Section 19A(c) in Life Insurance Corporation of India Class III and Class IV Employees (Revision of Terms and Conditions of Service) Rules, 1985
(c)an employee in the scale of pay of Assistant or Stenographer who has received the graduation increments and who reaches the maximum of the scale of pay referred to in sub-rule (1) of rule 4 of the said rules shall be granted graduation allowance at the rate of [Rs 1000/-] [Substituted 'Rs 530/-' by Notification No. G.S.R. 30 (E), dated 14.1.2016 (w.e.f. 11.4.1985).] per month from the first day of the month following the completion of two years of service commencing from the date of reaching such maximum.