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18th March 2016, 11:37 AM
Super Moderator
 
Join Date: May 2012
Re: IBPS PO Salary

IBPS Bank Probationary officer's Starting Salary in Most of Public Sector banks And Even in Some Private Banks is Same.

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

Perk and Facilities :
(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/-) or 0%


IBPS PO Salary Structure For Metro Cities

Basic Pay – 14500.00
Dearness Allowance @99.9% – 14485.5
CCA (3% to 4% Max. Rs540/-) -540.00
Total Salary (Excluding HRA) – Rs.29525.5
HRA – 8.5%; 7.5%; 6.5%* – Rs.1232.50
Total Salary (Including HRA) – Rs.30758.0
For State Capital
Basic Pay – 14500.00 (p.a.)
Dearness Allowance @99.9% – 14485.5
CCA (3% to 4% Max. Rs540/-) -375.00
Total Salary (Excluding HRA) – Rs.29360.5
HRA – 8.5%; 7.5%; 6.5%* – Rs.1087.50
Total Salary (Including HRA) – Rs.30448.0
For District Level and Rural Level
Basic Pay – 14500.00 (p.a.)
Dearness Allowance @99.9% – 14485.5
CCA (3% to 4% Max. Rs540/-) – 0.00
Total Salary (Excluding HRA) – Rs.28985.5
HRA – 8.5%; 7.5%; 6.5%* – Rs.942.50
Total Salary (Including HRA) – Rs.29927.0


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