The bank with its pan India presence, Corporation Bank is headquartered in Mangalore India. Corporation Bank is a public sector bank with its 3,200 branches The bank was founded 109 years back in 1906 in Udupi.

Typical Salary Structure of a Bank Clerk - Entry Level (Indicative)

Places with population Places with population Places with Other Places
of more than 45 lakhs of more than 12 lakhs population 5 lakh
and above, State
Capitals/UT etc

Basic Pay 7200.00 7200.00 7200.00 7200.00

Dearness
Allowance 6922.80 6922.80 6922.80 6922.80

HRA - 10 ;
9%; 7.5%,7% 720.00 648.00 540.00 504.00

Total Salary
(including HRA )14842.80 14770.80 14662.80 14626.80


Bank Clerk Salary after Revision in 10th bipartite settlement:

1. If IBA agree for 20% increment, Final Basic Pay will be Rs.15,374.So, one get total 38.80% of DA & HRA on Basic Pay.
So, total Gross Salary of Bank fresher Clerk will be Rs.21,339/- (Worst Possible Scenario)

2. If IBA agree for 25% increment, Final Basic Pay will be Rs.16,015.So, total Gross Salary of Bank fresher Clerk will be Rs.22,228/- (Somewhat Good)

3. If IBA agree for 30% increment, Final Basic Pay will be Rs.16,655. So, total Gross Salary of Bank fresher Clerk will be Rs.23,117/- (Good Settlement)


New Salary after Revision:

1. Bank PO Salary after revision will be anywhere between Rs.38,678 to Rs.41,899

2. Bank Clerk Salary after revision will be anywhere between Rs.21,339 to Rs.23,117