Wednesday, May 27, 2015

Bank PO salary after 10th bipartite settlement

Bank Unions and Indian Bank's association signed an agreement to increase bank employees salary and allowances by 15%. The scale pay of Officers has been revised from Rs.14500 – Rs.52000 to Rs.23700 – Rs.85000.

For a newly recruited bank Probationary Officer,

Basic Pay = 23700
Dearness Allowance = 33.7% of Basic Pay = 7986.9
Basic Pay + Dearness Allowance = 23700 + 7986.9 = 31686.9
NPS Contribution = 10% of 31686.9 = 3168.69
Basic Pay + Dearness Allowance – NPS Contribution = 28518.21
Special Allowance = 7.75% of Basic Pay and Dearness Allowance = 7.75% of 31686.9 = 2455.73
House Rent Allowance = 7% of Basic Pay = 1659
Total = 28518.21 + 2455.73 + 1659 = 32632.94

Apart from this there can be other deductions like professional tax and for officers association. It depends on the bank and place of posting. Also there is City Compensatory Allowance for certain places. There can be higher hra (8% or  9%) based on place of posting.
So a newly recruited Probationary Officer can expect take home salary of 32250+

Monday, May 18, 2015

CGL 2014 Tier II result declard

Staff Selection Commission declared Tier II result of SSC CGL 2014.
UR interview post cut off is 426.25 and 397.25 for non interview post.
Write up: http://goo.gl/meDANV
Interview Post result: http://goo.gl/A0H3ko
Non interview post result: http://goo.gl/s6BoeC

Saturday, May 2, 2015

SSC CGL 2015

Staff Selection Commission has invited application for Combined Graduate Level exam for recruitment to various Group 'B' and Group 'C' central government jobs. Staff Selection Commission will hold the Combined Graduate Level Examination, 2015 (Tier-I) on SUNDAY the 9th August, 2015 & 16th August, 2015.

Notification: http://goo.gl/o11q8b
Apply Online: http://goo.gl/XopQU3