Starting Salary of Bank Clerk
What
is the Salary of Bank clerk in India (PS banks) ?
The salary
of clerks in most of the public sector banks and some private banks is same and last
revision has taken place wef 1st November, 2007. Almost all public
sector banks place the clerks in the following scale at the 1st stage of
the grade :-
Rs. 7200 - (400x3) - 8400 - (500x3) - 9900 -
(600x4) - 12300 - (700x7) - 17200 - (1300x1) - 18500 - (800x1) - 19300
Thus, the initial Basic Pay of a clerk will be Rs.7200/- (the
figures in the brackets indicate the annual increment and the number of stages
for which the same is applicable).
What
are other major allowances payable on monthly basis as part of the Bank Clerk's salary ?
In addition to Basic Pay, clerks in banks are eligible for the
following allowances :-
(a) Dearness Allowance (DA) : DA in banks is revised on quarterly
basis (i.e. in the months of February, May, August and November) based on the
CPI as declared by Government of India. The current DA (for the month of
October, 2012 is 70.20% of the Basic Pay). DA can go up with higher
inflation and also come down if the inflation rate is in negative.
(b) HRA : This depends on the place of posting and it can be either 10% or 9% or
7.5% and 7% depending on the place of posting.
What
is the total salary or emoluments of a newly recruited clerk in a bank ?
The above indicates that the total salary of a clerk on
joining at a metro station will be around Rs.13,000/. However, the
total salary of a clerk who has to join in rural area will be
about Rs.12,700/-. In addition to this, you can also be paid certain allowances
which are specific to the job you have been allocated viz. Cashier or CTO
(approximately Rs.1000/-)
Comparative Starting Salary of Bank Clerk As on October
2012
| |
Places with population |
Places with population |
Places with population of |
Other Places |
| |
of more than 45 lakhs |
of more than 12 lakhs |
5 lakh and above, State Capitals/UT etc |
|
| |
|
(including Goa) |
|
|
|
Basic Pay |
7200.00 |
7200.00 |
7200.00 |
7200.00 |
|
Dearness Allowance |
5054.40 |
5054.40 |
5054.40 |
5054.40 |
|
HRA - 10 ; 9%; 7.5%,7% |
720.00 |
648.00 |
540.00 |
504.00 |
| |
|
|
|
|
|
Total Salary (including HRA i.e. if officer does not avail
leased accommodation) |
12974.40 |
12902.40 |
12794.40 |
12758.40 |
| |
|
|
|
|