Tuesday, December 28, 2010

Kerala Co- Operative Bank Staff Pay Scale Revision 2011

The Kerala State Government on Monday  declared pay revision for employees in cooperative sector. Minister for Cooperation G. Sudhakaran said that the salary hike would be introduced with effect from April 11, 2007.
Hike in basic Pay of Last Grade Staff (Co-Operative Banks) will be Minimum Rs.1,500
Hike in basic Pay of Chief General Manager will be Minimum Rs.11,000

Revised Running Master Scale Rs.7825 - 50450
Peon , Attender Revised Salary Scale Rs.7825 - 20975
Clerk Revised Salary Scale Rs.9625 - 28375
Junior Assistant  Revised Salary Scale Rs.11750 - 32050
Accounts Officer Revised Salary Scale Rs. 14375 -38350
Deputy general Manager  Revised Salary Scale Rs.20975 - 48950
Chief General Manager Revised Salary Scale Rs.25075 - 50450
Employees would get 6.25 per cent fitment and 24 per cent dearness allowance along with the basic pay from the date of opting for the new scale or from April 1, 2007. The pay revision committee's recommendation for one increment for 10 years of service and two increments for 20 years service also have been accepted.

Employees would get a house rent allowance of 10 per cent of the salary, subject to a limit of Rs.2,000, besides three stagnation increments. The commission's recommendation for higher grade promotion for the sub-staff category depending on the years of service has also been accepted.

The government had sanctioned special pay for qualified employees ranging between Rs.500 to 700, over and above the pay committee's recommendation with a view to induct professionalism in its services.

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