BANK STAFFS ALLOWANCE



DEARNESS ALLOWANCE
 shall be payable at 0.15% for every rise o fall of 4 points over 2836 points, with no ceiling AND shall be calculated and paid on Basic Pay, Special Pay, Graduation Pay, Professional Qualification Pay and Officiating Pay, if any, payable under this settlement in respect of both clerical and subordinate staff.
NO CITY COMPENSATORY ALLOWANCE shall be payable W.E.F. 01.11.2007
HOUSE RENT ALLOWANCE payable as under:
AREA
Rate as percentage of pay
No minimum/Maximum
1.
Places with Population of over 45 lacs
10.00
2.
Places with population of 12 lacs and above including State of Goa
9.00
3.
Places with population of 5 lacs and over (other than places in 1&2 above) and State Capitals and Capitals of Union Territories
7.50
4.
Places with population below 5 lacs not covered in 1, 2 & 3 above
7.00
Note: Where quarters are provided, HRA shall not be payable and the rent to be recovered shall be 0.5% of the first stage of the Scales of Pay
TRANSPORT ALLOWANCE
 W.E.F. 01.11.2007 shall be paid @ Rs.225 per month up to 15th Stage of the scale of Pay and @ Rs.275 per month from 16th stage of scale of pay onwards.
Note: (1) All permanent part time employees including those on probation drawing scale wages shall be paid transport allowance on prorate basis at Rs.225 per month up to 15 years of service and at Rs.275 per month above 15 years of service. (2) 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.