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Transfer & Promotion Policy



Fitment on Promotion

After completions of every Bipartite Settlement, IBA will issue curcular about Fitment formula based on new Basic Pay.

This fitment formula is a guideline from IBA to member Banks.
Member Banks may follow this one or  a different formula with an agreement with recognized Union.


For example, Indian Bank is not following this formula.
It has different formula which is inferior to this. It has not been revised  from 1990.
Officers promoted from clerks from 1990 are fitted with at least one increment
( in some cases two increments) less than 
what is prevailing in other Banks.

Calculate the loss.


In some Banks, Officers Association negotiates with Bank management for arriving at Fitment formula. In some other Banks, Award Staff Union negotiates.
In Indian Bank so far Award Staff Union (AIBEA) is negotiating.  
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Indian Bank’s Association

HR & Industrial Relations

No. CIR/HR &IR/582/2015-16/1195

August 7, 2015

Designated Officers of Member Banks which are
parties to Bipartite Settlement

Dear Sir/Madam,

Fitment formula on promotion from Clerical to Officer cadre

Fitment Chart on promotion from Clerical cadre to Officer cadre
In JMG Scale I, on or after 01.11.2012

Stage
Pay in Clerical Cadre
Fitment at corresponding stage in Junior Management Grade Scale I
1
11765
23700
2
12420
23700
3
13075
23700
4
13730
23700
5
14545
23700
6
15360
23700
7
16175
23700
8
17155
23700
9
18135
23700
10
19115
24680
11
20095
25660
12
21240
26640
13
22385
27620
14
23530
28600
15
24675
29580
16
25820
30560
17
26965
31705
18
28110
32850
19
30230
34160
20
31540
35470
+1
32850
36780
+2
34160
38090
+3
35470
39400
+4
36780
40710
+5
38090
42020
+6
39400
42020
+7
40710
42020
+8
42020
42020

Note:
  1. The promote officer after fitment as above, will draw his next increment in the Officers’ Scale on the anniversary date of his last increment in clerical cadre and thereafter he will draw his further increments every year on the same date.  However, in view of the clubbing of stages in the fitment table, the employee in the lower clubbed stage of clerical scale of pay will get his next increment after promotion on the anniversary date of promotion.
  2. Those who were drawing a basis pay between the 1st and 9th stage in the clerical scale given in the above table, will be fitted at the minimum of the Officers’ Scale and will draw their next increment on the anniversary date of promotion.
  3. (a) Those who have completed more than one year at basis pay of Rs.31540/- Rs.32850/-, Rs.34160/-, Rs.35470/- and Rs.36780/- and will draw their next increment on the anniversary date of their last increment in the clerical cadre immediately following the date of promotion and will draw their subsequent annual increment on the same date.
Those who have completed less than one year at basic pay of Rs.31540/-, Rs.32850/-, Rs.34160/-, Rs.35470/- and Rs.36780/- will draw their next increment after fitment, on the anniversary date of promotion and thereafter draw their annual increments every year on the same date.
(b) Those who have completed more than one year at basic pay of Rs.38090/-, Rs.39400/- and Rs.40710/- will be given fitment in the Officers’ Scale at Rs.42020/- and will earn their next increment on the anniversary date of promotion subject to their crossing their Efficiency Bar as per guidelines issued by the Government under Regulation 5 of Officers’ Service Regulations.
(c) In all cases where promote officers reach the maximum stage in the substantive JMG Scale I (Rs.42020/-), further increment in the next higher scale will be subject to their crossing Efficiency Bar as per guidelines issued by the Government under Regulation 5 of Officers’ Service Regulations.
  1. Promotees who are drawing Fixed Personal Pay in terms of Settlement dated 25.05.2015 may continue to draw the same quantum of Fixed Personal Pay even after promotion which shall remain unaltered till revised (please refer to IBA circular No. CIR/HR&IR/90/665/E12/2010-11/1416 dated 30.09.10.)
  2. If the promote officer has passed JAIIB or CAIIB at the time of his promotion, notional basic pay will be arrived at after reducing the increments earned for passing JAIIB/CAIIB, from the clerical basic pay.  He shall then be fitted in the Officers’ Scale in accordance with the above table and appropriate one or two increments in the Officers’ Scale shall be added with basic pay so fixed.  The date of increment will be determined as per (1) above, if after reduction of increments in the clerical scale, the basic pay falls in the lower clubbed stage.  This adjustment, however, will not be made where the number of increments to be reduced is higher than the number of increments to be granted.
  3. If despite the fitment as given above, the emoluments (basic pay and dearness allowance) drawn as an officer on promotion are less than the emoluments (basic pay and stagnation increment, if any, functional special pay on permanent basis and dearness allowance) drawn as a clerk, the difference may be protected by way of Temporary Personal Allowance to be wiped off, in three years, at the rate of 1/3 Temporary Personal Allowance.  This allowance will not rank for dearness allowance and superannuation benefits.
  4. If an employee has passed CAIIB after reaching the 20th stage of the clerical cadre and promoted to Officers’ scale subsequently, he/she shall be granted one increment for passing CAIIB Part-I/JAIIB and another increment for passing CAIIB Part-II after fitment in Officers’ scale as per his/her clerical stage of pay before promotion.

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