The Bank PO salary has many inclusive advantages along with the basic pay. A Bank Manager’s salary in India acts as one of the key factors for the aspirants’ attraction towards this job profile.
For this reason, aspirants seeking
jobs in the banking sector, find the PO (Probationary Officer) post as the most
sought-after job with fruitful career growth option.
A Probation officer (PO) is an
Assistant Manager of Scale I in the bank.
The Indian
bank PO salary varies for various posts like
- Bank PO salary for SBI
- Bank PO salary for IBPS
SBI
PO Salary
The State Bank of India is reputed to
have the highest salary range among the Public Banks in India and SBI Exams are
conducted to recruit candidates into various revered posts under the
prestigious Organisation.
Every year lakhs of candidates appear
for the SBI PO exam to get into the banking sector to be appointed at
the post of Probationary Officer. In the following paragraphs, we will
cover the SBI PO salary range.
SBI PO salary
structure is as follows:
- As per the SBI PO salary structure, the
basic pay is set at Rs. 27,620/- with 4 advance increments.
- The minimum compensation per annum is Rs. 7.55 lakhs,
the maximum compensation is Rs. 12.93 lakhs, and it depends on the place
of posting and the other factors.
- In the annual package pf SBI PO salary, the various inclusions are
·
basic
salary
·
city
compensatory allowance
·
Tax
& PPF
·
dearness
allowance
·
petrol
·
food
allowance
·
compensation
for bank stationery
Apart from
all this, accommodation is provided if it is available at the place of your
posting.
IBPS
PO Salary
The Institute of Banking Personnel
Selection is the recruiting body for various IBPS bank exams.
All participating public sector banks
follow the IBPS salary structure, which is different from the SBI salary
structure.
These IBPS exams are for
candidates trying to get a good and secured job in the public banking domain
and the
following paragraphs cover the IBPS PO salary in public
sector banks.
The IBPS PO exam is
used to select probationary officers for PSBs and the salary structure for the
same is given below:
- The basic pay component of IBPS PO salary is
Rs.23,700/- per month.
- In the IBPS PO salary, there are other allowances such as special
allowance, dearness allowance and HRA; the total compensation is Rs.
38703.38 per month.
- The gross annual CTC, including HRA but without leased
accommodation, it is Rs. 5,57,640.52
Cooperative Bank PO Salary
The Reserve
Bank of India regulates the Cooperative Banks. The basic pay of the Cooperative
Bank PO salary is around Rs.30,000/-.
These banks
are mostly for providing transactional facilities to the small-industries and
self-employed workers.
Cooperative
Bank PO salary varies state-wise.
Private Bank PO Salary
The Private Bank PO salary structure is almost similar to the public sector in terms of the payscale components. However, the salary structure differs in the pay scale which is quite lesser compared to the public sector banks.
The basic pay of a Private Bank PO is around Rs.35,000/- which differs from bank to bank.
Detailed pay scale and benefits provided to a Probationary Officer in both Private and Public Sector Banks have been given at the Bank PO Salary page. Candidates can visit the linked article and get all the relevant information.
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