salary and perks
TRANSCRIPT
SALARY & ALLOWANCES ADMISSIBLE TO Asstt. Mgr/D. Mgr/Mgr/Chief Mgr/AGM/DGM/GMs
Grade Scale Designation Scales of Pay
JMGS I Asstt. Manager 14500-600/7-18700-700/2-20100-800/7-25700
(Auto switchover to MMGS-II scale)
MMGS II Deputy Manager 19400-700/1-20100-800/10-28100
(Auto switchover to MMGS-III scale)
MMGS III Manager 25700-800/5-29700-900/2-31500
SMGS IV Chief Manager 30600-900/4-34200-1000/2-36200
SMGS V Asstt. Gen. Manager 36200-1000/2-38200-1100/2-40400
TEGS VI Dy. Gen. Manager 42000-1200/4-46800
TEGS VII General Manager 46800-1300/4 -52000
(Cir. No. Per/10 dt.11.6. 2010)
Fixed Personal Allowance and Professional Qualification Allowance:
Fixed personal pay Professional qualification allowance
JMGS-I Rs.800/- +58+ HRA* Rs. 410/-p.m. for passing JAIIB (CAIIB Part I) after
one year on reaching top of scale
MMGS Rs 900/-+ 65+ HRA*
Rs.1030/-p.m. for CAIIB (both parts) after 2 years on
reaching top of scale
SMGS-IV Rs 1000/-+ 72+ HRA* * Fixed HRA on the date of sanction of FPA **Payment of FPA to be revised in promoted
grade on completion of one year
Per/01 dt.10.4.08
SMGS-V Rs.1100/-+ 79+HRA*
TEGS-VI Rs.1200/-+ 86+HRA*
TEGS-VII Rs.1300/- +94+HRA*
Stagnation Increments
a. Officers in JM Grade Scale I who have moved to scale of pay for MMG Scale II in terms of Regulation 5(b) after reaching maximum of the higher scale shall be eligible for four stagnation increments for every three completed years of service of which first two shall be Rs.800/- each and next two Rs.900/- each. Provided that officers who have completed three years or more after receipt of the second stagnation increment as on 1.11.2007 will get the third stagnation increment on 1.11.2007 and another stagnation increment on or after 1.11.2008 on their completion of six years after receipt of second stagnation increment. b. Officers in MMG Scale II who have moved to scale of pay for MMG Scale III in terms of Regulation 5(b) after reaching maximum of higher scale shall be eligible for three stagnation increments of Rs.900/- each for every three completed years of service. Provided that officers who have completed three years or more after receipt of the first stagnation increment as on 1.11.2007 will get the next stagnation increment with effect from 1.11.2007 and a subsequent stagnation increment on or after 1.11.2008 on their completion of six years after receipt of the first stagnation increment. Provided further those officers in substantive MMG Scale III i.e. those who are recruited in or promoted to MMG Scale III shall be eligible for four stagnation increments of Rs.900/- each for every three completed years of service. Those who have already received two stagnation increments and completed more than three years of service after receipt of second stagnation increment as on 1.11.2007 will get the third stagnation increment on 1.11.2007 and the fourth stagnation increment, on or after 1.11.2008 on their completion of six years after receipt of second stagnation increment
Dearness Allowance : 0.15% for every rise or fall of 4 points over 2836 points in the quarterly average of
the All India average Working class CPI Base 1960+ 100 (w.e.f.1.11.2007)
Salary and Perks available to Officers in SBOP
Page | 2
House Rent Allowance: Classification of Place Rates
Major A class cities and Project Centres in Group A 8.5% of pay
Other places in Area I and Project Centre in Group B 7.5%
Places in Area II 6.5%
Other places 6.5%
House Rent Recovery/Standard Rent at First Stage 1.20%
Furniture Rent Recovery at First Stage of Scale 0.25%
City Compensatory Allowance Area Rates
Rate Max. Rs.
Place in Area I and in the State of Goa 4% 540/-
Places with population of 5 lacs and over and State Capitals &
Chandigarh, Pondicherry, Port Blair
3% 375/-
Provident Fund : 10% of Pay Pension : 50% of Pay i.e. Basic Pay + stagnation increment+PQA+increment
component of FPA will be basic Pension and D.A.
Project Area Allowance (W.E.F. 1.11.2007) Group “A” Centres Rs.290/-p.m.
Group “B” Centres Rs.255/- p.m.
Other Allowances and Loans linked to Basic Pay continued to be paid in terms of the pre revised
Basic Pay till the existing rates / multiplying factors are revised.
Mid Academic Year Transfer Allowance: Rs.700/- p.m. (w.e.f. 1.5.2010)
Deputation Allowance: Classification Rates
Rate Max. Rs.
Deputation outside the Bank 7.75% 2300/-
Deputation to an Organisation at same place or to
Training Establishment of Bank
4% 1200/-
Hill & Fuel Allowance: Classification Rates
Rate Max. Rs.
Places with altitude of 1000-1499 meters 2% 550/-
Places with an altitude of 1500-2999 meters 2.5% 680/-
Places with an altitude of 3000 and above 5% 1570/-
Closing Allowance: Rs.250/- per half year closing (where books are closed)
Split Duty Allowance: Rs.165/- p.m.
