Revised DA HRA CCA LA etc. of Bank Officers Scale I to VII w.e.f 1st Nov, 2017: 11th BI-Partite Settlement Dtd. 11 Nov 2020
The Negotiating Committee of Indian Banks’ Association (IBA) representing the managements of banks held several rounds of discussions with the authorised representatives of the Officers’ Associations on salary revision and other issues concerning service conditions for officers in Banks. In the course of the deliberations, common viewpoints have emerged between the two parties. The outcome of the discussions acceptable to both sides is listed in Annexure I to this Note. The representatives of the Officers’ Associations have also agreed that the existing service conditions be modified to the extent what has been stated in Annexure I.
Dearness Allowance
On and from 1.11.2017, Dearness Allowance shall be payable for every rise or fall of four points over 6352 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100 at 0.07% of Pay.
House Rent Allowance (w.e.f. 1.11.2017)
| I | II | |
| i) | Major “A” Class Cities and Project Area Centres in Group A | 9 % of Pay |
| ii) | Other places in Area I, and Project Area Centres in Group B and State of Goa | 8% of Pay |
| iii) | Other places | 7% of Pay |
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. 1.11.2017)
| Area | Rate | |
| i) | Places in Area I and above, and in the State of Goa | Rs. 1400/- p.m. |
| ii) | Places with population of five lakhs and over and State Capitals and Chandigarh, Puducherry and Port Blair | Rs. 1150/- p.m. |
Location Allowance (Non-CCA Centres) (w.e.f.1.11.2017)
Effective 1.11.2017 a fixed allowance of Rs. 700/- p.m. is payable to all Officers posted in areas other than the areas that are eligible for CCA. This fixed allowance shall not be reckoned for payment of DA, superannuation benefits, viz, pension including NPS, PF and Gratuity.
Learning Allowance
With effect from 1.11.2017, Officers shall be paid Learning Allowance of Rs.600/- together with applicable Dearness Allowance thereon.
Special Allowance (w.e.f. 1.11.2017)
With effect from 1.11.2017, officers shall be paid Special Allowance as under:
| Scale I-III | 16.40% of Basic Pay + applicable Dearness Allowance thereon |
| Scale IV-V | 19 % of Basic Pay + applicable Dearness Allowance thereon |
| Scale VI-VII | 20 % 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
Click Here to Read Full: 11th BI-Partite Settlement Dtd. 11 Nov 2020 – Revision of Bank Officers Salary DA Increments HRA & Other Allowances w.e.f 1st Nov 2017
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