An important point to note
Of and on it comes for discussions while salary of Central Govt employees gets revised at 10 years interval, Bank employees’ salary is being revised at 5 years interval. Let us analyse, as under, that despite salary revision at 5 years interval how salary of Bank officers is lagging behind during last 23 years duration in comparison to salary of Central Govt Officers Group- A at entry level onwards. Please also note that 7th Pay Commission has recommended that without waiting for next pay commission the salary should be revised based on the material given by Simla based Labour Bureau.
Central Govt. Officer Group A
Grad e Pay
388 (Salary of Bank officers was higher by 9.63% )
(Salary of Bank officers was lower by 27.53% )
(Salary of Bank officers was lower by 57.13% )
From the above table it is evident as under:
- From 11.1992 to 01.01.2016 the salary of Central Govt Group A officers has been increased by 1293.44% (56100–4026=52074/4026 X 100) at entry level.
- From 11.1992 to 01.01.2016 the salary of Bank officers has been increased by 708.81% (35701—4414=31287/4414 X 100) at entry level.
Moreover the 7th Pay Commission has recommended that there is no need for a commission once in 10 years. It has recommended that based on the Labour Bureau reports the increase can be done periodically.
Salary in Reserve Bank of India
- In case of RBI officers, the starting basic pay which was Rs 17100 has been increased to Rs 28150 and at entry They also get a local allowance of 5% of pay, family allowance of 4% of Pay, Grade allowance of Rs.6000 and a special allowance of Rs.6000(Rs 1625 for those who joined in 2016) which is eligible for DA. So their salary structure is much superior to other bank officers.
Source : banknewskumar.blogspot.in