| STAGE | BASIC PAY | INCREMENT |
| 1 | 19500 | 665 |
| 2 | 20165 | 665 |
| 3 | 20830 | 665 |
| 4 | 21495 | 665 |
| 5 | 22160 | 830 |
| 6 | 22990 | 830 |
| 7 | 23820 | 830 |
| 8 | 24650 | 830 |
| 9 | 25480 | 830 |
| 10 | 26310 | 990 |
| 11 | 27300 | 990 |
| 12 | 28290 | 990 |
| 13 | 29280 | 990 |
| 14 | 30270 | 1170 |
| 15 | 31440 | 1170 |
| 16 | 32610 | 1170 |
| 17 | 33780 | 1345 |
| 18 | 35125 | 1345 |
| 19 | 36470 | 1345 |
| 20 | 37815 | |
| STAGNATION INCREMENT | EVERY 2 YEARS | 11 SLABS |
| 21 | 39160 | 1345 |
| 22 | 40505 | 1345 |
| 23 | 41850 | 1345 |
| 24 | 43195 | 1345 |
| 25 | 44540 | 1345 |
| 26 | 45885 | 1345 |
| 27 | 47230 | 1345 |
| 28 | 48575 | 1345 |
| 29 | 49920 | 1345 |
| 30 | 51265 | 1345 |
| 31 | 52610 |
Note:
- a) Fitment in the new scales of pay shall be on a stage-to-stage basis.
- b) There shall be no change in the dates of annual increments because of the fitment.
- c) In the case of Ex-servicemen category employees who have joined the Banks on and after 1st November, 2022 –
- And have been issued adhoc / provisional fitment, shall be refixed as per the provisions of this settlement with protection of emoluments as per last drawn pay in the Services.
- And in other cases, where regular fitment has been issued, their Basic pay in the revised scales shall be refixed in the same manner as mentioned in Clause (a) above.
- and in both the cases, there shall not be any recovery of excess emoluments paid on this account, if any.
- d) All employees belonging to sub-ordinate cadre shall be eligible for one extra increment for passing JAIIB and two increments for passing CAIIB examination w.e.f 1.11.2022
Stagnation Increments
In partial modification of Clause 5 of Bipartite Settlement dated 11th November, 2020, both clerical and subordinate staff (including permanent part- time employees on scale wages) shall be eligible for eleven stagnation increments w.e.f. 1st November 2022 at the rate and frequency as stated herein under:
The clerical and subordinate staff including permanent part-time employees on scale wages on reaching the maximum in their respective scales of pay, shall draw eleven stagnation increments at the rate of Rs. 2680/- and Rs.1345/- respectively (pro rata in respect of permanent part-time employees) each due under this settlement, and at frequencies of 2 years, from the dates of reaching the maximum of their scales as aforesaid.
Provided further that a clerical / subordinate staff (including permanent part-
time employees on scale wages) already in receipt of nine stagnation increments shall be eligible for the tenth stagnation increment from 1st November, 2022 or two years after receiving the ninth stagnation increment, whichever is later and draw the 11th stagnation increment two years thereafter.
Provided further that those clerical/subordinate staff (including permanent part- time employees on scale wages) shall be eligible for the eleventh stagnation increment from 1st November, 2022 or four years after receiving the ninth stagnation increment whichever is later.
In other words, 10th stagnation increment shall be released 2 years after release of 9th stagnation increment and 11th stagnation increment shall be released 4 years after release of 9th stagnation increment. However, the financial benefit of 10th and/or 11th stagnation increment shall be paid with effect from 01.11.2022 or from the date of release of increment/s, whichever is later.
