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Union of India - Section

Section 17 in National Housing Bank (Officers') Service Regulations, 1997

17. Other Allowances.

- An officer shall be eligible for the following other allowances, namely:
(i)City Compensatory Allowance : City Compensatory Allowance shall be payable at the following rates:
Places Rates
1 2
(a)Places in Area I and in the state of Goa 4.5%,of basic pay subject to maximum of Rs. 335/- p.m.
(b)Places with population of 5 lakhs and over and State Capitals andChandigarh, Pondicherry and Port Blair 3.5%of basic pay subject to maximum of Rs. 230/- p.m.
(ii)Deputation allowance. - If an officer is deputated to serve outside the Bank, he may opt to receive the emoluments attached to the post to which he is deputed. Alternatively, he may in addition to his pay, draw a deputation allowance of 12% of pay subject to maximum of Rs. 700/- and such other-allowance as he would have drawn had he been posted in the Bank's service at that place.
Provided that where he is deputed to an organisation which is located at the same place where he was posted immediately prior to his deputation he shall receive a deputation allowance equal to 6% of his pay, subject to a maximum of Rs. 350/-.Provided further that an officer on deputation to the Training Establishment of the Bank as faculty member or to Banking Service Recruitment Board shall be eligible for deputation allowance at 6% of his pay, subject to a maximum of Rs. 350/-.
(iii)Mid Academic Year Transfer Allowance.-If an officer is transferred from one place to another in the midst of an academic year and if he has one or more children studying in school or college, in the former place, a mid academic year transfer allowance of Rs. 150/- per month from the date he reports to the later place upto the end of academic year in respect of all the children provided that such allowance shall cease if all the children cease studying at the former place.