Section 5(2) in National Housing Bank (Officers') Service Regulations, 1997
(2)An additional increment shall be granted in the scale of pay for passing each part of the CAIIB examination.Explanation. - Officers who reach or have reached the maximum in the pay scale and are unable to move further except by way of promotion shall be granted Professional Qualification allowance in lieu of additional increments in consideration of passing CAIII3 examination as under:Those who have passed only Part I of CAIIB : Rs. 120/- p.m. after one year on reaching the top of the scale.Those who have passed both Parts of CAIIB :(i)Rs. 120/- p.m. after 1 year on reaching the top of the scale(ii)Rs. 300/- p.m. after 2 years of reaching the top of the scale.Note. - (a) Revised professional qualification allowance shall rank for Dearness Allowance, House rent Allowance and Superannuation Benefits.(b)If an Officer who is in receipt of Professional Qualification Allowance is promoted to next higher scale, he shall, subject to Government guidelines, if any, be granted, on fitment into such higher scale, additional increment(s) for passing CAIIB to the extent increments are available in the scale and if no increments are available in the scale or only one increment is available in the scale, the officer shall be eligible for Professional Qualification Allowance in lieu of increment(s).
