NOBW'S CHARTER OF DEMAND FOR 10th B.P.S!

NOBW'S CHARTER OF DEMAND FOR 10th B.P.S!

Source:  http://nobw.co.in/

NATIONAL ORGANISATION OF

BANK WORKERS (REGD)

(An Industrial Federation of Bharatiya Mazdoor Sangh)

Central office: 542, Dr. Munje Marg, Congress Nagar, Nagpur – 440 012

Ph. 0712-2460808, Fax 0712-2420850 E-mail – nobwco.ngp@gmail.com

Website - www.nobw.co.in

CHARTER OF DEMANDS FOR 10TH BIPARTITE SETTLEMENT

1. Scales of Pay - Clause 4 of 9th BPS dated 27.04.2010 be amended and the scales of pay

of the workmen shall be revised with effect from 01.11.2012:

Note:

 The Scales are to be revised by merger of Basic at 4708 points which is average of (April

to June 2012 quarter) of Present Basic.

 After merger as above, New Pay Scales are constructed by adding 40% for both Non-

Subordinate Staff and Subordinate Staff and increments are rounded off to the nearest

hundred.

 Hump increment in clerical cadre be removed without loss.

 Stage to Stage Fitment be maintained.

 The relativity between the Officers and the Non-Subordinate Staff and Non-Subordinate

and Subordinate Staff shall be ensured.

 If the scales of pay agreed to be constructed on different index number, they shall be

adjusted accordingly.

2. Stagnation Increments: Clause 5 of 9th BPS dated 27.04.2010 be amended as follows:

On reaching maximum of pay scale, both Non-Subordinate Staff and Subordinate Staff

shall be given stagnation increment for every 2 years of service equivalent to last

increment drawn, for 10 stages.

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3. Dearness Allowance: Clause 7 of 9th BPS dated 27.04.2010 be amended as follows:

A. Same DA Formula should continue and the neutralisation shall be 100% for all

cadres.

B. The new rate of D.A. shall be calculated in relation to shift in index number as

hitherto. Thus on the slabs 3304, it shall be 0.12 % per rise of 4 points over 4708

points of AICPI-IW 1960=100)

4. City Compensatory Allowance: Clause 8 of 9th BPS dated 27.04.2010 be restored and

amended as follows.

i) Places with population of more than 40 lakhs including New Mumbai and NCR

area of New Delhi – 10% of Revised Pay without ceiling .

ii) Places with population of 10 lakhs and above including State of Goa– 9% of

Revised Pay without ceiling

iii) Places with population of 5 lakhs and above, State Capitals and Capitals of Union

Territories and other than places mentioned in i and ii above – 8% of Revised Pay

without ceiling.

iv) Places with population below 5 lakhs not covered in i, ii and iii above – 7% of

Revised Pay without ceiling.

The CCA shall rank for BONUS, OT and PF.

5. House Rent Allowance : Clause 9 of 9th BPS dated 27.04.2010 be amended and the

House Rent Allowance payable to the workmen shall be on the basis of latest census and

at par with the recommendations of VIthPay Commission in respect of Central

Government Employees at the following rates :

i) Places with population of more than 40 lakhs including New Mumbai and NCR

area of New Delhi – 15% of Revised Pay without ceiling.

ii) Places with population of 10 lakhs and above including State of Goa– 12% of

Revised Pay without ceiling

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iii) Places with population of 5 lakhs and above, State Capitals and Capitals of Union

Territories and other than places mentioned in i and ii above – 10% of Revised

Pay without ceiling.

iv) Places with population below 5 lakhs not covered in i, ii and iii above – 9% of

Revised Pay without ceiling.

The HRA shall rank for BONUS, OT and PF.

