Last year Government has approved the pay revision for all central government employees which was applicable from 01.01.2016. However, the PSU pay revision implements after one year of central pay commission. The Executive, Non-Executive and Board level cadre of the Central Public Sector expecting the decent pay hike due to the 3rd PRC implementation from the 01.01.2017.
All government Banks employees are waiting for their next pay revision which is due from 01.11.2017. Last pay revision was issued by Indian Banking Association in the month of May 2015 which was applicable from 01.11.2012. For the next round of wage revision talks for 11th bipartite settlement has already been started. In this article, we will see the present pay scales for the Bank Officers and Clerks various allowances applicable to them.
The central government had already implemented the 7th Pay commission for all govt employees. But the 3rd PRC which is applicable to Public sector undertaking is yet to be implemented by the top authorities. As the 3rd Pay revision committee has submitted the report to Government 4 months back hence the expectation of CPSEs employees are high about the implementation of pay revision. In this regard, a meeting between the committee of secretaries took place at Cabinet Secretariat, Rashtrapati Bhawan on 12 May 2017.