Salary in banks decided by all banks management body Indian Banks Association (IBA) and all banks employees umbrella organistion United Forum of Bank Unions (UFBU).
The salary in all Public Sector Banks/ Nationalised banks are same, but facilities may differs like medical, Leased House Rent, Travelling Expenses and other allowances. The SBI providing two increments at joining time. The sample indicative salary of nationalized bank is given below as per present norms:
Bank Clerical Cadre Salary at Joining Time (as on 01.09.2013)
Bank Clerical Cadre Employee Salary at Joining Time | ||||
Salary | Major A class cities :Metro Cities(Places over 45 lacs population) | Places where (StateCapitals etc, 12 to 45 lacs population) | Places where 5 to 12 lacs population) | Places where below 5 lacs population) |
Basic Salary (graduate) | Rs.8000.00 | Rs.8000.00 | Rs.8000.00 | Rs.8000.00 |
Dearness Allowance (84.15% | Rs.6732.00 | Rs.6732.00 | Rs.6732.00 | Rs.6732.00 |
HRA:(a) Places over 45 lacs : 10%(b) 12 to 45 lacs : 9% (c) 5 to 12 lacs : 7.5%(d) Below 5 lacs : 7% | Rs.800.00 | Rs.720.00 | Rs.600.00 | Rs.560.00 |
Transport Allowance | Rs.225.00 | Rs.225.00 | Rs.225.00 | Rs.225.00 |
Total | Rs.15,757.00 | Rs.15,677.00 | Rs.15,557.00 | Rs.15,517.00 |
HRA To Bank Clerical Cadre Employee:
a) Places over 45 lacs : 10%
b) 12 to 45 lacs : 9%
c) 5 to 12 lacs : 7.5%
d) Below 5 lacs : 7%
LFC Entitlement For Travel With Family To Clerk Staffs:
Entitled to Travel in - AC 2 Tier Rail but can travel by air within monetary value of Railway AC 2 Tier.
Distance And Duration Limit For Clerical Cadre LFC:
Entitlement Once in 2 years - 2000 km
Once in 4 years - 4000 km
Once in 4 years - 4000 km
Salary Components Of Bank Clerical Cadre Employee:
Basic Salary, Dearness Allowance (DA), House Rent Allowance (HRA), Transport Allowance etc.
Medical Aid To Bank Clerical Cadre Employee:
For Clerks other than SBI, the medical aid on declaration basis: Rs 2000 P.A.
Hospitalisation Scheme: Available for Staff as well as their family members as per requirement.
Almost all of the Indian Banks including Public sector and private sector banks follow this standard.
Salary may differ slightly based upon the Bank's views.
And the take home salary will be somehow low after deductions for Pension or PF.
