Oriental Bank of Commerce PO Salary and Perks

Hello sir I want to that What is the salary of a bank PO at Oriental Bank of Commerce well you please tell me ??

[Kiran Chandar]

Hello as you want to know the salary of a bank PO at Oriental Bank of Commerce provided below:

Probationary Officers:

Salary in banks determined by all banks management body Indian Banks Association (IBA) and all banks employees umbrella organization United Forum of Bank Unions (UFBU). The present salary is based on 9th Bipartite Settlement which was signed on 27.04.2010.

Probationary Officer's Salary at joining time

Salary Major A class cities :

Metro Cities Other places in Area I(State Capitals etc) Other places
(District level and Rural Places)

Basic Salary Rs.14500.00 Rs.14500.00 Rs.14500.00

Dearness Allowance (54%) Rs.7830.00 Rs.7830.00 Rs.7830.00

CCA(4% max Rs.540=) Rs. 540.00 Rs.375.00 nil

HRA (Major A class cities - 8.5%, Other places in Area I -7.5%, Other places - 6.5%) Rs.1232.50 Rs.1087.50 Rs.942.50

Total Rs.24,102.50 Rs. 23,792.50 Rs.23,272.50

Probationary Officer's Perks and Facilities at Joining Time

Salary Major A class cities :

Metro Cities Other places in Cat A Centers(State Capitals etc) Other places

Category B Centers Other places
Category C Centers

Leased House Rent Rs.7,200.00 Rs.5,300.00 Rs.3,800.00 Rs.2,800.00

Travelling Allowance Rs.3,000.00 Rs.3,000.00 Rs.2,700.00 Rs.2,300.00

News Paper Rs. 250.00 Rs. 250.00 Rs. 250.00 Rs. 250.00

Cleaning Materials Rs.600.00 Rs.600.00 Rs.600.00 Rs.600.00

Business Development Expenses Rs.300.00 Rs.300.00 Rs.300.00 Rs.300.00

Medical Aid Rs.450.00 Rs.450.00 Rs.450.00 Rs.450.00

Total Rs.11,800.00 Rs. 9,900.00 Rs.9,400.00 Rs.6,700.00

Perks and Facilities Components of Bank PO:

Banks Leased Housing Accommodation, Travelling Allowance, News Paper, Cleaning Materials, Business Development Expenses, Medical Aids etc.

SCALES of Probationary Officers:

JMGS-I - Rs.14, 500/- TO Rs.31, 500/-@
MMGS-II - Rs.19, 400/- TO Rs.34, 200/-@
MMGS-III - Rs.25, 700/- TO Rs.35, 100/-@

At Including two additional stagnation increments

SMGS-IV - Rs.30, 600/- TO Rs.36, 200/-
SMGS-V - Rs.36, 200/- TO Rs.40, 400/-

TEG-VI - Rs.42,000/- TO Rs.46,800/-
TEG-VII - Rs.46,800/- TO Rs.52,000/-

Dearness Allowance

For every 4 points rise/fall in index, Dearness Allowance at 0.15% per slab.

City Compensatary Allowance

CCA rates are as under:

Places in Area I - 4% of Basic Pay, Max. Rs.540/-p.m.
Places with population of more than 5 lacs - 3% of Basic Pay,
Max. Rs.375/-p.m.

House Rent Allowance

The existing rates of HRA as under:
Major A class cities - 8.5%
Other places in Area I - 7.5%
Other places - 6.5%

Medical Aid

For officers other than SBI, the medical aid has been enhanced as;
Scale I to III – Rs. 5100/- p.a.
Scale IV & above - Rs. 6320/- p.a.