6. Transport Allowance:

Clause 10 of 9th BPS dated 27.04.2010 be amended as follows:

Transport Allowance need not be included in the Pay, instead introduce Petrol Bill

Reimbursement Scheme as follows.

i) Non-Subordinate Staff: 30 lts of Petrol.

ii) Subordinate Staff: 20 lts of Petrol.

iii) For Physically Challenged employees, an additional allowance of 5% of Revised

Pay be paid.

7. Special Pay:

Clause 11 of 9th BPS dated 27.04.2010 be amended as follows:

A. The Special Pay of Non Subordinate Staff and Subordinate Staff in the 10th BPS

shall be reconstructed at 4443 points of AICPI with a real increase of 50%.

B. Single Window Operator ‘A’ shall be paid an amount of Rs. 500 pm.

C. Single Window Operator ‘B’ shall be revised to Rs. 1500 pm.

D. Head Cashier – II shall be revised to Rs. 2000 pm.

E. Special Assistant shall be revised to Rs. 2500 pm.

F. The employees who acquire qualification after reaching the maximum of Pay

scales shall be entitled to PQP with effect from acquiring qualification. An

additional category of Post Graduates be created as per annexure.

The Special Pay, Graduation Pay and Professional Qualification Pay payable to Non-Subordinate

Staff and the Special Pay payable to Subordinate Staff are mentioned in Part A, B & C of

Annexure II enclosed to this charter.

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8. Hill and Fuel Allowance: Clause 12 of 9th BPS dated 27.04.2010 be amended as

follows:

a) At places situated at a height of 3000 meters and above- 15% of Revised Pay

without ceiling.

b) At places situated at a height of over 1500 meters but less than 3000 meters- 10%

of Revised Pay without ceiling.

c) At all places situated at a height of over 1000 meters but less than 1000 meters

and Mercara Town- 6% of Revised Pay without ceiling.

9. Fixed Personal Pay : Clause 13 of 9th BPS dated 27.04.2010 be amended and this shall

be deconsolidated and reckoned for D.A. HRA and CCA at applicable rate.

10. Payment of Overtime Allowance: Clause 14 of 9th BPS dated 27.04.2010 be amended and

restored and shall be paid to the employees for the overtime work performed.

11. Pension: Clause 16 of 9th BPS dated 27.04.2010 to be amended as follows:

 One more pension option should be given forthwith, in consonance with existing pension

rules, to those who have been deprived i.e. on normal VRS and on Resignation.

 Existing 1993 Pension Scheme should be extended to employees joining bank on or after

1.4.2010.

 Pension be given as a third retirement benefit.

 Pension commutation shall be allowed to the extent of 40% of Basic Pension.

Restoration of full pension shall be done after 12 years. Updating of Pension shall be

made after every Wage Revision. FULL PENSION be granted after an employee putting

20 years of service. Periodicity of Enhanced Family Pension be increased to 70 years or

10 years from the date of death whichever is earlier.

 Pension cost should not be taken from wage revision.

12. Medical Aid : Clause 17 of 9th BPS dated 27.04.2010 be amended as follows – For all

confirmed employees – Rs.12000/- per annum be paid as reimbursement of medical

expenses.

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13. Definition of family: Present Definition as described in the Clause 18 of 9th BPS dated

27.04.2010 to continue with an addition as follows: Dependent parents shall mean parents

having income of basic pension not exceeding Rs.10000/- per month, singly or jointly.

14. Leave Fare Concession: Clause 19 of 9th BPS dated 27.04.2010 need to be amended and

the following provisions may be incorporated:

 Employee be given with an opportunity to exercise his/her option again.

(Precondition that option “once given cannot be changed” be deleted).

 There should be a substantial increase in the entitlement as to distance. Both Non-

Subordinate and Subordinate Staff should be sanctioned with I/II AC on the

entitlement such that the workmen is entitled to travel by I / II AC including

Rajadhani /Shatabdi/Duranto and the rates / tariff should also be enhanced. The

above eligibility should be fixed in terms of amount per person based on train fare

as above for both Subordinate and Non subordinate Staff, within his / her overall

eligible amount per person, the family members can travel by any mode of

transport such as train, public taxi, own car, air flights, ship/steamer.

