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  #2  
23rd December 2015, 01:51 PM
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Re: Salary And Perks Of Syndicate Bank PO

hii sir, will you please provide me the details of the Salary and the pay scales of the Syndicate bank PO posts As I wants to apply in the Syndicate bank for the PO post .
  #3  
23rd December 2015, 01:53 PM
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Join Date: Apr 2013
Re: Salary And Perks Of Syndicate Bank PO

As you asking for the Bank PO Salary in the syndicate bank let me tell you that as per my knowledge the Starting salary of the PO post may be ranged from 20 to @5 thousands decided by all banks management body Indian Banks Association (IBA) and all banks employees umbrella organisation United Forum of Bank Unions (UFBU). The present salary is based on 9th Bipartite Settlement which was signed on 27.04.2010.The salary was made effective from1.11.2007 and now 10th Bipartite settlement is due from 1.11.2012. The settlement will when ever finalised but increased salary will be effective from 1.11.2012.

Perks and Facilities Components:
Banks Leased Housing Accommodation,
Travelling Allowance,
News Paper,
Cleaning Materials,
Business Development Expenses,
Medical Aids etc.


Bank PO Perk and Facilities at Joining Time



SCALES of Bank PO

JMGS-I - Rs.14, 500/- TO Rs.31, 500/-@

MMGS-II - Rs.19, 400/- TO Rs.34, 200/-@

MMGS-III - Rs.25, 700/- TO Rs.35, 100/-@

@including two additional stagnation increments

SMGS-IV - Rs.30, 600/- TO Rs.36, 200/-

SMGS-V - Rs.36, 200/- TO Rs.40, 400/-

TEG-VI - Rs.42,000/- TO Rs.46,800/-

TEG-VII - Rs.46,800/- TO Rs.52,000/-

DEARNESS ALLOWANCE

For every 4 points rise/fall in index, Dearness Allowance at 0.15% per slab.

CITY COMPENSATARY ALLOWANCE

CCA rates are as under:

Places in Area I - 4% of Basic Pay, Max. Rs.540/-p.m.

Places with population of more than 5 lacs - 3% of Basic Pay,

Max. Rs.375/-p.m.

HOUSE RENT ALLOWANCE

We have retained the existing rate of HRA as under:

Major A class cities - 8.5%

Other places in Area I - 7.5%

Other places - 6.5%

MEDICAL AID –

For officers other than SBI, the medical aid has been enhanced as;


Scale I to III – Rs. 5100/- p.a.

Scale IV & above - Rs. 6320/- p.a.


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