Transfer of Baggage on transfer:
Pay Range Where officer has
family
Where officer has no
family BP 10000-13820(Revised 14500-19400) 3000 Kg 1500 kg 13821 & above (revised 19401 above) Full wagon 2500 kg
Per/14 dt.8.6.98
Transport of Baggage on transfer through approved carrier (Per/ 7 dt 30.5.11)
Hilly area Other than Hilly area
Upto 1000 Kms Rs. 5.50 per Km per Tonne Rs.3.70 per km. per tonne (up to 600 kms)
Rs. 1.85 per Km for next 400 Kms Minimum distance for claim 425 Kms 300 Kms
Salary and Perks available to Officers in SBOP
Page | 3
Loading and unloading charges on transfer:
Officers Metro Urban Semiurban Rural
JMGS &MMGS 7000 6000 5000 3000
SMGS 10000 8000 6000 4000
Top Executive 15000 12000 10000 8000
One Time expenses towards admission fee on transfer (subject to terms and Conditions)
Officers Amount
JMGS & MMGS 10000 per ward
SMGS & TEGS 15000 per ward
(In case ward(s) transferred to a different school/college/institute etc at any centre, other than the
place where the officer if transferred. The reimbursement will be restricted to two wards only)
LUMP SUM PAYMENT ON TRANFER
Officers Amount
JMGS & MMGS 20000/-
SMGS 25000/-
TEGS 35000/-
Transfer charges at the time of retirement (Cir No.Per/26 dated 25.11.2011)
On retirement, an officer may be allowed to claim baggage transport charges up to 20% higher
rates than the rates prescribed for officers in case of transfer, for movement from the last station
officer is posted to the place he/she proposes to settle down on retirement. However, the officer
will be eligible to claim travelling allowance for himself/herself and his/her family from the last
station at which he/she was posted to the place where he/she proposes to settle down on
retirement, subject to his/her entitlement. Officiating Allowance: 6% of Basic pay (Per/36 dt. 3.10.02)
(Officiating allowance payable only if an officer officiates in higher scale for seven
days continues or atleast seven days in a calendar month)
-Special Area Allowance: Area wise rates as per annexure –IV of Joint Memorandum dt 27.4.10
-Discomfort Allowance: Rs200/- per day (Officers who are required to work in shifts involving hardships
such as airports (Per/21 dt.24.08.07)
-Out of pocket expenses: 50% of daily allowance for attending court locally, if officer is unable to return
to branch/office by lunch time (Per/7 dt.9.4.2002)
LEAVE RULES: (new accounting procedure as on 31st March Per/2 dt.8.4.03)
a) Casual Leave 12 days in a year
(not more than 4 days C. leave to be availed at any one time)
- Un-availed Casual leave may also be suffixed or prefixed to sick Leave in
the following 3years. Can be sanctioned by the Authority competent to
sanction C Leave
b) P. Leave One day for 11 days of service. Accumulation upto 240 days.
Can be sanctioned by BM (MMGS-III) at 2 occasions in a year provided no
relief is required. (Per/28 dt. 24.10.98)
c) Sick Leave @ 30days (on half pay) for each completed year of service. Total leave
during service 540 days (half pay)
d) Spl. Leave a) Study leave for a maximum period of 2-3 years only after completion of 5
years service.
b) Extra ordinary leave on loss of pay Max. 360 days in total service.
c) A bond undertaking to serve the Bank on return from such leave for a
minimum period of 5 years or the bond amount (Cir No. Per/27 dt 19.12.11)
Salary and Perks available to Officers in SBOP
Page | 4
LEAVE TRAVEL CONCESSION: Block 4 years. Destination anywhere in India. The officer and family can perform the journey separately within 3 months. Each member can go to
different places within the permissible distance and the members of family can perform the journey
without the officer availing any leave. Encashment of fare: JMGS/MMGS 4500 Kms (one way) SMGS/TEGS 5500 kms(one way)
75% of eligible fare of entitled class
The mode and class by which an officer may avail of Leave Travel Concession shall be the same as the officer is normally entitled to travel on transfer and other terms and conditions subject to which the Leave Travel Concession may be availed of by an officer, shall be as decided by the
Board from time-to-time. Provided that w.e.f. 1st May 2010 an officer in Junior Management Grade Scale-I while availing LTC will be entitled to travel by air in the lowest fare economy class I which case
the reimbursement will be the actual fare or the fare applicable to AC 1st Class fare by train for the distance travelled whichever is less. The same rules shall apply when an officer in Middle Management Grade Scale II and Middle Management Grade Scale III while availing LTC where the distance is less than 1000 kms.
Home Travel Concession: Block 4 years (However one can avail LTC in first two years and HTC
in other two years and vice versa in the same block of four years) (Notional entitlement for MMGS-II By air if distance beyond 500 kms. Per/59 dt.18.3.96 (revised 1000 Kms)
Encashment of leave: One month leave once in four years or 15 days P. leave in Each HTC/LTC Encashment of one day’s P. leave for donation to PM Relief Fund Per/27 dt.15.9.97
INCOME OF DEPENDENTS: Wholly dependent family member’s income has been fixed @ Rs.3500/- p.m.
Availment of LFC after retirement (within 2 months) with prior approval Per/5 dt.26.05.09
Extension of LFC Block by 6 months on admn. Grounds in exigencies of service Per/14 dt.28.08.08
JOINING TIME: Not exceeding seven days exclusive of the number of days spent on journey. Compensatory leave in lieu of work done on Sunday/Holiday Per/114 dated 6.8.1983
Entitled class for travel : Per/39 dt.20.3.04. Category Entitled class by rail By steamer
JMGS 1st class or AC-II tier sleeper by train 1
st class
MMGS 1st class or AC-II tier sleeper by train, By
air(economy) if distance more than 1000 kms. Ist class or highest class if distance is
more than 500 kms
SMGS- TEGS AC 1st class
or By air (economy) Highest class by steamer
Travel by own vehicle: If journey approved by competent authority w.e.f 30.09.2011 Sr.
No.
Type of Vehicle Existing rate of
reimbursement
per K.M.(Rs.)
Proposed rate of
Reimbursement per
K.M.(Rs.)