 Workmen be extended with the facility for traveling or availing the LFC by own

car / Private car/taxi and maximum entitlement be sanctioned without any

condition.

 There should also be enhancement in kilometer rate and that should be enhanced

to Rs.10.00 per kilometer.

 For availment of LFC under 2 year block for visit to any place within India and

aboard, the maximum permissible distance shall be 3000 kms (for one way) for

both Subordinate and Non Subordinate Staff. (for to and fro it should be 6000)

 For availment of LFC under a 4 year block for visit to any place within India and

abroad, the maximum permissible distance shall be 6000 kms (for one way) for

both Subordinate and Non Subordinate Staff (for to and fro it should be 12000

kms)

 Actual local conveyance over and above entitlement be paid.

 LFC encashment - Eligibility be increased from 75% to 100%.

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15. Hospitalisation:

We submit that the Clause 20 of 8th BPS dated 02.06.2005 be amended on the lines 6th

Pay Commission recommendations and CGHS facilities be extended to the working and

retired bank employees.

Direct tie-up system be evolved with Hospitals and the banks can enter into tie-up with

Insurance Companies and reimbursed 100% on the hospitalization expenses without any

ceiling on individual items.

Reimbursement in respect of imported medicines / drugs: Due to certain unavoidable

reasons, the hospital authorities are not in a position to produce the bill in prescribed form

in case of imported medicines / drugs and on the contrary they give written statement in

their letter heads and in such occasion, the bank should sanction the claim preferred by

the employees. Besides, major treatment does not require hospitalisation such as whole

body scanning etc., therefore in such treatment, the bank should not insist for

hospitalisation and obtain report to that extent by the recognized hospital.

Ambulance Charges: The ambulance charges should be reimbursed in case of the

patient taken for certain tests by the hospital to diagnostic centres and moreover the

existing tariff fixed in the existing settlement is meager and therefore, irrespective of the

availability of ambulance or auto rickshaw, on representation the employee / dependant

be sanctioned with city taxi fare / auto fare / ambulance charges at the rate of Rs.15.00

per KM with a maximum of Rs. 2500 per trip.

Package Charges : The ceiling limit fixed for the major diseases in respect of

hospitalisation and treatment, we suggest that the package amount fixed for certain

ailment / disease should be increased substantially and the amount should be sanctioned

by taking into consideration the prevailing cost / package fixed by the reputed hospitals.

Domiciliary Treatment: In addition to the existing ailments / disease it is suggested

hereby to include Asthma and connected treatment to heart, lungs, chemotherapy,

physiotherapy and fertility treatment should be brought within the purview of domiciliary

treatment which does not require hospitalisation but government doctor /reputed hospitals

should certify that the intake of drug / medicine necessary on regular basis to protect the

health of an employee.

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Ayurvedha / Homeopathy / Sidha / Naturopathy Treatment: For these alternative

Medical Treatments, the State / Central Government may not grant recognition and they

may have to undergo various tough procedures. Therefore, the parties to the settlement

may arrive at a conclusion to recognise the major Ayurvedha / Homeopathy / Sidha /

Naturopathy hospitals without insisting for State / Central recognition because some of

the diseases like Artherities, Asthma etc., for which the Award Staff / Spouse undergo

such treatment can be reimbursed and for this purpose a suitable scheme should be

devised and this should come under the category Domiciliary treatment.

16. Part time Employees: We observe that the provisions of Clause 21 of 9th BPS dated

27.04.2010 has not been implemented in most of the banks hence we demand:

a) All those part time employees working on daily wages, temporary/consolidated

basis should be absorbed converted to full scale wages.

b) All those part time employees working on scale wages should be converted to full

scale wages.

