Bank PO is high salaried job or not

Is Bank PO is high salaried job or not, please provide here bank PO exam salary & more details???

[Kiran Chandar]

Bank PO Salary after revision will be anywhere between Rs.38,678 to Rs.41,899.

Bank PO salary comprises following:

Basic Pay
Dearness Allowance
HRA
& much more.

Please provide me the details of the Bank’s Probationary Officers Salary and whether it is a high paying Job or not?

[pawan]

Bank PO’s salary or Bank Probationary officer’s starting salary in most of public sector banks and even in some private banks is same. The latest revision of salary of Bank PO / Bank Probationary officers has taken place wef 1st November, 2012 (The final agreement has been signed only on 25th May, 2015) .

The revised income as on 1st June 2015 will be as per Scale I given below:

Scale I - 23700 - (980 x 7 ) - 30560 - (1145 x 2 ) - 32850 - (1310 x 7) - 42020
(the figures in the brackets indicate the annual increment and the number of stages for which the same is applicable)

In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) are entitled for the following allowances :-

(a) Dearness Allowance (DA) : DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India.
The new revised present DA (for the month of May 2015, June 2015 and July 2015 is 33.70% of the Basic Pay). DA can go up with elevated inflation and also come down if the inflation rate is in negative.

(b) Special Allowance: This has been additional in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also payable

(c) HRA : This depends on the place of employment and it can be either 9.0% or 8.0% or 7.0% depending on the place of employment.

(d) CCA : This also depends on the place of employment and can be either 4% (maximum Rs.870/-) or 3%(Maximum Rs.600/-) or 0%


NEWLY APPOINTED BANK PO - INITIAL SALARY / STARTING REVISED PAY ON JOINING [as on 1st June, 2015 ]

The format of Data is as given:
Major A Class Cities*
Area - I*
Other Areas

Basic Pay
23700.00
23700.00
23700.00

Special Allowance
1836.75
1836.75 1
836.75

DA
8605.88
8605.88
8605.88

CCA
870.00
600.00

Transport Allowance
0.00
0.00
0.00

Total (without HRA)
35012.63
34742.63
34142.63

HRA
2133.00
1896.00
1659.00

Gross with HRA
37145.63
36638.63
35801.6

So now you can decide for yourself if this is a high paying as per your desire or not.