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Bank Of India Salary | Increase In BOI PO/Clerk/Specialist Officer Pay Scale

Bank Of India Salary

Do you know? From this year, BOI PO/Clerk/Specialist Officer gets 15% Increase In Bank Of India Salary so Check Now Updated Pay Scale From Here… Job finders, who are searching for jobs in banking sector, always ask about Bank Of India Salaries. So here on this page, we’re bringing details on the in hand salary structure that is offered by Bank Of India to the selected candidates for PO, Clerk or Specialist Officer Posts. Be In touch with us on our web portal to get latest updates about Bank Of India PO/Clerk/Specialist Officer Salary.  

Most of the aspirants want banking jobs like Bank Of India Vacancy for his or her career and through which they simply can accomplish the success, progress and obtain attractive Bank Of India Salary Package or revised pay and Perk. So, candidates can acquire detailed info about Bank of India Pay Scale & Bank of India Salary & Allowances through this page which is created by team of recruitmentresult.com.

Bank Of India Salary

Typical Salary Structure of a Bank PO – Entry Level (Indicative)

Bank Of India PO Salary Major A Class Cities Other Places in Area Other Places
Metro Cities (State Capital etc.) District Level
&Rural Areas
Basic Pay 14500.00 14500.00 14500.00
Dearness Allowance 14485.5 14485.5 14485.5
CCA 540.00 375.00 0.00
Total Salary
(Excluding HRA)
Rs 29525.5 Rs 29360.5 Rs 28985.5
HRA – 8.5% ;
7.5%; 6.5%*
Rs 1232.50 Rs 1087.50 942.50
Total Salary
(Including HRA)
Rs 30758.0 Rs 30448.0 Rs 29927.5

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Additionally Basic Pay of bank officers such as Probationary officers / PO / Management Trainees) are eligible for the following allowances as indicated below:

  • Dearness Allowance:  Dearness Allowance (DA) in banks is revised on periodical basis
    that is in the months of February, May, August and November which is based on the CPI as declared by Government of India.
  • And the new revised current Dearness Allowance for the month of May 2015, June 2015 and July 2015  is 33.70% of the Basic Pay. It can go up with high inflation and also go down if the inflation rate is in negative.
  • Special Allowance : This has been added in 10th BPS (01/11/2012) and for scale I is 7.75% on which Dearness Allowance is also payable
  • HRA: This is based on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.
  • CCA: This also depending on the place of posting and can be either 4% (maximum Rs.870/-) or 3%(Maximum Rs.600/-) or 0%

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Typical Salary Structure of a Bank Clerk – Entry Level (Indicative):

Bank Of India Clerk Salary Places with population Other Places
of more than 45 lakhs of more than 12 lakhs 5 lakh and above, State Capitals / UT etc
Basic Pay 7200.00 7200.00 7200.00 7200.00
DA 6922.80 6922.80 6922.80 6922.80
HRA – 10 ; 9%; 7.5%,7% 720.00 648.00 540.00 504.00
Total Salary (including HRA ) 14842.80 14770.80 14662.80 14626.80

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There are variety of additional perks available to Bank officers and these differ from bank to bank, and even the amount of such perks vary from bank to bank. Some of the perks available to Bank officers are as described below:

  • Leased Accommodation: At some stations, several banks may proffer official bank accommodation / bank quarters in lieu of leased accommodation and lease amount differ from bank to bank and place of postings. Yet, you should keep in mind that this amount is not accessible as cash component and will directly go to the house landlord – you have got leased.
  • Travelling Allowance: Some banks permit permanent Travelling Allowance whereas others allow compensation of petrol bills i.e. officer must have  scooter / car at the place of posting
  • Newspaper Compensation : A preset monthly amount is remunerated towards the cost of one newspaper
  • Medical Aid: A preset yearly amount is rewarded by most of the banks (Revised amount is Rs. 8000/- p.a.)
  • Reporting under New Pension Scheme

Check Here: Bank Placement Papers

Job searchers, you can gain more updated information about Bank Of Baroda Recruitment, Exams, Vacancies, Bank Of India Salary Structure and other details from this page. We expect the Bank Of Baroda PO/Clerk/Specialist Officer Salary structure displayed above will be useful to you. So stay in touch with us to get latest updates about Bank Of India Salary & Perks.

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