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 ₹1310/- each and next two ₹ 1460/- each.
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 ₹1460 /- each for every three completed years
of service and a fourth stagnation increment of ₹1460/- two years after receipt of
third stagnation increment.
Provided that officers who have completed two years or more after receipt of the
third stagnation increment will get the fourth stagnation increment with effect
from 1.5.2015.
c. 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 ₹1460/- each
for every three completed years of service and a fifth stagnation increment of
₹1460/- two years after receipt of fourth stagnation increment provided that the
officers who have completed two years after receipt of the fourth stagnation
increment will get the fifth stagnation increment w.e.f 1.5.2015.
d. Officers in SMGS-IV shall be eligible for one stagnation increment of ₹1650/-
three years after reaching the maximum of scale w.e.f. 1.5.2015.
Dearness Allowance
On and from 1.11.2012, Dearness Allowance shall be payable for every rise or fall of
four points over 4440 points in the quarterly average of the All India Average Working
Class Consumer Price Index (General) Base 1960=100 at 0.10% of Pay.
-----------------------------------------------------------------------------------
Explanation from APNA JOBS BLOGSPOT :
Stagnation increments are paid to the employees when he reaches maximum of higher scale ie if officer in Scale does not take promotion and gets annual increments he will in span of 16 years will reach the maximum scale of Scale II basic salary then he shall be eligible for stagnation increments for every Three completed years of service.
****
Dearness Allowance is paid to the bank employees on the basic salary to accommodate with increase in inflation the DA are revised every 3 months and 4 times a year the cycle of which is
Feb March April
May June July
August September October
November December January
In the latest Bankers bipartite wage revision effective from November 2012 there has been a new allowance added which is SPECIAL ALLOWANCE which is paid on the Basic salary in % terms and DA is paid on special allowance too.
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 ₹1310/- each and next two ₹ 1460/- each.
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 ₹1460 /- each for every three completed years
of service and a fourth stagnation increment of ₹1460/- two years after receipt of
third stagnation increment.
Provided that officers who have completed two years or more after receipt of the
third stagnation increment will get the fourth stagnation increment with effect
from 1.5.2015.
c. 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 ₹1460/- each
for every three completed years of service and a fifth stagnation increment of
₹1460/- two years after receipt of fourth stagnation increment provided that the
officers who have completed two years after receipt of the fourth stagnation
increment will get the fifth stagnation increment w.e.f 1.5.2015.
d. Officers in SMGS-IV shall be eligible for one stagnation increment of ₹1650/-
three years after reaching the maximum of scale w.e.f. 1.5.2015.
Dearness Allowance
On and from 1.11.2012, Dearness Allowance shall be payable for every rise or fall of
four points over 4440 points in the quarterly average of the All India Average Working
Class Consumer Price Index (General) Base 1960=100 at 0.10% of Pay.
-----------------------------------------------------------------------------------
Explanation from APNA JOBS BLOGSPOT :
Stagnation increments are paid to the employees when he reaches maximum of higher scale ie if officer in Scale does not take promotion and gets annual increments he will in span of 16 years will reach the maximum scale of Scale II basic salary then he shall be eligible for stagnation increments for every Three completed years of service.
****
Dearness Allowance is paid to the bank employees on the basic salary to accommodate with increase in inflation the DA are revised every 3 months and 4 times a year the cycle of which is
Feb March April
May June July
August September October
November December January
In the latest Bankers bipartite wage revision effective from November 2012 there has been a new allowance added which is SPECIAL ALLOWANCE which is paid on the Basic salary in % terms and DA is paid on special allowance too.
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