Salary Of Bank Po In Corporation Bank

Hi buddy as I am thinking to appear in Corporation Bank Probationary Officer (PO) recruitment exam , so here I have come to get salary info after clear this exam??

As you asking here I am telling Salary info of Corporation Bank Probationary Officer (PO)

Present Hike 15% Corresponding Basic 26705

Current Basic 14500

Current DA % 109.8 15921 Corresponding Revised DA % (33.1) 8839.36

Current HRA % 6.5 942.5 Corresponding HRA % (7.475) 1996.2

Current Gross Salary 31364 Corresponding Gross Salary 37541

Current NPS Contribution 3042.1 Corresponding Revised NPS Contribution 3554.44
Current Net Salary 28321 Corresponding Revised Net Salary 33986

The revised basic pay has been derived by merging 60.15 % of DA in to current Basic

Pay and then adding your expected hike on the whole amount (Current basic+60.15% of current basic)

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/-@

@including two additional stagnation increments

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/-

DEARNESS ALLOWANCE

For every 4 points rise/fall in index, Dearness Allowance at 0.15% per slab.

CITY COMPENSATARY ALLOWANCE

CCA rates are as under:

Places in Area I - 4% of Basic Pay, Max. Rs.540/-p.m.

Places with population of more than 5 lacs - 3% of Basic Pay,

Max. Rs.375/-p.m.

HOUSE RENT ALLOWANCE

We have retained the existing rate of HRA as under:

Major A class cities - 8.5%

Other places in Area I - 7.5%

Other places - 6.5%

MEDICAL AID –

For officers other than SBI, the medical aid has been enhanced as;

Scale I to III – Rs. 5100/- p.a.

Scale IV & above - Rs. 6320/- p.a.

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Answered By StudyChaCha Member