The Indian Banks’ Association (IBA) on November 11 said it has signed a bipartite settlement with bank unions agreeing a 15 per cent increase in pay slip for bank employees.
Stagnation Increment
In partial modification of Clause 5 of Bipartite Settlement dated 25th May 2015, both
clerical and subordinate staff (including permanent part-time employees on scale wages)
shall be eligible for nine stagnation increments w.e.f. 1st November 2017 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 nine stagnation
increments at the rate of Rs. 1990/- and Rs.1000/- 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.
Also Read : Bank Officers Stagnation Increment – 11th Bipartite Settlement
Provided further that a clerical / subordinate staff (including permanent part-time
employees on scale wages) already in receipt of eight stagnation increments shall be
eligible for the ninth stagnation increment from 1st November, 2017 or two years after
receiving the eighth stagnation increment, whichever is later.
Provided further that the Stagnation increment/s received by the employees who are/were in service of the banks as on 1st November, 2017 as per periodicity hereinbefore would be
readjusted from the date of reaching their maximum by also considering the
Graduation/JAIIB/CAIIB Qualifications acquired thereafter, if any and employee shall be
notionally eligible for stagnation increments w.e.f. 1.11.2017 in terms of this settlement as
per the revised periodicity which will qualify for superannuation benefits. However,
monetary benefit on account of such revised and readjusted stagnation increment/s shall be payable from 1st November, 2020 or the actual date of entitlement whichever is later
See Also : 11th Bipartite Settlement for Bank Employees and Officers – IBA Report 11.11.2020
I have joined in as scale 1 officer in 2013
Is there any stagnation increment for me .please give me a reply
I joined a rrb on 02.05.1988 as an officer Scale1. Promoted to scale II on
26.08.1999, to Scale III on 17.09.2009. My basic pay in Scale Ii was Rs 22280/ wef 01. May 2009. Kindly let me know my pay fitment on promotion that I was entitled as on 17.09.2009.
..
मैं 31/05/2018 को बैंक सेवा से रिटायर हुवा ।
मैं 01/11/ 2017 को बैंक सेवा में था ।
मुझे 8 वां स्टेगनेशन जुलाई 2017 में मिला ।
अब मेरा प्रश्न है कि मुझे 11वें बीपीएस के तहत 9वां स्टेगनेशन का फानेनशियल बेनिफिट नवं 2020 से मिलेगा कि नहीं?????
Dear Sir,
As per my best of knowledge, as per Joint note dated 11 Nov 2020, you are entitled for total six stagnation till May 2020. Your stagnation will be readjusted from the date of reaching on maximum scale i,e May 2008 after a gap of two years. (I stagnation – May 2010, II Stagnation – May 2012, III Stagnation – May 2014, IV Stagnation – May 2016 ( I to IV stagnation @ Rs. 2220/-) V Stagnation – May 2018 and VI Stagnation – May 2020 (V and VI Stagnation @ Rs. 2500/-). In this connection, please refer Para (c) and (e) clause 2 of said Joint note. Monetary benefit from 01 Nov 2017 or actual date of entitlement which ever is later.
I am working in scale 3 and reached on maximum scale salary on may 2008 and afterward I received Stagnation increments First Stagnation increments received in may 2011 and second Stagnation increments in may 2014.
And third in may 2017 and fourth in may 2019.
Now as per 11th Bps Stagnation increments will be readjusted with a span of two years. Now how much Stagnation increments will be readjusted to me. I am going to retire on 31/12/2020.