Section 5(1)(c) in National Housing Bank (Officers') Service Regulations, 1997

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Union of India - Subsection

Section 5(1)(c) in National Housing Bank (Officers') Service Regulations, 1997

(c)Officers including those referred to in (b) above who reach the maximum of the Middle Management Grade Scale II and III shall draw stagnation increment(s) for every three completed years of service after reaching the last stage of the Scale 11 or Scale III, as the case may be subject to maximum of two such increments of Rs. 230/- each for Officers in the last stage of Scale II and one such increment of Rs. 250/- for Officers in the last stage of Scale III. However, such officers who are in Substantive Scale III i.e. those who are promoted or recruited in Scale Ill Shall draw a second Stagnation increment of Rs. 250/- after three years of receiving the first stagnation increment.

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Union of India - Subsection

Section 5(1)(c) in National Housing Bank (Officers') Service Regulations, 1997