HRA In SBI

I want to know the Housing Allowance (HRA) in State bank of India SBI so will you please tell me?

Housing Allowance (HRA) compensation includes leased rental accommodation where the employees get housing rent as a part of their package. If due to some reasons, SBI isn’t able to provide accommodation to its PO, it compensates by providing a housing allowance.

The nature of this allowance becomes more prominent as the employee moves up the career ladder.

SBI PO House Rental Allowance:-

(population 45 lacs and above>>HRA will be paid at 10%, 12 to 45 lacs>>HRA will be paid at 9%; 5 to 12 lacs>>HRA will be paid at 7.5%)

eg Delhi ==> 10% of Basic Pay i.e 2762/-

SBI PO Pay scale-

Basic Pay- 23700+ 4X980(for additional increments in SBI)=27620

Dearness Allowance- 36.40%(presently) of Basic Pay =10832 (**the resultant amount is a bit higher as you can see due to some additional loading)

Special Allowance-7.75% of Basic Pay=2140

City Compensatory Allowance (in big cities n metros)- 880 max.

Major A Class Cities* Area - I* Other Areas

Basic Pay 23700 23700 23700
Special Allowance 1836.75 1836.75 1836.75
DA 12,206.69 12,206.69 12,206.69
CCA 870 600
Transport Allowance 0 0 0

Total (without HRA) 38,613.54 38,343.54 37,743.54

HRA 2133 1896 1659

Gross with HRA 40,746.54 40,239.54 39,402.54

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Answered By StudyChaCha Member