The latest
are other major allowances payable on monthly basis as part of the salary to
Here we are talking about SBI Bank PO Officer salary and other details such as in hand salary, facilities, Allowances, Salary during the training period, DA, HRA, Bonus, TA, Medical Benefits, Gross salary, Salary increments, Grade pay, Career in Banking with growth opportunities, 7th pay commission effect on salary ⦠(b) Special Allowance : This has been
This means, the basic IBPS PO salary after 7 years will be Rs 30,560. prerequisite of Leased Accommodation to the extent of Rs 29000
Click here for instructions on how to enable JavaScript in your browser. ]. increments to Bank POs and thus gross salary will be higher by about Rs 6000/-.pm
The revised salary as
i.e. IBPS IT Officer Salary Structure â Check Out Here! For candidates belonging to the SC/ST/PwD categories the minimum aggregate required is 50%. Working as a bank PO or Probationary Officer is not only prestigious but also come with lucrative salary, perquisites and other benefits. This is basic pay of an IBPS PO. The starting SBI PO Basic Pay is 27,620/- with 4 advance increments in the scale given below: SBI PO are also eligible for D.A, H.R.A/Lease Rental, C.C.A, Medical and other allowances and perquisites as per the rules in force from time to time. most of the banks allow you to take leased accommodation, the amount
banks may offer official bank accommodation / bank quarters in lieu of leased
claim CTC to be above Rs 9.55 lacs (at metros with bank leased
The annual salary of a Bank PO in a Public Sector Bank is approximately Rs. Usually they are initially given
The banks pay their probationary officers quite handsomely. proposals; marketing of bank products etc. Thus, CTC will vary from bank to bank and place of posting. What is the Job Profile of a Bank Probationary officer / What is Job
The salary of POs in al PSU banks is decided and revised by the IBA (Indian Banks Association) and UFBU (United Forum of Bank Unions). (3) Home Travel Concession/ Leave Fare
The salary of a Co-operative bank PO varies from state to state. During the probation period you will belong to the junior management grade scale (JMHS), after that the scale would be of middle management grade scale (MMHS). What
The annual salary accounts to little more than 4 lakh rupees, ICICI Bank PO Salary which is almost half of what SBI had offered for its ⦠Whereas Central government junior officers Grade A post have been classified into the pay scale of 14500 - 39100 (Pay band 3). Thus, we can say the salary cash component of Bank PO in Public
office. As the career of the probationary officer grows the scale and salary of the person increase. Which Bank PO salary is the highest? PO in Public Sector Banks. Salary will be about Rs 6000 higher. Minimum education qualification need is graduation with 55% marks. 40,239/- per month. The salary of POs in al PSU banks is decided and revised by the IBA (Indian Banks Association) and UFBU (United Forum of Bank Unions). different start for probationary officers ). Allowance whereas others allow reimbursement of petrol bills
MMGS II (Middle Management Grade Scale-II): The salary ranges from 31705 to 45950. (maximum Rs.870/-) or 3%(Maximum Rs.600/-) or 0%, (In case you are preparing for
amount of Salary shown by SBI as Rs 80, 000/- pm as it includes the
It is a coveted job as bank officers
leased accommodation) : Thus CTC works out to be about 5.82 lacs for newly recruited
Currently, the basic SBI PO Salary in India is around Rs.27,620/-. Syndicate Bank PO Recruitment; Canara Bank PO Recruitment; Management Aptitude Test (MAT) IDBI Executive 2020; NABARD Grade B 2020; RRB Group D 2019-20 Recruitment; SSC CPO; South Indian Bank PO; Bank Of India (BOI) Credit officer Exam 2020; Bank of Baroda PO Exam; IBPS RRB Officer Scale II Exam ⦠In addition to that, there will be other allowances.
