11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017

In Our Earlier Posts, we have shared all the latest update about bank wage revision 2017. In this post we are going to share WHAT will be the pay scale of SBI PO, IBPS PO after 11th bipartite settlement expected pay scales Of IBPS PO Sbi PO 2017.

As We all know that the DFO (Department of Financial Services), MOF (Ministry of Finance) has been already communicating regarding 11th bipartite settlement. They have issued a notification to all the banks that are part of the process, advising them to complete the whole process well before the due date i.e. 1st November 2017.

Here we are sharing the complete demands of wage revision in the bank 2017.

Allowance
EXISTING
REVISED
D. A.
0.10% per slab on the pre-revised basic pay
0.07% per slab on the revised basic pay
H.R.A.
7%/ 8%/ 9% of the present basic pay depending on the population group
7% to 12% of the revised basic pay depending on the revised classification of the centres   (please see attachment for further details), without any ceiling
C.C.A.
3% for lower CCA centres and 4% for higher CCA centres with a maximum of Rs.600 and Rs.870 respectively.
5%  to 8% of the revised basic pay depending on the revised classification of the centres  (please see attachment for further details), without any ceiling
PQP – 1
Rs.670
Equal to one increment in the last stage of the scale
PQP – 2
Rs.1,680
Equal to 2 increments in the last stage of the scale
FPP
In case of FPP, the current FPP is protected and on promotion to the next higher grade/scale only, on reaching the maximum of the scale, FPP equivalent to the last increment in the scale is granted with DA thereon, basing on the index prevailing at the beginning of the settlement period (01-11-2012).
This will remain frozen till the settlement period ends.
FPP is proposed to be fixed at the amount equal to the previous increment drawn plus DA thereon, basing on the index prevailing at the beginning of the settlement period (01-11-2012). This way, the anomaly in FPP will vanish.
On reaching the maximum of the scale, FPP equal to one increment in the last stage of the revised scale plus DA (as on 01-11-2012) thereon is granted.  This will remain frozen till the settlement period ends.
Medical Aid
Up to MMGS III –          Rs.8,000
SMGS IV and above – Rs.9,050
Up to MMGS III          – Rs.12,000
SMGS IV and above – Rs.15,000
LFC – Home Town
Frequency – Once in the sub-block of 2 years, in the main block of every 4 years.  Effectively, it is once every 4 years only.  Distance – There is no restriction on the distance between the present place of work and the hometown.
If the distance between the place of work and the hometown is 500 KMs and above, home town LFC is permitted every year.
Otherwise, no hometown LFC is allowed.
LFC –Anywhere in India
Distance – Without restriction on the distance, any place in India can be reached by the shortest route and eligible mode of travel. But, the place of destination must be mentioned beforehand and such place must be touched, even if a roundabout journey is undertaken.(Reimbursement will however be restricted to the distance by the shortest railway route by the eligible class).
4500 KMs one way for officers up to MMGS III and 6000 KMs one way for SMGS IV and above(It is not compulsory to touch the intended destination). 
 
Circuitous journey is also allowed within the overall distance (both ways) of 9000 KMs/12000 KMs as the case may be. Within the overall eligibility, expenditure on travel to foreign countries may also be reimbursed, provided proper proof is submitted.
Halting Allowance
Up to MMGS III –
Rs.800/Rs.950/Rs.1,100/Rs.1,300
SMGS IV & SMGS V –
Rs.950/Rs.1,100/Rs.1,300/Rs.1,500
TEGS VI & TEGS VII –
Rs.950/Rs.1,100/Rs.1,300/Rs.1,800
Up to MMGS III –
Rs.1,000/Rs.1,200/Rs.1,400/Rs.1,600
SMGS IV & SMGS V –
Rs.1,200/Rs.1,400/Rs.1,600/Rs.1,800
TEGS VI & TEGS VII –
Rs.1,200/Rs.1,400/Rs.1,600/Rs.2,000
Split Duty Allowance
Rs.200 per month
Rs.400 per month.

This has been submitted to IBA from union aibea, aiboc and other unions under UFBU. After that, there is no any update. we are updating this post on daily basis as soon as we will get an update from unions, banks, iba, dfo, ministry of finance.

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