Salary Of Bank PO In India

Hii Sir, I wants to Appointed As A Probationary Officer I wants to know Salary offered by the Indian bank for the Probationary Officer Post ?

[shikha]

As you wants to Appointed As A Probationary Officer in the Indian Bank let me tell you for this you may Clear the IBPS PO Examination that is A Common Entracne Exam for the PO Post in the Indian Bans Accept SBI

the pay Scale for the Bank PO is As Follows

The revised basic pay of PO thus becomes –

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

Here Rs. 23700 is the revised basic pay of Bank PO as applicable on 1st January 2016. Thus the new entrant in a Bank as PO is liable to get Rs. 23,700 as basic pay.

Rs. 980 is the annual increment that a Bank PO will get and it will be applicable for a period of 7 years.

Besides the basic pay, a PO is entitled to receive following Allowances:

1. Dearness Allowance (DA):

The last Revised DA for the quarter of November and December, 2015 and January, 2016 is 39.80% of the Basic Pay.


2. Special Allowance: In the latest revision, a special allowance has been added to the salary structure of Bank PO.And it is 7.75% of the Basic Pay.

3. House Rent Allowance: This varies according to Bank PO’s place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.

4. City Compensatory Allowance: This also depends on the place of posting and can be either 4% or 3 % or 0%.

Hence the total Salary (without HRA) of Bank PO becomes Rs. 35,700 – 36,570. While considering the HRA into account, it becomes Rs. 37,360 -38,700.

Perks for the PO post

Medical Aid 800
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500

Gross Annual CTC (with HRA but without leased accommodation) 5,57,640.52