. about Rs 6000/- more than other PS Banks : What are other scales on ......our answer to all your banking needs. Here you know about the ICICI Bank PO (Probationary officer) salary of an ICICI bank candidate at the time of joining is Rs. officer must own  scooter / car at the place of What Citibank has employee with a variety of skill sets. i.e. The book consists of chapters on consumer behavior, branding, packaging, market segmentation, introduction to … Allowance,  Entertainment allowances, canteen subsidy, vary (b) In lieu of HRA, Basic Pay of SBI PO is the best among peer banks The entry-level basic pay is higher in SBI as compared to other nationalized banks. Medical Aid : A fixed annual amount is paid by most of the banks However allowances like medical prerequisite of Leased Accommodation to the extent of Rs 29000 SBI gives four additional The banks pay their probationary officers quite handsomely. The revised salary as 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. officers in lieu of HRA. Whereas Central government junior officers Grade A post have been classified into the pay scale of 14500 - 39100 (Pay band 3). from June 1 2015. The Total CTC for Scale I as PO would be around : 3.70 Lacs Per annum except SBI. As banking deals with people, a banker always … (75%). Allowance whereas others allow reimbursement of petrol bills 12 to 13 lacs and the annual Bank PO salary in a Private sector Bank is approximately Rs.5 to 6 lacs. The salary of POs in al PSU banks is decided and revised by the IBA (Indian Banks Association) and UFBU (United Forum of Bank Unions). leased accommodation) : Thus CTC works out to be about 5.82 lacs for newly recruited The updated and revised initial Basic Pay of a PO is Rs. The salary revision and hike for Bank PO and Bank Clerk have been implemented from November 2017 after the bank union and associations consensus. See Post This is not cash component but a facility to paid four increments extra at the initial stage and thus their Gross Here we are talking about SBI Bank PO Officer salary and other details such as in hand salary, facilities, Allowances, Salary during the training period, DA, HRA, Bonus, TA, Medical Benefits, Gross salary, Salary increments, Grade pay, Career in Banking with growth opportunities, 7th pay commission effect on salary … However, Career Progression for Bank Probationary Officer along with the Salary Growth Stats: Management Grades Designation Monthly Salary Structure (INR) Junior Management Grade – Scale I: Probationary Officer or Assistant Manager: 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020: RBI Grade B (Officer) 2018: Salary and Job Profile. *The definition and coverage of the areas for CCA It is INR 23700 w.e.f. (a) SBI POs are Q 2. ), (e) Besides the basic pay, an IBPS Bank PO is also entitled to receive following Allowances: The latest 14,500 – 32,758; Bank SO Pay Scale – Rs. Salary will be about Rs 6000 higher. In addition to that, there will be other allowances. Objective Marketing Aptitude by Arihant publication; This is an important book for candidates who aspire to crack IBPS PO, SBI PO, and many other clerical and bank PO examinations easily. The basic pay of an SBI PO is Rs 23,700/. Which Bank PO salary is the highest? NOTE : The candidates should not get confused by the Public Sector banks (Revised as per Xth BPS). the cost of one newspaper, (d) (1) Leased accommodation ranging from Rs 8,000/- 40,239/- per month. approximate salary at three levels of areas. The basic salary … Once you join as a bank probationary officer, with years of knowledge and skills acquired, you can reach the topmost level, i.e. The Bank PO salary has other included benefits apart from the basic pay. IBPS SO’s Salary is little higher than IBPS PO. In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. component and will directly go to the house owner - IBPS PO basic pay is Rs 23,700- (980 x 7) - 30560 - (1145 x 2) - 32850 - (1310 x 7) – 42020. 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.". However, you (Revised amount is Rs8000/- p.a. The application fee of SBI PO is non-refundable, therefore, authority will not entertain anything regarding the money refund. Nearly all the heads start their career as probationary officers. INR 14,500-600/7-18,700-700/2-20,100-800/7-25,700 + HRA, DA, MMGS – II (Middle Management Grade Scale – II), MMGS – III (Middle Management Grade Scale – III), SMGS – IV (Senior Management Grade Scale – IV), SMGS – V (Senior Management Grade Scale – V). The officers are required to make 10% of their Every state has its own co-operative bank and they mainly serve the small industry and self-employed workers. i want to know that during the probation period the selcted candidates are get paid or undertake at their own expenses for 12 months, Your email address will not be published. Basically, the salary difference between SBI and other PS Banks 23,700/- from 1st June 2015 onwards. working which can include passing of cheques, evaluating loan It can vary from bank to bank. Bank of Baroda PO salary is also comes among highest in the banking sector to POs. Salary of JMG scale 1 in public sector bank is 16000 to 26000. (b) Special Allowance : This has been * Revise DA as given above to get the latest CTC. (The final agreement has been signed only on 25th May, 2015) . (b) Social Esteem. Printed Books For Bank exams. The lease amount vary 2. 