Allahabad Bank: Salary & Allowances – Part I
Professional Qualification Pay (PQP)
Officers shall be eligible for professional qualification pay as under :
i) Those who have passed only CAIIB – Part 1 /JAIIB –Rs 410 /- p.m. one year after reaching top of the scale.
ii) Those who have passed both parts of CAIIB –
a) Rs 410/- p.m. one year after reaching top of the scale.
b) Rs 1030/- p.m. two years after reaching top of the scale.
Hill and Fuel Allowance
Place | Rate | |
a) | Places with an altitude of 1000 metres and above but less than 1500 metres and Mercara Town | 2% of Pay subject to a maximum of `550/- p.m. |
b) | Places with an altitude of 1500 metres and above but less than 3000 metres | 2.5% of Pay subject to a maximum of `680/- p.m. |
c) | Places with an altitude of 3000 metres and above | 5% of Pay subject to a maximum of `1570/ p.m. |
Halting Allowance
Halting allowance is a payment made to an Officer in addition to other emoluments for any day during which he/she is away from headquarter on duty to cover the ordinary daily expenses incurred by him/her in consequence of such, of course, for official purpose. Officers are paid halting allowance as per the details given herein below:-
1 | 2 | ||
Grades/Scales of Officers | Major ‘A’ Class cities (Rs) | Area 1 (Rs) | Other Places (Rs) |
Officers in Scale IV and above | 1000 | 800 | 700 |
Officers in Scale I, II and III | 800 | 700 | 600 |
In the case of 4 Metro Centres viz. Mumbai, Delhi, Kolkata & Chennai, Halting allowance payable per diem to Officers in Scale IV and above shall be Rs.1200/- and for officers in scale I/II/III shall be Rs 1000/-. |
Lodging Expenses
An Officer is reimbursed the actual hotel expenses, restricted to single room accommodation charges in ITDC hotels of the corresponding star category. The details of entitlement as per the scales are given herein below :
Grade of Officers | Eligibility to stay in ITDC Hotels | Maximum Room Tariff Permissible | ||
Grade of Officers | Eligibility to stay in ITDC Hotels | Major ‘A’ Class cities | Area – I | Other Places |
Grade of Officers | Eligibility to stay in ITDC Hotels | Rs | Rs | Rs |
TEG, Scales- VI & VII | 4* Hotel | 6800.00 | 3400.00 | 3000.00 |
SMG, Scales- IV & V | 3* Hotel | 4000.00 | 2400.00 | 2000.00 |
MMG, Scales-II & III | 2* Hotel (Non- AC) | 2400.00 | 1600.00 | 1200.00 |
JMG, Scale – I | 1* Hotel (Non- AC) | 1600.00 | 1200.00 | 800.00 |
Major ‘A’ Class Cities Mumbai, Kolkata, Delhi, Chennai, Ahmedabad, Bangalore and Hyderabad.. In respect of Major ‘A’ class cities, Executives ie Scale IV and above may be reimbursed actual lodging expenses maximum to the extent of 125% of the applicable ceiling as mentioned above.
Area – I Centers Agra, Bhopal, Coimbatore, Indore, Jaipur, Kanpur, Kochi, Lucknow, Ludhiana, Madurai, Nagpur,Patna Pune, Surat, Vadodara, Varanasi and Visakapatnam.
It may be noted that when breakfast, lunch and dinner are provided by the Hotel free of cost/included in the room tariff, the officer would not be eligible for boarding expenses.
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