Bank PO Salary
In this post we are going to tell you about the revised Bank PO Salary. Salary of a Bank Probationary Officer has been revised this year. Now the salary of a Bank PO is even more attractive.
Time and again we have informed you about the details about Bank PO salary. In this post we will try to cover the latest situation as far as salary of a Bank PO is concerned.
Details of Bank PO Salary
Basic Salary: The starting basic salary of a Bank PO is Rs. 23700.00. However in SBI there is a provision of 4 extra increments at the time of entry itself.
Special Allowance: A Bank PO also gets special allowance which is 7.50% of the basic salary. Hence on basic salary of Rs. 23700.00 the special allowance is Rs. 1777.00
Dearness Allowance: Apart from basic salary there is also dearness allowance. Dearness allowance has increased recently. Currently the rate of Dearness allowance is 42.00%. Hence a bank PO will get about Rs. 10700.00 as dearness allowance.
So these are the three basic components of a Bank PO Salary which are basic salary, special allowance and dearness allowance.
However apart from these three components there are various other perks, allowances and benefits which are also part of a Bank PO Salary. Now we will tell you about other components of a bank PO salary.
Apart from the above mentioned items a Bank PO also gets HRA and CCA which depends on the place of posting. There are various other allowances and perks such as medical, petrol reimbursement, entertainment, newspaper allowance, servant allowance etc. The value of these allowances are about Rs. 6000 – 7000 and vary from bank to bank.
A Bank PO is also eligible for attractive leased house facility. It means that house rent is being paid to your landlord directly by the bank. Leased house facility is very attractive in almost all the banks.
There are various indirect benefits which can also be considered as part of a Bank PO salary. These benefits include concessional and interest free loans, free furniture and electronic items for your home. There are also attractive LTC facilities and various other facilities.
So despite availability of various career options the salary of bank PO is still attractive as well as competitive.
Therefore if this salary attracts you, you may start working even harder on your bank PO preparation.
If you need any sort of clarification on Bank PO Salary, you can always comment and we will clarify your doubts.