New Bank Probationary officer Salary After 10th Bipartite Wage Settlement 2015
Unions in banking sectors and Indian Bank's Association (IBA) agreed on increasing pay slip salary component by 15 Percent.
As wage revision,10th Bipartite settled at 15 % hike. So, following would be the News pay structure of newly joined Probationary Officer (PO) Salary and the officer who are in first year of Probation period.
We have considered on the basis of formula which are used in wage settlement process.
Components
|
Now (Per Month)
|
Revised (Per Month)
|
Basic Pay
|
Rs 14500
|
Rs 26705 (Merged 60.15 % of DA in to current Basic Pay)
|
House Rent Allowance
|
Rs 942.5 (6.5% Of Basic Pay)
|
Rs 1996.2 (7.475 % of Basic Pay)
|
Dearness Allowance
|
Rs 15921 (109.8% of Basic Pay)
|
Rs 8839.36 (33.1% of Basic Pay)
|
Total
|
Rs 31364
|
Rs 37541
|
NPS Contribution
|
-3042.1
|
-3554.44
|
Cash In Hand
|
Rs 28321
|
Rs 33986
|
The revised basic pay has been derived by merging 60.15 % of DA in to current Basic Pay and then adding your expected hike on the whole amount (Current basic+60.15% of current basic)
Apart from this every second and fourth Saturday of the month will be holiday, and the other Saturdays will be full working days.