Bank of Baroda: Salary & Allowances
On and from 1st November 2007 FPP together with HRA shall be at the following rates and shall remain frozen for the entire period of service.
D.A. As on 01.11.2007
Total FPP payable where bank’s accommodation is provided
Note: (i) FPP as indicated in “C” above shall be payable to those officer employees who are provided with bank’s accommodation.
(ii) FPP for officers eligible for HRA shall be “A” + “B” plus HRA payable on the last increment of the relevant scale of pay..
(iii) The increment component of FPP shall rank for superannuation benefits.
(A) Officers shall be eligible for professional qualification pay as under :
(i) Those who have passed only CAIIB – Part I / 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
(B) An officer employee acquiring JAIIB/CAIIB (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 or PQP and the release of subsequent installments of PQP shall be with reference to the date of release of first installment of PQP.
Provided further that in a case where an officer, as on the date of this Joint Note, has already acquired any of the above said qualifications and has not earned any
Increment or PQP on account of acquiring such qualification/s, he may be, with effect from 1st November,2007 or the date of acquiring such qualification/s, which ever is later , released PQP as provided herein above.
Mid Academic year transfer allowance
W.e.f 01.05.2010 it is payable @ Rs.700/- per month subject to other conditions.
On and from 1st May 2010, Deputation Allowance shall be at the following rates :
A) An officer deputed to serve outside the bank – 7.75% of pay with a maximum of Rs2300/- p.m.
B) An officer deputed to an organization at the same place or to the training establishment of the bank – 4% of Pay with a maximum of Rs 1200/- p.m.
Hill and Fuel Allowance
Place with an altitude of 1000 meters and above but less than 1500 meters and Mercara Town
2% of Pay subject to a maximum of Rs 550/- p.m.
Place with an altitude of 1500 meters and above but less than 3000 meters
2.5% of Pay subject to a maximum of Rs 680/- p.m.
Places with an altitude of 3000 meters and above
5% of Pay subject of a maximum o Rs 1570/- p.m.
Special Area Allowance
At places where special area allowance is payable in terms of regulation 23(ii) of Officers’ Service Regulations, 1979/1982, the said allowance shall be payable at rates as specified in BCC:BR:102/147 dated 26.05.2010.
Project Area Allowance
Project Area Compensatory Allowance shall be payable at the following rates:
- Project Areas falling in Group A – Rs 290/- p.m.
- Project Areas falling in Group B – Rs 255/- p.m.