Hello sir I am here as I want to know the Salary and Allowances of PO of Central Bank of India so will you please tell me about this to me??

Hey!!! As wage revision (10th Bipartite Settlement) settled at 15 % hike. So, following would be the new pay structure of newly joined Probationary Officer (PO) Salary and the officer who are in first year of Probation period in Central Bank of India


Present Hike 15%

Current Basic 14500

Current DA % 109.8 15921

Current HRA % 6.5 942.5

Current Gross Salary 31364

Current NPS Contribution 3042.1

Current Net Salary 28321

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


Allowances

-Dearness Allowance (DA) –
It is a cost of living adjustment allowance paid to all govt and public sector Probationary officers. It is revised on a quarterly basis and based on Consumer Price Index (CPI). Calculation of DA depends on inflation. DA can go up with higher inflation and also come down if the inflation rate is in negative.

-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
.
-Special Allowance –
This will add in 10th BPS (wef 01/11/2012) and for Scale, I is 7.75% on which DA is also payable

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

-Conveyance allowance – It is pay for commuting between home and office.