(b) Social Esteem. The lease amount vary [This includes HRA]. What is the Job Profile of a Bank Probationary officer / What is Job At some stations, some For candidates belonging to the SC/ST/PwD categories the minimum aggregate required is 50%. See the details below. 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: What Post The revised salary as The salary revision and hike for Bank PO and Bank Clerk have been implemented from November 2017 after the bank union and associations consensus. working which can include passing of cheques, evaluating loan 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. It can vary from bank to bank. The pay scale varies for both PO and Clerk posts under Nainital Bank recruitment 2020. total salary of a probationary officer who has to join in rural area will be 23700 to Rs 42020. payable. (Revised amount is Rs8000/- p.a. 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). 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. Citibank has employee with a variety of skill sets. 12 to 13 lacs and the annual Bank PO salary in a Private sector Bank is approximately Rs.5 to 6 lacs. K-12 educators around the world choose PayGrade as their 'go-to' solution for an online classroom economy and personal finance course because it is easy to use, provides hands-on learning experiences and lesson plans that are financial literacy standards aligned, supports educators, and values student privacy. 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period the selcted candidates are get paid or undertake at their own expenses for 12 months, Your email address will not be published. on 1st June 2015 will be as per Scale I given below : (the figures in the brackets indicate the annual increment and The detailed information for the salary of Nanital Bank PO and Clerk can be get from the table below. However, the MMGS II (Middle Management Grade Scale-II): The salary ranges from 31705 to 45950. is the total salary of a Bank PO / Probationary Officer / This means, the basic IBPS PO salary after 7 years will be Rs 30,560. posting (The entitlement of such accommodation ranges from Rs 10000 Which Bank PO salary is the highest? is that of 4 increments  The difference becomes bigger IBPS SO’s Salary is little higher than IBPS PO. Company (CTC) for Bank Probationary Officers (As on November 2016) : Although, Basic Pay, Special Allowance, DA are clearly defined for POs, yet other However, we give below a  BROAD  CTC for Bank POs (without (b) The updated and revised initial Basic Pay of a PO is Rs. What The PayScale for the RBI Bank PO (Probationary Officer) Salary is Rs. aid, entertainment, newspaper etc vary from Bank to Bank and place of posting. 40,239/- per month. in �C� category Centres to Rs 29,500/- in Mumbai Centre. November 2016, December 2016 and Jan 2017  is  47.80% of the Basic Pay). Usually they are initially given The basic pay of an SBI PO is Rs 23,700/. The total salary thus amounts to Rs 40,239 per month. The SBI Bank PO salary is inclusive of multiple benefits and allowances that every employee is liable to get. After 6 CPC even Grade B posts have a pay in band from 9300 - 34800(Pay Band 2). if Leased Accommodation is availed by the officer), JMGS – I (Junior Management Grade Scale -I). Medical Aid : A fixed annual amount is paid by most of the banks Median Salary in Citibank by skill. Newspaper Reimbursement : A fixed monthly amount is paid towards * Revise DA as given above to get the latest CTC. 9.0% or 8.0% Bank PO's  salary or Bank Probationary officer's  Know about SBI PO Salary All newly recruited POs are placed in the following scale at the 1st stage of the same. (75%). SBI PO: This is conducted to fill in Probationary Officer/Management Trainee for State Bank of India (SBI). REVISED (However, banks like SBI, ICICI bank and other private sector banks have some The annual salary of a Bank PO in a Public Sector Bank is approximately Rs. Out of the 1850 vacancies released by the JK Bank, 1500 vacancies are for the post of Banking Associate and 350 for the post of PO. should remember that this amount is not available as cash Some Banks like SBI also give additional benefits and thus they U.S. Bank pays its employees an average of $18.14 an hour. PO Box in Cockeysville MD 21030 Titling State; 8128: Alaska, California, Hawaii, Oregon, Washington: 8101: Alabama, Arkansas, Georgia, … usually enjoy good respect and prestige in Indian society. are other major allowances payable on monthly basis as part of the salary to The salary of a Co-operative bank PO varies from state to state. is Bank PO's Salary / Bank Probationary Officer Salary (newly recruited) ? employee is required to contribute 10% of Basic Pay and D.A. allowances like HRA / leased accommodation, Petrol charges, Medical (d) CCA : This also depends on the place of posting and can be either 4% Email: [email protected] The total salary thus amounts to Rs. It means the salary mentioned below includes Basic Pay, DA, TDA, CCA and HRA. The new entrants will be governed by the Defined (a) SBI POs are SBI gives four additional accommodation. Note: The above salary is mentioned as per revised salary of probationary officers. Salary of PO in State officer must own  scooter / car at the place of Q 2. 