Salary Structures for Clerks in Vijaya Bank: 2018 and Beyond

Introduction to Vijaya Bank

Vijaya Bank is one of the prominent public sector banks (PSB) in India, providing a wide range of banking services to a diverse customer base. As one of the ten banks that participated in the 10th Bipartite Settlement, Vijaya Bank follows the same salary scales as other banks in this settlement.

Popular Recruitment and Competitive Landscape

The Bank Clerk position is highly sought after in India due to its attractive job opportunities and competitive nature. The monthly salary for a clerk in Vijaya Bank ranges from Rs. 7200 to Rs. 19300, with a starting pay of Rs. 11765. Graduates typically start at a higher pay scale, specifically at the 3rd stage of Rs. 13075, which includes increments of Dearness Allowance (DA) and various deductions to arrive at the gross salary of approximately Rs. 19000.

Salary Breakdown for Clerks in Vijaya Bank

As of 2018, the salary structure for clerks in Vijaya Bank can be detailed as follows:

Component of Salary Amount (Rs.) Basic Pay 11765 Special Allowance (7.75% of Basic) 911.79 Dearness Allowance (DA 47.80% of Basic Pay) 5623.67 DEA on Special Allowance 435.83 Housing Rent Allowance (HRA) - varies by location (7.5% to 10%) - Conveyance Allowance 750 News Paper Reimbursement - Canteen Allowance 300

Other allowances such as Clearing Allowance, Single Window Allowance, and Key Allowance may vary depending on job allocation.

The gross salary can be calculated as approximately Rs. 21451.85 in a city with a population between 12 and 45 lakhs, including a 10-liter allowance at 75/- per liter. This is an approximation and may vary for Vijaya Bank due to individual factors and variations in the bank's wage structure.

Increment and Allowances

Besides the base salary, clerks in Vijaya Bank are entitled to annual increments in their Dearness Allowance (DA). They are also eligible for various perks such as HRA, conveyance allowance, newspaper reimbursement, canteen allowance, and other allowances mentioned above. The exact value of HRA depends on the city categorization, which ranges from 7.5% to 10% of the basic pay.

Further Information and Conclusion

For more detailed information about Vijaya Bank and its salary structures, please feel free to reach out. As the wage structure may vary slightly across different banks, it's essential to consult the specific rules and regulations of Vijaya Bank for accurate details.