career in banking offers promise of good remuneration and
benefits. Approximate scales in various banks are:
Officer up to scale VI:
Rs 2,100/- up to Rs 4,020/- per month with Rs 120/-
increment per annum.
VII (General Manager):
Approximately Rs 7,350/- per month
officers are also eligible for dearness allowance, house
rent allowance; and city compensatory allowance. Salaries
are higher in private sector and foreign banks. Most
foreign banks offer the junior level executive a starting
salary of about Rs one lakh per annum. Remuneration
increases with seniority.