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Old November 17th, 2017, 04:23 PM
Default HRA In SBI

I want to know the Housing Allowance (HRA) in State bank of India SBI so will you please tell me?
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Old November 17th, 2017, 04:54 PM
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Join Date: May 2011
Default Re: HRA In SBI

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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