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Old 3rd October 2017, 03:18 PM
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Join Date: Aug 2012
Default Re: Nainital Bank PO Salary

The Basic pay of Probationary Officer PO in Nainital Bank is 23700.00.

The revised basic IBPS PO salary structure thus becomes

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

Here, Rs. 23, 700 is the revised basic pay of Bank PO as applicable on 1st January 2016.

Nainital Bank PO Salary

Basic Pay 23700.00
Special Allowance 1836.75
DA 10163.63
CCA 870
Transport Allowance
Total (without HRA) 36570.38
HRA 2133.00
Gross with HRA 38703.38

Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500

Gross Annual CTC (with HRA but without leased accommodation) 5,57,640.52

Allowances:

Dearness Allowance (DA): In Banks, DA is revised quarterly and is based on the CPI data as revealed by Government of India.

The last Revised DA for the quarter of November and December 2015 and January 2016 is 39.80% of the Basic Pay.

Since it depends on CPI, DA can go up with higher Inflation and vice versa.

Special Allowance: According to IBPS PO's Latest Revision, a special allowance has been added to the salary structure of Bank PO.

And it is 7.75% of the Basic Pay.

House Rent Allowance: This varies according to Bank POs place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.

City Compensatory Allowance: This also depends on the place of posting and can be either 4% or 3 % or 0%.

Hence the total Salary (without HRA) of Bank PO becomes Rs. 35,700 36,570. While considering the HRA into account, it becomes Rs. 37,360 -38,700.
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