1. Four Wheeler;
Engine capacity of 1000 cc or more
5.80
9.00
2. Four Wheeler;
Engine capacity of less than 1000 cc
4.60
7.00
3. Motor Cycle and Scooter 2.80 4.50
4. Mopeds 2.00 3.00
PROVISION OF BRIEF CASE: Once in three years (Max. Ceiling) (Per/17 dt.30.08.2011)
JMGS Rs.2400/- MMGS Rs. 3100/- SMGS Rs.4000/- TEGS-VI/VII Rs.4700/- TEGS-I/II Rs.5000/-
Salary and Perks available to Officers in SBOP
Page | 5
REIMBURSEMENT OF PETROL EXPENSES:
a) Those who do not own any vehicle : JMGS Rs.710/- pm MMGS Rs. 925/- pm SMGS Rs.1160/- pm
b) Owners of four wheelers (Population details Per/18 dt.17.12.04) Scale Area-I
Populatio
n 12 lac &
above
Litre
Area- II
1 lac to less
12 lac
Litre
Other
centres
Litre
Four wheelers Lumpsum petrol Lumpsum petrol Lumpsum petrol
SMGS AGM/CM 1770 105 1300 95 1130 85
MMGS-III Mgrs 1770 95 1300 85 1130 75 MMGSII Dy. Mgr. 1425 80 1130 75 955 70
JMGS Asstt. Manager 980 60 725 55 640 50
Two Wheelers All officers 980 50 870 45 770 40
* W.E.F. 01.06.09 on certificate basis @ prevailing on the last date of month (Per/ 3 dt.26.5.09 & Per/ 7 dt. 28.05.09)
BPR initiatives-Conveyance expenses @rs.2.80 per km orRs.150/ per day Max. Rs.2500/- p.m. Per/20 dt.13.01.09
Circular No. 45 dated 30.03.2011)
RENTAL CEILINGS: w.e.f. 1.1.2011 up to SMGS and 1.4.11 for TEGS (per/09 dt. 30.5.11) Grade Mumbai
Rs.
Delhi
Rs.
Major A*
Centres
Rs.
A Population
7.50 lacs &
above(Rs.)
B 2 lacs to
less than 7.50 lacs
Rs.
C
Other centres
Rs.
JMGS 20000 15000 14000 10100 5800 4100
MMGS-II 20000 15000 14700 10800 6200 4400
MMGS-III 25000 18000 15400 11100 6500 4900
SMGS-IV 30000 20000 16800 12100 6900 5200
SMGS-V 35000 22000 18200 12800 7500 5900
TEGS-VI 60000 50000 30800 18900 13000 NA
TEGS-VII 65000 55000 35000 24300 18200 NA
Car parking 1000 1000 1000 600 300 NA
Society
Maintenance
charges
1250 1250 1250 925 625 300
* Kolkata, Chennai, Ahmadabad, Bangalore, Hyderabad **Vishakhapatnam,Patna,Vadodra,Kochi,Indore,Bhopal,Ludhiana,Coimbotore,Madurai,Agra,Varanasi
-Leased accommodation at rental in excess of entitlement also to be sanctioned by same authority
- Advance rent for leased accommodation for 10 months at Mumbai
-Payment of brokerage for 2 months entitlement of rent at Mumbai and Navi Mumbai -Leased accommodation for family upto MMGS-III anywhere in India, extended upto SMGS-V -Rent on capital cost basis even if posted outside -Ceilings for capital cost basis on the rates applicable to the place where house is constructed
-Rental Ceilings applicable to the centre where leased accommodation is provided
-Lease from close relatives other than spouse is allowed (Per/8 dt. 30.05.2011).
Travel within 15 Kms. Where from the journey started and remained away for atleast 4 hours
Half of the halting allowance or Rs.275/- per day whichever is lower Per/27 dt.b28.02.07
Electricity charges reimbursement to AGMs – 25% of bill with Max. of Rs.500/- p.m. IRD/2 dt 10.10.08
LODGING & BOARDING: Per/27dt.01.11.2007 Grade Scale Major A Area 1 Others
TEGS VI-VII 6800* 3400 3000
SMGS IV-V 4000 2400 2000
MMGS II – III 2400 1600 1200
JMGS I 1600 1200 800
Major A = Mumbai, Delhi, Kolkata, Chennai, Ahmadabad, Bangalore & Hyderabad
Area –I = Pune, Nagpur, Surat, Kanpur, Patna, Jaipur, Lucknow, Visakhapatnam, Patna, Vadodra, Kochi, Indore,
Bhopal, Ludhiana, Coimbatore, Madurai, Agra & Varanasi
* Actual expenses not exceeding 125% of the tariff of entitlement at Delhi, Mumbai & Kolkata
Salary and Perks available to Officers in SBOP
Page | 6
Halting/Daily Allowance Per/28 dt. 30.12.2003 Per/25 dt.30.3.05 w.e.f. 1.5.2010
SMGS/TEGS IV-V-VI-VII Rs.1000* (Rs.1200/- at 4 Metros Delhi, Kolkata, Chennai
Mumbai) 800 700
JMGS/MMGS I-II-III Rs.800(Rs.1000/- at 4 Metros Delhi, Kolkata, Chennai
Mumbai) 700 600
Less 4 hrs Nil 4 to less 8 hrs Half 8 hrs & above Full (Per/33 dt.17.8.01 w.e.f 1.6.01)
FURNITURE & FIXTURES AT RESIDENCE: (Per/25 dated 26.02.07 & Per/8 dt.24.5.07)
Category Amount
(excluding
taxes)
Annual
repair
charges
( in Jan)
Curtains(with
in overall cost of
furniture &
Fixture)
Furniture Items: Sofa set, Central Table,
Show Case, Single Bed (4), Dining Table,
Dining Chairs(6), Writing Table &chair,
dressing table , Ironing Table with Iron,
Invertor, Computer Table & Chair, Kitchen
rack, RO System/water purifier, Fully
automatic washing machine, refrigerator(any
size), mixer grinder, vacuum cleaner, LCD
TV of any size, TV trolley, Set Top Box,
OTG or Microwave Oven, Room Heater,
Meat Safe, Garden Chairs(4), Bed Side
Table(2), AC(any size) , Laptop/Notebook,
DVD /VCD / Home theatre, Sofa-cum-bed,
tel. table, carpet , Shoe rack
Fixtures: Ceiling fan (4), Tube Light(6),
Chandelier(1), Geyser (1), Steel Almirah (2),
Air Cooler (1), Morning Walker, Foot
Massager (Per/8 dated 29.05.2010)
JMGS * 90,000 9,000 9,000
MMGS 1,00,000 10,000 10,000
SMGS-IV 1,10,000 11,000 10,000
SMGS-V 1,75,000 12,000 15,000 +Cooking range, dish washer, wardrobe,
wall unit, Kitchen Chimney hub, Food
Processor
TEGS VI-VII 4.00,000 By Bank Included in
the ceiling
Detail of items & other conditions Cir. Per/ 16 dated
24.07.2007(LCD 32”, Washing machine 7 Kg)
Curtains: Replacement after 3 years
Dry cleaning every 6 months (Per/9 dt.14.7.2008)
Clause for minimum furniture removed (Cir. Per/28 dt.31.8,.2002)*(Eligibility: All confirmed officers)
Furniture to eligible officers residing in ancestral/house built without bank finance Per/54 dt.18.3.02
REPLACEMENT/REPAIR OF FURNITURE/FIXTURES (Cir. No. Per/71 dated 14.2.97) 1. Maintenance/repair charges will be paid once in a year in the month of January . No carry forward is
allowed.*Annual lump sum amount to be paid in full to those officers (JMGS to SMGS)who avail furniture to the extent
of 50% or more of their entitlement and no amount is payable to those who avail less than 50%(Per/8 dt. 12.7.08) Ist
payment will be made only if January falls 9 months after purchase of furniture
2. Furniture /fixture will be replaced after 10 years. All electronic and electric consumer items and equipments running
on electricity except physical health equipment to be replaced after 5 years. Mattresses, curtains and inverter battery
to be replaced after 3 years.
