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22nd March 2016, 11:29 AM
Super Moderator
 
Join Date: May 2012
Re: Allahabad Bank PO Starting Salary

As you have asked about the Allahabad Bank Probationary Officer (PO) starting salary, I am giving you information about it, check below for the information
Starting Salary of Bank Probationary Officer (PO) in PSU banks are approx Rs. 25,000. Salary in banks decided by all banks management body Indian Banks Association (IBA) and all banks employees umbrella organistion United Forum of Bank Unions (UFBU)

PSU Bank PO Salary at Joining Time in India

Salary
Major A class cities :Metro Cities

Basic Salary
Rs.14500.00

Dearness Allowance (110.10%)
Rs. 15964.50

CCA(4% max Rs.540=)
Rs. 540.00

HRA (Major A class cities - 8.5%, Other places in Area I -7.5%, Other places - 6.5%)
Rs.1232.50

Total
Rs. 32237.00

Add 15 % increase in pay slip as per new settlement which is expected to be implemented from June 2015(w.e.f. Nov 2012)
Rs.4835.00

Gr Total
Rs. 37,072.00 and other perks & facilities
Salary Components of Bank PO:

Basic Salary, Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA). HRA is not available for those officers who are residing in banks accommodation or subsidized accommodation.
If you an officer have own house and not availing banks accommodation then 150 % HRA will be provided

Major A class cities :
Metro Cities
Leased House Rent
Rs.12,500.00

Travelling Allowance
Rs.3,000.00

News Paper
Rs. 250.00

Cleaning Materials
Rs.600.00

Business Development Expenses
Rs.300.00

Medical Aid
Rs.450.00

Total
Rs.17,100.00

Add 15 % increase in pay slip as per new settlement which is expected to be implemented from June 2015(w.e.f. Nov 2012)
Rs. 2565.00

Gr Total
Rs.19,665.00


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