11th Bipartite Settlement on 11-11-2020: HRA and TA for Bank Employees with effect from 1st November 2017

11th Bipartite Settlement on 11-11-2020: HRA and TA for Bank Employees with effect from 1st November 2017

House Rent Allowance payable to subordinate and clerical staff:

In substitution of Clause 9 of the Bipartite Settlement dated 25th May 2015 with effect from 1st November 2017, the House Rent Allowance payable to subordinate and clerical staff shall be as under:-

Area: At all centres
Rate as percentage of ‘Pay’ [No Minimum/ No Maximum]: 10.25 %

Note:

(1) ‘Pay’ means as defined in Clause 6 of the Settlement herein above
(2) Where quarters are provided, HRA shall not be payable and the rent to be recovered shall be 0.2 % of the first stage of the Scales of Pay.
(3) All other existing provisions relating to House Rent Allowance shall remain unchanged.

Provided further that when a workman employee is transferred out of the station other than on account of request, he/she may, in lieu of HRA as above, claim reimbursement of house rent upto 150% of HRA otherwise payable and subject to production of rent receipt.

9. Special Allowance

In modification of Clause 9 of the Bipartite Settlement on 11-11-2020: HRA and TA for Bank Employees with effect from 1st November 2017 Settlement dated 25.05.2015, with effect from 1.11.2017, workmen employees shall be paid Special Allowance as under:

• 16.40 % of the Basic pay with applicable DA thereon.

Note:

The Special Allowance with applicable DA thereon shall not be reckoned for superannuation benefits viz., pension including contribution to NPS, PF & Gratuity.

10. Transport Allowance

In partial modification of Clause 10 of the Bipartite Settlement dated 25th May 2015, with effect from 1st November, 2017, Transport Allowance shall be paid as under;

All Clerical and Subordinate Staff – Rs. 600 per month with applicable DA thereon

Note :

(i) The Transport Allowance with applicable DA thereon shall not be reckoned for superannuation benefits viz., pension including contribution to NPS, PF & Gratuity.
(ii) This provision by itself will not preclude the payment of any existing allowance of this nature paid as a result of Government guidelines/bank level settlements.

Hill and Fuel Allowance to Bank Employees w.e.f. 1st
November 2017

In partial modification of Clause 12 of the Bipartite Settlement dated 25th May 2015, the Hill and Fuel Allowance shall be payable at the following rates with effect from 1st November 2017:

(a) At places situated at a height of 3000 meters and above – 8% of pay (Max. Rs.2250/-p.m.)

(b) At places situated at a height of and over 1500 meters but below 3000 meters – 4% of pay (Max. Rs.900/-p.m.)

(c) At places situated at a height of over 1000 meters but less than 1500 meters and Mercara Town – 3 % of pay (Max. Rs. 750/-p.m.)

Note:

• All other existing provisions shall remain unchanged.
• SBI may revise the ceiling amounts.

Payment of Overtime Allowance:

The overtime allowance paid to the employees for the overtime work performed before the date of this settlement shall not be recalculated on account of this Settlement.

For 11th BPS Click: Final BPS 10-11-2020

For 8th Joint Note Click: Joint Note For Officers

For Salient Features of 11th BPS Click: Salient Features of 11th BPS on 11-11-2020