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[Cites 0, Cited by 0] [Section 4] [Entire Act]

Union of India - Subsection

Section 4(1) in National Housing Bank (Officers') Service Regulations, 1997

(1)There shall be the following five grades for officers with the scales of pay specified against each of the grades :-
Grade Scale Scaleof pay
(a)Special Grade Asapplicable to the Executive Directors of the Nationalised banks.  
(b)Top Executive ScaleVII Rs.12650-300/2-13250-350/1-13600-400/1-14000
  ScaleVI Rs.11450-300/4-12650
(c)Senior Management grade ScaleV Rs.10450-250/4-11450
  ScaleIV Rs.8970-230/1-9200-250/5-10450
(d)Middle Management Grade ScaleIII Rs.8050-230/5-9200-250/2-9700
  ScaleII Rs.6210-230/11-8740
(e)Junior Management Scale1 Rs.4250-230/3-4940-350/1-5290-230/12-8050
Explanation. - Special Grade means pay, Allowances and other perquisites as applicable to Executive Directors of the nationalised Banks.provided that every officer who is governed by the grade and scale of pay as in force on the appointed day having been fitted into the said grade and scale of pay in accordance with Office Order No. 174/96 dated 7-2-1996 shall be deemed to have been fitted in the scale of pay as set out above.