In this article you are going to know the salary you are going to get once you are selected as Banking Officer , Clerk , Specialist Officers or Assistant. Latest Salary Structure of Banks in India. This is paid over and above basic salary. Dearness Allowance (DA): As per the latest CPI released by the gov. The present rate of HRA is 10% or 9% or 7.5% depending on the place of posting and City Compensatory Allowance, i.e. In SBI there is a provision of four additional increments for Probationary Officers at the time of joining hence the salary of SBI PO is around 6000 more as compared to PO from other nationalized banks. So you can expect an upward increase in salary by atleast 10%. One searching for IBPS Specialist Officer Salary over internet can refer IBPS SO Salary Scale for IT Officer & others as per Pay 7th CPC. Salary of NABARD Grade B (Manager) Basic Pay - 35150/- p.m. within the scale of 35150 - 1750 (9) - 50900 - EB - 1750(2) - 54400 - 2000 (4) - 62400. Get details of PNB Specialist Officer Job Profile depending upon the field specialization? Salary: For Scale 1 Officer-14500- 600/ 7- 18700- 700/ 2- 20100- 800/ 7- 25700. It forms the largest chunk of the salary and is taxable under Section 17 of Income tax act. 23,700/-. CCA is 4%, 3% or 0% depending on the place of posting. 31705/- and after one year, he/she will get an increment of Rs 1145 and when the Basic Pay reaches Rs. 32850. Only then you can excel in your work to attain promotions. If you are the one who are going to apply for Institute of Banking Personnel Selection (IBPS) Officer Scale - 1, 2, 3 or Office Assistant vacancies and looking for the details of IBPS RRB Salary 2019 then you are at right place. 33,000 31705-1145/1-32850-1310/10-45950. the DA is INR 4272.08. You can see the DA variation on IBA website by clicking here. Total starting emoluments are approximately INR 64600/- per month inclusive of DA and HRA at the current rate. Check here GDS Salary-in-Hand, Pay Scale and job profile of Gramin Dak Sevak. 23,700 but after 7 years it gets … That is, a MMGS-II will have a basic pay of Rs. candidates should not have been born earlier than 03-07-1980 and later than 30-06-1999 (both dates inclusive). Rs 29,000 - Rs 33,000. 4,130). Know how to apply for PNB Specialist Officer Examination. Getting a government bank job is a dream of the majority of individuals, the main reason behind that is job security and a good salary package. 42020/-. 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. Bank Clerks get fair chances of promotion. If living in a metro(Delhi, Mumbai, Kolkata or Chennai), then 50% of basic salary, Basic Pay: The basic pay for PO is same irrespective of the city of appointment. 10 lacs and this gradually increases over a period of time. Union Bank of India pays its employees an average of ₹662,098 a year. EPF(Employee Provident Fund) and HRA are linked to Basic Salary. Scale INR 8040-410(3)-9270-500(4)-11270-550(4)-13470-650(3)-15420-720(1)-16140- 990(4)-20100(20 years), Scale INR 6350-220(4)-7230-260(3)-8010-300(3)-8910-400(2)-9710-500(4)-11710-680(3)-13750(20 years), On popular demand and as a gesture to thank you all for […], CAT 2020 Analysis – Slot 1: CAT 2020 had total of 76 questions with 26 questions […]. 5 lacs to Rs. . Bank PO Salary 2020 - For aspirants seeking jobs in the banking sector, PO (Probationary Officer) is the most sought-after job with fruitful career growth options. Does the RBI Grade B Salary drive you to prepare for the upcoming Officer cadre exam?? IBPS RRB Job Profile of PO . When a candidate is appointed for the post of IBPS RRB PO he/she undergoes a training or is under probation of 2 years. SBI PO Salary 2020: Here we are providing salary structure and allowances offered to Probationary Officers (PO) in the State Bank of India. Rs. Now a days Banking jobs are one of the most popular jobs in India. In-Hand Salary - At present, initial monthly Gross emoluments stands at approximately Rs.73600/- p.m. Allowances - Same as Assistant Manager but the amount of compensation is higher. Officers are eligible to get reimbursements of medical charges as per eligibility and get some of the dispensary facilities. Rs. According to Income Tax Act, Section 10 (13A) and Rule 2A of the Income tax rules, the employee is exempted from paying tax on HRA. The candidates who qualify the RBI Grade B exam are offered a starting basic pay of Rs. Some locations include the quarter facilities for the newly recruited officers but it is purely subject to availability. Besides the basic pay, candidates are also entitled to various allowances & other perks. IBPS SO Gross salary is minimum 38000 to 39000 Check the information for further details HRA: This is paid @ 10% or 9% or 7.5% depending on the place of posting. The salary structure of Officer Scale III is in the range of Rs. © 2014-2020 Careeranna Education Pvt Ltd. Actual house rent allowance received from the employer. 