Comparative Salaries of Bankers vs Central Gov...

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Xth BPS : An Eye Opener for UFBU Negotiators - Comparative Salaries of Bankers vs Central Government Employees
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V Subramanian

We are publishing below some comparative charts on the eve of forthcoming negotiations between UFBU and IBA which are
reported to be held on 12th August, 2013. Union leaders are shy to discuss such charts as these tables expose the capabilities
of such leaders to get an honourable settlement for the bankers. These charts have not been prepared by me but are sent to
us by one of readers (V Subramanian) who has time and again taken keen interest in putting the truthful facts before the
bankers. We give below two charts for perusal by bankers and for drawing their own conclusions :-

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MONTHLY SALARY OF CENTRAL GOVERNMENT STAFF AND BANK STAFF

(OTHER THAN OFFICERS) AS ON 01-08-2013 A COMPARISON
Various Components
of Monthly Pay

Central Govt. Staff

(in Pay Band 1)

Central Govt.
Clerical staff
Staff
in Banks
(in Pay Band 2)
5,850
8,700
7,200

Sub-staff in
Banks

Basic Pay

4,860

Grade Pay

1,800

NIL

4,200

NIL

NIL

340

NIL

500

6,660

6,190

12,900

7,700

5,994
(@90%)
1,998
(@30%)

5,506
(@88.95%)
619
(@10%)

11,610

6,849

3,870

770

NIL

NIL

NIL

NIL

2,500

500

2,500

500

1,140
(600+90% DA)
NIL

225

225

500

3,040
(1,600+90% DA)
NIL

NIL

100

NIL

100

18,292

13,640

33,920

16,644

Special Pay (at

the
minimum for bank staff)
Total
Dearness Allowance
H.R.A.
C.C.A.
Education Allowance
(maximum for 2 children)
Transport Allowance
Staff Welfare/Provisions
Newspaper
Gross Monthly salary

500

Note:
1. As regards Education Allowance, Staff Welfare/Maintenance Expenses and Newspaper subscription paid to bank staff, the average prevailing at the industry
level has been taken into account, to have a fair and reasonable comparison.
2. In some banks, cost of 15 litres of petrol is reimbursed as Conveyance Allowance to award staff, besides the above. At the present prices, this will be
Rs.1,100 extra.
3. If we compare the limited working hours a day and 5 day week for the central government staff, bank staff need to be paid additional amount of compensation
for the extra hours worked (15% more than the central government staff).
4. The volume and varieties of work handled by a bank staff are beyond comparison.
5. If someone moots the topic of concessional loans for bank staff, ask them to consider these points so far as the bank employees are concerned:
(a) There is no tax liability on the perquisites paid to the government staff.
(b) Number of transfers of a government staff is far less compared to his counterpart in a bank.
(c) If the amount of risks and responsibilities is any criterion, the bank employees (other than officers) must be paid not less than 150% of the salaries
paid to the central government staff.
(d) Central government staff enjoy stagnation-free running scale, throughout their career.
(e) Whenever the pay scales of central government staff are revised, their pension also undergoes automatic revision, for all types of pensioners.
6. If we look at the statistics given above, clerical staff working in banks are the worst affected.

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In fact, a clerk in Central Government service earns a monthly salary of Rs.33,920, whereas the monthly salary of JMGS I officers in a bank is Rs.32,471
(both at the beginning of the scale). This is the mother of all injustice.

MONTHLY SALARY OF CENTRAL GOVERNMENT OFFICERS AND BANK OFFICERS

AS ON 01-08-2013
A COMPARISON

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Various Components
of Monthly Pay

Central
Government
Officers (in Pay
Band 3
Stage I)

Bank Officers
in JMGS I

Central
Government
Officers (in Pay
Band 3
Stage II)

Bank Officers
in MMGS II

Central
Government
Officers (in Pay
Band 3
Stage III)

Bank Officers
in MMGS III

Basic Pay

15,600

14,500

18,930

19,400

21,900

Grade Pay

5,400

NIL

6,600

NIL

7,600

NIL

21,000

14,500

25,530

19,400

29,500

25,700

18,900
(@90%)
6,300
(@30%)

12,898
(@88.95%)
1,233
(@8.5%)

22,977

17,256

26,550

22,860

7,659

1,649

8,850

2,185

NIL

540

NIL

540

NIL

540

600

2,500

1,000

3,000
6,080
(40 litres of (3,200+90% DA)
petrol)

3,750
(50 litres of
petrol)

Total of Basic + Grade Pay

Dearness Allowance
H.R.A.
C.C.A.
(Maximum@4%
for
bank
officers)
Education Allowance (maximum
for 2 children)
Transport Allowance / Monthly
Conveyance
Staff Welfare
Staff Entertainment
(pro rata)
Gross Monthly salary

