2023 2024 EduVark > Education Discussion > Banks Related


  #2  
February 3rd, 2018, 11:40 AM
Super Moderator
 
Join Date: Mar 2012
Re: Salary of PO in Central Bank of India

Probationary Officer (PO) is a starting level post of any officer in a Bank. Selected candidates will get the impressive amount of Pay Scale plus increment which will be offered by organization.

IBPS PO Salary Structure

IBPS PO Salary Details Amount

Basic Pay 23700
Special Allowance 1836.75
DA 10163.63
CCA 870
Transport Allowance –
Total (without HRA) 36570.38
HRA 2133
Gross with HRA 38703.38

Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500
Gross Annual CTC (with HRA but without leased accommodation) 5, 57,640.52

IBPS Bank PO Salary and Allowances

1. Dearness Allowance (DA) – It is a cost of living adjustment allowance paid to all government and public sector Probationary officers. Calculation of DA depends on inflation.
2. HRA – It 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.
3. Special Allowance – It adds in 10th BPS and for Scale, I 7.75% on which DA is also payable
4. CCA – This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%
5. Conveyance allowance – It is paid for commuting between home and office.

Other Benefits and Perks
• Leased Accommodation – It is available to Bank officers instead of HRA.
• Travelling Allowance – Most of the banks give a fixed Traveling Allowance and reimbursement of petrol bills.
• Medical Aid – An amount also attached to medical needs.
• Newspaper Reimbursement: A fixed monthly amount is pay towards the cost of one newspaper
• Coverage under New Pension Scheme


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 03:18 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8