Today I am going to tell you about Federal Bank Salary for Officers as well as Clerks. In the last post I have told you about the exam pattern of Federal Bank Clerk as well as Officer. Today we will learn about the salary part. Here are the details of the salary of both Officer and Clerk.
Federal Bank Salary – Officer (JMGS Scale I)
The pay scale of the Officer Scale I will be similar to that of Probationary Officers of public sector banks. The Officers will be in the pay scale of Rs. 23700 – 980/7 – 30560 -1145/2 – 32850 – 1310/7 – 42020.The starting basic salary as you can see will be Rs. 23700. The Officer will also be eligible for Dearness Allowance, Lease rental or HRA, CCA, Medical and other allowances and & perquisites as per rules of the Federal Bank. At present the Dearness Allowance is 54.10%. As per the notification released by the Federal Bank the Cost to Company per annum would be a minimum of Rs. 7.50 Lakhs and maximum of Rs.9.40 Lakhs for Officers. The CTC is depending upon the place of posting and other factors.
Federal Bank Salary – Clerks
The pay scale of the Clerks will be similar to that of Clerks of public sector banks. The Clerks will be in the pay scale of Rs. 11765 – 655/3 – 13730 – 815/3 – 16175 – 980/4 – 20095 – 1145/7 – 28110 – 2120/1 – 30230 – 1310/1 – 31540.The starting basic salary will be Rs. 13075 (Rs. 11765 + 2 increments of Rs. 655). The official will also be eligible for DA, HRA/ Additional HRA, Medical and other allowances & perquisites as per the rules of the Bank. On CTC basis the Cost to Company per annum will be minimum of Rs. 3.99 lakhs and maximum of RS.4.41 Lakhs depending upon the place of posting and other factors.
I hope after reading the post now you must have good idea about Federal Bank Salary for Officers as well as Clerks.