17. Compensation on Transfer: We suggest that the provisions of Clause 22 of 9th BPS

dated 27.04.2010 be modified as follows:

By Train: An employee on transfer shall be paid the cost actually incurred for transporting his

personal effects.

By Road: If the places are not connected by rail/out agency, actual expenses shall be reimbursed

for transporting the personal effects by road.

18. Compensation for losses due to breakage or damage to goods on Transfer: We

suggest that the provisions of Clause 23 of 9th BPS dated 27.04.2010 be modified as under:

a) Where an employee produces receipts or a statement of loss in respect of breakages entire

amount be reimbursed without ceiling.

b) Where no receipts/statement of loss are produced, a lumpsum payment of Rs.1000/- be

reimbursed to both Non-Subordinate and Subordinate Staff.

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19. Halting Allowance:

Clause 24 of 9th BPS dated 27.04.2010 be amended and the halting allowance be

enhanced from the existing as below:

Non Subordinate Staff Subordinate Staff

Existing Proposed Existing Proposed

Places with population

of more than 40 lakhs.

Rs.500

per diem

Rs.1500

per diem Rs.375

per diem

Rs.1200

per diem

Places with population

of 10 lakhs and above.

Rs.500

per diem

Rs.1300

per diem

Rs.375

per diem

Rs.1000

per diem

Places with population

of 5 lakhs and above.

Rs.375

per diem

Rs.1000

per diem

Rs.250

per diem

Rs.800

per diem

Places with population

below 5 lakhs.

Rs.300

per diem

Rs.800

per diem Rs.185

per diem

Rs.600

per diem

Clause III (g) B of Supplementary Settlement dated 8-11-73 stated that the workmen is

not entitled to halting allowance / bhatta for travel within the Municipal limits /

Corporation including Cantonment or Panchayat limits. We suggest that the workmen if

asked to perform duties outside the Municipal / Panchayat / Cantonment limit should be

reimbursed with out of pocket expenses of Rs.500/- per day in case of metro and Rs.300/-

in case of other cities.

20. Washing Allowance: Clause 25 of 9th BPS dated 27.04.2010 be amended and Rs.500/-

per month be paid as Washing Allowance.

21. Cycle Allowance: Clause 26 of 9th BPS dated 27.04.2010 be amended and an amount of

Rs.500/- per month be paid as Cycle Allowance.

22. Split Duty Allowance: Clause 27 of 9th BPS dated 27.04.2010 be modified and an

amount of Rs.600/- per month shall be paid

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23. Project Area Compensatory Allowance: Clause 28 of 9th BPS dated 27.04.2010 be

amended and 10% of revised pay be paid as Project Area Compensatory Allowance in

both A & B Group.

24. Special Area Allowance: Clause 29 of 9th BPS dated 27.04.2010 be enlarged by

including some new areas such as Naxal hit areas etc and 10% of revised pay be paid as

Special Area Allowance.

25. Closing Allowance: We suggest that Balance Sheet Closing allowance be paid to both

Non-Subordinate and Subordinate Staff for Half Yearly and Yearly closing of Accounts. .

26. Paradip Port Town Allowance: 5% of the revised pay be paid as Paradip Port Town

Allowance.

27. Water Scarcity Allowance: At par with Central and State Government this allowance be

paid.

28. Island / Drought /Disturbed / Tribal / Border Area Allowance: At par with Central

and State Government this allowance be paid.

29. North Estern Region Hardship Compensatory Allowance: Incentive now being paid

to certain categories of employees may be extended to all categories in North-Eastern

Region.

30. Rural Area Hardship Allowance: Shall be introduced and 10% of revised pay be paid

to the employees working in rural areas.

31. Children Education Allowance: Shall be introduced and actual tuition fee to be

reimbursed.

32. Leave Rules:

Clause 26 (b) of 9th B.P.S. dated 27.04.2010 be amended and as follows:

 Within the overall limit of 12 months, leave may also be granted in case of

menopause problems.

