Stagnation Increments for Bank Officers w..e.f. 01.11.2017 : IBA

Stagnation Increment rules for Bank Officers from Scale 1 to Scale 5 changed as per 11th Bipartite Settlement . However banks not implemented these stagnation increments benefits to bank officers. But now IBA clarified all doubts and revised guidelines for Stagnation Increments for officers in public sector banks as well as banks covered under 11th Bipartite settlement.

New Stagnation Increments for Bank Officers w..e.f. 01.11.2017 under 11th Bipartite Settlement :

Stagnation Increments for Bank Scale 1 Officers (JMGS I)
Old Eligibility: four stagnation increments
New Eligibility: five stagnation increments
First two stagnation increments: Rs.1990
3rd and 4th Stagnation Increment: Rs.2220
(First 4 Increments every 2 years)
Fifth stagnation increment: Rs.2220 will be released two years after receipt of 4th stagnation increment or w.e.f. 1 November 2017, whichever is later.

You can also watch this video to understand Stagnation Increments for officers as per 11th bipartite in easy language with easy examples :

Stagnation Increments for Bank Scale 2 Officers (MMG Scale II)
Old Eligibility: four stagnation increments.
New Eligibility: five stagnation increments.
First four stagnation increments: Rs.2220 (every two years)
The fifth Stagnation increment: Rs.2220 will be released two years after release of
4th stagnation increment or w.e.f. 18 November 2017,whichever is later.
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