Ministry of Finance
No Comparison between
pay Structure of Central Government Employees and of Bank Employees
The pay scales of employees in Public
Sector Banks (PSBs) are determined as per the agreement between the management
and Associations/Unions every five years. Besides the pay, employees in banks
are also entitled to a number of other allowances and benefits.
The pay scale of the Central Government
employees are finalised by Government taking the recommendations of Central Pay
Commission into consideration and these pay scales are reviewed generally after
ten years. The terms and conditions of service of Central Government employees
and Bank employees are entirely different and are regulated in terms of the
respective service conditions. Hence, no comparison can be drawn between pay
structure of Central Government employees and of bank employees.
This was stated by the Minister of
State for Finance, Shri Namo Narain Meena in a written reply to a question in
the Lok Sabha today.
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