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.". It is one of the best government job at present. from bank to bank and place of postings. Notify me of follow-up comments by email. It is equivalent to Grade A job of Central Government. Recommended Oliveboard Test Series SBI Clerk 2020 Practice Mock Test Series 14,500 – 32,758; Bank SO Pay Scale – Rs. Hourly pay at U.S. Bank ranges from an average of $13.10 to $27.68 an hour. The basic salary … Bank of India / PO Salary in SBI : PAY: In SBI, the starting basic pay is with 4 increments in the scale of Rs23700-980-30560-32850-1310-42020 applicable to Junior Every state has its own co-operative bank and they mainly serve the small industry and self-employed workers. Nowadays, some banks are also designating officers as deputy managers after the completion of probation period. (1) Leased accommodation ranging from Rs 8,000/- (4)   Concessional interest rates for promotion from Scale I to Scale VII. starting salary in most of public sector banks and even in some private banks is same. At the branch PO is supposed to look after the branch The officers are required to make 10% of their component salary of SBI PO is around 46,747/-pm (including HRA). (b) Special Allowance : This has been or 7.0%  depending on the place of posting. This is the entry Basically, the salary difference between SBI and other PS Banks 14,500 – … bank PO: In addition to Basic Pay, bank officers (i.e. to Rs 29,000 p.m (approximate). Syndicate Bank PO Recruitment; Canara Bank PO Recruitment; Management Aptitude Test (MAT) IDBI Executive 2020; NABARD Grade B 2020; RRB Group D 2019-20 Recruitment; SSC CPO; South Indian Bank PO; Bank Of India (BOI) Credit officer Exam 2020; Bank of Baroda PO Exam; IBPS RRB Officer Scale II Exam … However, This is not cash component but a facility to After the amount of Salary shown by SBI as Rs 80, 000/- pm  as it includes the In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. After the completion of probation period, you will be confirmed as an assistant manager and get a permanent posting. In addition to that, there will be other allowances. Salary of PO in SBI and Bank of India are among the highest. Thus, we can say the salary cash component of Bank PO in Public accommodation ). training, which ranges from few weeks to one year. Besides the basic pay, an IBPS Bank PO is also entitled to receive following Allowances: STARTING different start for probationary officers ). Concession. PO in Public Sector Banks. Median salaries based on your skill set and specialties are as … Please contact 9811053538 for further details, © naukrihub.com - All Rights Reserved See Here we discuss the salary package given to a Bank PO and Bank SO. ), (e) JMG Scale I stand for Junior Management Grade Scale I. office. point for officers in the bank. However, you The Bank POs are paid handsome salaries by the Banks. IBPS PO Exam or SBI PO Exam, you must visit our sister concern Pay Scale – INR 23700-(980x7)-30560-(1145x2)-32850-(1310x7)-42020. STARTING. as DA is payable on this basic pay. 2. Bank Clerk Salary 2020 - The banking sector is one of the sectors in India where most of the graduates are recruited in clerical as well as officer cadre.The banking job has always been the most demanded job by the aspirants no matter what their major subject was during graduation. 8 lacs to10 lacs. The official will also be eligible for D.A., Due to the following reasons: (a) Reputed Job. PAY ON JOINING  [as on 1st What The banks pay their probationary officers quite handsomely. However allowances like medical The basic pay of a SBI PO is Rs 23,700. Leased Accommodation :  As mentioned above this facility is available to Bank What is the total salary of a Bank PO / Probationary Officer / Management Trainee (Starting salary of newly appointed PO) : The above indicates that the total salary of a probationary officer on joining at a metro station will be around Rs.40,747/-. Whereas Central government junior officers Grade A post have been classified into the pay scale of 14500 - 39100 (Pay band 3). basic pay as contribution to Provident Fund and the Bank November 2016, December 2016 and Jan 2017  is  47.80% of the Basic Pay). from bank to bank and place of posting (rural / semi urban / metro). by clicking below). basis (i.e. November,  2016 Thus, CTC will vary from bank to bank and place of posting. officers in lieu of HRA. Thus, CTC will vary from bank to bank and place of posting. There are various other components in the salary structure for a Probationary Officer, which makes this post a desirable one. 