Grades In Kotak Mahindra Bank

I want to know the Grade pay scale of Clerk post in Kotak Mahindra Bank so will you please tell me?

[pawan]

The Basic salary of a job of Clerk in Kotak Mahindra Bank is Rs 11,765 - Rs 42,020.

Here Rs 11,765 is the Basic pay.

Clerk Salary and Perks 2017

Facilities Places with Population > 45 lakhs Below 45 Lakhs
Basic Pay Rs.11765/- Rs.11765/-
Special Allowance Rs.911.79/- Rs.911.79/-
DA Rs.5311.58/- Rs.5311.58/-
CCA Rs. 0/- Rs. 0/-
Transport Allowance Rs.425/- Rs.425/-
Total (without HRA) Rs.18413.37/- Rs.18413.37/-
HRA Rs.1176.5/- Rs.1058.85/-
Gross with HRA Rs.19589.87/- Rs.19472.22/-

The main allowances that a Bank Clerk gets are following:

Dearness Allowance (DA): In Bank, DA is revised quarterly and is based on CPI as declared by the banks i.e. DA can go up with higher CPI and vice versa.

House Rent Allowance (HRA): This varies according to Clerks place of posting. And it can be 8.50%, 7.50% and 6.50% depending on metros, big cities, and other locations.

Medical Allowance: This allowance is paid annually. And for a clerk, it is fixed at Rs 2000.

Transport Allowance (TA) It is also an additional amount on IBPS Clerk take home salary.

Cash in hand salary: Rs 19,461.