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Central Bank Of India Salaries: After 7th CPC (PO/Clerk/Manager) Salary, Growth

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Central Bank Of India Salaries

After Revised 7th CPC, you must want to know the changes done in Central Bank Of India Salaries. If yes, then you can get complete details of Central Bank Of India Salary & Perks after Revision, Growth etc from this single page.

Contenders, who are going to apply for Central Bank Of India Recruitment as a PO/Clerk/Manager or any other post, they must check revised Central Bank Of India Pay Scale after revision of 7th Central Pay Commission.

How 7th CPC is implemented on Pay Scale?

In order to hike in CBI Salaries, the 7th pay commission is implemented and the 7th CPC recommendations were approved by the Union Cabinet in June 2016. All banks Pay scale is decided by Indian Banks Association and United Forum of Bank Unions.

There are 18 national banks across India and Central Bank of India is one of them to offer recapitalization. Candidates who want to know updated Central Bank Of India Salaries for PO / Clerk / Manager, can check it easily from this page which is well structured by the team of www.privatejobshub.in.

Central Bank Of India Salaries

Assistant Manager (CBI)
Rs. 47,992/-
Assistant Manager
Rs. 525,926/-
Senior Manager - Monthly
Rs. 48,825/-
Clerk
Rs. 33,486/-

Salary of Bank PO, Clerk and Manager in India

Central Bank of India PO Salary Structure:

As wage revision (10th Bipartite Settlement) settled at 15 % hike. So, following would be the new pay structure of newly joined Probationary Officer (PO) Salary and the officer who are in first year of Probation period in Central Bank of India.

New Salary of PO after Wage Revision in Central Bank of India
Present Hike
15%
Corresponding  Basic
26705
Current Basic
14500
Current DA % 109.8
15921
Corresponding   Revised DA % (33.1)
8839.36
Current HRA % 6.5
942.5
Corresponding  HRA % (7.475)
1996.2
Current Gross Salary
31364
Corresponding  Gross Salary
37541
Current NPS Contribution
3042.1
Corresponding  Revised NPS Contribution
3554.44
Current Net Salary
28321
Corresponding  Revised Net Salary
33986


Central Bank of India Clerk Salary Structure:
  • During probation period of 6 months Central Bank of India Clerk basic pay ranges between Rs. 7300 – Rs. 19,300 excluding DA, HRA and all other allowances and after 6 months, a clerk is liable to earn between Rs. 35k – Rs. 40K per month.
  • Some of health benefits are-
  • Medical benefits (68%)
  • Dental benefits (5%)
  • Vision benefits (5%)
Statistics for Bank Clerk Service:

Percentage of bank clerk jobs in India with experience is as follows:

Experience
Percentage
less than 1 year
54
1 to 4 years
23
5 to 9 years
6
10 to 19
9
more than 20 years
9

At the time of joining for Bank Clerks, Salary (according to regions), as per Indian Banks Association regulation:

Salary
Metropolis (Region With More Than 45 Lakhs Population)
State Capitals (Region With Population Of 12 To 45 Lakhs)
Regions With Population Below 5 Lakhs To 12 Lakhs
Regions With Population Below 5 Lakhs
Basic Salary
INR 8,000
INR 8,000
INR 8,000
INR 8,000
Dearness Allowance
INR 4,320
INR 4,320
INR 4,320
INR 4,320
HRA
INR 800 (10% HRA)
INR 720 (9% HRA)
INR 600 (7.5% HRA)
INR 560 (7% HRA)
Transport Allowance
INR 225
INR 225
INR 225
INR 225
Total Salary
INR 13,345
INR 13,265
INR 13,145
INR 13,105


Remuneration of Assistant Manager:

It’s assistant manager’s profession to remain all regulations and terms in order and continue good relationships with customers. An assistant manager working with this bank collects between Rs. 15K – Rs. 54K per month.

Salary
Rs 230,961 – Rs 598,495
Bonus
Rs 1,993 – Rs 99,498
Profit Sharing
Rs 0.00 – Rs 50,684
Total Pay
Rs 239,783 – Rs 626,497


Salary Range of other designations in Central Bank of India:

Particulars
Salary Range (Per Month)
Senior Manager
Rs.48K- Rs.60K
Deputy General Manager
Rs.62K -Rs.67K
Agriculture Finance Officer
Rs.37K- Rs.40K
Manager (IT)
Rs.47K- Rs.50K
Recruiter
Rs.25K- Rs.30K
Counselor
Rs.25K- Rs.30K
Assistant Manager
Rs.32K- Rs.38K

About Central Bank of India

Central Bank of India is one of the oldest and largest banks, was founded in 1911. The bank is headquartered in Mumbai and has approximately 42,000 employees working with the bank across Indian and overseas branches. Out of the 18 public sector banks, Central Bank of India is one of them to get recapitalization. Employees working in Central Bank of India are entitled to get handsome salary packages and allowances.

Final Words:

To know more about Central Bank of India Salaries, you need to visit the official link. If you are satisfied with the above stated information then you can bookmark this page by using CTRL+D. If you have query then you can ask in comment box which is provided below.   

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