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 Structure||As per 6th Pay Commission||As per 7th CPC|
|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 / Gross Salary||Rs. 28,368||Rs. 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?
|Basic Salary||Rs. 14500|
|Dearness Allowance||Rs. 15964.50|
|New Settlement Allowance||Rs. 4835|
|Monthly Grand Total||Rs. 37072|
in Area I
|Metro Cities||(State Capital etc.)||(District Level and Rural Areas)|
|Dearness Allowance @ 99.9%||14485.5||14485.5||14485.5|
|CCA (3% to 4% Max. Rs 540/-)||540.00||375.00||0.00|
|Total Salary (Excluding HRA i.e. if Leased|
Accommodation is availed by the officer)
|Rs 29525.5||Rs 29360.5||Rs 28985.5|
|HRA – 8.5% ; 7.5%; 6.5%*||Rs1232.50||Rs 1087.50||942.50|
|Total Salary (Including HRA i.e. if officer does not avail leased accommodation)||Rs 30758.0||Rs 30448.0||Rs 29927.5|
|PF and Gratuity||2,236||26,836|
|Total CTC(Cost To Company)||30,061||360,732|
|Performance linked retention policy#||4500||54,000|
Check Out: Latest Bank Salary
SBI Bank PO Salary After 7th Pay Commission
|SBI PO Basic Pay||Rs. 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%.|
|HRA||9%, 8% or 7% (Depends on the place of posting)|
|Furniture Allowance||Rs. 120000/-|
|Medical Insurance||100% medical coverage for SBI employees and 75% for their family members|
|Travelling Allowance||For official travels, reimbursement of AC 2-tier fare is provided|
|Petrol||Approx. 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 Salary||Yearly Salary|
|Total (without HRA)||37,107||—|
|Gross with HRA||39,240||—|
|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%.
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