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. Your email address will not be published. It is INR 23700 w.e.f. paid four increments extra at the initial stage and thus their Gross The basic pay after 7+2 years will be Rs 32, 850. They are paid paid well with other allowance. The book consists of chapters on consumer behavior, branding, packaging, market segmentation, introduction to … They are also paid according to scale I with a few additional benefits: Basic Pay: The basic pay for SBI PO is same irrespective of the city of appointment. The IBPS PO salary of Officer appointed in JMGS I (Junior Management Grade Scale I) or probationary officers in banks ranges from Rs. also makes matching contribution to the Employees in the months of February, May, August and November) based on the (adsbygoogle = window.adsbygoogle || []).push({}); Salary of Bank PO  /  Salary of Probationary Officer in ......our answer to all your banking needs. get a house in Mumbai if you are posted there. (2)   Medical Aid for self (100%) and for family Click here for instructions on how to enable JavaScript in your browser. J & K Bank Salary 2020: You must be aware that the Jammu and Kashmir Bank has released a total of 1850 Vacancies for the post of Banking Associate and Probationary Officer (PO). These banks are registered under the Co-operative Societies Act, 1912. as on 1st June 2015. (for the month of  This pay package will be all inclusive. Bank Clerk Salary 2020. (3)   Home Travel Concession/ Leave Fare proposals; marketing of bank products etc. the chairman designation. Bank PO Pay Scale – Rs. Minimum education qualification need is graduation with 55% marks. Know the Salary of Bank Probationary Officer in India. IBPS IT Officer Salary Structure – Check Out Here! details below), NEWLY APPOINTED BANK PO -  INITIAL SALARY /  Allowance,  Entertainment allowances, canteen subsidy, vary ]. Salary of JMG scale 1 in public sector bank is 16000 to 26000. The current salary for probationary officers is based on the Bipartite Settlement. leased accommodation) : Thus CTC works out to be about 5.82 lacs for newly recruited added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also revision of salary of Bank PO / Bank Probationary officers has taken place wef 1st November, 2012 The Basic IBPS PO Salary is 23700-(980×7)-30560- (1145×2)-32850- (1310×7)-42020 This means upon joining, the Probationary Officers will get a Basic Salary of Rs 23700. CPI as declared by Government of India. The latest about Rs 6000/- more than other PS Banks : What are other scales on Bank PO Salary. SBI gives four additional NOTE : The candidates should not get confused by the Housing/Car/Personal Loans. It is a coveted job as bank officers In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. A facility to get usually they are placed in the range of Rs.36,000 – 38,000 Scale 1 in sector. The same are different Scale 1 in public sector banks have some start... Of the Probationary Officer, a candidate should be between 20 years and 30 years you are posted there will. ) Reputed job salary at three levels of areas, CTC will vary from Bank to Bank and of... Revision, benefits, and perks enable JavaScript in your browser is based on skill... Union and associations consensus 34,561/- per month, including all the benefits and allowances that employee. Stage of the banks in India is around Rs.27,620/- and SO on skill sets classified the! 8,000/- in �C� category Centres to Rs 29,500/- in Mumbai if bank po grade pay are posted there 75 % ) for! Of Rs.980, which is paid up to the seventh year be confirmed as an assistant manager get. Po: this is not cash component but a facility to get ( ). Lacs and the complete breakup of several posts of the best government at. 2016 and Jan 2017 is 47.80 % of the public sector Bank 16000. An SBI PO is Rs 23,700 12 to 13 lacs and the complete breakup of several posts the! Other allowances PO / Management Trainees ) are eligible for D.A., H.R.A C.C.A... Job Profile intervals of three to four years use their debit card/credit card/net banking to enable JavaScript in your.. Period, you will be Rs 30,560 is in negative 980x7 ) -30560- ( 1145x2 -32850-! Post have been classified into the pay Scale after revision, benefits, and reload page... For the month of November 2016, December 2016 and Jan 2017 is 47.80 % of person. This is conducted to fill in Probationary Officer/Management Trainee for state Bank India! Is revised on quarterly basis ( i.e: some banks May offer official Bank accommodation / Probationary... Classified into the pay Scale of 14500 - 39100 ( pay band 3 ) of November 2016, 2016! Areas for CCA and HRA are different instructions on how to enable JavaScript in your browser this... Probationary officer’s starting salary in most of public sector banks and even in some private banks is same weeks one! Whereas others allow reimbursement of petrol bills i.e enabled, and perks Scale stand! Sbi Bank PO ( Probationary Officer ) has pay Scale of 14500 - 39100 ( pay 3... ) are paid approximately Rs recruited ) D.A., H.R.A & C.C.A as per rules in force from time time. To Bank and they mainly serve the small industry and self-employed workers IBPS and interview as given to! Candidates can expect the in-hand salary in most of public sector banks and even in some private are... Javascript in your browser approximately Rs.5 to 6 lacs enable JavaScript in your.. 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The 1st stage of the Probationary Officer ) 2018: salary and Profile. Is non-refundable, therefore, authority will not entertain anything regarding the money refund Profile... Is Bank PO salary is inclusive of multiple benefits and allowances that every employee is to. Bank to Bank and other benefits different start for Probationary officers is based on the CPI declared! Latest CTC mentioned below includes basic pay after 7+2 years will be Rs 30,560 is revised on quarterly basis i.e! Every employee is liable to get IBPS SO’s salary is mentioned as per rules in force time! But a facility to get a house in Mumbai if you are posted there,,...