Service Conditions of Sbi

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Service Conditions for Award Staff
Specially Designed for Newly Recruited Clerks
Compiled by: Strategic Training Unit, Hyderabad

Table of Contents
Page | 2 SALARY, ALLOWANCES & OTHER PROVISIONS .............................................................................3 Reimbursements.............................................................................................................................5 LEAVE RULES...................................................................................................................................6 EMPLOYEE LOAN SCHEMES ............................................................................................................9 EMPLOYEE WELFARE SCHEMES ...................................................................................................11 LINKS .............................................................................................................................................12

Disclaimer: While every care has been taken to accurately assimilate all the Bank's prevalent instructions related to the topics covered here and wherever possible specific references to the circulars have also been made. However, for any differences/ references, the respective Circulars/ instructions of the bank should be treated as final.

Communicate…..Collaborate…..Change…..

Service Conditions of Award Staff

SERVICE CONDITIONS FOR AWARD STAFF
We iterate some finer points of service conditions in brief for award staff:

SALARY, ALLOWANCES & OTHER PROVISIONS
(Ref: Corporate Centre eCircular No.P&HRD/178/2010-11 dt.23-6-2010) * Effective date : 01-11-2007 # Effective date : 01-05-2010 HEAD DETAILS / DESCRIPTION Salary & Allowances Basic Pay # 7200—400 X 3—8400—500 X 3—9900—600 X 4—12300— (20 Years) 700 X 7—17200—1300 X 1—18500—800 X 1—19300 Stagnation increments 7 increments of Rs.800 each @ 3 years frequency; 7th (on reaching of stagnation increment after 2 years of receiving the 6th one maximum in the scale) Dearness Allowance  0.15 % of Pay for every rise or fall of 4 points over 2836 (DA) * points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100  No ceiling on Dearness Allowance  DA is calculated on Basic Pay, Special Pay, Graduation Pay, Professional qualification Pay & Officiating Pay, if any City Compensatory Allowance (CCA) * House Rent Allowance (HRA) * No CCA shall be payable Places with population of - 45 lacs : 10.00%  12 lacs incl. state of Goa : 9.00%  5 lacs, State capitals & capitals of UTs and other than places mentioned above:7.50%  5 lacs not covered in above : 7.00 % Note: Where quarters are provided, HRA not payable & rent @ 0.5% of the first stage of the scale of pay to be recovered.  Up to 15th stage of scale of pay : Rs.225/- per month th stage of scale of pay & above : Rs.275/- per month  16 At places situated at a height of –  3000 metres & above: 8% of pay (Max. Rs.1295/- p.m.  Over 1500 metres but below 3000 metres: 4% of pay (Max. Rs.510/-p.m.)  Over 1000 metres but less than 1500 metres & Mercara Communicate…..Collaborate…..Change…..

Page | 3

Transport allowance* Hill& Fuel Allowance*

Service Conditions of Award Staff

Fixed Personal Pay (FPP) Provident Fund

Medical Aid * Hospitalisation #

Leave Fare concession (for visit to any place within India) (w.e.f. 27-04-2010)

Town(in Karnataka): 3% of pay (Max. Rs.410/-p.m.) Payable as per provisions contained in the memorandum of settlement dated 19th June, 2010 entered into between the Bank and AISBISF. 10% of Basic Pay + Special Pay + PQP will be deducted from Page | 4 the member and equal amount is contributed by the Bank. Member can opt for additional PF contribution of up to 15% (total PF contribution should not be more than 25%) in multiples of 5% i.e., member can make additional contribution of 5% / 10% / 15% (in addition to the mandatory 10%) Restricted to Rs.2,000/- per annum...
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