Perks Of Bank Of India PO

I want join banking line and for this I am planning to join banks in India for the post of PO searching for salary details. Can you please provide me details about the Perks Of Bank Of India for the post of PO for different scales also provide me details about other perks offered?

PSU banks salary followed by job guarantee and life time pension facility, where private banks paying more but there are 25 % employee retrenchment every year and no one is reaching at pension provision.

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.

List of Banks to Bipartite Settlement

1. Allahabad Bank

2. Andhra Bank

3. Bank of Baroda

4. Bank of India

5. Bank of Maharashtra

6. Canara Bank

7. Central Bank of India

8. Corporation Bank

9. Dena Bank

10. Indian Bank

11. Indian Overseas Bank

12. Oriental Bank of Commerce

13. Punjab & Sind Bank

14. Punjab National Bank

15. Syndicate Bank

16. UCO Bank

17. Union Bank of India

18. United Bank of India

19. Vijaya Bank

20. State Bank of India

21. State Bank of Bikaner & Jaipur

22. State Bank of Hyderabad

23. State Bank of Indore

24. State Bank of Mysore

25. State Bank of Patiala

26. State Bank of Travancore

27. Bank of Rajasthan Ltd.

28. The Catholic Syrian Bank Ltd.

29. The Dhanalakshmi Bank Ltd.

30. The Federal Bank Ltd.

31. ING Vysya Bank Ltd

32. The Jammu & Kashmir Bank Ltd.

33. The Karnataka Bank Ltd.

34. The Karur Vysya Bank Ltd.

35. The Lakshmi Vilas Bank Ltd.

36. The Nainital Bank Ltd.

37. The Ratnakar Bank Ltd.

38. The South Indian Bank Ltd.

39. The Royal Bank of Scotland N.V.

40. Bank of America N.A.

41. The Bank of Tokyo-Mitsubishi UFJ, Ltd.

42. BNP Paribas

43. Citibank, N.A.

44. The Hongkong & Shanghai Banking Corporation Ltd.

45. Sonali Bank

46. Standard Chartered Bank

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Answered By StudyChaCha Member