#1
6th May 2015, 04:21 PM
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IBPS PO New Salary
Hi I am Ena and want to apply for the IBPS (Institute of Banking Personnel Selection) bank PO written exam . Can you please provide the newly revised Probationary Officer Salary ? What are the facilities given to bank Probationary Officer?
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#2
12th July 2018, 02:11 PM
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Re: IBPS PO New Salary
Hello sir, is there any one can tell me how much amount should provide by IBPS for Probationary Officer candidates? Give me IBPS Probationary Officer new salary detail?
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#3
12th July 2018, 02:11 PM
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Re: IBPS PO New Salary
In IBPS Probationary Officer is basically an Assistant Manager of Scale I in a bank. He is a Junior Manager of Grade I scale and hence called Scale I Officer. After the selection criterion is completed a Probationary Officer has to go through an intensive training program at Institute of Banking Management where they are trained. The probation period of a PO may last for 2 years. This again differs from bank to bank. The basic pay of a SBI PO is Rs 23,700. In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. The total salary thus amounts to Rs 40,239 per month. IBPS PO Salary details: Basic Pay 23700.00 Special Allowance 1836.75 DA 10163.63 CCA 870 Transport Allowance Total (without HRA) 36570.38 HRA 2133.00 Gross with HRA 38703.38 Medical Aid 8000 Entertainment 500 Newspaper 300 Petrol 3000 Telephone 400 Canteen Subsidy 400 Pension Contribution 2500 Gross Annual CTC (with HRA but without leased accommodation) 5,57,640.52 PO Salary After 11th Bipartite Settlement Increment (Percentage) % Basic Pay Gross Salary 15 % Rs.26,706/- Rs.37,068/- 20 % Rs.27,866/- Rs.38678/- 25 % Rs.29,026/- Rs.40,288/- 30 % Rs.30,187/- Rs.41,899/- Career progression for Probationary Officers in Banking Sector with Salary: Junior Management Grade Scale I: Officer i.e. PO 23700 980 30560 1145 32850 1310- 42020 Middle Management Grade Scale-II: Manager 31705 -1145 -32850 -1310 -45950 Middle Management Grade Scale III: Senior Manager 42020 -1310 -48570 -1460 -51490 Senior Management Grade Scale IV: Chief Manager 50030 -1460 -55870 -1650 -59170 Senior Management Grade Scale V: Assistant General Manager 59170 -1650 -62470 -1800 -66070 Top Management Grade Scale VI: Deputy General Manager 68680 -1960 -76520 Top Management Grade Scale VII: General Manager 76520 -2120 -85000 Executive Director (ED) Approx 1.5 + lac Chairperson and Managing Director (CMD) Approx 2 + lac |
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