Bank Of Baroda PO Salary And Perks

What are the perks and allowance offer by the Bank Of Baroda to its PO officer for that will you please get the information?

Don’t worry buddy I will tell you the details about perks and allowance offer by the Bank Of Baroda to its PO officer so that you can have idea about them.

Perks and Facilities Components: Bank Leased Housing Accommodation, Travelling Allowance, News Paper, Cleaning Materials, Business Development Expenses, Medical Aids etc.

Above mentioned facilities are based on a single bank and varies from others. But all most banks are providing same. The Salary is mandatory as per settlements but perk and facilities can be enhanced by particular bank. Like some banks are providing unlimited self medical expenses up to ceiling of 90% of expense, for furniture Rs. 70,000 on every ten years, lunch allowance etc.

Here is the tentative pay scale of 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

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

Major A class cities - 8.5%

Other places in Area I - 7.5%

Other places - 6.5%

MEDICAL AID –

Scale I to III – Rs. 5100/- p.a.

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

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Answered By StudyChaCha Member