Central Bank of India Officers Service Amendment Regulations 2017
CENTRAL BANK OF INDIA
(CENTRAL OFFICE)
NOTIFICATION
Mumbai, the 27th June, 2017
No.CO:HRD:IRP:2017-18:116 -In exercise of the powers conferred by section 19, read with sub-section (2) of section 12 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), the Board of Directors of the Central Bank of India in consultation with the Reserve Bank of India and with the previous sanction of the Central Government, hereby makes the following regulations further to amend the Central Bank Of India (Officers’) Service Regulations, 1979, namely:-
1. (1) These regulations may be called the Central Bank Of India (Officers’) Service (Amendment) Regulations, 2017.
(2) They shall be deemed to have come into force with effect from the 1st day of November, 2007, except as otherwise provided in these regulations.
2. In the Central Bank Of India (Officers’) Service Regulations, 1979 (hereinafter referred to as the said regulations), in regulation 3,-
(i) for clause (f), the following clause shall be substituted, namely:- ‘(f) “family” means the spouse of the officer, wholly dependent unmarried children (including step children and legally adopted children), physically challenged brother or sister with forty per cent, or more disability and parents ordinarily residing with and wholly dependent on the officer’.
Explanation.- For the purposes of this clause a child or parent or physically challenged brother or sister shall be deemed to be dependent on the officer if the monthly income of such child, parent, brother or sister does not exceed Rs.3,500 per month.
Provided that if the income of one of the parents exceeds Rs.3,500 per month or the aggregate income of both the parents exceeds Rs.3,500 per month, both the parents shall not be considered as wholly dependent on the officer.’
(ii) Clause (o) shall be omitted.
3. In regulation 4 of the said regulations,- (i) sub-regulation (4A) shall be omitted; (ii) after sub-regulation (4A) as so omitted, the following sub-regulations shall be inserted, namely:-
“(5) With effect from the 1st November, 2007, the scales of pay specified against each grade shall be as under :
(a) Top Executive Grade Scale VII = Rs.46800 – 1300/4 – 52000
Scale VI = Rs.42000 – 1200/4 – 46800
(b) Senior Management Grade
Scale V = Rs.36200 – 1000/2 – 38200 – 1100/2 – 40400
Scale IV = Rs.30600 – 900/4 – 34200– 1000/2 – 36200
(c) Middle Management Grade
Scale III = Rs.25700 – 800/5-– 29700 – 900/2 – 31500
Scale II = Rs.19400 – 700/1 – 20100 -800/10 – 28100
(d) Junior Management Grade
Scale I = Rs.14500-600/7- 18700-700/2- 20100- 800/7-25700.
Explanation.-Every officer who is governed by the scales of pay in force as on the 31st October, 2007 shall be fitted in the scale of pay set out in this sub-regulation as on 1st November, 2007 on stage to stage basis, i.e. on corresponding stages from first stage onwards in the respective scales and the increments shall fall on the anniversary date as usual except where provided otherwise.
(6) Nothing in sub-regulations (1), (2), (3), (4) and (5) shall be construed as requiring the Bank to have at all times, officers serving in all these grades.”.
4. In regulation 5 of the said regulations, –
(a) for sub-regulation (1), the following sub-regulation, shall be substituted, namely: –
“(1) Subject to the provisions of sub-regulation (5) of regulation 4, on and from the 1st November, 2007, the increments shall be granted subject to the following, namely: –
(a) the increments specified in the scales of pay set out in sub-regulation (5) of regulation 4 shall, subject to the sanction of the Competent Authority, accrue on an annual basis and shall be granted on the first day of the month in which these fall due;
(b) officers in Junior Management Grade Scale I who have moved to scale of pay for Middle Management Grade Scale II 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 1st November, 2007 shall get the third stagnation increment on 1st November, 2007 and another stagnation increment on or after the 1st November, 2008 on their completion of six years after receipt of second stagnation increment;
(c) officers in Middle Management Grade Scale II who have moved to scale of pay for Middle Management Grade Scale III 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 the 1st November, 2007 shall get the next stagnation increment with effect from the 1st November, 2007 and a subsequent stagnation increment on or after the 1st November, 2008 on their completion of six years after receipt of the first stagnation increment:
Provided further the officers appointed to or promoted in substantive Middle Management Grade Scale III, shall be eligible for four stagnation increments of Rs.900 each for every three completed years of service or :
Provided also that the officers who have already received two stagnation increments and completed more than three years of service after receipt of second stagnation increment as on the 1st November, 2007 shall get the third stagnation increment on the 1st November, 2007 and the fourth stagnation increment, on or after the 1st November, 2008 on completion of six years after receipt of second stagnation increment.
Explanation.- Grant of such increments in the next higher scale under this sub-regulation shall not amount to promotion and the privileges, perquisites, duties and responsibilities of the officers shall continue as of their substantive posts.
(b) in sub-regulation (2),-
(i) in the Explanation, after clause (e) and before the Note, the following clause shall be inserted, namely:-
“(f) on and from the 1st day of November, 2007, other things being equal, the quantum of Professional Qualification Pay shall stand revised as under:-
TABLE
| Those who have passed Junior Associate of Indian Institute of Bankers or Certified Associate of Indian Institute of Bankers | (i) Rs.410 per month one year after reaching maximum of the Scale. |
| Those who have passed both parts of Certified Associate of Indian Institute of Bankers | (i) Rs.410 per month after one year on reaching maximum of the Scale. (ii) Rs.1030 per month after two years on reaching maximum of the Scale; |
Provided that an Officer acquiring Junior Associate of Indian Institute of Bankers or Certified Associate of Indian Institute of Bankers (either or both parts) qualifications after reaching the maximum of the scale of pay, shall be granted from the date of acquiring such qualification the first installment of Professional Qualification Pay and the release of subsequent installments of Professional Qualification Pay shall be with reference to the date of release of first installment of Professional Qualification Pay:
Provided further that in a case where an officer, has already acquired any of the above qualifications and has not earned any increment or Professional Qualification Pay on account of acquiring such qualification, he may be granted the Professional Qualification Pay, with effect from the 1st November 2007 or the date of acquiring such qualification/s, whichever is later.”;
(ii) in the Note, for clause (v), the following clause shall be substituted, namely:-
“(v) if an officer, as on the 27thApril 2010 has already acquired any of the said qualifications referred to in clause (iv) and has not earned any increment or Professional Qualification Pay on account of acquiring such qualification, he shall be granted the Professional Qualification Pay, with effect from the 1st day of November, 2007 or the date of acquiring such qualification, whichever is later.”;
(c) in sub-regulation (3),-
(i) after clause (d) and before the Note, the following clause shall be inserted, namely:-
“(e) on and from the 1st November, 2007, other things being equal, Fixed Personal Pay together with House Rent Allowance shall be at the following rates and shall remain frozen for the entire period of service:-
TABLE
| Increment Component (Rs.) | Dearness Allowance as on 01.11.2007 on the increment components (Rs.) | Total Fixed Personal Pay payable where bank’s accommodation is provided (Rs.) |
| (A) | (B) | (C) |
| 800 | 58 | 858 |
| 900 | 65 | 965 |
| 1000 | 72 | 1072 |
| 1100 | 79 | 1179 |
| 1200 | 86 | 1286 |
| 1300 | 94 | 1394 |
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