Separate pay scale for state bankers on way
Bangladesh Bank and state-owned financial institutions will get a pay scale different from other public servants after the cabinet on Monday approved the finance ministry's proposal.
The bankers' pay scale, the discussions for which have been ongoing for six years now, will be slightly higher than other government employees but will have the same number of grades, said a finance ministry official.
The government employees' new pay scale has 20 grades.
The new pay scale may not take effect immediately; the bankers will continue to draw salaries under their existing pay scale until their dedicated one is finalised.
The pay scale will now need to be approved by the respective institutions' boards, after which the finance ministry will give it the all-clear for implementation.
In 2013, the banking division under the finance ministry had proposed a total of 11 grades for the staff of both the central bank and state banks.
The basic salary for those in the highest grade will be Tk 52,000 and the lowest grade Tk 5,000.
In the existing 20-grade scale, the highest basic salary is Tk 33,500 and the lowest is Tk 4,100.
The cabinet though is yet to take a decision on the public university teachers' demand for a separate pay scale.
The state banks are run under the Companies Act, so their payrolls are not drawn from the government budget.
The salaries of public university teachers are provided from the state coffer, so if they are given a dedicated pay scale, employees of many other government agencies will demand one too.
So the government is taking time to take a decision on that one, the official added.
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