 Child care leave be sanctioned on the lines of Central Govt. employees.

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In addition to the above the following changes are demanded.

 5 Days Week be introduced on the lines of RBI.

 Casual leave be increased to 15 days.

 Unavailed Casual Leave be sanctioned without medical certificate for any number of

days.

 Unavailed Casual Leave may be permitted to be encashed on retirement / Voluntary

retirement

 Accumulation of privilege Leave upto 300 days .

 Notice for availing PL be reduced to 15 days.

 Unused Sick Leave may be permitted to be encashed on retirement / Voluntary

retirement. Sick Leave on half pay shall be at the rate of 30 days per year of service

without limit on accumulation.

 30 days Sick leave every year.

 All leave to the credit of an employee at the time of retirement, death, discharge,

dismissal, resignation or termination whatsoever shall be encashed/paid to

him/her/nominees/heirs.

 Special Leave: To be permitted in case of

 Absence of Employees due to reasons beyond control such as Natural Calamity,

Terrorist Activities, Bomb Blast, Riots, Strike unconnected with Banking,

breakdown of public transport services.

 Employees participating in relief work on production of Certificate from District

Collector’s Office to the effect.

 Employees attending Conciliation / Tribunal proceedings, training sponsored by

Govt agencies as Union Representatives.

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33. Special Pay Duties:

There should be a detailed discussion and proper interpretation of the responsibility of the

Special Assistant, Head Cashier-II and Single Window Operator-B and the proposed

Settlement should not empower individual banks to decide the job responsibility,

enhancement in the limits / authorization of passing instruments etc., in the backdrop of

CBS System.

34. Security Provisions:

a) Security provisions of the Bank to be suitably upgraded and Armed Guards shall be

appointed in all the branches and given pistols instead of Rifle.

b) CCTV should be installed in every branch.

c) Cashiers should be provided with fake note detecting and note counting machines.

35. Security Staff:

a) There should be normal working hours for Armed Guards and Watchmen.

b) Head Armed Guards post to be created in commercial banks on area basis.

36. Risk Insurance: Cover to be provided for staff accompanying cash remittances in view

of increased robbery / dacoity.

37. Uniform and Liveries:

All permanent full time members of the Subordinate Staff as well as Permanent Part

Time workmen in Subordinate Cadre working for not less than 6 hours per week shall be

supplied with 3 sets of Terry Khadi uniforms every year and 2 set of Woolen uniform

once in two years.

38. Absorption:

i) All personal car drivers receiving salary on reimbursement basis through

Executives of the banks entitled for car shall be absorbed in regular service.

ii) Badli / Daily / Contract / Casual labourers on temporary basis or continuous basis

beyond 90 days or with break in service for 240 days in a calendar year shall be

absorbed in regular service.

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iii) Part Time Employees shall be regularised on Full Time basis in a phased manner

by entrusting them other duties along with that of part time duties.

39. Welfare Measures:

1) Quarter facility: All Award Staff posted to place other than place of domicile shall

be provided with rent free quarters or leased accommodation be provided.

2) Group Insurance Scheme shall be introduced for all categories of Bank

Employees.

40. Loans & Advances:

a) Housing Loan quantum should be substantially increased with a minimum of Rs.25.00

lakhs @ 5% simple interest.

b) All other Staff Loans and Advances be increased taking into account exorbitant cost

escalation.

c) One month gross salary should be given to all employees as Festival Advance.

d) Interest free Car Loan be extended.

41. Outsourcing:

The Bank shall not be permitted to hire outside agencies to get the Bank’s normal day to

day work.

42. Recruitment: Revive BSRB and recruit workman staff on State to State basis.

43. Compassionate Appointment: Compassionate Appointment Scheme should be restored

and one family member of the employee shall be appointed in the eligible cadre on his/

her resignation on medical grounds or death while in service. Present compensation by

way of ex-gratia may be increased to Rs 10 and Rs 15 lakhs.

