OFFICERS PAY SCALE

STARTING SALARY OF OFFICERS IN PUBLIC SECTOR BANKS PRIVATE BANKS AS PER LATEST WAGE SETTLEMENTS.
Details	HRA Center I (9%)	HRA Center II (8%)	HRA Center III (7.00%)
Officers-Scale I.
Basic pay	23700	23700	23700
Special Allowance	1837	1837	1837
Dearness Allowance( From November 2018 DA rate : 60.7 % of B.P and Spl Allowance)	15501	15501	15501
House Rent Allowance	2133	1896	1659
Total Salary-Officer Scale I	43171	42934	42697
Officers-Scale II.
Basic pay	31705	31705	31705
Special Allowance	2457	2457	2457
Dearness Allowance(From November 2018 DA rate : 60.7 %of B.P and Spl Allowance)	20736	20736	20736
House Rent Allowance	2853	2536	2219
Total Salary-Officer Scale II	57751	57434	57117
Officers-Scale III.
Basic pay	42020	42020	42020
Special Allowance	3257	3257	3257
Dearness Allowance(From November 2018 DA rate : 60.7 % of B.P and Spl Allowance)	27483	27483	27483
House Rent Allowance	3782	3362	2941
Total Salary-Officer Scale III	76542	76122	75701
Officers-Scale IV.
Basic pay	50030	50030	50030
Special Allowance	5003	5003	5003
Dearness Allowance(From November 2018 DA rate : 60.7 % of B.P and Spl Allowance)	33405	33405	33405
House Rent Allowance	4503	4002	3502
Total Salary-Officer Scale IV	92941	92440	91940

• Add to the Salary :City Compensatory Allownce as follows :
• CCA (I) Places in Area 1 and in the State of Goa 4% of Basic Pay Maximum : Rs.870/- p.m
• CCA(II) Places with population of five lakhs and over and State Capitals and Chandigarh,
  Puducherry and Port Blair 3% of Basic Pay Maximum :Rs.600/- p.m.
• House Rent Allowance depends on place of posting
• HRA I : Major A Class Cities and Project Area Centres in Group A 9.00% of Pay
• HRA II : Other places in Area I and Project Area Centres in Group B and State of Goa 8.00% of Pay
• HRA III : Other places 7.00% of Pay
• Dearness Allowance varies quarterly with every rise or fall of four points 0ver 4440 points in the
  "All India Average Working Class Consumer Price Index (General) Base 1960=100".
• Apart from the above major components of salary ,you are eligible at the time of joining bank
  depending on qualification and place of posting :
  
  • 1.Professional Qualification Pay (PQP)
  • 2.Hill and Fuel Allowance
  • 3. Project Area Allowance .

  • 4.Split Duty Allowance etc etc