Salary and Other facilities to Bank PO

JOB PUBLISHED BY BHARTI DK GOEL FOR ALLBANKJOBS.BLOGSPOT.COM

The salary in all Public Sector Banks/ Nationalised banks are same, but facilities may differs like medical, Leased House Rent, Travelling Expenses and other allowances. The SBI providing two increments at joining time. The sample indicative salary of nationalized bank is given below as per present norms:

Bank PO Salary at Joining Time (as on 01.9.2011)

Bank PO Salary at Joining Time
Salary	Major A class cities : Metro Cities	Other places in Area I(State Capitals etc)	Other places (District level and Rural Places)
Basic Salary	Rs.14500.00	Rs.14500.00	Rs.14500.00
Dearness Allowance (54%)	Rs.7830.00	Rs.7830.00	Rs.7830.00
CCA(4% max Rs.540=)	Rs. 540.00	Rs.375.00	nil
HRA (Major A class cities - 8.5%, Other places in Area I -7.5%, Other places - 6.5%)	Rs.1232.50	Rs.1087.50	Rs.942.50
Total	Rs.24,102.50	Rs. 23,792.50	Rs.23,272.50

*Lease House rent is Different Bank to Bank depanding on Place of posting.

Perks and Facilities Components: Banks Leased Housing Accommodation, Travelling Allowance, News Paper, Cleaning Materials, Business Development Expenses, Medical Aids etc.

Above mentioned facilities are based on a single bank and varies from others. But all most banks are providing same. The Salary is mandatory as per settlements but perk and facilities can be enhanced by particular bank. Like some banks are providing unlimited self medical expenses up to ceiling of 90% of expense, for furniture Rs. 70,000(Amount different Bank to Bank) on every ten years, lunch allowance etc.

SCALES of Bank PO

JMGS-I - Rs.14, 500/-    TO Rs.31,500/-

MMGS-II - Rs.19, 400/-  TO Rs.34,200/-

MMGS-III - Rs.25, 700/- TO Rs.35,100/-

SMGS-IV - Rs.30, 600/-  TO Rs.36,200/-

SMGS-V - Rs.36, 200/-   TO Rs.40,400/-

TEG-VI - Rs.42,000/-     TO Rs.46,800/-

TEG-VII - Rs.46,800/-    TO Rs.52,000/- 

For more Information , Please read Bank officers wage rivision and article on Banking.

Source of information : Bankingonly