3. In case of unfortunate death of officer, no recovery from family.
4. Insurance to be paid by Bank
5. Curtains within overall ceiling to be replaced after 3 years. (Per/22 dt.19.2.09)
6. The officer will have to utilize 50% of overall entitlement on furniture items
7. At the time of retirement, if the items are old than 5 years, no cost to be recovered and in case the period of 5 years
from the date of purchase is not complete, book value to be recovered.
8.. Electronic Items, Mattresses, Curtains and Inverter battery being consumable item may be given to officer
free of cost at the time of retirement and depreciated book value thereof will be written off.
Repair/Replacement of Inverter Battery Rs.9000/- once in 3 yrs (Per/22 dt.19.02.09
Reimbursement of disinfecting/cleansing Material to officers who have been provided with
furniture (Cir. No. Per/22 dt. 22.11.2011)(also Refer Cir. Per/27 dt 13.12.2003 Per/ 14 dt.22.06.07) Grade/ Scale Monthly Reimbursement (To officers provided with furniture)
JMGS 750/-
MMGS 950/-
SMGS-IV 1050/-
SMGS V 1250/-
TEGS 1550/-
Salary and Perks available to Officers in SBOP
Page | 7
Misc. Facilities 1%interest rate over and above applicable to public to be paid to staff on all type of deposit schemes (Per/22 dt.19.2.09)
Get together of staff at special occasions -Retirement Rs.25/-per head Min. Rs.500/- HRD/1dt.22.7.02
Joining/promotion Per/18dt.12.6.01, Silver Jubilee Per/46 dt.12.3.03 Rs.15/- per head minimum of Rs.100/-
OTHER ITEMS AVAILABLE: Emergency 1*
SMGS 1150/- MMGS/JMGS 750/-
Per/3 dt.18.4.01,Per/19 dt. 6.9.03 ( 7 yrs)
Table lamp 1
ceiling Rs.500/-
Per/3 dt.04.05.1999
Mosquito net/ terminator 4
Ceiling Rs.2000/- Once in 3 yrs
Per/78 dt.22.3.97,Per/4 dt.9.4.02
Hand Blender/Electric toaster
Cost Rs.1000/-(life 3 yrs)
Per/ 50 dt. 31.3.2006
Plastic bucket, mugs, dustbin,
water container Rs.1500/- p.a.
Cir. IRD/8 dt. 27/10/2011
Per/35dt.14.12.05,Per/30
dt.22.3.10 (on certificate basis)
CFL tubes 2 Cost Rs.350/- each (life 5 years)
Per/1dt.12.4.01& Per/9 dt.23.4.02
Refer Circular No. Per/46 dated 4.10.96,Per/3 dt. 4.5.1999,Per/1 dt.12.4.2001, Per/4,5,6 dt.9.4.2002 and Per/10,11 dt.23.4.2002 ,
Per/3 dt. 8.4.03 Per/24 dated 14.11.2003 Per/20 dt.16.9.05)
Telephone at residence LANDLINE TELEPHONE MOBILES
Scale Controllers(p.m.) Others
(Monthly)
Controllers (p.m.) Others (p.m.) Cost of Mobile
set (Rs.)
JMGS (Less than 2 years of
service)
n.a. Combined entitlement for landline + Mobile Rs. 500+Rent
of mobile but includes rent of land line + taxes per month 3000.00
JMGS (With 2 years of
service or more)
n.a. Combined entitlement for landline + Mobile Rs. 500+Rent
of mobile but includes rent of land line + taxes per month 5000.00
MMGS-II n.a. Combined entitlement for landline + Mobile Rs. 1000+Rent
of mobile but includes rent of land line+ taxes per month 5000.00
MMGS-III n.a. Rs.730+taxes n.a. Rs 700/-excluding
Rent & taxes 6000.00
SMGS-IV n.a. Rs.1600+taxes Rs.1000/- excl.
Rent & taxes Rs.1000/- excl.
Rent & taxes 12000.00
SMGS-V Rs.1600 + taxes Rs.1600+taxes Rs.2000/- excl.
Rent & taxes Rs.1000/- excl.
