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August 12th, 2016, 02:36 PM
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Join Date: Mar 2012
Re: Salary Of PO In Central Bank Of India

As you looking for the pay scale of probationary officer offer by Central Bank Of India here I will get details so that you can have idea.

Here is the tentative pay scale

Corresponding Basic 26705
Corresponding Revised DA % (33.1) 8839.36
Corresponding HRA % (7.475) 1996.2
Corresponding Gross Salary 37541
Corresponding Revised NPS Contribution 3554.44
Corresponding Revised Net Salary 33986

Other Allowance
(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 May 2016, June 2016 and July 2016 is 41.90% 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%

Perks
(a) Leased Accommodation : At some stations, some banks may offer official bank accommodation / bank quarters in lieu of leased accommodation.

The lease amount vary from bank to bank and place of postings.

(b) Travelling Allowance : Some banks allow fixed Travelling Allowance whereas others allow reimbursement of petrol bills i.e. officer must own scooter / car at the place of posting

(c) Newspaper Reimbursement : A fixed monthly amount is paid towards the cost of one newspaper

(d) Medical Aid : A fixed annual amount is paid by most of the banks (Revised amount is Rs8000/- p.a.)

(e) Coverage under New Pension Scheme

Address:-
Central Bank Of India
Chander Mukhi, Nariman Point
Mumbai – 400 021

Phone:-
022 – 6638 7777


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