Compare Bank Staff Pay With Central Government Staff Pay

MONTHLY SALARY OF CENTRAL GOVERNMENT OFFICERS AND BANK OFFICERS AS ON 01-08-2013 – A COMPARISON

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	25,700
Grade Pay	5,400	N I L	6,600	N I L	7,600	N I L
Total of Basic + Grade Pay	21,000	14,500	25,530	19,400	29,500	25,700
Dearness Allowance	18,900 (@90%)	12,898 (@88.95%)	22,977	17,256	26,550	22,860
H.R.A.	6,300 (@30%)	1,233 (@8.5%)	7,659	1,649	8,850	2,185
C.C.A. (Maximum@4% for bank officers)	N I L	540	N I L	540	N I L	540
Education Allowance (maximum for 2 children)	2,500	N I L	2,500	600	2,500	1,000
Transport Allowance / Monthly Conveyance	6,080 (3,200+90% DA)	2,200 (30 litres of petrol)	6,080 (3,200+90% DA)	3,000 (40 litres of petrol)	6,080 (3,200+90% DA)	3,750 (50 litres of petrol)
Staff Welfare	N I L	500	N I L	500	N I L	500
Staff Entertainment Expenses (pro rata)	N I L	300	N I L	400	N I L	500
Gross Monthly salary	54,780	32,171	64,746	43,345	73,480	57,035

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:
   
   

1. There are no tax in the perquisites paid to the government staff.
2. 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.
3. 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.
4. 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.

Date: 03-08-2013                                                                                                                                                                                                 V Subramanian

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)	Sub-staff in Banks	Central Govt. Staff (in Pay Band – 2)	Clerical staff in Banks
Basic Pay	4,860	5,850	8,700	7,200
Grade Pay	1,800	N I L	4,200	N I L
Special Pay (at the minimum for bank staff)	N I L	340	N I L	500
Total	6,660	6,190	12,900	7,700
Dearness Allowance	5,994 (@90%)	5,506 (@88.95%)	11,610	6,849
H.R.A.	1,998 (@30%)	619 (@10%)	3,870	770
C.C.A.	N I L	N I L	N I L	N I L
Education Allowance (maximum for 2 children)	2,500	500	2,500	500
Transport Allowance	1,140 (600+90% DA)	225	3,040 (1,600+90% DA)	225
Staff Welfare/Provisions	N I L	500	N I L	500
Newspaper	N I L	100	N I L	100
Gross Monthly salary	18,292	13,640	33,920	16,644

    

   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:
   
   

1. There is no tax liability on the perquisites paid to the government staff.
2. Number of transfers of a government staff is far less compared to his counterpart in a bank.  
3. 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.
4. Central government staff enjoy stagnation-free running scale, throughout their career.
5. 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.
7. 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.

        Date: 04-08-2013                                                                                                              V Subramanian