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June 24th, 2016, 05:52 PM
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Central Bank Of India Salary Of PO

I want to do job of Probationary Officer PO in Central Bank Of India so can you please tell me the salary of PO?

Salary of Probationary Officers in most of the public banks is same. All that differs are their allowances.

A PO initially gets a Basic Pay of Rs 14,500/- per month in the scale of pay of Rs. 14500-600/7-18700-700/2-20100-800/7-25700 with suitable Dearness Allowance.

PO Salary in Central Bank Of India

New Salary of PO after Wage Revision in Central Bank of India
Present Hike 15% Corresponding Basic 26705
Current Basic 14500
Current DA % 109.8 15921 Corresponding Revised DA % (33.1) 8839.36
Current HRA % 6.5 942.5 Corresponding HRA % (7.475) 1996.2
Current Gross Salary 31364 Corresponding Gross Salary 37541
Current NPS Contribution 3042.1 Corresponding Revised
NPS Contribution 3554.44
Current Net Salary 28321 Corresponding Revised Net Salary 33986

All other Allowances and perquisites are paid to POs of Central Bank of India.

Some of the perks given to POs are leased accommodation, travelling allowance, medical allowance and coverage under new pension scheme.

The revised basic pay has been derived by merging 60.15 % of DA in to current Basic Pay and then adding your expected hike on the whole amount (Current basic+60.15% of current basic)

Last edited by Neelurk; June 4th, 2020 at 05:22 PM.
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