Rent & taxes 12000.00
TEGS-VI Rs.2700/- + taxes Rs.2700/- +taxes No Ceilings No Ceilings 25000.00
TEGS-VII Rs.3500/-+ taxes Rs.3500/-+ taxes No Ceilings No Ceilings 50000.00
(* Detailed Circular No. IND/ 2 dated 24.06.2009, IND/3 dated 17.9.09, IND/1 dt.8.4.10 (for landline) IND\10 dt 12.12.11
consolidated for mobile phones)
As the officer is entitled to keep the lease/residential accommodation at his place of choice, it has been decided to provide
residential phone at place of leased/approved residential accommodation. However, the officer shall be entitled to only one
residential phone connection. All Br. Managers, All Scale IV and above are eligible. MMGS-III (once eligible always eligible) (Admn. Order 1 dated 16.10.1996)
Quarterly accumulation of call charges & Clubbing of land line +mobile entitlement allowed to officers in
MMGS-II and above ((IRD/2 dated 10.10.08, IRD/6 dt.10.3.09 &IRD/4 dt.28.8.10)
(OPD /5 dt.12.9.03 and OPD/ 5 dt.11.1.05) ( * IRD/BOD/ 79 dt.31.3.06)
Mobile set to be changed after 3 years IRD/BOD/2 dt. 13.04.07
Internet (Broadband) facility allowed on residential land line within overall entitlement Memo IRD/5 dt.24.01.07
Medical Allowance: (w.e.f. 1.11.2007) Grade/
Scale
Medical Reimbursement
JMGS &MMGS Rs. 5100/- per annum (In case of officers who are promoted or joined the bank during the year, reimbursement
of medical expenses for the year may be made in full upto the applicable limit.) (Per\14,15 dt.18.3.81
SMGS & above Rs. 6320/- per annum
Hospitalisation: 100% for self and 75% for dependants at approved rates JMGS/MMGS 125% SMGS/TEGS 150% of rates applicable to clerical staff
Annual Health Check-up Scheme
Grade Scale Centre Amount per annum
MMGS-III & above (Female) Major A Rs. 3700/-
MMGS-III & above (Male) Major A Rs. 3500/-
MMGS-III & above (Both) Other Centres Rs. 2250/-
JMGS-I & II (With age of 40 years & above) All centres Rs. 1000/- Reimbursement of Root Canal treatment Per/17 dt.5.11.08 Anterior Rs.900/- Posterior + x ray Rs.300/-per tooth)
(Per/1 dt.8.4.03 Per/22dt.21.09.05) Scale-I & II (with age of 40 years above) Rs.1000/- (PER/39 dt.07.02.2008)
Salary and Perks available to Officers in SBOP
Page | 8
GRANT OF SILVER SUBILEE AWARDS/RETIREMENT GIFT:
Category of Staff Silver Jubilee (in Rupees)* After completion of 25 years of service
Retirement Gift (in Rupees)
Circular No. HRD/01 dated 28.05.2011
JMGS & MMGS 10000 (*Cir. Per/ 10 dt.31.5.11) 6250
SMGS 15000 10000
TEGS VI & VII 20000 20000 Working on Sundays/Public Holidays Rs.500/- at Rural Rs.700/- at other centres as
Compensation to conveyance/luncheon etc. (Per/15 dated 21.5.01)
Late Sitting Reimbursement of expenses on refreshment etc. @ Rs.200/- per day not
Exceeding 10 days in a month (IRD/2 dt.10.10.08)
Extension in Service 1st – 30 years service or 55 years of age up to 58 yrs
2nd
– 58 to 60 yrs (Per/35 dated 10.11.99)
Membership of Clubs Admission fee Rs.2000/- Annual subscription Rs.1000/- ,
Eligible: SMGS, TEGS & all Br. Mgrs/MOD/LBO (Per/30 dt. 21.1.04, Per/34 dated 12.8.1996) (Once eligible always eligible) Per/34 dt.12.8.96
Reimbursement of cost of greeting cards to be sent to clients/VIPs on Diwali/New Year
DGM Rs.1000/- AGM Rs.800/- CMRs.700/- MMGS-III/BMs
Rs.600/- MMGS-II/JMGS (other than BMs) Rs.500/-
(on each occasion Memo PRO/1 dated 1.5.2002)
Conveyance to Handicapped 5% of B.P. Max.Rs.400/- pm w.e.f. 01.01.2010
Out of pocket expenses at service/MICR branches, Airport etc. Rs.200/- per day Per/21 dt.24.8.07
Leased accommodation from close relatives (Cir No. Per/08 dated 30-05-2011)
Replenishment of cash in offsite ATMs: Rs. 200/- per visit (IRD/8 dt. 27/10/2011)
Assets & Liability Statement: To be submitted every year on 31st March before
30th June. Every transaction exceeding Rs.25000/- to be reported to the competent authority.
Floating rate of interest on HL No flat fee (Cir. Per/39 dt.23.10.02)
Diploma/short course in computer Reimbursement of fee & payment of honorarium
Approved agencies: NIIT, SSI, Tata InfoTech, Cal-c (Cir.Per/30 dated 9.10.2000)
Subsistence Allowance Details of deductions (Per/32 dt.23.1.04) Joining time not allowed immediately: within 3 months by controllers/deptt. Head (Per/11 dt.25.5.07)
PROVISION OF NEWS PAPERS /MAGAZINES/CASUAL LA BOUR
Scale Amount per month (Rs.) ON
CERTIFICATE BASIS
(Circular No. Per/24 & 25 dt. 22.11.2011
w.e.f. 01/09/11
Casual labour (per day)
Cir. No. Per/ 21 dt.22.11.2011
(if at-least 50% furniture is provided)
w.e.f. 01/08/2011
JMGS-I Rs.450/- p.m. Rs.13/- per day
MMGS-II/III Rs.650/- Rs.20/-
SMGS-IV Rs.950/- Rs.35/-
SMGS-V Rs.950/- Rs.70/-
TEGS-VI Rs 2750/- Rs.105/-
TEGS-VII Rs.3500/- Rs.105/-
PROMOTION POLICY (Cir. Per/26 dt.4.7.2001 Memo Per/32 dt.26.9.06Cir Per/49 dt.6.6.88,.Per/55 dt.20.3.02)
Scale
Promotions effective from 1st Dec
of the Relevant promotion year
Eligibility (General Cadre)
Eligibility date 1st Dec of Relevant
promotion year
Eligibility (Specialist Cadre)
Eligibility date 1st Apr of Relevant
promotion year (Per/5 dt.10.05.10)
JMGS-I to MMGS-II
Fast channel
Regular/Seniority channel
4 years of service
7 years of service
4 years of service
8 years of service
MMGS-II to MMGS-III 5 years of service 5 years of service
MMFS-III to SMGS-IV 5 years of service 5 years of service
SMGS-IV to SMGS-V 4 years of service 4 years of service
For appraisal marks see circular No.Per/34 dt.22.8.01 Deletion of Probation clause for in-cadre promotion Per/26
dt.30.9.05
TRANSFER POLICY/ TRANSFER PREFERENCE FORM
JMGS/MMGS-II Cir. No.Per/24 dt.13.3.86 MGS-III Cir No.Per/25 dt.10.3.09
Salary and Perks available to Officers in SBOP
Page | 9
