Bank PO Salary – Perks, Allowances and Pay Scale

Bank PO Salary

In this post we are going to tell you about the Bank PO Salary. Salary of a Bank Probationary Officer has been revised in 2015. It was revised with effect from November 2012.

The revision of salary takes place every five years. It means that the revision is now due from November 2012.

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 47.80%. Hence a bank PO will get about Rs. 11330.00 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.

bank po salary

Details of salary and allowances of a bank po

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 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.

Bank PO Perks

There are various indirect benefits which are also 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.

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Comments

  1. preetam biswas says:

    sir,11th bipartite settlement when is expected to come???

  2. sujata sinha says:

    sir,
    i want to know salary of agriculture field officer in UCO bank at present.

  3. janoo kumar says:

    sir,
    plzz tell me salary of specialist officer on bank of baroda

  4. Satyannarayana Yedla says:

    Hi, I’ll turn 30 years by the month of June 2016 and I have a 3 years OBC age relaxation. Is it good to start preparation for Bank PO exam now?
    I’m working in a private organization and Mathematics background.

  5. The annual increment is aroundin base pay per month. can you tel how much final increment in cash will take place because of other components and allowances linked to base pay?

  6. I am also fill the bank po exam..I am talk to everyone never give up…..work so hard….keep it up

  7. Amit Kumar says:

    Sir
    Please tell me the importance of honours subject of Graduation degree.
    Presently I’m in 1st years of graduation.
    As i am very curious to be P.O, i’m such question.

  8. Shivendra kumar says:

    What is the salary of private bank po and their increment of salary

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