32850, he will be eligible to get an increment of Rs 1310 for further 10 years till his basic reaches Rs. Various Components . PNB Specialist Officer Scale I Basic Pay is Rs.23,700/-. Rs 15000 - Rs 19000. These include Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Transport Allowance etc., which are revised from time to time during settlements and are also eligible for reimbursements like Newspapers, Cleaning, Furniture (as per eligibility), Group Personal Accident Insurance and LTC etc. Special Allowance: For scale I it is paid @ rate of 7.75%, Perquisites (Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. Then he/she will be eligible to get an increment of Rs. Before knowing about the SBI PO salary in-hand and other details, go through the job role. Latest Salary Structure of Banks in India. 45,000/- Emoluments: Including dearness allowance, local allowance, house rent allowance, family allowance and grade allowance initial monthly gross emoluments are approximately Rs 53,888. The salary pay scale as mentioned is exclusive of DA, CCA, HTA, Allowances. PNB Specialist Officer Gross Salary ranges from Rs.37,000/- to Rs.39,000/-. The consolidated information presented in the article will enable you to have all the information at one place about Latest Salary Structure of Banks in India, which otherwise is spread across. Likewise, he/she will get 7 such increments and when the Basic Pay reaches Rs. 23700-980x7/30560-1145x2/32850-1310x7/42020. A Probationary officer is an Assistant Manager of Scale I in the bank. 2. 37000. They get the pay scale of Rs 138,808 – Rs 375,517 per annum. Basic Pay: The basic pay for clerk is same irrespective of the city of appointment. This is explained in the table in a clear manner. 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020. 2. and POs are covered by the NPS scheme by NSDL and have the benefit of gratuity. 29000 to 33000. The Bank Professional 3/2/1 salary scales represent professional, supervisory and middle management levels and finally the Head of Function, Head of Division and Director salary scales represent the senior management levels. Now let us have a look at that detailed Latest Salary Structure in Banks, depending on the profile one is into. 48800/- is the basic pay per month, including dearness allowance and HRA. (b) House Rent Allowance (HRA) : House Rent allowance is given to the employee to meet the rental expenses for his/ her accommodation. Basic Pay or Basic Salary: Basic Salary is the amount which an organisation pays to an employee before any allowances are added or taken off. 11765-655(3)-13730-815(3)-16175-980(4)-20095-1145(7)-28110-2120(1)-30230-1310(1)-31540. Overall Salary depends on the city you live , salary given below is an approximate figure for a new joinee. It is. For Officer Scale- III: Above 21 years – Below 40 years i.e. (c) Special Allowance : Special Allowance is sometimes referred to as performance bonus. 1310 for further period of 7 years till his/her salary reached Rs. 23700/- and after one year, he/she will get an increment of Rs 980. Middle Management Grade Scale 2 Officer Pay Scale - INR 19400+ (700x1) - 20100+ (800x10) – 28100/- In Hand Salary – INR 34,000-40,000 per month. At present, the gross is around Rs.43000 and in hand is around Rs. The designation waiting for the Bank clerks after promotion is the Officers. Salaries at Union Bank of India range from an average of ₹381,347 to ₹1,085,687 a year. IBPS RRB Officer Scale-I is a position for the post of Manager Trainee in the Regional Rural Banks or Gramin Bank. The salary of Bank Clerk is pretty attractive. 45950. Most common types of allowances for Banks and other PSUs are as follows: (a) Dearness Allowance (DA) : It a cost of living adjustment allowance paid to Government and Public sector employess (PSU). Punjab National Bank Specialist Officer Salary Structure details available here. Allowances are usually calculated as a percentage of basic salary. In banks it is revised on a quarterly basis (i.e.every three months) based on the Consumer Price Index (CPI) which decides the inflation of the quarter. Sign up for careeranna blog updates to get the latest in guidance and inspiration as you discover You can read about Bank of India SO Recruitment 2017: Exam Dates, Notification, Eligibility from the link below, You can apply online for the Bank of India SO Recruitment 2017 from the link below, SBI Clerk Cut Off 2020: State Wise & Category Wise SBI Clerk Prelims & Mains Cut Off Marks, IBPS PO Re-Exam Admit Card 2020 Released, Check IBPS PO Prelims Re-Exam Admit Card Download Link, IBPS RRB PO Prelims Re-Exam Admit Card 2020: Download RRB Officer Scale 1 Call Letter, Bank of India SO Recruitment 2017: Exam Dates, Notification, Eligibility, Apply online for Bank of India SO Recruitment 2017. 37000. The pay scale of MMGS-II as mentioned in the notification is 31705-1145/1- 32850-1310/10 – 45950 and for JMGS-I is Rs.