May 24, 2015

What will be the Salary of Newly Joined Bank Officer (PO) from June 2015?

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Salary of Newly Joined Bank Officer (PO) from June 2015 Onward:



After 10th Bipartite Settlement Bank officer salary has been revised and it has been effective from November 2012. 10th Bipartite  settled with IBA at 15% of basic.

Indicative salary has been as per the table mentioned below:

Newly joining bank officer at scale I or Probationary Officer (PO) would get the revised salary from June onwards.

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Special Allowance/Pay
  • For Officer Scale I,II,II:  @ 7.75 % + DA @ 33.70% 
  • For Officer Scale IV & V: @ 10 % + DA @ 33.70%
  • For Officer Scale VI & VII: 11 % + DA @ 33.70%
City Compensatory Allowance (CCA) : 
  • Lower CCA  – 3% Maximum of Rs.600/- 
  • Higher CCA – 4% Maximum of Rs.870/-