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Revision of pay scales for staff member of SEBI

The Board, in its meeting held in August 1999, approved that the pay scales prescribed for the
officers of SEBI would be on the pattern of RBI. Accordingly, the staff members are being
extended the pay scales, allowances and other benefits similar to that of RBI with marginal
variations. Pay revision as effected by RBI in 1995, 2001 and 2005 were implemented in SEBI.

The RBI has revised the pay scales and allowances in respect of its staff members in Grades A to
F in September 2010. The revision has been implemented retrospectively with effect from
November 1, 2007. Accordingly, it is proposed to extend the benefits of the revised scales of pay
and allowances to the staff members of SEBI in Grade A to Grade F and other staff members
generally on the lines of RBI. The details of pay scales to be extended to the staff members of
SEBI have been furnished in Annexure I. The details of the pre-revised and revised pay and
allowances in each of the grades have been furnished in Annexure II.

It may be recalled that RBI had separately introduced Special Allowance and Central Banking
allowance (now renamed as Grade Allowance in September 2010) to its officers in November
2005 and January 2007 respectively. However the same was not extended to the staff members in
SEBI. It is now proposed to extend the same to the staff members with prospective effect. All
other allowances and revision of pay shall be implemented retrospectively with effect from
November 1, 2007.

The additional payout per annum for SEBI upon implementation of the aforesaid proposal, for the
existing staff strength, would be approximately ` 14.46 crore.

This memorandum is submitted for information of the Board.


ANNEXURE - I

Refixation Chart

(Applicable for refixation of pay from 1.11.2007 to staff members holding permanent /
probationary / temporary / officiating appointment in the grade during the said period)
-----------------------------------------------------------------------------------------------

Staff Members in Grade Staff Members in Grade Staff Members in Grade


‘A’ ‘B’ ‘C’

Existing Fitment Existing Fitment Existing Fitment


` ` ` ` ` `
---------- ---------- ---------- --------- ---------- ---------
11250 17100 13700 21000 17525 28350
11950 18100 14400 22000 18225 29350
12650 19100 15100 23000 18925 30350
13350 20100 15800 24000 19625 31350
14050 21100 16500 25000 20325 32350
14750 22100 17200 26000 21025 33350
15450 23100 17900 27000 21825 34500
16150 24100 18600 28000 22625 35650
16850 25100 19300 29000 23425 36800
17550 26100 20000 30000 24225 37950
18250 27100 20700 31000 25025 39100
18950 28100 21400 32000 25825 40250
19650 29100 22150 33100 26625 41400
20350 30100 22900 34200
21050 31100 23650 35300
21750 32100 24400 36400
22500 33200

Staff Members in Grade Staff Members in Grade Staff Members in Grade


‘D’ ‘E’ ‘F’ ($)
Existing Fitment Existing Fitment Existing Fitment
` ` ` ` ` `
24875 39850 26500 42300 28900 60600
25675 41050 27300 43600 29800 60600
26475 42250 28100 44900 30700 60600
27275 43550 28900 46200 31600 60600
28075 44850 29800 47600 32600 60600
28875 46150 30700 49000 33600 62200
31600 50400 34600 63800
32600 52000 35600 65400
67000
RCTOs Junior Assistant Cook/Messenger
Revised
Existing (as w.e.f w.e.f
approved by November 1, May 1, 2010
Existing ` Fitment ` the Board) ` Revised ` Existing 2007 ` `(*)
10000 14500 5450 8040 4550 6000 6350
10470 15100 5670 8450 4660 6220 6570
10940 15700 5890 8860 4810 6440 6790
11410 16300 6110 9270 4960 6660 7010
11880 16900 6430 9770 5110 6880 7230
12350 17500 6750 10270 5300 7140 7490
12820 18100 7070 10770 5490 7400 7750
13320 18700 7390 11270 5680 7660 8010
13820 19400 7820 11820 5920 7960 8310
14320 20100 8250 12370 6160 8260 8610
14880 20900 8680 12920 6400 8560 8910
15440 21700 9110 13470 6700 8960 9310
16000 22500 9640 14120 7000 9360 9710
16560 23300 10170 14770 7360 9860 10210
17120 24100 10700 15420 7720 10360 10710
17680 24900 11400 16140 8080 10860 11210
18240 25700 12100 17130 8560 11360 11710
12800 18120 9040 12040 12390
13500 19110 9520 12720 13070
14200 20100 10000 13400 13750
Notes:-

(*) – As per RBI

($) – In case of Staff Members in Grade ‘F’ who are in the first, second, third, fourth and fifth
stage of pay, the pay shall be fixed at the first stage of revised scale i.e. `. 60600/-.

In case of Staff Members in Grade ‘F’ who are in the last stage of pay and drawing special
pay, the revised pay shall be fixed at the last stage of the revised scale i.e. `. 67000/-
ANNEXURE- II
OFFICERS (GRADE A TO F)
Grade F Grade E Grade D Grade C Grade B Grade A
Pre- Pre- Pre- Pre- Pre- Pre-
Components revised Revised revised Revised revised Revised revised Revised revised Revised revised Revised
1 Basic Pay 28900 60600 26500 42300 24875 39850 17525 28350 13700 21000 11250 17100
2 Dearness Allowance 20808 28805 19080 23174 17910 20033 12618 14423 9864 10506 8100 8609
3 Family allowance 1000 0 1000 1200 995 1200 701 1100 548 840 450 684
4 Local Allowance 1200 0 1200 1600 1200 1600 876 1300 685 1050 563 855
Special Compensatory
5 Allowance 625 1000 625 625 500 500 500 500 500 500 500 500
Provident Fund Board's
6 Contribution 5965 11929 5470 9597 5134 8296 3617 5973 2828 4351 2322 3565
7 Special Allowance 0 0 0 5500 0 2500 0 2500 0 2500 0 2500
8 Grade Allowance 0 10000 0 9000 0 6750 0 4500 0 2250 0 1500
TOTAL 58498 112333 53875 92996 50614 80729 35837 58646 28125 42997 23185 35313

SECRETARIAL STAFF, ACCOUNTS ASSISTANT AND LIBRARY ASSISTANT (GRADE A, B AND C)


Grade C Grade B Grade A
Pre- Pre- Pre- Revis
Components revised Revised revised Revised revised ed
1 Basic Pay 17525 28350 13700 21000 11250 17100
2 Dearness Allowance 12618 14423 9864 9864 8100 8609
3 Family allowance 701 1100 548 840 450 684
4 Local Allowance 876 1300 685 1050 563 855
Special Compensatory
5 Allowance 500 500 500 500 500 500
Provident Fund Board's
6 Contribution 3617 5973 2828 4351 2322 3565
7 Special Allowance 0 2500 0 2500 0 2500
8 Grade Allowance 0 4500 0 2250 0 1500
TOTAL 35837 58646 28125 42997 23185 35313
Messenger / Cook
Junior Assistant
(Secretarial,
Accounts, Library)
Pre- Revis
Components Components revised ed
1 Basic Pay 8040 1 Basic Pay 4550 6350
Dearness
2 Dearness Allowance 3607 2 Allowance 3276 2754
Family
3 Family allowance 402 3 allowance 182 254
4 Local Allowance 322 4 Local Allowance 228 318
Special
Provident Fund Board's Compensatory
5 Contribution 1494 5 Allowance 400 400
Provident Fund
Board's
6 Grade Allowance 800 6 Contribution 939 1140
Grade
TOTAL 14664 7 Allowance 0 400
Special
Functional
8 Allowance 0 500
Washing
9 Allowance 200 700
TOTAL 9775 12816

Excluding House allowance, LFC, Medical and other benefits