Karnataka Bank PO Pay Scale
 

I want to build my career in banking line and for this decided to give the PO exam of Karnataka Bank Limited. Can you please tell what the Karnataka Bank PO Pay Scale and other benefits and allowances provided so that I can plan to join here also tell what the bank PO selection process?

Re: Karnataka Bank PO Pay Scale
 

Karnataka Bank Limited conducts the recruitment of Officers (Scale I) vacancies at its Branches/ Offices located across India.

Pay scale:

Scale I -

23700 - (980 x 7 ) - 30560 - (1145 x 2 ) - 32850 - (1310 x 7) - 42020

Other allowance:

In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) are eligible for the following allowances :-

(a) Dearness Allowance (DA) : DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India.
The new revised current DA (for the month of May 2015, June 2015 and July 2015 is 33.70% of the Basic Pay). DA can go up with higher inflation and also come down if the inflation rate is in negative.

(b) Special Allowance : This has been added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also payable

(c) HRA : This depends on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.

(d) CCA : This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3%(Maximum Rs.600/-)

Eligibility Criteria
Educational Qualification

You should have the graduation degree from a recognized university.

Age Limit

Minimum Age : 21 years
Maximum Age : 28 years
Age Relaxation will be there for the SC/ST and OBC Candidates.

Selection Procedure

The Candidate have to clear the following tests to select for the post of the PO/SO.

Written Test
Personal Interview
Merit List