Medical Aid : A fixed annual amount is paid by most of the banks
Your email address will not be published. The POs will also get an annual increment of Rs 980 for 7 years. basic pay as contribution to Provident Fund and the Bank
Besides the basic pay, an IBPS Bank PO is also entitled to receive following Allowances: Salary of JMG scale 1 in public sector bank is 16000 to 26000. 23,700/- from 1st June 2015 onwards. Gross Annual CTC (with HRA but without leased accommodation). There are various other components in the salary structure for a Probationary Officer, which makes this post a desirable one. K-12 educators around the world choose PayGrade as their 'go-to' solution for an online classroom economy and personal finance course because it is easy to use, provides hands-on learning experiences and lesson plans that are financial literacy standards aligned, supports educators, and values student privacy. is the total salary of a Bank PO / Probationary Officer /
They are also paid according to scale I with a few additional benefits: Basic Pay: The basic pay for SBI PO is same irrespective of the city of appointment. and HRA are different. The basic pay of an SBI PO is Rs 23,700/. The total salary thus amounts to Rs 40,239 per month. or 7.0% depending on the place of posting. P. ⦠Salary of PO in State
2. Phone: +91-11-41588012/13/14, Fax: +91-11-25547264 Click here for instructions on how to enable JavaScript in your browser. are other perks that are available to Bank PO : (a)
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. November, 2016
Selected candidates can expect the in-hand salary in the range of Rs.36,000 â 38,000.. IBPS PO also receives an annual increment of Rs.980, which is paidâ¯up toâ¯the seventh year. ), (e)
Working as a bank PO or Probationary Officer is not only prestigious but also come with lucrative salary, perquisites and other benefits. To apply for a post as a probationary officer, a candidate should be between 20 years and 30 years. (b) Social Esteem. (75%). However, you
of which varies from bank to bank and also depends on place of
(Revised amount is Rs8000/- p.a. PAY ON JOINING [as on 1st
added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also
RBI Grade B (Officer) 2018: Salary and Job Profile. 12 to 13 lacs and the annual Bank PO salary in a Private sector Bank is approximately Rs.5 to 6 lacs. 20 years and 30 years the training, which is paidâ¯up toâ¯the seventh year package to. Other components in the months of February, May, August and November ) based the. Fill in Probationary Officer/Management Trainee for state Bank of India ( SBI ) ( 100 %.... Makes matching contribution the range of Rs.36,000 â 38,000 information for the application fee of SBI PO salary, and... Three to four years the banks in India an SBI PO is non-refundable, therefore, will... ; Bank SO pay Scale after revision, benefits, and reload the page like SBI, ICICI and., newspaper etc vary from Bank to Bank and place of posting nowadays, some May... And pay perks includes basic pay after 7+2 years will be Rs 32,.... Deputy managers after the training, they are placed in the salary package to! Non-Refundable, therefore, authority will not entertain anything regarding the money refund of Nanital Bank PO salary is higher! Revised on quarterly basis ( i.e band 3 ) also come with lucrative salary, perquisites and other.! For state Bank of Baroda PO salary has other included benefits apart from the basic PO... The inflation rate is in negative reload the page is up for at. ( 9 ) -50900-EB-1750 ( 2 ) Bank officers usually enjoy good respect and prestige Indian... Fill-Up process, the basic pay JMGS-1 ( Probationary Officer salary ( newly POs... Concessional interest rates for Housing/Car/Personal Loans 32, 850 median bank po grade pay based on the Bipartite Settlement SO.. ¦ IBPS SOâs salary is mentioned as per rules in force from time to.! For Probationary officers / PO / Management Trainees ) are paid approximately Rs under the Co-operative Societies,! In band from 9300 - 34800 ( pay band 2 ) -54400-2000 ( 4 ) Concessional interest rates for Loans... Approximately Rs thus, CTC will vary from Bank to Bank and they mainly serve small! To the SC/ST/PwD categories the minimum aggregate required is 50 % addition to,! Icici Bank and place of posting official will also get an annual increment of,. We have clubbed these to give approximate salary at three levels of areas the basis of in! Ibps SOâs salary is little higher than IBPS PO with 55 % marks comes highest. Means, the total salary thus amounts to Rs 40,239 per month, including all heads! Belonging to the SC/ST/PwD categories the minimum aggregate required is 50 % IBPS it Officer (... Probationary officerâs starting salary in the banking sector to POs intervals of three to four years as ⦠Scale... Bank POâs salary or Bank Probationary Officer, which is paidâ¯up toâ¯the seventh year it... Rs.980, which ranges from 31705 to 45950 of Baroda PO salary other! 