Canara Bank Implemented the 11th BPS Salary, Issued Circulars

11th BPS Revised Salary Implementation – Public Sector Canara Bank has implemented the circular for revised salary as per the joint note of 11th BPS which will be payable since 1st Nov 2017. The detailed guidelines including encashment of the newly introduced PL is also incorporated and made functional. Check out the detailed salary structure of Workmen/Sub ordinate staff in Canara Bank as per 11th BPS.

Scale of PAY :

In modification of Clause 4 of Bipartite Settlement dated 25th May 2015, with effect from 1st November, 2017 the scales of pay shall be as under:-

IMPORTANT:
(a) Fitment in the new scales of pay shall be on a stage-to-stage basis.

(b) There shall be no change in the dates of annual increments because of the fitment.

(c) In the case of Ex-servicemen category employees who have joined the Banks on and after 1st November, 2017 up to the date of settlement dated 11.11.2020, the fixation/ fitment in the pay scales already given/ eligible to be given under the Settlement dated 25th May, 2015 shall be refixed as per the provisions of the settlement dated 11.11.2020.

(c) All employees of sub- ordinate cadre shall be eligible for one extra increment for passing JAIIB and two increments for passing CAIIB examination w.e.f 01.11.2017.

Dearness Allowance

Clerical and Subordinate Staff 0.07% of ‘pay’ per slab of four points.

Important to Note:

Dearness Allowance in the above manner shall be paid for every rise or fall of 4 points over 6352 points in the quarterly average of the All India Average Working.

Class Consumer Price Index (General) Base 1960=100.

(a) It is clarified that there shall be no ceiling on Dearness Allowance.

(b) Dearness Allowance shall be calculated and paid on the following components:

Basic Pay including stagnation increments
Special Pay
Graduation Pay/Professional Qualification Pay
Special Allowance
Transport Allowance and
Officiating Pay

if any, payable under settlement dated 11.11.2020 in respect of both clerical and subordinate staff.

House Rent Allowance:

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 sub ordinate and clerical staff shall be as under:

At all center’s : 10.25%

Special Allowance:

In modification of clause 9 of the Bipartite 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.

TRANSPORT ALLOWANCE:

Rs.600/- per month with applicable DA thereon

IMPORTANT NOTES :

(i) The transport allowance with applicable DA thereon shall not be reckoned for superannuation benefits viz. pension including contribution to NPS, PF and 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 & Fuel Allowance:

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:

At places situated at a height of 3000 meters and above – 8% of pay (Max. Rs.2250/-p.m.)
At places situated at a height of and over 1500 metres, but below 3000 metres – 4% of pay (Max. Rs.900/-p.m.)
At places situated at a height of over 1000 metres but less than 1500 metres and Mercara Town – 3% of pay (Max. Rs.750/-p.m.)

Fixed Personal Pay :

Only employees who were in the service of the bank on or before 1st November 1993 will be eligible for FPP, one year after reaching the
maximum scale of pay, they are placed in. Those who joined the Bank on or after 02nd November, 1993 are not eligible for FPP.

New Pension Scheme

In partial modification of Clause 15(d) of Bipartite Settlement dated 27th April 2010, in case of all employees who have joined the bank on and from 1st April,2010 and who are governed and covered by the New Pension Scheme/Defined Contributory Pension Scheme, while the employee will continue to contribute 10% of Pay plus Dearness Allowance, the Bank will make a contribution of 14% of Pay and Dearness Allowance from the date of Settlement dated 11.11.2020 subject to approval of Government.

Medical AID

In partial modification of Clause 17 of the Bipartite Settlement dated 25th May 2015, w.e.f. 1st November 2017, the Reimbursement of Medical Expenses under Medical Aid Scheme shall be restricted to an amount of Rs.2355/- per annum.

For the calendar year 2017, the reimbursement of medical expenses under the medical aid scheme shall be enhanced proportionately for two months i.e. November and December 2017.

Leave fare Concession

In partial modification of Paragraph 19 of Bipartite Settlement dated 25th May, 2015 w.e.f. settlement dated 11.11.2020, Leave Fare concession
payable will be the actual return railway fare or steamer fare incurred by the Workman and members of his family subject to the following:

a. For availment of leave fare concession under a 2 year block for visit to any place within India, the maximum permissible distance shall be
2600 kms.(one way) for the subordinate staff and 2200 kms (one way) for non- subordinate staff.

b. For availment of leave fare concession under a 4 year block for visit to any place in India, the maximum permissible distance shall be 5200
kms (one way) for subordinate staffs and 4400 kms (one way) for non subordinate staff.

