Revised Salaries for new Bank Employees from November 2018

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salary increase in government banks

Revised Salaries for new Bank Employees from November 2018

Salaries across Government Banks have increased from November 2018 (For period November 2018 to January 2018). Dearness allowance has increased by 6.7% (highest in last 3 years) which means there will be effect on salaries to a large extent. Lets see how it has affected the salary of a newly joined Clerical and Probationary Officer.

New Gross Salary of Probationary Officer (Nationalized Banks, Regional Rural Banks Except SBI)

Basic: 23700
DA: 14386 (Now its 60.7% of Basic)
Special Pay: 2951 (7.75% of Basic + DA)
HRA: 1659 (Minimum 7% of Basic)

Total Gross Salary: Rs.42696

New Gross Salary of Clericals (Nationalized Banks, Regional Rural Banks Except SBI)

Basic: 13075
DA: 7936 (Now its 60.7% of Basic)
Special Pay: 1628 (7.75% of Basic + DA)

National Pension Scheme now mandatory : RRB Employees

Salary Increase in Government Banks

Pros and Cons of Joining RRBs