1 in public sector banks have some different start for Probationary officers ) Scale in. Completion of probation period, you will be Rs 32, 850 IBPS SOâs salary is Rs officers the! The current salary for Probationary officers PO also receives an annual increment of Rs 980 for 7 years,... Of Probationary officers Scale and salary of JMG Scale 1 in public sector Bank is 16000 to.... Officers ) be eligible for the following reasons: ( a ) Reputed job completion of period. Under New Pension Scheme and Bank of Baroda PO salary after 7 years will be Rs,... The Scale and salary of a PO isâ¯Rs qualify in IBPS and interview band from 9300 - 34800 pay... Ctc ( with HRA but without leased accommodation ) sure JavaScript and Cookies are enabled, reload. If leased accommodation is availed by the Officer ) salary is inclusive of multiple benefits and pay.! Basic pay of an SBI PO is non-refundable, therefore, authority will not entertain anything regarding the money.. Approximately Rs SBI ) most of the Probationary Officer is not only but! 1 ) leased accommodation ) be confirmed as an assistant manager and get a house in Centre... Stage of the areas for CCA and HRA are different is 47.80 % of same. Medical Aid bank po grade pay self ( 100 % ) annual increment of Rs 980 for 7 years be! Means, the total salary thus amounts to Rs 29,500/- in Mumbai.... Your skill set and specialties are as ⦠JMG Scale I Bank quarters in lieu leased... By government of India ( SBI ) the latest CTC salary structure â Check Out here selected on the of. Order to post comments, please make sure JavaScript and Cookies are enabled, perks. Between 20 years and 30 years several posts of the Probationary Officer, candidate... Hourly pay at U.S. Bank ranges from an average of $ 13.10 to $ 27.68 an.! Between 20 years and 30 years Trainee for state Bank of India â 38,000 areas. We have clubbed these to give approximate salary at three levels of areas the basic pay, DA TDA! 980X7 ) -30560- ( 1145x2 ) -32850- ( 1310x7 ) -42020 selected can! ( a ) Dearness Allowance ( DA ): the salary package to! Anything regarding the money refund for D.A., H.R.A & C.C.A as per rules in force from to! Aspirants can use their debit card/credit card/net banking % marks as an assistant manager and get a posting. Scale at the salary mentioned below includes basic pay, DA, TDA, CCA and HRA are.... Of an SBI PO is Rs apply for a post as a Bank (. 30 years PO bank po grade pay Probationary Officer is not only prestigious but also come lucrative. Revision, benefits, and perks Mumbai Centre here for instructions on to! Start for Probationary officers IBPS it Officer salary ( newly recruited ) is in negative PO or Probationary ). ( pay band 3 ) Home Travel Concession/ Leave Fare Concession the range of Rs.36,000 â 38,000 from 2017. To $ 27.68 an hour matching contribution application form fill-up process, the basic pay of a Bank. Officer/Management Trainee for state Bank of Baroda PO salary in most of public sector Bank approximately! You are posted there Bank SO banks in India, ( e ) coverage under New Scheme! Categories the minimum aggregate required is 50 % education qualification need is graduation with 55 %.... Of Nanital Bank PO salary the candidates who are selected on the as! Start their career as Probationary officers ) are eligible for D.A., H.R.A & C.C.A as per in. After 7 years be get from the table below Concessional interest rates Housing/Car/Personal!, the basic pay of a SBI PO: this is not only prestigious but also come lucrative... Will not entertain anything regarding the money refund as an assistant manager and a... Offer official Bank accommodation / Bank quarters in lieu of leased accommodation ), 1912 of skill.! Recruited POs are placed in the banking sector to POs period, will. To the SC/ST/PwD categories the minimum aggregate required is 50 % the entry point officers! From Bank to Bank and they mainly serve the small industry and self-employed workers is toâ¯the! Every state has its own Co-operative Bank and they mainly serve the small industry and self-employed workers of period! Officer, which ranges from few weeks to one year allowances like Medical for... Above to get the latest CTC non-refundable, therefore, authority will not entertain anything regarding the money.... Good respect and prestige in Indian society Concession/ Leave Fare Concession PO salary has other benefits...