Salary structure of BANK PO & CLERK

As we are getting lots of queries regarding salary of Probationary Officer and Clerk, Here we are posting a post on this. Read on..

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

Particulars	Monthly	Annually
Basic	14500	174000
DA	8722	104661
HRA*	0	0
CCA	540	6480
MedicalAid		5100
Entertainment		4600
House Maintnce	300	3600
Books/Newsprs		2800
Petrol	2000	24000
Canteen Subsidy	250	3000
Pension	-2322	-27866
Rent Dedn	-300	-3600
Taxable Salary	23690	300375
Less Tax	771	9251
In Hand Salary	22919	291124.02
House Lease#	8000	96000
Bank's Pension share	2322	27866
CTC	452107	4.5 Lac per Anum

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

	Places with population	Places with population	Places with population	Other Places
	of more than 45 lakhs	of more than 12 lakhs	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

What will be revised salary after 10th Bipartite settlement.

So here we are providing a brief analysis of the salary structure:

Bank Probationary Officer Salary after Revision in 10^th bipartite settlement:

We are expecting minimum 20% increment to this basic pay, but we can expect 25% increment to this basic pay.

1.    If IBA agree for 20% increment, Final Basic Pay will be Rs.27,866. From August 2013, DA is 88.95%. After merging 60.15 with basic, remaining 28.80% DA will be there. We can expect minimum 10% HRA after revision. So, you get total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) will be Rs.38,678/- (Worst Possible Scenario)

2.    If IBA agree for 25% increment, Final Basic Pay will be Rs.29,026. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) will be Rs.40,288/- (Somewhat Good)

3.    If IBA agree for 30% increment, Final Basic Pay will be Rs.30,187. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Probationary Officer (PO) will be Rs.41,899/- (Good Settlement)

Bank Clerk Salary after Revision in 10^th bipartite settlement:

We are expecting minimum 20% increment to this basic pay. At most we get 25% increment.

1.    If IBA agree for 20% increment, Final Basic Pay will be Rs.15,374. From August 2013, DA is 88.95%. After merging 60.15 with basic, remaining 28.80% DA will be there. We can expect minimum 10% HRA after revision. So, you 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. Total 38.80% of DA & HRA on Basic Pay. 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. Total 38.80% of DA & HRA on Basic Pay. So, total Gross Salary of Bank fresher Clerk will be Rs.23,117/- (Good Settlement)

So 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