2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
2nd August 2014, 01:26 PM
Super Moderator
 
Join Date: Apr 2013
Re: Bank PO Salary

Bank PO's salary or Bank Probationary officer's starting salary in most of public sector banks and even in some private banks is same.




  #3  
19th December 2015, 02:37 PM
Unregistered
Guest
 
Re: Bank PO Salary

Hello , I wanted to know about Bank PO salary , would you please provides me complete information regarding to bank PO salary
  #4  
19th December 2015, 02:38 PM
Super Moderator
 
Join Date: Aug 2012
Re: Bank PO Salary

All banks gives higher salary to their PO , we provides you complete information related to bank PO salary
PAY:
\The starting basic pay is 16,900/-(with 4 increments) in the scale of 14500-600/ 7-18700-700/2-20100-800/7-25700 applicable to Junior Management Grade Scale I.
The official will also be eligible for D.A, H.R.A & C.C.A as per rules in force from time to time.
The compensation per annum at Mumbai is around Rs. 8,40,000/-. The breakup of monthly compensation is as under:

Cash Component - 34,320/-
Bank's contribution to PF - 1,690/-
Housing (Lease Rental) - 29,500/- `
Perquisites (Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. 4,130/- `In addition, the officers are also entitled to other benefits like ā€“
(i) Medical Aid for self (100%) and for family (75%)
(ii) Home Travel Concession/Leave Fare Concession
(iii) Concessional Interest Rates for Housing/Car/Personal Loans
Pay Scale:
The starting basic pay of a Probationary Officer is Rs 16,900/- (with 4 increments) in the scale of Rs 14500-600/7-18700-700/2-20100-800/7-25700.
Dearness Allowance:
Apart from the basic salary a Probationary Officer is also eligible for Dearness Allowance or D.A. which is currently 80.25% of basic salary hence one will
HRA and CCA:
Apart from the Basic salary and Dearness Allowance a Probationary Officer is also entitled for House Rent Allowance (HRA) and City Compensatory Allowance (CCA). While the HRA ranges from 7.50% to 15% of the basic salary newspaper allowance,
Lease Rent Facility:
Probationary Officers are also entitled for attractive Lease Rent Facility. An Officer is entitled for Leased accommodation ranging from Rs 8000.00 in ā€˜Cā€™ category Centers to Rs 29500.00 in Mumbai Centre.

Furniture and Fixtures:
Probationary Officers are also entitled for purchasing Furniture and Fixtures of Rs. 90000.00 for their home.

Medical Facility:
Medical facility in SBI is also very attractive. Medical Aid for self is 100% and for the family is 75% it means that 100% of your medical bills will be reimbursed by the bank for you and 75% for your family members, subject to the bank norms.
Provident Fund:
The officers are required to make 10% of their basic pay as contribution to Provident Fund and the Bank also makes matching contribution to the Employees Provident Fund.
Concessional Loans to Bank Officers:
Bank also provides concessional interest rates for Housing/Car/Personal Loans.
Newspaper Reimbursement:
A fixed monthly amount is paid towards the cost of one newspaper.
Maid Allowance:
A fixed monthly amount is paid toward the allowance of the maid, which is generally Rs. 50/day.


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5. The time now is 09:48 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4