HUMAN RESOURCES DEVELOPMENT DIVISION 7, BHIKHAIJI CAMA PLACE, HEAD OFFICE, NEW DELHI-66

HRDD Circular No. 628

Date: 12.06.2010 TO ALL OFFICES HRD DIVISION CIRCULAR NO. 628

Reg: Salary Revision for officer employees governed by PNB (Officers) Service Regulations, 1979 We take pleasure in informing all offices that consequent upon deliberations by the Indian Banks Association (IBA) with the representatives of Officers Associations, a package for salary revision for officers has been worked out and IBA has accordingly signed a Joint Note on 27.04.2010 with the representatives of officers organisations. 2. The details of the salary revision package for officers are enclosed (Annexure I). Pending amendments to the Regulations, it has been decided to disburse ad-hoc amount equivalent to the net arrears payable to the officer employees as also to continue to pay revised salary and allowances on an ad hoc basis. 3. It is suggested that the offices may work out the fitment and calculate the revised salary and arrears as per the format enclosed. 4. It may further be noted that the fitment of salary on stage to stage basis in respect of officers promoted from clerical cadre on or after 01.11.2007, is on provisional basis and may be subject to revision at a later date. 5. To facilitate calculation of arrears payable, we enclose with this circular, a set of charts and statements containing the following:1 Chart showing Existing & Revised Basic Pay, CCA, HRA scale-wise for officers (Annexure A) Chart showing Existing Dearness Allowances payable to Officers for the period November 2007 to April 2010(Annexure B) Chart showing Revised Dearness Allowance payable to Officers for the period November 2007 to April 2010 (Annexure C) Proforma for calculation (Annexure D) of revised salary and arrears