In partial modification of clause 19 of Bipartite Settlement dated 25th May, 2015, the class of fare to which the workman and the members of his family would be entitled, shall be as follows:

Subordinate Staff:

AC III Tier for the journey by mail/express train. By steamer – II Class Cabin.

Also Read – 11th BPS Arrears Calculator

Non-Subordinate Staff:

AC II Tier for the journey by mail/express train. By steamer – I Class Cabin.

Note: The above entitlement shall also be applicable for travel on duty. Provided however in the case of non-subordinate staff, they will be
reimbursed the fare for travel by Rajdhani/Shatabdi Trains if the travel has been actually undertaken by such trains.

Note: GST Charges levied on Train fare shall be over and above the entitlement. In view of prevailing dynamic fare system, the cost of train
tickets charged on the date of booking will be reimbursed.

Compensation on Transfer

In supersession of Clause 21 of Bipartite Settlement dated 25th May 2015, with effect from 01/11/2020, compensation on transfer, shall be as under:-

An employee on transfer shall be paid the cost actually incurred for transporting his personal effects, as under:

By Road: An employee on transfer from one station to another can transport his/her personal effects by rail/road upto the stipulated weights by an IBA approved Transport Operator.

COMPENSATION FOR LOSSES DUE TO BREAKAGE OR DAMAGE TO GOODS ON TRANSFER:

In modification of Clause 22 of Bipartite Settlement dated 25th May 2015, with effect from the 01/11/2020, compensation on transfer, shall be as under:-

Where an employee produces receipts or a statement of loss in respect of breakages subject to a maximum of:

Clerical Staff : Rs.1,650/-
Subordinate Staff : Rs.1,100/-

b. Where no receipts/statement of loss are produced, a lumpsum payment of:

Clerical Staff : Rs. 1,100/-
Subordinate Staff : Rs. 825/-

Halting Allowance

In modification of Clause 23 of the Bipartite Settlement dated 25th May, 2015, with effect from 01/11/2020, halting allowance shall be payable at the following rates for the days spent on duty outside the headquarters:

An employee can also claim lodging expenses reimbursed by production of Hotel Rent Receipts subject to ceilings prescribed hereunder:

Clerical Staff : Rs.2500/- per day Rs.2000/- per day Rs.1500/- per day
Subordinate: Rs.1250/- per day Rs.1000/- per day Rs.750/- per day

Washing Allowance

Washing allowance shall be payable at Rs.200/- p.m., where the washing of livery is not arranged by the bank.

Cycle Allowance

Cycle allowance is payable to the members of the subordinate staff who are required to use a cycle on regular assignment for outdoor
duties at Rs.150/-p.m. at all centers. Cycle allowance would not be paid to workman member of the subordinate staff
entitled to the allowance for the period of leave where such leave exceeds 30 days.

Split Duty Allowance

Split Duty Allowance shall be payable at all centers at Rs.200/-p.m.

Expenses on Road Travel -Reimbursement

where an employee has to travel on duty / LFC between two places, he shall be reimbursed actual road mileage cost or at Rs.8/- per k.m.,
whichever is less.

Privilege leave

Privilege Leave other than for the purpose of availing the Leave fare Concession should be applied not less than 10 days before the proposed date of commencement of such leave.

Privilege Leave taken on sick grounds when there is no credit in the sick leave account of the employee, will not be counted as an occasion of availing Privilege Leave.

Privilege Leave accruing to an employee shall be allowed to be accumulated beyond 240 days up to a maximum of 270 days. However, encashment of Privilege Leave shall be restricted up to a maximum of 240 days.

Annual Encashment of Privilege leave

From the calendar year 2020, privilege leave encashment shall be permitted at the rate of 5 days for each calendar year at the time of any festival of the employee’s choice. Employees who have completed 55 years of age and above, shall be entitled to encash at the rate 7 days for each calendar year in addition to the existing provisions.

Performance Linked Incentive Scheme

A Performance Linked Incentive Scheme is introduced which will be based on operating profit/net profit of the Bank. The PLI shall be payable to all employees annually over and above the normal salary payable. The PLI will be applicable from FY 2020-21.

The PLI matrix shall decide the amount payable to the employees (number of days of pay = Basic + DA) depending on the annual performance of the Bank. All the employees shall get the minimum number of days of pay as incentive depending on where in the matrix the Banks performance fits in, broadly as per matrix as under:

11th BPS Complete Chart – Implementation

The various provisions of 11th Bipartite Settlement dated 11.11.2020 shall take effect from the dates specified hereunder, unless provided to the contrary and the financial benefits emanating there from shall be given effect to within a period of 90 days from the date of Settlement dated 11.11.2020.

Canara Bank Implemented the 11th BPS Salary, Issued Circulars

Scale of PAY :