Congratulations to the all the bankers young and old , with the final approvals from the IBA and Bank Unions & associations, we present you the tentative final salary chart for the Officers of Public Section Banks and State bank of India ( SBI )
The calculation and charts are prepared by taking into consideration the HRA and FPP payable to officer employees.
Kindly note that those opting for personal lease or residing in bank quarters will not get HRA so they should minus the HRA from gross also new officers are not getting FPP hence they should minus the FPP also.
Basic 14500 New Basic 23700 DA 10260 CCA 700 Grade Pay 1420 New Gross = 36,080 Appx ( or Consider 36,000/- ) from the present 31,000/- Gross Hence increase of approximately 15%-16%.
Kindly note that above example is for those officers who are living in bank quarters and not opting for HRA which more than 75% of bankers do.