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Salary Structure on Recruitment of Employees in Public Sector Banks (with updated dearness allowance which revises every quarterly)

Public Sector banks in India are facing a huge shortage of employees due to two main reasons:

Apart from the above mentioned reasons, the banks have been ordered by Ministry of Finance, Government of India to open branches in the under banked areas.

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Role of IBPS in Recruitment of Employees for Public Sector Banks

IBPS had introduced the concept of Common Written Exams (CWE) for Selection of Clerks, Probationary Officers and Specialist Officers. The Successful candidates in the CWE are issued scorecards based on their performance in the IBPS exam. The scorecard is mandatory to apply for Jobs in Public Sector banks.

Salary Structure on recruitment as

Probationary Officer

Pay scale : 23700 - 980/7 - 30560 - 1145/2 - 32850 - 1310/7 42020

A newly (fresh) recruited Probationary Officer's initial basic pay is Rs. 14500/ and your first salary will be

(23700/-(basic pay) + prevailing Dearness allowance (revises quarterly) + House Rent Allowance (applicable as per area of place of posting) + City Compensatory Allowance (applicable as per area of place of posting). Please see the table hereunder for Gross Salary on Appointment Click Here for details Bank Officers Wage Settlements / Fitment of pay & more details of perks and facilities.


A person joins as Probationary Officers is eligible for availing facility of Rent Free Accommodation/Residence Facility or to draw HRA. The entitlement of monthly rent payable is different from Bank to Bank and area to area of place of posting. A recovery of 0.75% of the first stage of the scale of pay is recovered from the salary of Probationary officer who avails Rent Free Accommodation/Residence Facility. Clerk

Scales of pay :- 11765 - 655/3 -815/3 -980/3 -1145/7 -2120 -1310/1- 31540 - 1310 x 8 = 42,020

A newly (fresh) recruited clerk: If you are not graduate your initial basic pay is Rs. 11765/- and your first gross salary will be( 11765 (basic pay) + prevailing Dearness allowance (revises quarterly) + House Rent Allowance (applicable as per area of place of posting)

If you are joining the Bank as clerk and you are graduate two advance increment of Rs. 655/- each are given to you. Your initial basic pay will be Rs. 13075/- and will draw your first gross salary will be(13075- (basic pay) + prevailing Dearness allowance (revises quarterly) + House Rent Allowance (applicable as per area of place of posting). Please see the table hereunder

Click Here for details Bank Employees Wage Settlements / Fitment of pay & more Subordinate Staff

9560 - 325/4 - 410 /5 - 490/4 - 570/3 - 655/3 - 18545 - 655 x 8 = 23785

A newly (fresh) recruited person in Subordinate cadre is:

Your initial basic pay will be Rs. 9560/- and will draw your first salary ( 9560/- + prevailing Dearness allowance (revises quarterly) + House Rent Allowance (applicable as per area of place of posting)

Gross Monthly Salary payable to Probationary Officer on recruitment in Bank. Please see the table hereunder.

The case referred hereunder is of an officer drawing HRA and not availing rent free accommodation facility. The details of Rate of HRA payable at different places is tabled hereunder

DA Slab payable for the Quarter Nov. 2016 to Jan 2017 = 478

Basic PaySpecial Allowance @7.75%Dearness AllowanceGross monthly salary if Place of Posting at Major A class Cites (HRA @9% & CCA @4%)Gross monthly salary if Place of Posting at HRA @8% & CCA @4% are payableGross monthly salary if Place of Posting at where HRA @7% & CCA @3% are payableGross monthly salary if Place of Posting at Other Places where HRA @7% is payableDeduction towards NPS (Deatiled Scheme) (New Pension Scheme i.e. 10% of (Basic Pay + DA) Please note that Bank also contribute Matching amount to your NPS account
23700183712207408244058740113394023503

Click Here to visit for Salient Features Salary Revision of Bank Employees dated 25.05.15

Gross Monthly Salary payable to Clerk & Peon on recruitment in Bank













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