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

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

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 details 2018

IBPS Basic Pay23700.00
IBPS Special Allowance1836.75
IBPS DA10163.63
IBPS CCA870
Transport Allowance
Total (without HRA)36570.38
IBPS HRA2133.00
Gross with HRA38703.38
Medical Aid8000
Entertainment500
Newspaper300
Petrol3000
Telephone400
Canteen Subsidy400
Pension Contribution2500
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 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 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 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

Get Best Answer: How to Get Direct Recruitment in Private Banks

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