ENTERTAINMENT EXPENSES REIMBURSEMENT (P.A.): (Cir No. Per/23 dt.22.11.11 )w.e.f. 2011-12
Scale Officers
with
Budgetary
Assignment
(1)
Other
Officers not
covered in
(1) or (2) (3)
Officers on
operational
assignments **
(2)
Sundry expenses
for other officers
at HO /ZO / Other
establishments
BMs
(Sundry
expenses
)
Other Officers, MOD,
LBOs, Distt. Co-ord, &
RDMs, Relationship
Managers Sundry
expenses)
JMGS (ALL) 17000 7000 12000 2000 3000 2000
MMGS-II 20800 8800 14800 3000 3500 2500
MMGS-III 27200 9200 18200 3500 4500 3000
SMGS-IV 33000 11000 22000 4000 5000 3500
SMGS-V 38700 12700 25700 5000 5500 4000
TEGS-VI 55600 25600 - 6000 6000 -
TEGS-VII 62000 32000 - 7000 - -
*Officers posted as LBO/DCO/FO/ACCTT/other officers/specialist officers
**Officers of all scales in Operational assignments like Field Officers, Accountants, Cash Officers, Lead Bank Officers, District
Co-coordinators, Credit Officer (Rural CPC), Customer Support Officer (Support Officer to RM ME), Relationship Manager
(Personal Banking branches – New business department outfit) Sr. Marketing Executives (HLST), Team Leader (MPST), City
Case Officer (SARC), CPC Team Leaders, Credit Analyst, COO in MCG / CAG and at other DGM headed branches, Case Lead
Officers, Recovery and Rehabilitation officers at SAMBs, Customer Relation Officer (in redesigned branches) Relationship
Manager (NRI) other BPR Role Holders etc.
- Sundry entertainment expenses reimbursement @Rs3600/- p.a. to officers on probation IND/8 dt 27.10.11
PASSING POWERS:
Br. Manager /MOD
D.M(A/cs)/ Asstt. Mgr A/cs)
Dy.Mgr. Asttt. Mgr.
Cash Unlimited Unlimited 2.00 Lacs
Transfer Unlimited Unlimited 5.00 Lacs
Payment of compensation on death/disability/serious injury while on duty on account of dacoity, robbery,
attack by terrorists Cir. No. Per/41 dated 7.01.03 RETIRAL BENEFITS :
Encashment of leave : Max. 240 days at the time of superannuation (deemed to be retired in the ordinary course
Per/17 dt.14.8.2000)
In case of resignation, half of such leave at credit on the date of cessation of service subject to max. 120 days
(Per/28 dt.14.7.2001)
Gratuity : As per Gratuity Act 1972, payment of gratuity is calculated as under :
The amount will be payable @ 15 days wages for each completed year of service on the basis of 26 working days in a
month, subject to ceiling of Rs. 10.00 lacs and minimum service for eligibility for payment of gratuity is 5 years..
Basic pay + D.A. + PQA + FPA + Spl. All x 15 x length of service
26
However, as per Gratuity Regulations1970, one month Basic Pay for each completed year of service (15 years to 30
years) and 15 days for each completed year of service beyond 30 yrs of service.. (Minimum service of 10 years)
Income tax exemption is available upto 10.00 lacs
Commutation of Pension: An officer is entitled to commute not exceeding 1/3 of his pension. Arrive at 1/3rd
of the
basic pension to be multiplied by 12 X age next birthday factor.
Residential Accommodation & Telephone:
May be retained for 2 months from the date of retirement
Holiday Homes: Can be permitted to stay in Holiday Homes
Concessions to Retired Officers : Interest rate 1 % above the current rate of interest allowed to public on saving Bank
deposits/fixed deposits. Interest on loans granted to them will be charged at the rate fixed from time to time on
different type of advances to the members of staff. These concessions will be available for genuine needs.
RETIRED EMPLOYEES MEDICAL BENEFIT SCHEME
-Provision of financial assistance upto Rs.2.00 lacs for self and spouse.
-Initial contribution : One gross Pension/notional gross pension within 3 months of the receipt of first pension
-Eligibility: Officers/employees retired on completion of 30 years of service and also those who have been retired/will
retire from service on attaining the superannuation age of 58 or 60 years with 10 years pensionable service.
Purchase of Furniture at the time of retirement : (Per/8 dated 12th
July 2008)
a) items with more than 5 years of age - Free of cost
b) items with more than 4 years of age - at 20% of the original cost
c) items with more than 3 years of age - at 40% of the original cost
d) items with more than 2 years of age - at 60% of the original cost
e) items with more than 1 years of age - at 80% of the original cost
f) items with less than 1 years of age - at 100% of the original cost
Salary and Perks available to Officers in SBOP
Page | 10
FACILITIES TO INSPECTING OFFICIALS
A) Supplement daily allowance @ Rs.10/- per day extra + addl. Rs.10/- p.d. (Per/31 dt.23.1.04)
B) Family residence at place of choice, one 3 minute STD call to family once in a fortnight,
C) Kit all.Rs.6000/- Ist year & Rs.3000/- per year for subsequent 4 yrs Per/33 dt.30.03.10
D) Spouse to accompany once in a year E) Telephone facility at residence
Refer: (Per/32 dt.3.4.89, Per/94 dt.15.12.89, Per/57 dt.15.3.96, Per/72 dt.14.2.97) Staff Welfare activities (year to year basis) (Cir. No. IRD/Gen/02 dt.02.06.08, IRD/6 dt.29.6.09 Memo IRD/2 dt.15.6.10)
a) Financial assistance 50% of gross salary or a maximum of Rs.7500/- per month (Max. 18 months) on account of
leave on loss of pay due to major accident/operation or ailment
b) Financial assistance to meet the expenses for education, training & correctional therapy of their
Physically/mentally handicapped children (Rs.7200/- p.a. per child)
c) Rs.20000/- or difference between the amount spent for self hospitalisation, whichever is less(once in life)
d) Life Insurance from SBI Life Rs12.50 lacs (policy effective from 29th Oct 11) in case death of accident, amount
will be double)
e) Annual check up for spouse of employees/officers of 40yrs of age or above Amt. Rs.1000/- p.a.
