Fixed Personal Pay: Bank Officers Scale I to VII w.e.f 1st Nov, 2017: 11th BI-Partite Settlement Dtd. 11 Nov 2020
Fixed Personal Pay (w.e.f. 01.11.2017)
Fixed Personal Pay together with House Rent Allowance shall be at the following rates and shall remain frozen for the entire period of service.
|Increment Component (Rs)||DA as on 01.11.2017 (Rs)||Total F.P.P. payable where bank’s accommodation is provided (Rs)|
(i) F.P.P. as indicated in “C” above shall be payable to those officer employees who are provided with bank’s accommodation.
(ii) F.P.P. for officers eligible for House Rent Allowance shall be “A” + “B” plus House Rent Allowance payable on the last increment of the relevant scale of pay.
(iii) The increment component of F.P.P. shall rank for superannuation benefits .
(iv) Only officers who were in the service of the bank on or before l.11.93 will be eligible for F.P.P one year after reaching the maximilln scale of pay they are placed.
Professional Qualification Pay (PQP) (w.e.f. l.ll.2017)
(A) (i) Officers shall be eligible for professional qualification pay as under:
- Those who have passed only CAIIB -Part I / JAIIB
1020/- p.m. one year after reaching top of the scale.
(ii) Those who have passed both parts of CAIIB –
- a. 1020/- p.m. one year after reaching top of the scale.
b. 2550/- p.m. two years after reaching top of the scale.
(B) An Officer employee acquiring JAIIB/CAIIB (either or both parts) qualifications after reaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment of PQP and – the release of subsequent installments of PQP shall be with reference to the date of release of first installment of PQP.