What is the salary of PO at State Bank of Patiala?

Bank PO salary structure at State Bank of Patiala

My one of the friend has joined the State Bank of Patiala as probationary officer. He has shared his salary structure as mentioned below.



Component
Amount (Rs.)
Basic
14032.26
DA
9008.71
HRA
912.10
CCA
362.90
Total
24315.97


As joining was on 2nd January. So Basic has been calculated as Rs 14032.26 and not Rs 14500/-. From next fresh month he has been getting basic of  Rs.14500/-

Apart from the Salary components there are provision of other benefits viz. Newspaper Reimbursement, Petrol Reimbursement, etc.

Basic Salary: As the name suggests, this forms the very basis of salary. This is the core of salary, and many other components may be calculated based on this amount. It usually depends on one’s grade within the company’s salary structure.It  is a fixed part of one’s compensation structure. Many allowances and deductions are described in terms of percentage of the Basic Salary. For example  Your PF is deducted at 12% of your Basic Salary. HRA is also defined a percentage of this Basic Salary.
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