Tuition fee allowed to the wards of all officers irrespective of B.P. IRD/Gen/17 dt.9.12.04 Holiday Homes : Bangalore, Darjeeling, Delhi, Goa, Jaipur, Amritsar, Kanyakumari, Mumbai, Manali, Katra,
Nainital , Dalhousie, Haridwar, Shimla, Agra, Shirdi, Mussoorie
HOUSE LOAN (w.e.f. 1.04.2011) Reference Circular No. Per/41 dated 29th
March 2011 Limit (Max.) 90% of cost of Project or Rs.20 lac whichever is lower. Rate of Intt. 6% p.a. simple Margin : 10% of project cost Repayment : 240 months or date of retirement whichever is earlier – commencing 24 months from date of disbursement of 1
st instalment or 6 months after completion of project whichever is earlier. In case of
ready built, recovery from the month following the month in which advance is taken. Instalment in the ratio of P:1 + 7:3). Primary Security : Equitable Mortgage of House Collateral : Line on PF will be noted. Other terms & conditions:
(a) Add.l Housing Loan for purchasing a bigger house or for repair, renovation or alterations in existing house, after 5 years @ 6 % p.a. (simple) as against present tiered rates.
(b) The process of sale of old house and purchase of new/bigger house to be completed within 9 months. Delay can be condoned by GM up to 24 months and beyond 24 months by CGM but up to a maximum of 36 months and in exceptionally genuine cases upto 60 months by the MD.
(c) Add. Housing Loan on commercial rate to meet their additional requirements will continue, in case the amount permissible under IHLS is not sufficient to complete the project. Employees, who are not eligible under Individual Housing Loan Scheme for any reason, can also raise home loan on commercial terms as applicable to public housing loan scheme.
The employees who were sanctioned or availed housing /additional housing loan under IHLS, in the past, without any cut off date will be permitted enhancement up to their entitlement with a maximum of Rs.20 lacs, either to complete the housing project or to repay high cost outstanding debts or housing loan on commercial rates from the Bank/other Banks/Financial Institutions provided the following stipulations are complied with: (i) Initial project cost as submitted at the time of sanction of loan remains unchanged, (ii) The loans from outside sources (verifiable institutional sources) (iii) The outside loans should have been raised for housing purpose from approved and verifiable
institutional sources like LIC, HDFC, Staff Co-operative Societies, scheduled commercial banks and any other Govt./Semi-Govt. housing finance institution etc. and/or Bank’s housing loan at commercial rate of interest and should have been indicated as such in the housing loan application.
(iv) The eligibility/quantum subject to repayment capacity of the employee i.e. instalment Present plus future should not exceed 60% of the gross monthly emoluments/income.
(v) The eligible amount towards liquidating/reducing the loans raised by the employee should be directly released to the financial institution/bank/staff co- operative society etc.
(vii) The amount of enhanced housing loan will be to the extent of the outstanding amount of the eligible outside/commercial borrowing availed for housing purpose, subject to the ceiling of the revised limit.
-Loan equal to combined amount calculated on the basis of their individual eligibility or the maximum permissible to an employee under IHLS, whichever is less.
Salary and Perks available to Officers in SBOP
Page | 11
- Loan for repair/renovation: 50 times of the Basic Pay or Rs.10 lacs, whichever is less. - Calculation of 60% deductions :Any regular income from other sources like interest on deposits, dividend income, income or rental income from existing house as declared by the employee in the last I T Return may also be added to the gross monthly emoluments of the employee to calculate the percentage of deductions. - In all existing HLs before the 1
st of April, 2011, interest @ 5%p.a.(simple) will continue to be
charged for the initial principal loan amount outstanding up to Rs.1.10 lacs, till full and final repayment of such loan
Repayment after Retirement upto 70 years of age: Refer Circular NO. Per/29 dt.8.10.97, Per/131 dt.4.10.83)
LOAN FACILITIES AVAILABLE:
Facility Loan Amount Limit for interest Rate of
Intt.
Circular
Rs. Simple
1. Festival One Gross Salary (to be rounded 000 on
lower side) (BP+DA+HRA+PQA+FPA
(emoluments as payable for the purpose of
leave encashment for LTC
Nil Per/04 dt.26.05.2009 Officers on probation also eligible
Per/32 dt.4th
May 1982
2. Conveyance
-Four Wheeler(car) 7,00,000 Margin 10% 7.00% p.a. Per/31 dt.29.03.2010
Per/43 dt.30.03.11 - Com. Rate of intt. As per public scheme Per/ 47 dt.12.3.03
-Car Repair Loan 30000 Rs.10000 simple Next 20000 com. rate of intt.
Per/ 28 dt 1.3.07
-Two wheeler 1,00,000 Margin 10% 6.00% p.a. Per/31 dt.29.03.2010
3.House Loan 20,00,000 6% Per/41 dt.29.03.2011 Cost ceilings increased to Rs.50.00 lacs-
Income of both spouses can be counted*
HL at Commercial
Rate of interest 450000 Per/39dt.14.12.05
Ceiling of 60%
removed
PLR Per/47 dt.25.2.02
Education Loan 8% for male students
7% p.a. for female Per03 dated 20.04.2011
4. Personal
Loan/OD LIMIT
subject to available
non-encumbered
balance in PF
except lien on a/c
of house/vehicle
loan
JMGS-I to SMGS-V = Service >3 but <5 years = Rs.1.50 lac
Service >5 but <10 years = Rs.4.00 lac
Service >10 years = Rs.7.00 lac
TEGS-VI&VII Service >10 years = Rs.9.00 lac
Subject to a maximum of 50% of the revised limit as Demand loan payable in 84 (70 + 14
instalments towards principal & intt.). If insufficient balance in PF, extension of mortgage on
house property to avail full loan amount as per entitlement Per/8 dt. 28.05.09 Per/14 dt.28.7.09 ,
Per/17 dt.2.9.09
5.Consumer Loan 20000 11% p.a. simple not eligible, If OD limit availed,
Per/83 of 1983 Per/25 of 1990
(items-PC,AC,Invertor,Mobile/cordless phones,two wheelers included in the old list) (Per/25 dt.5.7.02)
6. Loan for purchase of Computer/Lap Top Rs.40000/- 5% p.a. Per/31 dt.07.12.07
7. 2nd
vehicle Terms & Conditions as applicable To public Per/47 dt/12.3.03 8. Renovation of House not Constructed with Bank finance Rs.2.00 lacs Per/11 dt .6.6.03
Salary and Perks available to Officers in SBOP
Page | 12
Waiver of Interest on Loan Accounts in Case of death
Waiver of interest on Loan Accounts in case of Death : outstanding in loan accounts of officers
who die in harness, cannot be waived. However, interest on loan accounts of a deceased officer
may be waived from the date of death to date of closure of loan accounts subject of certain
conditions as in SBI.
