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Bank Probationary Officer Salary – IBPS, SBI PO Pay Scale after 7th CPC

Bank Probationary Officer Salary

Curious to know how much does a Probationary Officer in India make? Well you have come to the right place as here we have discussed the Bank Probationary Officer Salary in detail. You can check this page to know about the IBPS, SBI PO Pay Scale and Bank PO remuneration after 7th (CPC) pay Commission along with all the perks and allowances given to a Bank PO.

In the present time, the basic Bank PO Salary ranges from Rs. 27,620/- to Rs. 36,000/-. Other than the Basic Pay, there is much more offered to the Bank Probationary Officer which makes this post a desirable one. In this article, we will talk about the Bank Probationary Officer Pay Scale, Allowances, Job Profile, Promotion Policy and other essential details in detail.

Bank Probationary Officer Salary Structure

After the enforcement of the 7th CPC (Central Pay Commission), there has been a considerable increment in the Bank PO Pay Scale. But most people often misinterpret that the Salary Structure of all Indian Banks is the same but each Bank has its unique system of deciding the pay scale. Some categories of Banks such as the private ones do go according to the pay commission decided by the Government. So it is important to understand the Bank Probationary Officer Salary Structure for different types of Banks in the nation.

We have facilitated all the necessary details regarding the Bank PO Salary Structure, Job Profile, Career Growth, Allowances, and Promotion Policy in this article. To get all the details regarding Bank Probationary Officer Salary, you should go through this article, which is well designed by the dedicated team of the project www.recruitmentinboxx.com.

Bank Probationary Officer Salary

The details of salary related to the post of Probationary Officer (PO) are stated below. Banks provides lots of accommodations to the employee other than salary. Kindly check the details that are given below in the table:

Typical Salary Structure of a Bank PO

CriteriaMetro CitiesState CapitalDistrict Level and Rural
Basic Pay14500.0014500.0014500.00
Dearness Allowance @ 99.9%14485.514485.514485.5
CCA (3% to 4% Max. Rs540/-)540.00375.000.00
Total Salary (Excluding HRA)Rs 29525.5Rs 29360.5Rs 28985.5
HRA – 8.5% ; 7.5%; 6.5%*Rs 1232.50 Rs 1087.50942.50
Total Salary (including HRA)Rs 30758.0Rs 30448.0Rs 29927.5

Check Here: Bank Salary Structure

IBPS PO Salary Structure 2021

ParticularsAmount
Basic PayRs. 36,000
Dearness Allowance (DA)Rs. 8593.20
Special Allowance (SA)Rs. 5,904
HRARs. 3,240
CCARs. 1400
DA OthersRs 1,552.50
Learning AllowanceRs. 600
Gross In-Hand Salary with HRARs. 57, 289.70
DeductionsRs 4,659.32
Net SalaryRs. 52,630.38

Bank Probationary Officer Salary after 11th Bipartite Settlement:

After the wage revision, 11th Bipartite have developed for an increment of 15% in the IBPS PO salary. Expected hike in wages after permission of Indian Bank’s Association (IBA) check it.

Increment (Percentage) %Basic PayGross Salary
15 %Rs.26,706/-Rs.37,068/-
20 %Rs.27,866/-Rs.38678/-
25 %Rs.29,026/-Rs.40,288/-
30 %Rs.30,187/-Rs.41,899/-

Do You Know: How To Get A Bank Job In India

New Bank Probationary Officer Salary after revision:

Bank PO Salary after revision will be between: Rs.38678 to Rs.41899/-

Bank Probationary Officer Salary After 7th Pay Commission:

Remuneration HeadCurrent Amount PayableRevised Amount Payable
Basic Pay (BP)Rs. 14,500Rs. 27, 865 (With 20% Increase)
Dearness Allowance (DA)Rs. 12,781Rs. 10,839
House Rent Allowance(HRA)Rs. 1,087Rs. 2,786
Total In Hand SalaryRs. 28,368Rs. 41,490

SBI PO Salary 2021:

The Starting basic pay of SBI PO is Rs. 27,620/- (with 4 advance increments) in the scale of Rs.23700-980/7- 30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I.

