Probationary Officers or Bank Po is one of the most sought-after jobs in the banking sector. There are various exams conducted to recruit PO's in different public and private sector banks. The exams to recruit PO includes SBI PO, IBPS PO, IBPS RRB PO. The Bank PO Salary varies from bank to bank depending upon the bank. Overall the basic salary is and basic allowances in all the banks are as per the recommendations of 7 th pay commission. The salary of Bank Po through IBPS is Rs 23,700 and SBI PO gets a basic pay of around Rs. 27,620. The allowances and perks vary from bank to bank, but they generally include broadheads like Darkness Allowance, House Rent Allowance, Travelling Allowance etc. Bank Pos are also eligible for a range of benefits which shall be covered in this space along with other salary details. If you aspire to work as a PO in a leading bank of India, come and prepare with us- subscribe to Safalta's free course
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Bank PO Salary Structure
The salary structure through various examinations like SBI PO, IBPS PO, RRB PO is covered here. They all are guided by the recommendation of 7 th CPC. Allowances across the sector are almost the same but the amount may vary from bank to bank.
SBI PO Salary Structure
The basic pay of SBI PO is Rs 27,620. The pay scale is 23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020. This means the PO will get a basic of Rs 23700 with an increment of Rs 980 for the next 7 years, followed by a basic of Rs 30560 with an annual increment of Rs 1145 for the next two years and so on. The per month salary of PO in SBI is in a range of Rs. 45,000 to 50,000.
The allowances paid to SBI PO are as follows:
- Dearness Allowance is 46.9% of basic pay- Increases with time.
- City Compensatory Allowance(CCA)- 3% / 4%(depends upon the place of posting).
- Leased House Accommodation- Minimum- Rs 8000/-(Rural)/ Maximum- Rs 29500/-(Urban)
- Medical Insurance - 100% for employees/75% for family members
- Furniture Allowance- Rs 120000/-
- Travelling Allowance is also provided to PO's - A reimbursement will be offered for AC-2Tier travels (Exclusively for official travels)
- Miscellaneous -Rs 4000/-
- Total Compensation -7.5 lakhs to 12.9 lakhs annually
IBPS PO Salary Structure
The pay scale is 23700-980 (7) – 30560 – 1145 (2) – 32850 – 1310 (7) – 42020. This means the PO will get a basic of Rs 23700 with an increment of Rs 980 for the next 7 years, followed by a basic of Rs 30560 with an annual increment of Rs 1145 for the next two years and so on.
The allowances paid to IBPS PO are as follows:
- Dearness Allowance
- City Compensatory Allowance(CCA)
- Medical Insurance
- Furniture Allowance
- Travelling Allowance
IBPS RRB PO Salary Structure
The salary structure of Rs. 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42021. We have broken down the salary structure for you. The initial in-hand salary of RRB PO is Rs. 29,000 to Rs. 33,000.
||Number of Years
|After 7 years
|After 9 years
|Final grade pay
Bank PO - Job Profile
There is generally a probation period of 2 years. After that, the PO become regular officers in Banks. The role and responsibility are the same across the banks, the workload and area of work vary. The RRB officers cater to the financial need of rural and tier 2 towns more as compared to other banks. The brief job profile of Bank PO is covered here,
- Branch work - related to banking and finance.
- Sector-specific work - promoting schemes and financial products for agriculture.
- Managing single-window operating system.
- Manage day-to-day operations at Bank.
- Preparing the audit reports and NPA recovery also forms a major job task.
To know more read here.
Bank PO Salary - FAQ
Q1 What are the exams for Bank PO?
A1 The exams for Bank PO are SBI PO, IBPS PO, RRB PO.
Q2 What is the basic salary of Bank PO?
A2 The basic salary of Bank PO is Rs 23,000.
Q 3 What is the salary structure of Bank PO?
A 3 The salary structure of Bank Po is Rs. 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42021.
Q4 What is the probation period of Bank PO?
A4 The probation period of Bank PO is 2 years.
Q5 What is the basic allowances as part of Bank Po salary?
A5 The basic allowances as a part of Bank PO salary are dearness allowances, HRA, Travelling Allowances.