GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF FINANCIAL SERVICES
JEEVAN DEEP
10, PARLIAMENT STREET.,
NEW DELHI-110 001
F. No.4/1/2012-SCT (B)
Dear,
Please refer to your D.O. No 12(35)1211/D(Res-I) dated 24/04/2012
regarding grievances of ex-servicemen re-employed in Public Sector Banks
for fixation of their salary in banks.
2. In this connection, I would like to mention that the Department of
Financial Services had circulated instructions/directions/Circulars such
as of the DoP&T’s earlier OM No. 3/19/2009-Estt.Pay II dated
8.11.2010 as well as the Ministry of Defence (MOD)’S letter
No.1(4)/2007/D(Pen/Policy) dated 09.02.2011 to all Public Sector
Banks(PSBs)/Financial Institutions (FIs) and Insurance Companies (ICs)
for compliance.
3. The Indian Banks’ Association (IBA) sought clarification from DFS on
re-fixation of pay to ex-servicemen re-employed in their Public Sector
Banks on or alter 01.01.2006. Based on DoP&Ts O.M. dated 8.11.2010,
it was pointed by this Department vide its letter No. 4/1/2010-SCT (B)
dated 23.03.2012 that Ex-servicemen re-employed in banks who retired
on/or after 01.01.2006 are eligible to pay fixation in banks based on
the pay drawn by them at the time of discharge from the Defence Services
which would include band pay plus grade pay but it does not include
MSP. As it created confusion among banks over uniform implementation of
the DoP&T’s Office Memorandum dated 08.11.2010 the circulars war
treated as withdrawn.
4. It has therefore been reiterated that DoP&T’s above instructions may be followed in letter and sprit.
With regards,
Yours faithfully,
sd/-
(L.K. Meena)
Source: www.media.dgrindia.com