SBI PO Salary structure in India
SBI PO Salary in India- Basic PayRs. 27620/- (Increment in 4 stages)

1st Increment- Rs. 23700-980/7

2nd Increment-Rs. 30560-1145/2

3rd Increment- Rs. 32850-1310/7

4th Increment- Rs. 42020

Dearness Allowance46.9% of the basic pay
City Compensatory Allowance(CCA)3% or 4%(depending on the place of posting)
Leased House AccommodationMinimum- Rs 8000/-(Rural)

Maximum- Rs 29500/-(Urban)

Medical Insurance100% for employees

75% for families

Travelling AllowanceReimbursement for AC-2Tier (Exclusively for official travels)
PetrolRs 1100-Rs 1300( in case of absence of personal vehicle)
MiscellaneousRs 4000/-
Total Compensation (Annually)7.5 lakhs to 12.9 lakhs
Loan BenefitsConcession on interest rates

SBI PO Salary: Deductions

  • PF (10% of Basic): Rs. 2,762
  • NPS (10% of Basic+DA): Rs. 4,000
  • Income Tax: As per govt norms.
  • Other allowances including Newspapers, Entertainment allowance, Conveyance etc.): Rs. 4,130
  • HRA: Rs. 2,486

Know Here: Why Wait For Increments? These Are Top 10 Ways To Increase Salary

Salary Structure of a Bank PO – for Fresher

Major A Class CitiesOther Places In Area IOther Places(District Level And Rural Areas)
Metro Cities(State Capital Etc.)
Basic Pay23700.0023700.0023700.00
Special Allowance1836.751836.751836.75
Dearness Allowance @ 99.9%10163.6310163.6310163.63
CCA (3% to 4% Max. Rs540/-)870.00600.000.00
Total Salary (Excluding
HRA i.e. if Leased Accommodation
is availed by the officer)
Rs 36570.38Rs 36300.38Rs 35700.38
HRA – 8.5% ; 7.5%; 6.5%*Rs 2133.00Rs 1896.001659.00
Total Salary (including HRA i.e.
if officer does not avail leased accommodation)
Rs 38703.38Rs 38196.38Rs 37359.38

Bank Probationary Officer Salary On Promotion From Scale I To Scale VII

Scale I2370098030560114532850131042020
Scale II31705114532850131045950
Scale III42020131048570146051490
Scale IV50030146055870165059170
Scale V59170165062470180066070
Scale VI68680196076520
Scale VII76520212085000

Salary Structure of Bank Probationary Officer as per Designation(per month)

DesignationBank Probationary Officer Salary Range
JMGS – I (Junior Management Grade Scale -I)INR 14,500-600/7-18,700-700/
2-20,100-800/7-25,700 + HRA, DA,
CCA, LTC, Medical benefits, terminal
benefits as per rules
MMGS – II (Middle Management Grade Scale – II)INR 19,400 to INR 34,200
MMGS – III (Middle Management Grade Scale – III)INR 25,700 to INR 35,100
SMGS – IV (Senior Management Grade Scale – IV)INR 30,600 to INR 36,200
SMGS – V (Senior Management Grade Scale – V)INR 36,200 to INR 40,400

Jobs at Banking Sector: More than 1,000 vacancies

Median Pay Scale of PO as Per Years of Experience:

Years Of ExperienceBank Probationary Officer Salary
(Average Annual Salary)
Less than 1 yearINR 1 lakh
1 year to 4 yearsINR 3 lakh
5 years to 9 yearsINR 5.7 lakh
10 years to 19 yearsINR 6.8 lakh
More than 20 yearsINR 5.3 lakh

Bank Probationary Officer Salary as per the Banks:

Bank Probationary Officer Salary as Per Cities in India

Name Of The CityAverage Salary
MumbaiINR 5.8 lakh
BangaloreINR 5.8 lakh
New DelhiINR 4.5 lakh
HyderabadINR 4 lakh
KolkataINR 2.7 lakh

Some of the Perks available with Bank Probationary Officer Salary:

There is huge number of other perks available to Bank officers and these differ from bank to bank, and even the amounts of such perks vary from bank to bank. Some of the perks available to Bank officers are:

  • Leased Accommodation
  • Traveling Allowance
  • Newspaper Reimbursement
  • Medical Aid and Coverage under New Pension Scheme
  • Home Travel Concession/ Leave Fare Concession
  • Concessional interest rates for Housing/Car/Personal Loans

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