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Bank PO Salary after 7th Pay Commission | All Banks PO Wage after Revision

Bank PO Salary

Candidate is now curious to know about Bank PO Salary after 7th Pay Commission. So here we are discussing All Banks PO Wage after Revision. Candidates selected for PO Post will get Pay Scale plus Increment which will be offered by organization.

Probationary Officer is a starting level post of any officer in a bank. PO in Bank is the responsible and reputed post. With responsibility, banking sector also provide handsome salary and lots of other allowance like accommodations to the employee other than salary.

Salary Of PO In Bank

If you are working inSBI,PNB, OBC,Axis bank, Saurashtra Gramin Bank, Bank of Baroda BOB, ICICI bank, Indian Bank and any co-operative bank, then your salary structure is all most same.As per your branch location you will get DA, HRA and other allowances.

Fresher’s candidates who want to make career with Private Sector and the Government Sector banks and want to know Bank PO Salary first may go through this page which is well maintained by the experts of recruitmentresult.com.

Check Also: Career in Banking Sector in India

Bank PO Salary

Well recruitment to Probationary Officer Post in bank depends on three stages as Prelim Exam, Mains exam and last stage is Interview. After that lucky candidates will get recruited on their desired positions.

Candidates selected will get impressive amount of pay band depending upon the particular bank. So, candidates get a glimpse of what banks are offering to their employees for probationary officer post, they just have to strike the link.

Bank PO Salary after 7th Pay Commission

As shown in below table, Bank PO will get current salary approx to Rs. 28000 per month. Recommended salary as per 7th pay commission is around 41000 per month. This seventh pay scale and initial salary is proposed salary.

Salary StructureAs per 6th Pay CommissionAs per 7th CPC
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 / Gross SalaryRs. 28,368Rs. 41,490

Get Here: Eligibility for Bank

Other Benefits of Bank Job

Check other main benefits payable on a monthly basis as a part of the salary of PO. You can check details here. In addition to Basic Pay, bank officers are eligible for the following allowances –

  • Good salary package
  • Medical facility
  • Healthy working environment
  • Comfortable working environment
  • Accommodation Facility
  • Easy loan available compare to other person.
  • No political pressure

What is the Salary of Bank PO?

Syndicate Bank PO Salary

Basic SalaryRs. 14500
Dearness AllowanceRs. 15964.50
CCARs. 540
HRARs. 1232.50
New Settlement AllowanceRs. 4835
Monthly Grand TotalRs. 37072

Bank Of Baroda PO Salary

AllowancesMajor A
Class Cities
Other Places
in Area I
Other Places
Metro Cities(State Capital etc.)(District Level and Rural Areas)
Basic Pay14500.0014500.0014500.00
Dearness Allowance @ 99.9%14485.514485.514485.5
CCA (3% to 4% Max. Rs 540/-)540.00375.000.00
Total Salary (Excluding HRA i.e. if Leased
Accommodation is availed by the officer)
Rs 29525.5Rs 29360.5Rs 28985.5
HRA – 8.5% ; 7.5%; 6.5%*Rs1232.50Rs 1087.50942.50
Total Salary (Including HRA i.e. if officer does not avail leased accommodation)Rs 30758.0Rs 30448.0Rs 29927.5

ICICI Bank PO Salary

SubjectMonthlyAnnually
Basic11,000132,000
HRA5,00060,000
Conveyance Allowance2,50030,000
Superannuation Allowance165019,800
Leave-Travel Allowance200024,000
Additional HRA312537,500
Canteen130015,600
Reimbursements
Medical125015000
Total27,825333,900
Retrials
PF and Gratuity2,23626,836
Total CTC(Cost To Company)30,061360,732
Performance linked retention policy#450054,000
Total34,561414,732

Check Out: Latest Bank Salary

SBI Bank PO Salary After 7th Pay Commission

SBI PO Basic PayRs. 27620/- (4 Increments also applicable)
Dearness Allowance (DA)46.9% of the Basic Pay (Revised Quarterly)
(CCA)This varies with the place of posting at 4% or 3%.
HRA9%, 8% or 7% (Depends on the place of posting)
Furniture AllowanceRs. 120000/-
Medical Insurance100% medical coverage for SBI employees and 75% for their family members
Travelling AllowanceFor official travels, reimbursement of AC 2-tier fare is provided
PetrolApprox. Rs. 1100-1250
SBI PO Gross Salary with HRA Total Compensation:  ₹7.55 lakhs and maximum of ₹12.93 lakhs depending on the place of posting and other factors.

Check Here>>SBI Bank PO Salary

IBPS Bank PO Salary

 Monthly SalaryYearly Salary
Basic Pay23,7002,84,400
Special Allowance1836.7522041
DA10,7001,28,399
CCA87010440
Transport Allowance00
Total (without HRA)37,107
HRA213325596
Gross with HRA39,240
Medical Aid8000
Entertainment5006000
Newspaper3003600
Petrol300036000
Telephone4004800
Canteen Subsidy4004800
Pension Contribution250030000
Gross Annual CTC (with HRA but without leased accommodation)5,64,076

Read also>>IBPS PO Salary

Bank PO Salary and Allowances:

Dearness Allowance (DA): Dearness Allowance is cost of living adjustment allowance. It is given in all govt and public sector Probationary officers. This allowance is revised after three months and based on Consumer Price Index.

HRA: House Rent Allowance depends on place of posting so it can be either 9.0% or 8.0% or 7.0%. 10% HRA is given metro cities, 9% for population more than of 12 lakhs & Goa, for the population more than of 5 lakhs 7.5% and 7 % for other cities.

CCA: City Compensatory Allowance is also based on place of posting. It can be either 4% (maximum Rs. 870/-) or 3% (Maximum Rs. 600/-) or 0%.

Want to Know? How to Get Bank Jobs

Final Words:

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