Is Furniture Allowance offered to Probationary Officer PO of Bank of Baroda in the residence? tell me the perks and the other allowance offered to this post? Also tell me the average salary structure of Probationary Officer PO in Bank of Baroda?

As per my knowledge, there is no province for Furniture Allowance for the Clerk Post in Bank of Baroda which makes its recruitments through IBPS (Institute of Banking Personnel Selection).


IBPS Clerk Salary

The IBPS Clerk Salary is the sum of the Basic Pay and other allowances.

The IBPS Clerk pay scale is: 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.

The minimum Basic Pay for IBPS Clerk is
Rs 11,765 while the maximum is Rs 31540

Initial Basic Pay –
Rs 11765 with a yearly increment of Rs 655 for three years

Basic Pay after 3 years –
Rs 13730 and yearly increment of Rs 815 for the next three years

Basic Pay after the next 3 years –
Rs 16175 and yearly increment of Rs 980 for the next four years

Basic Pay after the next 4 years –
Rs 20095 and yearly increment of Rs 1145 for the next 7 years

Basic Pay after next 7 years –
Rs 28110 and yearly increment of Rs 2120 for next one year

Basic Pay after next 1 year –
Rs 30230 and yearly increment of Rs 1310 for next one year

Basic Pay after next year –
Rs 31540 (maximum Basic Pay)


IBPS Clerk Salary: Other Allowances

In addition to the Basic Pay, IBPS Clerks are entitled to other allowances which are calculated based on the location of posting and other factors. The different allowances are tabulated below:

Special Allowance
Initially, the Special Allowance is 7.5% of the Basic Pay. After completing one year of service, Special Allowance will be increased by Rs 400 to Rs 500.

Dearness Allowance (DA)
This component is 4% of the IBPS Clerk Basic Pay. DA depends on the CPI and is revised quarterly, i.e. after every three months.

House Rent Allowance (HRA)
The HRA depends on the location of the posting. It will be 8.5% of the Basic Pay for Metro Cities, 7.5% of the Basic Pay for cities having a population of more than 5 lakhs, and 6.5% of the Basic Pay for other cities.

Travel Allowance
Expenses on official tours and travels will be reimbursed by the bank.

Medical Allowance
This is paid once a year. For IBPS Clerks, the amount is fixed at Rs 2000.