SALARY STRUCTURE OF BANK JOBS

BANK PO SALARY

The Bank PO salary offers many perks and incentives along with the basic pay. For this reason, aspirants preparing for jobs in the banking sector, find the PO (Probationary Officer) post as the most desirable monetarily.

The Indian bank PO salary varies for various posts like

1. Bank PO salary for SBI
2. Bank PO salary for IBPS

SBI PO Salary:

The State Bank of India boasts of providing the highest salary range among all the public sector banks in India.

The SBI PO salary structure is as follows:

• The initial basic pay starts at Rs. 27,620/- with 4 advance increments.
• In addition to the basic pay, the package of SBI PO salary also provides Dearness Allowance (DA), city compensatory allowance, petrol allowance, residence maintenance and upkeep allowance, entertainment allowance. Also, bank leased accommodation of 2-3 BHK is provided to the officers which helps in saving a major chunk of their salary which would otherwise be spent on house rent.
• The average compensation per annum for SBI PO comes to around Rs. 11.55 to Rs. 12.93 lakhs annually.

IBPS PO Salary:

The Institute of Banking personnel Selection is the chief recruiting body for all PSBs other than SBI. The public sector banks follow the IBPS salary structure which is different from the SBI salary structure.

The following is the IBPS PO salary structure:

• The basic pay component of IBPS PO salary is Rs.23,700/- per month.
• In the IBPS PO salary, there are other allowances such as special allowance, dearness allowance and House Rent Allowance. The total compensation amounts to Rs. 50k-60k per month.
• The gross annual package of an IBPS PO comes to around 7-8 lacs.

Bank Clerk Salary:

The Bank Clerk salary varies with respect to different banks.

SBI Clerk Salary:

The SBI Clerk salary has a pay scale is as follows:

Rs. 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230-1310/1- 31540.

The SBI Clerk salary structure will be including the dearness allowance, house rent allowance and other allowance the gross starting salary amounts to Rs. 20,950/- per month.

IBPS Clerk Salary:

The IBPS Clerk salary structure is as follows:

• The basic IBPS clerk salary is Rs 11,765 per month.
• The remaining pay includes dearness allowance, house rent allowance, medical allowance and transport allowance.
• The cash in hand with regard to the IBPS Clerk salary is Rs 19,461 for those who join initially.

Cooperative Bank Clerk Salary

The cooperative bank Clerk salary is decided as per the guidelines in the Cooperative Society Act, 1912.

The basic pay of the Cooperative Bank Clerk salary is around Rs.10,000 during training which is for a duration of 6 months. After this, the basic pay comes to around Rs. 20,000.

IBPS RRB Salary

The IBPS RRB bank post has divisions such as office assistants, officer scale I, II & III. Below is the salary structure for these posts.

The salary structure for office assistant is in the range of Rs. 7200-400/3-8400-500/3-9900-600/4-12300-700/7-17200-1300/1-18500-800/1-19300. Rs 19000- Rs 22000 is the cash in hand for new joiners.

The IBPS RRB salary details as per the various officer scales are given below:

IBPS RRB salary- officer scale	IBPS RRB salary- Cash in hand
Officer Scale I	Rs 30000- Rs 36000
Officer Scale-II	Rs 36000- Rs 42000
Officer Scale III	Rs 41000- Rs 47000