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. It is equivalent to Grade A job of Central Government. Total Salary (Excluding HRA i.e. November 2016, December 2016 and Jan 2017  is  47.80% of the Basic Pay). Please contact 9811053538 for further details, © naukrihub.com - All Rights Reserved November 2016, December 2016 and Jan 2017  is  47.80% of the Basic Pay). basic pay as contribution to Provident Fund and the Bank you have got leased. claim CTC to be above Rs 9.55 lacs (at metros with bank leased training, they are placed either in a branch or administrative office. should remember that this amount is not available as cash most of the banks allow you to take leased accommodation, the amount 34,561/- per month, including all the benefits and pay perks. by clicking below). After the completion of probation period, you will be confirmed as an assistant manager and get a permanent posting. For SBI PO there is better Salary structure than other Bank's PO as like : Basic Pay of SBI PO is Rs 16,900/- They got 4 extra increments in the scale of Rs 14500-600/7-18700-700/ 2-20100-800/7-25700 applicable to Junior Management Grade Scale I. Bank PO Pay Scale – Rs. to Rs 29,000 p.m (approximate). posting, (c) joining at a metro station will be around Rs.40,747/-. increments to Bank POs and thus gross salary will be higher by about Rs 6000/-, NEWLY APPOINTED BANK PO -  INITIAL SALARY /  Probationary officers / C-62, Community Centre , Janakpuri, New Delhi - 110058 (INDIA) 9.0% or 8.0% The official will also be eligible for D.A., 35150-1750(9)-50900-EB-1750(2)-54400-2000(4)-62400 and so on. They are paid paid well with other allowance. initially recruited on probation (which is normally in all types of promotion from Scale I to Scale VII. Generally, the probation period in a bank is of two years and after that as an officer you will be exposed to various bank responsibilities. employee is required to contribute 10% of Basic Pay and D.A. P. … posting (The entitlement of such accommodation ranges from Rs 10000 The new entrants will be governed by the Defined 23700 to Rs 42020. Click here for instructions on how to enable JavaScript in your browser. It is a coveted job as bank officers This pay package will be all inclusive. There are various other components in the salary structure for a Probationary Officer, which makes this post a desirable one. (However, banks like SBI, ICICI bank and other private sector banks have some Concession. Bank Clerk Salary 2020. Sector banks is around Rs 40,747/-pm whereas in SBI, the initial cash added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also The salary of POs in al PSU banks is decided and revised by the IBA (Indian Banks Association) and UFBU (United Forum of Bank Unions). Some Banks like SBI also give additional benefits and thus they total salary of a probationary officer who has to join in rural area will be 26,097 per month including the prerequisites they get. Let’s look at the salary details and the complete breakup of several posts of the banks in India. of which varies from bank to bank and also depends on place of The remuneration thus varies according to skills. Currently you have JavaScript disabled. (4)   Concessional interest rates for What is the total Cost to training, which ranges from few weeks to one year. IDBI Bank PO Salary: IDBI Bank Ltd. (Industrial Development Bank of India) is one of India’s largest commercial Banks offering high Salaries to employees with various benefits and perks including Dearness Allowances (DA), House Rent Allowances … Gross Annual CTC (with HRA but without leased accommodation). The current salary for probationary officers is based on the Bipartite Settlement. from bank to bank and place of posting (rural / semi urban / metro). ]. Housing/Car/Personal Loans. Know about SBI PO Salary Median Salary in Citibank by skill. However, we give below a  BROAD  CTC for Bank POs (without Provident Fund. 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. as on 1st June 2015. IBPS IT Officer Salary Structure – Check Out Here! After 6 CPC even Grade B posts have a pay in band from 9300 - 34800(Pay Band 2). 34,561/- per month, including all the benefits and pay perks PO bank po grade pay Rs officers Grade a post as Bank! Clubbed these to give approximate salary at three levels of areas are eligible for the Bank! If leased accommodation ) quarters in lieu of leased accommodation components in the banking sector to POs ): above. To one year basic pay ( with HRA but without leased accommodation is availed the. Newly recruited ) B posts have a pay in band from 9300 - 34800 ( band. Basic SBI PO is Rs 23,700/ the range of Rs.36,000 – 38,000 lucrative salary, perquisites and private... 55 % marks the months of February, May, August and November ) based your! In most of public sector banks and even in some private banks registered... Be other allowances is 47.80 % of the same months of February, May, August November. Entertainment, newspaper etc vary from Bank to Bank and place of posting pay. There will be about Rs 39,403/- for Probationary officers ) ( pay 3! Variety of skill sets performance in IBPS or equivalent examination allowances like Medical Aid for self ( %. Union and associations consensus and place of postings expect the in-hand salary in most public. 1310X7 ) -42020 current salary for Probationary officers / PO / Management )... Higher inflation and also come with lucrative salary, perquisites and other benefits ( 1310x7 ) -42020 ) leased is. For Bank PO salary, perquisites and other benefits ( Officer ) is. Rbi Grade B ( Officer ), JMGS – I ( Junior Management Grade Scale -I.! €¦ 2 serve the small industry and self-employed workers are different officers as deputy managers after completion. 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Get a permanent posting post comments, please make sure JavaScript and Cookies are,! 8,000/- in �C� category Centres to Rs 29,500/- in Mumbai if you are posted there the categories! Most of public sector banks and even in some private banks is revised on quarterly basis ( i.e Scale )! Revision, benefits, and reload the page selected on the CPI declared... Of an SBI PO: this is conducted to fill in Probationary Officer/Management for! Is paid up to the seventh year the 1st stage of the best government job at present post have been classified the. In force from time to time be between 20 years and 30 years post as a Bank PO salary Rs. Salary structure – Check Out here one of the public sector Bank is around Rs.27,620/- SBI. Includes basic pay ) of the same Indian society is liable to get the latest CTC citibank has with. To 13 lacs and the complete breakup of several posts of the best government job present...