Monthly Earnings Comments

Min Max Min Max

Basic 14,500 14,500 19,400 19,400
Dearness Allowance (DA)
14,500 14,500 19,400 19,400
Lease Rent Allowance
(LRA)
4,500 12,000 5,000 13,000
House Rent
Allowance(HRA )
943 1,233 1,261 1,649
6.5% to 8.5% of Basic
Effective
3,558 10,768 3,739 11,351
U get LRA after
subtracting HRA
City Compensatory
Allowance
375 540 375 540
House Maintenance
Expenses
300 500 400 600
Medical Allowance
(without giving bills)
425 425 425 425
Paid per year
Entertainment Allowance
383 433 433 483
Paid per year
Newspaper Allowance 233 233 275 275 Paid per year
Petrol
350 2,800 400 3,200
(35 lit for scale 1, 40 lit
for scale 2, assuming
current price of 80 per
lit, minimum amount
paid if u dont own a
vehicle)
Govt's PF contribution 2,900 2,900 3,880 3,880 10% of Basic + DA
Canteen Subsidy
250 250 250 250
Rs 10 per working day
Total (Approx) 37,774 47,849 48,977 59,804
Some of this may not
be in hand but
reimbursed/paid out on
showing bills
Other Perks Comments
1st Increment (For 1st yr)
(Basic+DA)
1,200 1,200 1,400 1,400
Increment based on
Inflation (Approx 20% of
DA)
2,900 2,900 3,900 3,900
Increments (From 2nd yr)
1,400 1,400 1,600 1,600
These increments are
per month, i.e. Min
yearly increment around
6-8k
Furniture Once in a service
Bank of Baroda(BoB) Pays and Perks
Scale 1 Scale 2
Scale 1 Scale 2
1,50,000 2,00,000
Furnishing Allowance at
rented accomodation (if it
is not furnished) 30,000 40,000 40,000 60,000
Leave Travel Concession
Luggage transfer expenses
Luggage loading and
unloading
Joining time after transfer
Travel by own vehicle for
office work
Coveyance expenses
during training period
Haulting Allowance (per
day, if staying in other
location for office work)
700 1,000 700 1,000
Lodging Expenses 1800 2,600 2200 3,400 depending on city
Briefcase allowance
(once every 2 years)
Vehicle Loan
Housing Loan
Interest Rate
Increments after passing
JAIIB and CAIIB (per
month)
1,200 1,200 1,500 1,500
Gratuity
Additional Retirement
Benefit
Pension Scheme
Hospitalisation 100% for self and 75% for family upto specified limit
Brokerage
Leaves
Notice Period
Bond
Retirement Age
Note:
60 years
1. These are pays n perks mentioned in employees'handbook of BoB
2. For other banks, some perks may vary slightly
Last 6 months salary (only for 5+ yrs of
service)
Your PF contribution given out as monthly pension and govt's PF
contribution is given out monthly as per market returns
Reimbursed (1 month's rent)
12 Casual, 33 Privilege, 15 Sick, 6 to 12
3 Months
Not specified
1500 1,500
8.5 % simple int rate upto 7 Lacs
8 % simple int rate upto 20 Lacs
Extra 1% in bank account
10 Lacs (only for 5+ yrs of service)
Every 2 yrs hometown, All India once in 4
yrs, Air tickets if>1000 km, else AC sleeper)
Depends on distance, luggage n bills (for
2000 km, with 1 bogey of luggage, approx
15,000
7 days
9 rupees per km for car, 4.5 rs per km for
bike
125 per day in metros and 75 per day in
other cities