Allahabad Bank: Salary & Allowances – Part I
Residential Accommodation provided to the Officer employees
(HOIC No. 11152/ADMN(HR)/2010-11/12 dated 25.09.2010)
Eligibility for Residential Accommodation (Bank’s quarter/residential accommodation engaged by the
Bank/ engaged in the name of the Bank ‘on rent’ / ‘on lease’/ ‘personal lease’ basis)
Bank provides residential accommodation to the eligible officers. In case officers, including officers on probation (even during the period of ‘on the job training’) and officers promoted from clerical cadre and posted in different stations, are not provided with residential accommodation, they are permitted to stay in rented / leased accommodation, taken either on Bank’s lease or on personal lease basis within his/her entitlement as per the rental ceiling fixed by the Bank from time to time.
Rental Ceilings ( in Rs Per month)
Mumbai*, New Delhi*, Kolkata, Chennai, Hyderabad, Bangalore & Ahmedabad
Other Metro Cities/Capital Cities/Area-I
* Additional rent upto 25% of the rental ceiling is allowed strictly on merit basis for engagement of
premises on Bank’s lease for the officers posted in Mumbai & New Delhi cities.
Area-I = Places with population of more than 12 lac according to Census Report of 2001.
Area-II = Places, other than those included in Area-I above, with population of 1 lac or more and upto 12 lac according to Census Report of 2001.
Area-III = Places, other than those included in Area I & II above.
Provision for Payment of Advance Rent
Payment of Advance rent to the landlord for a maximum period of six months is allowed for engagement of premises depending on the merit of individual cases.