Bank of Baroda: Salary & Allowances
Service Conditions of officers in BANK OF BARODA is governed by “BANK OF BARODA (OFFICERS’) SERVICE REGULATION 1979”
Basic Salary Scale
Scale I = Rs.14500 -600 /7 – 18700 – 700/2 – 20100 – 800/7 – 25700
Scale II = Rs.19400 – 700/1 – 20100 – 800/10 – 28100
Dearness Allowance
Currently DA rate: 99.9% of Basic Salary
(On and from 01.11.2007,, Dearness Allowance shall be payable for every rise or fall of 4 points over 2836 points in the quarterly average of the All India Average Working Class Consumer Price Index (General) Base 1960 = 100 at 0.15 % of Pay.)
House Rent Allowance
i) | Major “A” Class Cities and Project Area Centres in Group A | 8.5 % of Pay |
ii) | Other places in Area I and Project Area centres in Group B | 7.5 % of Pay |
iii) | Other Places | 6.5 % of Pay |
Provided that if an officer produces a rent receipt, the House Rent Allowance payable to him / her shall be the actual rent paid by him/her for the residential accommodation in excess over 1.20 % of pay in the first stage of the Scale of Pay in which he / she is placed with a maximum of 150 % of the House Rent Allowance payable as per aforesaid rates mentioned in Column II above.
Note: The claims of officer employees for House Rent Allowance linked to the cost of their ownership accommodation shall also be restricted to 150 % of House Rent Allowances as hitherto.
City Compensatory Allowance
Area | Rate | Maximum Amount | |
i | Places in Area I and in the State of Goa | 4 % of Basic Pay | Rs. 540 /- p.m. |
ii | Places with population of five lakhs and over and State Capitals and Chandigarh, Pondicherry and Port Blair | 3 % of Basic Pay | Rs. 375/- p.m. |