(Circular No. Per/01 dated 01-04-2011)
Conveyance Loan Scheme :
Two Wheeler Loan : 90% of cost of vehicle may be sanctioned without ceiling, but within the
overall ceiling for car loan i.e. of Rs. 7.00 lacs. (Per/43 dt. 30-03-2011)
Medical Reimbursement
Medical Reimbursement in case where Mediclaim Policy has been taken by the officer, as original
bills have to be submitted to the Insurance Company, the bank may accept photocopies along with
the settlement letter from the Insurance Company to consider payment of the balance amount
within eligibility to the officer.
Other terms & Conditions are detailed in Circular No. Per/02 Dated 06-04-2011.
New Guidelines for retention of Accommodation/Car/Telephone by the Officers after
retirement. a) Normal Retirement : Two months (without approval) b) Voluntary Retirement (with or without re-employment : One month from the date of VR c) Resignation : 15 days from the date of resign. d) Dismissal /Removal from service : 15 days from the date of receipt
(Cir. No. 40 dt. 18-02-2011) of order of dismissal /removal
Conveyance Loan/House loan- Conversion on promotion : Per/4 dt. 26.4.04
Car loan available from the date of promotion or becoming eligible for car loan whichever is later. Loan
to be repaid in 200 instalments from the date of original sanction.
House loan upto entitlement of the grade/scale for repayment of outside borrowings such as LIC, Housing
finance cos., HDFC, Co-op society etc. or loan at commercial rate of interest . To be paid in 240 months as
per original repayment schedule.
House loan at commercial rate of intt. For acquiring/construction of 2nd
House : (Per/40 dt.19.3.04)
As per scheme applicable for public subject to condition that total deductions should not exceed 60% of
gross salary. Check off facility. To be sanctioned by same authority who is competent to sanction house
loan under staff scheme.
Personal Loan – Deductions (Per/33 dt. 9.2.04) Outer limit 60%. Only deductions towards repayment
of loan and statutory deductions like PF, Income tax. Other deductions like Insurance Prem., RD,
Savings/Welfare fund, extra PF, Festival Loan instalment to be excluded.
NO INTEREST to be charged on loan accounts of deceased employees from the date of death of
employee till settlement of terminal dues (MAX. 3 MONTHS) Per/21 dt.12.11.09
Festival loan may be sanctioned without having any relation to 60% deduction.
Reduction of interest rates on Personal Loan, loans against approved securities P&SB/1 dt.19.4.05
2.75% below BPLR i.e. 7.75% on DL/OD upto 3 yrs (3 -6 yrs) 2.25% below BPLR i.e. 8.25%
Reduction of interest rates on loans to staff on commercial rate of interest. P&SB/6 dt.5.5.05
NO LIEN ON PF ACCOUNT FOR EDUCATION LOAN UPTO RS.4.00 Lac Adv/P&SB/121 dt.5.3.07
Salary and Perks available to Officers in SBOP
Page | 13
Temporary advance against PF (Refer Memo No. PFG/4 dt.26.12.1983)
Particulars Max. Amount Repayment
1. For self Marriage/marriage of
son/daughter/wholly dependent brother/ sister
6 months Basic Pay 48 months
2. For marriage of near relative 3 months Basic Pay 24 months
3. For medical treatment self/family 3 months Basic Pay 24 months
4. For repair of house 3 months Basic Pay 24 months
INCOME TAX ON PERKS TO BE BORNE BY BANK Per/4 dt 3.5.10,Per/32 dt.29.3.10
Reconstitution of Redressal Committee: Memo No. Per/03 dt.8.4.2010
For JMGS/MMGS-II For MMGS-III
a) DGM (Credit Audit) a) General Manager (P&D)
b) AGM (D&RB) b) DGM (Credit Audit) Payment of conveyance allowance to Blind & Ortho handicapped employees Rs.400/- p.m (Per/18 dt.31.8.09)
Mandatory Assignments for eligibility for promotion to higher grade (Per/23 dt.12.01.10)
2nd
Option for Pension (details) Per/23 dated 8th
September 2010
Monetary ceilings on reimbursement of expenses to those officers who maintain vehicles and claim
expenses on certificate basis (i.e. category-2): (Too be revised shortly)
Category of officers Area I
Rs. p.m.
Area II
Rs. p.m.
Other centers
Rs. p.m
SMGS IV & V Existing limit
Proposed limit
1770
2580
1560
2280
1360
1990
MMGS III Existing limit
Proposed limit
1770
2580
1560
2280
1360
1990
MMGS II Existing limit
Proposed limit
1425
2080
1360
1990
1150
1680
JMGS I Existing limit
Proposed limit
980
1430
870
1270
770
1120
(B)OWNERS OF TWO WHEELERS
All categories of officers irrespective of grade
Existing limit
Proposed limit
980
1430
870
1270
770
1120
Officers not maintaining vehicles and using public transport and claiming reimbursement on certificate basis (i.e. category-3):
Category of Officers Rs. P.M.
Existing Proposed
SMGS IV & V 1160 1700
MMGS III & II 935 1370
JMGS I 710 1040
Updated 20.12.2011
Compiled by: “Chaman Singla”
98766-06391 Email : [email protected]