Expenses

2,500

25,700

NIL

2,500

2,200
(30 litres of petrol)

6,080
(3,200+90% DA)

NIL

500

NIL

500

NIL

500

NIL

300

NIL

400

NIL

500

54,780

32,171

64,746

43,345

73,480

57,035

6,080
(3,200+90% DA)

Note:
1. As regards Education Allowance, Monthly Conveyance, Staff Welfare and Staff Entertainment Expenses, the average prevailing at the industry level has been
taken into account, to have a fair and reasonable comparison.
2. If we compare the limited working hours a day and 5 day week for the central government officers, bank officers need to be paid additional amount of
compensation for the extra hours worked (33% to 40% more than the central government officers).
3. The volume and varieties of work handled by a bank officer are just beyond comparison.
4. If someone moots the topic of concessional loans for bank staff, ask them to consider these points so far as the bank officers are concerned:
(a) There are no tax in the perquisites paid to the government staff.
(b) Number of transfers of a government officer is far less compared to his counterpart in a bank. Moreover, the geographical region for the purpose
of bank officers transfer is very wide and far away from his linguistic region too.
(c) If the amount of risks and responsibilities is any criterion, the bank officers must be paid not less than 200% of the salaries paid to the central
government officers.
(d) Last but not the least, the respect with which a bank officer is treated today is any yardstick, no amount of money can compensate this injustice.

You can give your feedback / comments about this Article. Please give only relevant comments as irrelevant comments are waste of time for yourself
and our other readers.

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hbhatelia

6 months ago

When I joined the bank in 1980 as a Clerk, the Gross Salary of a Central Govt Employee was Rs.400 whereas my Gross Salary
was Rs.600 i.e. 1.5 times that of a central govt employee (overtime extra). On this yardstick, a new clerical entrant in banks must
get Rs.51000 (33920 say 34000*1.5). In fact, the rise on percentage terms on the base should be much more. This is again after
ignoring the ensuing pay commission. If the given chart in the article is correct, this is the alarming fact.
Reply Share

MANU

a year ago

IAS ,IPS, IRS, IRAS........ ALL CIVIL SERVICE GRADE A, GAZETTED OFFICER, EMPLOYEE HAS TO PASS EXAM OF 2300
MARKS TO GET SELECTED AND THEN THEY GET 5400 GRADE PAY ...... & ABOVE DEPENDING UPON SENIORITY.
(REFER UPSC )
CG EMPLOYEE WITH 4200 & ABOVE ARE REQUIRED TO PASS EXAM OF 700 MARKS (REFER SSC CGL)
CG EMPLOYEE WITH 2400 & 2800 ARE REQUIRED TO PASS EXAM OF 600 MARKS (REFER SSC CGL)
CG EMPLOYEE WITH GRADE PAY 1900 & 2000 ARE REQUIRED TO PASS EXAM OF 200 MARKS + TYPING TEST (REFER
SSC CHSL)
WHEREAS
BANK PO HAS TO PASS IBPS BANK PO EXAM 200 MARKS + INTERVIEW NOW, PREVIOUSLY 300 MARKS (REFER IBPS)
BANK CLERK HAS TO PASS IBPS BANK CLERK EXAM OF 200 MARKS + INTERVIEW
DO YOU THINK U ARE GOOD AND SMART ENOUGH TO COMPARE YOURSELF WITH 5400 GRADE PAY , DONT U FEEL
SHAME IN COMPARING
THINK TWICE , THRICE WITH COOL MIND & DEFINITELY U WILL UNDER STAND THE DIFFERENCE BETWEEN BANK PO
& GRADE I OFFICERS, BANK PO & CG EMPLOYEE WITH 4200 , 4600 & 4800.
Reply Share

sec > MANU

a year ago

Why the civil service officers of state level are paid less than central level officers(IAS, IPS...etc)????....as far as I know
state level civil service officers also go through more or less the same exam pattern compared to the UPSC ICS exam....
If according to you entrance exam is the only parameter for the salary of a job then please clarify the above issue with your
SMART point of view....
Reply Share

sec > MANU

a year ago

Have you ever attended a bank PO exam??

Reply Share

MANU

a year ago

please compare bank clerk with grade pay 1900 and JMGS1 with 4200 Grade Pay you people will definitely have no problem then
1

Reply Share

pannvalan

a year ago

Yesterday, a Railway employee met me at my office. He wanted enhancement of his credit card limit. When I wanted to see his
latest payslip, he showed it. I was literally stunned.
He is a motorman (Loco Pilot) in Local (Suburban) Train network of Railways. He has passed only an ITI course in Mechanical

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Thursday 02 April 2015 04:56 PM