Perks in Oriental Bank of Commerce

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All India Oriental Bank Officers' Association Perks and Salary

Scales of Pay
Scale I-14500 600 18700 700 20100 800 25700
7 2 7
Scale II-19400 700 20100 800 28100
1 10
Scale III-25700 800 29700 900 31500
5 2
Scale IV-30600 900 34200 1000 36200
4 2
Scale V-36200 1000 38200 1100 40400
2 2
Scale VI-42000 1200 46800
4
Scale VII-46800 1300 52000
4
Know the Running Scale:
Scale I: 14500-600/7-18700-700/2-20100-800/7-25700
After one year of reaching the maximum of the Scale:
PQP I Rs. 410/- (For officers who have done JAIIB or CAIIB)
Next Year PQP II Rs.1030/- (For officers who have done CAIIB)
3rd Year I Stagnation Increment of Rs. 800
6th Year II Stagnation Increment of Rs. 800
9th Year III Stagnation Increment of Rs. 900
12th Year IV Stagnation Increment of Rs. 900

Scale II: 19400-700/1-20100-800/10-28100
After one year of reaching the maximum of the Scale:
PQP I Rs. 410/- (For officers who have done JAIIB or CAIIB)
Next Year PQP II Rs. 1030/- (For officers who have done CAIIB)
3rd Year I Stagnation Increment of Rs. 900
6th Year II Stagnation Increment of Rs. 900
9th Year III Stagnation Increment of Rs. 900

Scale III: 25700-800/5-29700-900/2-31500
After one year of reaching the maximum of the Scale (Rs.)
PQP I 410/- (For officers who have done JAIIB or CAIIB)
Next Year PQP II 1030/- (For officers who have done CAIIB)
3rd Year I Stagnation Increment of Rs.900
6th Year II Stagnation Increment of Rs.900
9th Year III Stagnation Increment of Rs.900
12th Year IV Stagnation Increment of Rs.900

Scale IV Rs. 30600-900/4-34200-1000/2-36200
After one year of reaching the maximum of the Scale:
PQP I Rs. 410/- (For officers who have done JAIIB or CAIIB)
Next Year PQP II Rs. 1030/- (For officers who have done CAIIB)

Scale V Rs. 36200-1000/2-38200-1100/2-40400
After one year of reaching the maximum of the Scale:
PQP I Rs. 410/- (For officers who have done JAIIB or CAIIB)
Next Year PQP II Rs. 1030/- (For officers who have done CAIIB)

Scale VI Rs. 42000-1200/4-46800
After one year of reaching the maximum of the Scale:
PQP I Rs. 410/- (For officers who have done JAIIB or CAIIB)
Next Year PQP II Rs. 1030/- (For officers who have done CAIIB)

Scale VII Rs. 46800-1300/4-52000
After one year of reaching the maximum of the Scale:
PQP I Rs. 410/- (For officers who have done JAIIB or CAIIB)
Next Year PQP II Rs. 1030/- (For officers who have done CAIIB)

Stagnation Increments
JMG Scale I-4 increments (first 2 for Rs.800/- each & next 2 for Rs.900/- each) for every 3 completed years of service after reaching top of the scale.

MMG Scale II-3 increments of Rs.900/- each for every 3 completed years of service after reaching top of the scale.

MMG Scale III-4 increments of Rs.900/- each for every 3 completed years of service after reaching top of the scale.

Dearness Allowance
On and from 1.11.2007, Dearness Allowance shall be payable for every rise or fall of four points over 2836 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960=100 at 0.15% of Pay.

House Rent Allowance (Regulation 22) (w.e.f 01/11/2002):
Regulation 22 (2b):
I II
i) Major “A” Class Cities and Project Area Centres in Group A 8.5% of Pay
ii) Other places in Area I and Project Area Centres in Group B 7.5% of Pay
iii) Other places 6.5% of Pay

Standard Rent-Rates & Calculations:
LIVING AREA STANDARD RENT LIVING AREA STANDARD RENT
(sq. meters) (Rs.) (sq. meters) (Rs.)

Upto 50 113 151 to 180 433
51 to 60 135 181 to 225 510
61 to 75 157 226 to 300 728
76 to 90 209 301 to 400 901
91 to 105 252 401 to 550 1073
106 to 120 296 Beyond 550 1250
121 to 150 362 (1 sq.m. = 10.76 sq.ft.)