Recruitmentinboxx.com Upcoming Sarkari Naukri/Result 2021 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
| 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 Structure 2021
| Particulars | Amount |
| Basic Pay | Rs. 36,000 |
| Dearness Allowance (DA) | Rs. 8593.20 |
| Special Allowance (SA) | Rs. 5,904 |
| HRA | Rs. 3,240 |
| CCA | Rs. 1400 |
| DA Others | Rs 1,552.50 |
| Learning Allowance | Rs. 600 |
| Gross In-Hand Salary with HRA | Rs. 57, 289.70 |
| Deductions | Rs 4,659.32 |
| Net Salary | Rs. 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 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 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 Pay | Rs. 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 Allowance | 46.9% of the basic pay |
| City Compensatory Allowance(CCA) | 3% or 4%(depending on the place of posting) |
| Leased House Accommodation | Minimum- Rs 8000/-(Rural) Maximum- Rs 29500/-(Urban) |
| Medical Insurance | 100% for employees 75% for families |
| Travelling Allowance | Reimbursement for AC-2Tier (Exclusively for official travels) |
| Petrol | Rs 1100-Rs 1300( in case of absence of personal vehicle) |
| Miscellaneous | Rs 4000/- |
| Total Compensation (Annually) | 7.5 lakhs to 12.9 lakhs |
| Loan Benefits | Concession 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 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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