Bangladesh Bank minimum wage for bank employees 2022

For the first time in the country, Bangladesh Bank has fixed minimum wages for bank employees. As per the guidelines, the minimum salary for the entry level executives of the bank will be Rs 28,000. However, at the end of the training period, the officers will have to pay a minimum wage and an allowance of Rs 39,000. In addition, the central bank has fixed minimum wages for security personnel, messengers, sweepers and others. The starting salary and allowances of the employees will be minimum 24 thousand rupees.

At the same time, Bangladesh Bank has given a special policy regarding the dismissal and promotion of bank officers. The notification has been issued by the Banking Regulation and Policy Division of the Central Bank. Bangladesh Bank has directed to implement the new salary structure from March 1 this year. It has been said in the circular that this directive has been issued to ensure discipline, good governance and proper management in the banking sector of the country.

The circular states that in order to maintain the integrity, ethics, morale and work ethic of the officers and employees of the bank, it is necessary to pay them reasonable wages and allowances. But recently it has been observed that in some banks the salaries and allowances of entry level officers are being fixed arbitrarily without fixing them properly. This is very less as compared to the existing salary and allowances of other high level officers of the same bank. Such an unusual distinction between the pay and allowances of high and low level officers and employees is by no means acceptable.

working in similar position in some banks

It has also been mentioned in the Bangladesh Bank circular that different pay and allowances are being given to the officers and employees. The circular states that the officers and employees of the bank do not develop the attitude to concentrate on the work of the bank permanently due to non-achievement of the set targets or inability of various banks due to difference in pay and allowances. As a result, various complications are emerging, including inefficiency, unequal competition and moral degradation. Bangladesh Bank considers this a hindrance to proper human resource management and good governance and detrimental to the banking company.

Bangladesh Bank has fixed the minimum wage and allowance and said that the minimum wage during the training period for the officers working at the entry level of the bank will be Rs 26,000.

At the end of the training period, entry-level officers will be required to pay a minimum wage including initial basic pay and an allowance of Rs 39,000. After the implementation of the new fixed pay and allowances, the salary and allowances of the officers already working in the same post will have to be increased in the same proportion.

Bangladesh Bank has directed to fix the difference between the pay and allowances of the officers working immediately below the CEO and the salaries and allowances of the officers and employees working in the lowest positions of the bank at an appropriate level. In this regard, the circular states that the pay and allowances for all levels of officers should be fixed at a proportionate rate.

It has been said in the notification that the salary and allowances of any officer-employee shall in no case be less than the existing pay and allowances. When such a situation arises, the concerned officer-employee has to fix the salary and allowances with the required number of increments. Also, according to the service rules of the bank, the officers and employees will be entitled to other allowances and facilities as per the notification.

Bangladesh Bank has said that conditions cannot be imposed on officers appointed by the bank to achieve the goal of collecting deposits for job stabilization or increase in annual salary. Bank officers cannot be denied promotion on the pretext of failure to achieve the set targets or inefficiency. The circular clearly mentions that officers and employees cannot be dismissed on the same pretext. It said that if there is no specific and substantiated allegation, the officers and employees cannot be compelled to dismiss or resign.

According to the circular, the minimum starting salary for messenger, cleaner, security guard, office assistant or other similar posts will be Rs 24,000. If the work of such employees is done on contract basis, on daily basis, through outsourcing or through any other process, the pay and allowances of such employees should be fixed at par with the pay and allowances of the employees of the Bank. Bangladesh Bank has directed the Managing Directors (MDs) of the banks to make necessary amendments in the respective policies of the Bank by submitting notification instructions in the next meeting of the Board of Directors of their respective banks.

However, the circular mentions that the pay and allowances of persons employed through agents or agents of the Bank employed in various outlets engaged in providing banking services in banking or mobile banking or any other process shall be as stipulated by the contract. or their respective agents. As per the circular, the Bangladesh Bank guidelines will not be applicable to state-owned banks as their pay structure is covered by the national pay scale issued by the government and is set to be adhered to.