Monday, May 20, 2013

Bank Clerk Salary Structure


Salary Structure of Public Sector Bank Clerks in India


The salary of Bank clerk based on the DA (as on May'2013)

Salary of clerks in most of the Public Sector Banks and some of the Private Banks( who agree to the bipartite settlement of Banks) is same. And last revision in the pay scale has taken place w.e.f November 1,2007.

Almost all the Public Sector Banks place the clerks in the following Pay-scale at the 1st stage of the grade.

Rs. 7200 - (400 * 3) - 8400 - ( 500 * 3) - 9900 - (600 * 4) - 12300 - (700 * 7) - 17200 - (1300 * 1) - 18500 - (800 * 1) - 19300

Initial Basic Pay of a clerk is Rs.7200/-. The figures in the brackets are the annual increment and the number of years they are applicable for. For example. Starting pay is 7200 in May,2013. Annual increment of Rs.400. i.e. in May,2014, basic pay will be 7200+400=7600. This will follow for 3 years. And after 3 years basic pay will be Rs.8400/- with annual increment of 500 for next 3 years and so on.

Other major allowances paid on monthly basis to a bank clerk:

1)  DA (Dearness Allowance): DA in Banks revise on quarterly basis i.e. in the month of February,May,August and November based on CPI as declared by the Government of India. Current DA for the month of May'2013 is 84.15% of the Basic Pay. DA can go up with higher inflation or go down if the inflation is in negative. So DA will be around 84.15% of 7200 = 6058.8

2) HRA (House Rental Allowance) : This depends on the place of posting and it can either be 10%( Metro cities with population more than 45lakhs ) or 9%(population more than 12 lakhs including Goa) or 7.5% (population more than 5lakhs) or 7% (other places).

Total in hand salary including HRA ( if one does not avail leased accommodation) will be around like this:

For Metro Cities : 13978 (approx 14000)
For Places with 9% HRA : 13906.80
For places with 7% HRA : 13798.80
For other places : 13762.80


NEW UPDATE : 10th Bipartite settlement is due for Bank Staffs/employees since November 2012. After this is implemented, it is expected that salary at the entry level in the clerical post will be around 18-20k/month.

27 comments:

  1. thank u for ur information
    when union bank of india release selected candidates list

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  2. Expected joining date for oriental bank of commerce. Thnx

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  3. Dear Admin
    did yu have any idea about when Bipartite Settlements implements???

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  4. Dear Admin
    did yu have any idea about when Bipartite Settlements implements???

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  5. Many many Thnks u sir 4 given information about detail salary structure..
    Would u like to tell me sir when Bank of Baroda will be published his list and joining date ?

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  6. 1 more thing everyone. As this basic pay was for undergraduates and as from this year only graduates wil join as clerks, so salary will raise a bit. :-)

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  7. Sir, wht is d joining date bank of baroda

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  8. Admin am Vasanth frm Tamilnadu.....i got selected in Canara......nd my name and roll no. also came in dat list...but my prblm s am belongs to SC Category....but in dat list my alloted category s Mentioned as Unreserved.......any prblm wit dat? Y dey r publishing lik dat....wat can i do for dat...?in my combined result,interview call leter and in final allotment dey(IBPS) clearly mentiones my category(SC)......but in canara list nly changef to unreserve....plz help me out......awaiting ur reply.......

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    Replies
    1. Your name is on the list then no problem with that

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  9. respect sir... im scoring 61.20 in ibps clk phase ii for odisha as an exservice man candidate.. what is my chance of getting a call in second round of allotment?

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  10. Thanq sir for ur valuable information

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  11. how 2 clear entrance exam for bank

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    Replies
    1. Focus ,hard work ,lots of practice n 10% of luck.. al the best !

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  12. sir pl confirm the latest starting salary for clerk

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    Replies
    1. As per the DA of aug'2013 gross salary for a newly recruitef bank clerk is 16000-16500... and in hand wil b around 14800-15300..(after deduction of nps and al)

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  13. Dear admin,

    Please tell me about the revised salary of clerks as I am selected for bank of baroda in maharashtra and also tell me when the bank is going to issue any offer letters

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  14. Dear admin,

    Please tell me about the revised salary of clerks as I am selected for bank of baroda in maharashtra and also tell me when the bank is going to issue any offer letters

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  15. Hi admin,

    What would be the postings and salary after clerk posting in Indian bank

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  16. hi my name is harendar singh pawar and i study for bank clerk ....

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  17. hi my name is harendar singh pawar and i study for bank clerk ....

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  18. sir
    i m from chandigarh.. m gng to appear for ibps clerk 2013 exam.. sir i want to knw dat hw banks allot service area to candidates?? i have selected chandigarh only for my examination centre..i will get to serve in chandigarh only? and plz also tell d same for IBPS PO..thank u

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  19. sir
    i m from chandigarh.. m gng to appear for ibps clerk 2013 exam.. sir i want to knw dat hw banks allot service area to candidates?? i have selected chandigarh only for my examination centre..i will get to serve in chandigarh only? and plz also tell d same for IBPS PO..thank u

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  20. what is the salary for rrb offce assistant

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  21. sir,i got mail from ibps that i m alloted pnb.but not yet received any mail from the bank.so provisnl allotment means is there any uncertainity abt my appointmnt?in grad i ve 64.2% nd in mstrs 81.7.so i thnk regardng eligibility criteria i wont ve any prb.

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  22. Sir, What are the scopes of getting promoted to PO level after entering as a clerk in any bank.??? and is there any special departmental exam for B.techs(CSE/IT) for promotn to PO from clerk.??
    Eagerly waiting for ur rep.!!!

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