PO Officer

I want to do job of Probationary Officer POI in bank so can you please tell me the pay scale of PO in banks in India?

[Pathak]

Bank Probationary officer's starting salary in most of public sector banks and even in some private banks is same.

The revised salary as on 1st January 2016 will be as per Scale I given below :

Scale I - 23700 - (980 x 7 ) - 30560 - (1145 x 2 ) - 32850 - (1310 x 7) - 42020

Thus, the revised initial / starting Basic Pay of a Bank Probationary officer / PO will be Rs.23,700/- as on 1st January 2016

Major allowances payable on monthly basis as part of the salary to bank PO:

In addition to Basic Pay, bank officers are eligible 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.

(b) Special Allowance : This has been added 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 posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.

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

The total salary of a probationary officer on joining at a metro station will be around Rs.38703/-.

However, the total salary of a probationary officer who has to join in rural area will be about Rs 37359/- . [This includes HRA].

However, SBI gives four additional increments to Bank POs and thus gross salary will be higher by about Rs 5000/-.pm See details below)

Newly Appointed Bank Po - Initial Salary / Starting Revised Pay On Joining [As On 1st January, 2016 ]

Major A Class Cities* Area - I* Other Areas

Basic Pay 23700 23700 23700
Special Allowance 1836.75 1836.75 1836.75
DA 10163.63 10163.63 10163.63
CCA 870 600
Transport Allowance 0 0 0

Total (without HRA) 36570.38 36300.38 35700.38

HRA 2133 1896 1659

Gross with HRA 38703.38 38196.38 37359.38