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January 15th, 2016, 06:13 PM
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Join Date: Mar 2012
Re: Bank of Baroda Salary For PO

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

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 is 33.70% of the Basic Pay.
DA can go up with higher inflation and also come down if the inflation rate is in negative.


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

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.

CCA : This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3%(Maximum Rs.600/-) or 0%


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