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Bank Probationary Officer Salary
It is a most popular question among all of those candidates, who are applying for PO Jobs in Banking sector that what is Bank Probationary Officer Salary? So, here below we are going to tell you the entire details of IBPS, SBI PO Pay Scale and Bank PO remuneration after 7th (CPC) pay Commission.
In this era there are infinity candidates, who want to enhance their career in Banking sector as it is a reputed sector and also pay an attractive salary along with further benefits as per the norms.
Bank Probationary Officer Salary Structure
Mostly people thinks that salaries of Banks will also increase after 7th pay commission but all banks have their different system to calculate salary. some banks don’t follow pay commissions.
To get all the details regarding Bank Probationary Officer Salary, you should go through this article, which is well tailored by the dedicated team of project www.recruitmentinboxx.com
Bank Probationary Officer Salary
The details of salary related to the post of Probationary Officer (PO). 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
| Criteria | Metro Cities | State Capital | District Level and Rural |
| Basic Pay | 14500.00 | 14500.00 | 14500.00 |
| Dearness Allowance @ 99.9% | 14485.5 | 14485.5 | 14485.5 |
| CCA (3% to 4% Max. Rs540/-) | 540.00 | 375.00 | 0.00 |
| Total Salary (Excluding HRA) | Rs 29525.5 | Rs 29360.5 | Rs 28985.5 |
| HRA – 8.5% ; 7.5%; 6.5%* | Rs 1232.50 | Rs 1087.50 | 942.50 |
| Total Salary (including HRA) | Rs 30758.0 | Rs 30448.0 | Rs 29927.5 |
Check Here: Bank Salary Structure
IBPS PO Salary details 2018
| IBPS Basic Pay | 23700.00 |
| IBPS Special Allowance | 1836.75 |
| IBPS DA | 10163.63 |
| IBPS CCA | 870 |
| Transport Allowance | – |
| Total (without HRA) | 36570.38 |
| IBPS HRA | 2133.00 |
| Gross with HRA | 38703.38 |
| Medical Aid | 8000 |
| 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 |
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 Pay | Gross 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 Head | Current Amount Payable | Revised Amount Payable |
| Basic Pay (BP) | Rs. 14,500 | Rs. 27, 865 (With 20% Increase) |
| Dearness Allowance (DA) | Rs. 12,781 | Rs. 10,839 |
| House Rent Allowance(HRA) | Rs. 1,087 | Rs. 2,786 |
| Total In Hand Salary | Rs. 28,368 | Rs. 41,490 |
SBI PO Salary 2018:
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: Earnings
- Basic Salary: Rs. 27620
- Dearness Allowance: Rs. 12677
- City Compensatory Allowance (CCA): Rs. 870
- Special Allowance: Rs. 2140
- Total Earning Before Deductions: Rs. 43307
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 Cities | Other Places In Area I | Other Places | (District Level And Rural Areas) |
| Metro Cities | (State Capital Etc.) | ||
| Basic Pay | 23700.00 | 23700.00 | 23700.00 |
| Special Allowance | 1836.75 | 1836.75 | 1836.75 |
| Dearness Allowance @ 99.9% | 10163.63 | 10163.63 | 10163.63 |
| CCA (3% to 4% Max. Rs540/-) | 870.00 | 600.00 | 0.00 |
| Total Salary (Excluding HRA i.e. if Leased Accommodation is availed by the officer) | Rs 36570.38 | Rs 36300.38 | Rs 35700.38 |
| HRA – 8.5% ; 7.5%; 6.5%* | Rs 2133.00 | Rs 1896.00 | 1659.00 |
| Total Salary (including HRA i.e. if officer does not avail leased accommodation) | Rs 38703.38 | Rs 38196.38 | Rs 37359.38 |
Bank Probationary Officer Salary On Promotion From Scale I To Scale VII
| Scale I | 23700 | 980 | 30560 | 1145 | 32850 | 1310 | 42020 |
| Scale II | 31705 | 1145 | 32850 | 1310 | 45950 | ||
| Scale III | 42020 | 1310 | 48570 | 1460 | 51490 | ||
| Scale IV | 50030 | 1460 | 55870 | 1650 | 59170 | ||
| Scale V | 59170 | 1650 | 62470 | 1800 | 66070 | ||
| Scale VI | 68680 | 1960 | 76520 | ||||
| Scale VII | 76520 | 2120 | 85000 |
Salary Structure of Bank Probationary Officer as per Designation(per month)
| Designation | Bank 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 Experience | Bank Probationary Officer Salary (Average Annual Salary) |
| Less than 1 year | INR 1 lakh |
| 1 year to 4 years | INR 3 lakh |
| 5 years to 9 years | INR 5.7 lakh |
| 10 years to 19 years | INR 6.8 lakh |
| More than 20 years | INR 5.3 lakh |
Bank Probationary Officer Salary as per the Banks:
Bank Probationary Officer Salary as Per Cities in India
| Name Of The City | Average Salary |
| Mumbai | INR 5.8 lakh |
| Bangalore | INR 5.8 lakh |
| New Delhi | INR 4.5 lakh |
| Hyderabad | INR 4 lakh |
| Kolkata | INR 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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