A meeting of the IBA and officers unions was held on 03rd April, 2010,

Basic Pay Rs.14500/- - Rs.52000/-.
Medical Aid –Rs.5100 / upto Scale III; Above Scale III – Rs.6320/-
Stagnation Increment for Scale I, II and III – 2 increments.
Next round of discussion on Residual Issues – 9th & 10th April 2010.
On common issues UFBU meeting with IBA on 12.04.2010 for finalizing Pension draft
Settlement will be signed on 15.04.2010
SCALESJMGS-I - Rs.14, 500/- TO Rs.31, 500/- (including two additional stagnation increments)MMGS-II - Rs.19, 400/- TO Rs.34, 200/- (including two additional stagnation increments)MMGS-III - Rs.25, 700/- TO Rs.35, 100/- (including two additional stagnation increments)SMGS-IV - Rs.30, 600/- TO Rs.36, 200/-SMGS-V - Rs.36, 200/- TO Rs.40, 400/-TEG-VI - Rs.42,000/- TO Rs.46,800/-TEG-VII - Rs.46,800/- TO Rs.52,000/-DEARNESS ALLOWANCE :- For every 4 points rise/fall in index, Dearness Allowance at 0.15% per slab.CITY COMPENSATARY ALLOWANCE : We have freezed the existing CCA and utilized the amount towardsimprovement in Basic Pay. Accordingly, CCA rates will be as under;Places in Area I - 4% of Basic Pay, Max. Rs.540/- p.m.Places with population of more than 5 lacs - 3% of Basic Pay,Max. Rs.375/- p.m.HOUSE RENT ALLOWANCEWe have retained the existing rate of HRA as under: Major A class cities - 8.5% Other places in Area I - 7.5% Other places - 6.5%MEDICAL AID –For officers other than SBI, the medical aid has been enhanced as;Scale I to III – Rs. 5100/- p.a.Scale IV & above - Rs. 6320/- p.a.STAGNATION INCREMENTS:It is a fact that majority of senior officers in Scale I to III are stagnated as promotions are linked to vacancies. Hence, we have ensured to add two additional stagnation increments in these scales.Date of Effect : 1st November 2007.