44. Deployment of Staff

Clause 4 of 9th BPS dated 27.04.2010 – A total relook to this subject is demanded in the

present scenario.

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45. Immunity to Bank Employees:

Bank employees shall be granted immunity for disclosing acts of mismanagement,

frauds, corruption in the bank, branch, or offices to the appropriate authority and a

scheme of suitable rewards to be formulated.

48. Composite Bargaining Agency:

Bank wise composite bargaining agency for policy issues shall be constituted with

representatives from all the Registered All India Trade Unions functioning in the bank.

50. Deposit Collectors:

1. Workman status should be given to Deposit Collectors.

2. Salary, Commission and other benefits should be decied at industry leval with

retroprospective effect.

51. Formation of redressal forum at Industry/IBA/Govt leval :

After the completion of wage revision we do not have any forum to discuss the

issues/problems. Therefore at indsutry/IBA/Govt leval a forum should be constituted to

discuss the grivenses of the unions on regular intervales.

52. Retired Employees:

We demand following facilities for retired employees.

1. Medical/Hospitalisation facility.

2. Revision of Pension.

53. Disciplinary Proceedings:

i) Subsistence allowance shall be paid to the suspended employee at half the gross

pay for the first 6 months and full salary beyond 6 months of incremental benefit

otherwise eligible.

ii) The suspension of the employee shall be pending till enquiry only.

iii) Chargesheet shall be issued within 30 days of cause of action and enquiry shall be

concluded within 6 months thereof, if no outside agency is involved.

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iv) Suspension of an employee from service can be effected only if his or her

continuation in service or serving in the branch hampers conducting

investigations. In all other cases, there shall be no suspension. Suspension shall

not be used as a method to humiliate and victimize the employee.

v) The punishment imposed by the disciplinary authority to be kept in abeyance till

45 days and if Chargesheeted Employee prefers an appeal, then till the date the

appeal is disposed off by the appellate authority.

vi) The clause 19.12 (d) of 1st BPS dated 19.10.66 to be amended suitably so as to

entitle Defence Representative for attending departmental enquiry anywhere in

India with duty relief.

vii) An employee shall not be proceeded against with departmental enquiry if he is

already prosecuted. Clause 19.4 of 1st BPS dated 19.10.66 be suitably amended so

that enquiry already initiated is held in abeyance till the prosecution is concluded

and law courts find him/her guilty.

viii) The clause 21 (ii) of 6th BPS dated 14.02.95 to be suitably amended to treat the

misconduct mentioned therein as minor misconduct.

ix) Para 22 of 6th BPS dated 14.02.95 to be deleted as misconduct therein is not

specifically identified as minor or major misconduct.

x) The clause 21 (iv) sub-clause (c) of 6th BPS dated 14.2.95 to be amended so as to

bring down to lower stage in scale of pay upto to a maximum of four stages.

xi) Whenever employee is found guilty of gross negligence in the enquiry and the

employee is punished, no recovery proceedings of the financial loss be effected.

Token recovery also be made part of punishment wherever Chargesheeted

Employee is found negligent.

xii) On exonerating by law courts, an employee shall not be proceeded against with

domestic enquiry. Wherever the Domestic Enquiry is pending. Incase the

Domestic Enquiry resulted in imposing punishment including ceasation from

service the same shall be treated as “not implemented” and necessary

proceedings shall be drawn by Disciplinary Authority.

