HRA in State Bank of India

Hello sir, I am Pappu Gandhi. I am from Delhi. I want you to help me by giving me some information about the HRA and other allowances details for Probationary Officer post in State Bank of India. Can you give me details about it?

[Kiran Chandar]

As you have asked about the HRA and other allowances details for Probationary Officer post in State Bank of India, I am giving you information about it

Scale I -

23700 -(980 x 7 ) -30560 -(1145 x 2 ) -32850 -(1310 x 7) -42020


Thus, the revised initial / starting Basic Pay of a Bank Probationary officer / PO will be Rs.23,700/- as on 1st January 2016

In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) are eligible for the following allowances :-

(a) Dearness Allowance (DA) : DA in banks is revised on quarterly basis (i.e. 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 2015, December 2015 and January 2016 is 39.80% of the Basic Pay). DA can go up with higher inflation and also come down if the inflation rate is in negative.

(b) 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

(c) 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.

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