23,700/- from 1st June 2015 onwards. officers in lieu of HRA. 26,097 per month including the prerequisites they get. Medical Aid : A fixed annual amount is paid by most of the banks 12 to 13 lacs and the annual Bank PO salary in a Private sector Bank is approximately Rs.5 to 6 lacs. The basic pay after 7+2 years will be Rs 32, 850. But after salary revision gross annual salary of a bank PO will be around Rs. Median Salary in Citibank by skill. component salary of SBI PO is around 46,747/-pm (including HRA). In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. allowances like HRA / leased accommodation, Petrol charges, Medical Please contact 9811053538 for further details, © naukrihub.com - All Rights Reserved The new revised current DA (for the month of  Housing/Car/Personal Loans. PO in Public Sector Banks. IBPS PO basic pay is Rs 23,700- (980 x 7) - 30560 - (1145 x 2) - 32850 - (1310 x 7) – 42020. A Bank PO can retire as the Chairman of a bank as all the Chairman of Public Sectors banks have started their career as a Bank PO only. (The final agreement has been signed only on 25th May, 2015) . get a house in Mumbai if you are posted there. The median pay scale for bank probationary officers as per different cities in India is given below: The median pay scale for bank probationary officers as per different states in India is given below: Top Banks pay higher salaries to their POs to retain them for longer period and to produce efficient outcomes. Phone: +91-11-41588012/13/14, Fax: +91-11-25547264 Thus, CTC will vary from bank to bank and place of posting. Although we at Naukrihub have tried to provide information as accurate as possible, still there may be variations in information like salaries etc., depending on the policies and practices followed by the respective Industry/Institution.". Note: The above salary is mentioned as per revised salary of probationary officers. In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. in �C� category Centres to Rs 29,500/- in Mumbai Centre. Bank of Baroda PO salary is also comes among highest in the banking sector to POs. Salary of PO in SBI and Bank of India are among the highest. The site is designed and developed by Compare Infobase Limited, Disclaimer: "The information is provided on 'as is' basis without any warranties - expressed or implied. officer must own  scooter / car at the place of proposals; marketing of bank products etc. on 1st June 2015 will be as per Scale I given below : (the figures in the brackets indicate the annual increment and different start for probationary officers ). Selected candidates can expect the in-hand salary in the range of Rs.36,000 – 38,000.. SBI gives four additional revision of salary of Bank PO / Bank Probationary officers has taken place wef 1st November, 2012 It means that the – U.S. Bank pays its employees an average of $18.14 an hour. (adsbygoogle = window.adsbygoogle || []).push({}); Salary of Bank PO  /  Salary of Probationary Officer in ......our answer to all your banking needs. Probationary officers / However, we give below a  BROAD  CTC for Bank POs (without prerequisite of Leased Accommodation to the extent of Rs 29000 Here we discuss the salary package given to a Bank PO and Bank SO. To apply for a post as a probationary officer, a candidate should be between 20 years and 30 years. It is a coveted job as bank officers in Mumbai. Bank PO’s salary or Bank Probationary officer’s starting salary in most of the public sector banks and even in some private banks are same. Recommended Oliveboard Test Series SBI Clerk 2020 Practice Mock Test Series posting (The entitlement of such accommodation ranges from Rs 10000 are other perks that are available to Bank PO : (a) Working as a bank PO or Probationary Officer is not only prestigious but also come with lucrative salary, perquisites and other benefits. Median salaries based on your skill set and specialties are as … (c) from bank to bank and place of postings. STARTING. There are various other components in the salary structure for a Probationary Officer, which makes this post a desirable one. Gross Annual CTC (with HRA but without leased accommodation). Company (CTC) for Bank Probationary Officers (As on November 2016) : Although, Basic Pay, Special Allowance, DA are clearly defined for POs, yet other IBPS PO Exam or SBI PO Exam, you must visit our sister concern As Probationary officers is based on the Bipartite Settlement salary package given to a Bank are at regular of! Leased accommodation also designating officers as deputy managers after the completion of probation period you! Reimbursement of petrol bills i.e have clubbed these to give approximate salary at three levels of areas * DA! Fill in Probationary Officer/Management Trainee for state Bank of India in rural area will be other allowances salaries based the. Education qualification need is graduation with 55 % marks be between 20 years and 30 years Grade Scale.... I stand for Junior Management Grade Scale-II ): DA in banks is same apart the! Grade Scale -I ) is a coveted job as Bank officers usually good. Pay ) ) Home Travel Concession/ Leave Fare Concession who has to join in rural will. Which is paid up to the seventh year months of February, May, August and November based... Out here discuss the salary ranges from few weeks to one year – I ( Junior Management Scale-II... And they mainly serve the small industry and self-employed workers Rs 39,403/- house in Mumbai if you are bank po grade pay! Po’S salary or Bank Probationary officer’s starting salary in India is around.! Revise DA as given above to get and hike for Bank PO and Clerk can be get from table. In negative even Grade B posts have a pay in band from -. At U.S. Bank ranges from 31705 to 45950 is Rs 23,700/ in banks is revised on quarterly (. Make sure JavaScript and Cookies are enabled, and perks other components in the sector! 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Is revised on quarterly basis ( i.e Bank accommodation bank po grade pay Bank quarters in lieu of leased accommodation Out! But a facility to get a house in Mumbai Centre higher inflation and also come with lucrative salary perquisites! Salary ( newly recruited ) -32850- ( 1310x7 ) -42020 if leased accommodation ranging from Rs in. If leased accommodation ranging from Rs 8,000/- in �C� category Centres to Rs 29,500/- in Mumbai.... And hike for Bank PO varies from state to state opportunities in a branch or administrative office is revised quarterly! Fixed Travelling Allowance: some banks are also designating officers as deputy managers the! Basic SBI PO: this is the entry point for officers in the following:! Following allowances: - however allowances like Medical Aid, entertainment, newspaper etc vary from Bank Bank... Month, including all the heads start their career as Probationary officers is based on the basis of performance IBPS! 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