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54. Deletion / Amendments / Modification / Clarifications:

i) Para 522 of Sastry Award to be deleted

ii) Para 536 of Sastry Award to be deleted.

iii) Para 511 of Sastry Award to be amended so as to treat the employee on duty.

iv) Para 10.13 (iii) of 1st BPS dated 19.10.66 suitably amended so as to make

husband and wife working in same bank eligible to avail LFC in their own right

along with dependent family members but not for same travel.

v) Para 19.6 (d) of 1st BPS dated 19.10.66 to be clarified so that only an increment

can be stopped as punishment for one charge sheet.

vi) Para19.7(g) of 1st BPS dated 19.10.66 to be amended by including the words

“During Office Hours”.

vii) Para 19.7 (i) of 1st BPS dated 19.10.66 to be deleted.

viii) Para 19.7 (j) of 1st BPS dated 19.10.66 to be deleted

ix) Para 19.12 (d) of 1st BPS dated 19.10.66 be amended to delete the words within

the same state from the provision.

x) Para 19.14 of the 1st BPS dated 19.10.66 to be suitably clarified to provide single

Disciplinary authority for each bank.

55. Date of effect and duration of settlement:

The settlement shall be made effective for a period of 3 years from 01.11.2012

The NOBW reserves its right to add/withdraw/amend or alter any demands mentioned

hereinabove.

(ASHWANI RANA)

GENERAL SECRETARY

PLACE: NAGPUR

DATE: 26.09.2012

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Annexure - II

Special Pay for Non Subordinate Staff:

PART- ‘A’

Sl.

No Post Amount of Spl

Pay (Rs.)

1 Head Cashier – II 2000

2 Special Assistant 2500

3 Single Window Operator -A 500

4 Single Window Operator -B 1500

For Subordinate Staff

Sl.

No Post Amount of Spl

Pay (Rs.)

1 Liftmen 600

2 Cash Peon 600

3 Watchmen 800

4 Armed Guard 1000

5 Daftary 1000

6 Head Peon 1100

7 Electrician / AC Plan helper / AC Machine Operator 2000

8 Driver 2500

9 Head Messenger in IOB 1500

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Part ‘B’

GRADUATION PAY / PROFESSIONAL QUALIFICATION PAY

For those workmen hereafter reach or have already reached 20th stage of the scale and have got

increments in consideration of educational qualification(s), Graduation Pay/ Professional

Qualification Pay shall be payable as under:

1. Those who are graduates and / or NDC

Rs. 600/- p.m. after they complete 1 year

Rs. 1200/- p.m. after they complete 2 years

2. Those who have passed JAIIB or Part I of CAIB/CAIIB

Rs. 600/- p.m. after they complete 1 year

3. Those who have passed JAIIB and CAIIB or Both Parts of CAIB/CAIIB

Rs. 600/- p.m. after they complete 1 year

Rs. 1200/- p.m. after they complete 2 years

Rs. 1800/- p.m. after they complete 3 years

4 Those who are graduates / NDC and have passed JAIIB or Part I of CAIB/CAIIB

Rs. 600/- p.m. after they complete 1 year

Rs. 1200/- p.m. after they complete 2 years

Rs. 1800/- p.m. after they complete 3 years

5. Those who are graduates / NDC and have passed JAIIB or Both Parts of CAIB/CAIIB

Rs. 600/- p.m. after they complete 1 year

Rs. 1200/- p.m. after they complete 2 years

Rs. 1800/- p.m. after they complete 3 years

Rs. 2400/- p.m. after they complete 4 years

Rs. 3000/- p.m. after they complete 5 years

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6. Those who are Post Graduates / NDC and have passed JAIIB or Part I of CAIB/CAIIB

Rs. 600/- p.m. after they complete 1 year

Rs. 1200/- p.m. after they complete 2 years

Rs. 1800/- p.m. after they complete 3 years

Rs. 2400/- p.m. after they complete 4 years

7. Those who are Post Graduates / NDC and have passed JAIIB or Both Parts of

CAIB/CAIIB

Rs. 600/- p.m. after they complete 1 year

Rs.1200/- p.m. after they complete 2 years

Rs. 1800/- p.m. after they complete 3 years

Rs. 2400/- p.m. after they complete 4 years

Rs. 3000/- p.m. after they complete 5 years