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.
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.
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
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 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)
| In case of Workmen Employees HRA is payable as under | |
|---|---|
| 45 lacs & above HRA will be paid at 10% | Surat, Pune |
| 12 to 45 lacs HRA will be paid at 9% | Vijayawada, Rajkot, Faridabad, Srinagar, Kannur, Trivandrum, Mallapuram, Thrissur, Kozhikode, Jabalpur, Vasai-Virar, Nasik, Allahabad, Meerut, Ghaziabad, Asansol |
| 5 to 12 lacs HRA will be paid at 7.5% | Nellore, Kollam, Gulbarga, Ujain, Nanded Waghala, Malegaon, Sangli, Erode, Noida, Saharanpur, Firozabad, Jhansi, Siliguri. |
| In case of Officers HRA is payable as under | |
| i) | 9 % of Pay |
| ii) | Other places in Area I, and Project Area Centres in Group B 8% of Pay and State of Goa |
| iii) | Other places 7% of Pay |
| Basic Pay | Special Allowance @7.75% | Dearness Allowance | Gross 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 payable | Gross monthly salary if Place of Posting at where HRA @7% & CCA @3% are payable | Gross monthly salary if Place of Posting at Other Places where HRA @7% is payable | Deduction towards NPS (Deatiled Scheme) (National Pension Scheme i.e. 10% of (Basic Pay + DA) Please note that Bank also contribute Matching amount to your NPS account |
|---|---|---|---|---|---|---|---|
| 23700 | 1837 | 12207 | 40824 | 40587 | 40113 | 39402 | 3503 |
| Joining Bank as | Basic Pay | Special Allowance @7.75% | Dearness Allowance | Gross monthly salary if Place of Posting at where HRA @ 10% payable | Gross monthly salary if Place of Posting where HRA @ 9% payable | Gross monthly salary if Place of Posting at Places HRA @ 7.5% payable | Deduction towards NPS (Detailed Scheme) (National Pension Scheme i.e. 10% of (Basic Pay + DA) Please note that Bank also contribute Matching amount to your NPS account |
|---|---|---|---|---|---|---|---|
| Clerk (Not Gradauate) | 11765 | 912 | 6060 | 19913 | 19795 | 19619 | 1739 |
| Clerk (Gradauate) | 13075 | 1013 | 6734 | 22130 | 21999 | 21803 | 1932 |
| Peon (Subordinate Cadre) | 9560 | 741 | 4924 | 16181 | 16085 | 15942 | 1413 |