Bank of Baroda PO Salary after Revision

Will you please tell what is the salary a candidate get after Revision who working on PO post at Bank of Baroda ?

[Quick Sam]

As you want I am here giving you salary structure for PO post employee at Bank of Baroda.

Bank PO Salary:

Components Revised (Per Month)
Basic Pay Rs 26705 (Merged 60.15 % of DA in to
current Basic Pay)

House Rent Allowance Rs 1996.2 (7.475 % of Basic Pay)

Dearness Allowance Rs 8839.36 (33.1% of Basic Pay)

Total Rs 37541

NPS Contribution -3554.44

Cash In Hand Rs 33986

I am interested in joining bank line and decided to join Bank of Baroda as a post of PO. Will you tell what the Bank of Baroda PO Salary after Revision and what the perks and List of Allowances?

[Neelu Bhasin]

Bank of Baroda is an Indian multinational, public sector banking and financial services company.

It is the third largest public sector bank in India, with 131 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices.

Bank of Baroda PO Salary after Revision

Salary Of Bank Of Baroda PO
Current Basic 14500
Current DA % 10.98 15921
Current HRA % 6.5 942.5
Current Gross Salary 31364
Current NPS Contribution 3042.1
Current Net Salary 28321

Responsibilities of a PO in BOB:

Marketing of Products, Services & Schemes
Bringing new business to the bank
Solving customer grievances
Handling daily customer transactions
Cash Management
Supervising clerical work
Other tasks bestowed by the bank

Some of the perks available to Bank officers are:-

#1. Leased Accommodation

Appointed candidates on PO Position is awrded by HRA (House Rent Allowance) and at some banks, they may be offered official bank accommodation / bank quarters in lieu of leased accommodation.

HRA Amount is different from bank to bank and place of postings. However, you should remember that this amount is not available as cash component and will directly go to the house owner – you have got leased.

#2. Travelling Allowance

Some banks allow fixed Travelling Allowance whereas others allow reimbursement of petrol bills i.e. officer must own scooter / car at the place of posting

#3. Newspaper Reimbursement

A fixed monthly amount is paid towards the cost of one newspaper

#4. Medical Aid

A fixed annual amount is paid by most of the banks (Revised amount is Rs8000/- p.a.)

#5. Coverage under New Pension Scheme

List of Allowances:

Dearness Allowance (DA):

Dearness allowances is revised on quarterly basis like in the months of February, May, August and November) based on the CPI as declared by Government of India.

The new revised current DA (for the month of November 2016, December 2016 and Jan 2017 was 47.80% of the Basic Pay).

Special Allowance:

This has been added in 10th BPS (WEF 01/11/2012) and for scale I is 7.75% on which DA is also payable

House Rent Allowance (HRA):

This depends on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.

CCA:

This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%.