| Bank Officers' Starting Salary under latest wage settlement |
| Details |
Officer scale I |
Officer scale II |
Officer scale III |
Officer scale IV |
| Basic Pay |
23700 | 31705 | 42020 | 50030 |
| Special Pay |
1837 | 2457 | 3257 | 5003 |
| Dearness Allowance(May 2016 42.00%) |
10725 | 14348 | 19016 | 23114 |
| House Rent Allowance(I) |
2133 | 2853 | 3782 | 4503 |
| Or House Rent Allowance(II) |
1896 | 2536 | 3362 | 4002 |
| Or House Rent Allowance(III) |
1659 | 2219 | 2941 | 3502 |
| Gross Salary(HRA I Center) |
38395 | 51363 | 68075 | 82650 |
| Or Gross Salary (HRA II Center) |
38158 | 51046 | 67655 | 82149 |
| Or Gross Salary (HRA III Center) |
37921 | 50729 | 67234 | 81649 |
| House Rent Allowance depends on place of posting |
| HRA I : Major A Class Cities and Project Area Centres in Group A 9.00% of Pay |
| HRA II : Other places in Area I and Project Area Centres in Group B and Statevof Goa 8.00% of Pay |
| HRA III : Other places 7.00% of Pay |
| Add to the Gross Salary :City Compensatory Allownce as follows : |
| CCA (I) Places in Area 1 and in the State of Goa 4% of Basic Pay Maximum : Rs.870/- p.m |
| CCA(II) Places with population of five lakhs and
over and State Capitals and Chandigarh,
Puducherry and Port Blair
3% of Basic Pay Maximum :Rs.600/- p.m. |
| Dearness Allowance varies quarterly with every rise or fall of four points 0ver 4440 points in the "All India Average Working
Class Consumer Price Index (General) Base 1960=100". |
| Though Public Sector Banks and most of the old private sector banks follow the Salary Structure ,some banks follow a different Salary Structure.Before taking any decision ,confirm the salary and service conditions from respective banks. |
| Apart from the above major components of salary ,you are eligible at the time of joining bank depending on qualification and place of posting :**Professional Qualification Pay (PQP) 2.Hill and Fuel Allowance 3. Project Area Allowance . 4.Split Duty Allowance etc etc(Follow the link for details ) . |
| To know details of the banks and salary structure ,follow the link given below . |
| Wage Settlement for Bank Officers-Joint Note Dated May 25,2015. |