RRB Officer Scale 1 Salary in 2016 and In-Hand Remuneration

The roles and responsibilities of an RRB Officer Scale 1 have grown significantly, making the position one of the most sought-after within the banking sector in India. This article aims to provide a comprehensive overview of the salary in hand of RRB Officer Scale 1 employees in 2016 and the current mapping of their remuneration in the context of different banks.

Overview of Bank Jobs and Their Popularity

Bank jobs, particularly those of RRB Officers, have gained immense popularity among aspirants due to various benefits associated with these roles. The Indian Bank Recruitment Exams, conducted by the Institute of Banking Personnel Selection (IBPS), have become a critical pathway for aspiring bank officers. For more information on related study materials, mocks, and updates, follow our website, Ambitious Baba, the leading platform for government job opportunities in India.

Fresher Salary as per 11th Bipartite Settlement

The salary structure for fresh graduates joining the banking sector typically includes the following components:

Basic: Rs 36,000 Didential Allowance (DA): Rs 10,936 Housing Allowance (HRA): Rs 2,520 (for rural postings at a 70% rate) Special Allowance: Rs 7,420 Total Gross Salary: Rs 56,876 Net In-Hand Salary: Approximately Rs 50,000 after deductions

In addition to the above, new recruits might receive allowances such as conveyance, paper bill, canteen subsidy, and business development allowance, totaling approximately Rs 10,300 annually.

New Joinee in Punjab Gramin Bank

A fresh joinee in the Punjab Gramin Bank might receive a total gross salary of Rs 57,618, with an in-hand salary of around Rs 52,500.

Salary and Allowances of a Newly Recruit PO in Regional Rural Banks

Pay Scale: Junior Management Grade: Scale 1 - Officer (i.e., PO) Basic: Rs 37,490 Da (Daroghi Allowance): Rs 9,814 (in 645 slabs) HRA (House Rent Allowance): Rs 7,890 (depends on the place of posting, rural posting: Rs 26,247) Special DA: Rs 1,609 Special Allowance: Rs 1,836 Total Gross Salary: Rs 54,666 Total Deductions (NPS): Rs 5,000 Net Salary (A-B): Rs 49,000 to 50,000 in hand

Pay Scale for Junior Management Grade – Scale 1 Officer in Regional Rural Banks

The pay scale for a newly recruited Scale 1 Officer in a Regional Rural Bank is Rs 23,700 to Rs 98,070. The starting basic pay is Rs 23,700. The salary has increased to Rs 44,500 after certain adjustments in 2019. A rough estimate in 2016 for this position would be around Rs 36,000.

Current In-Hand Salary

For a candidate who joined Allahabad U.P. Gramin Bank in March 2018, the in-hand salary after deductions is Rs 37,800. Additional allowances such as conveyance (Rs 400), bike petrol allowance, and newspaper allowances that might be applicable if the individual has a bike, are also included.

The total monthly in-hand salary is approximately Rs 35,000.