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Topic Review (Newest First)
18th December 2019 03:44 PM
Neelu Bhasin
Re: Salary Structure of Bank PO in Syndicate Bank

Probationary Officer (PO) is a starting level post of an officer in a bank. After the wage revision, 11th Bipartite have settled for an increase of 15% in the IBPS PO salary.


IBPS PO Salary: Basic Pay

The Basic IBPS PO Salary is: 23700-(980×7)-30560-(1145×2)-32850-(1310×7)-42020

Probationary Officers will get a Basic Salary of Rs 23700. In addition to that there will be other allowances. The POs will also get an annual increment of Rs 980 for 7 years.

That is:

Basic Pay after 7 years – Rs 30560
Basic Pay after 2 more years – Rs 32850
Basic Pay after 7 more years – Rs 42020


IBPS PO Salary: Other Benefits and Perks

Leased Accommodation:

In some locations, the bank provides accommodation/quarters to the POs. In such cases, the HRA is not provided. The amount goes directly to the owner of the accommodation.


Travelling Allowance:
The bank also provides Travelling Allowances to the POs. Otherwise, the expenses on petrol is reimbursed.

Medical Aid

Newspaper Reimbursement

New Pension Scheme


IBPS PO Salary: Allowances

Dearness Allowance (DA)
It is revised quarterly, based on the CPI, the DA forms around 40% of the Basic Pay. It is to be noted that since DA depends upon CPI, it can increase or decrease based on the inflation rates.


House Rent Allowance (HRA)
This depends upon the location of posting of the Probationary Officers. Based on whether they are posted in metropolitan cities, big cities or other locations, the HRA can be 9%, 8% or 7% of the Basic Pay.


Special Allowance
The Special Allowance is 7.75% of the Basic Pay.


City Compensatory Allowance (CCA)
The CCA too, like the HRA, depends upon the location of posting. It can be 4%, 3% or 0% based on the job location.
18th December 2019 03:43 PM
Unregistered
Re: Salary Structure of Bank PO in Syndicate Bank

Can you provide me the salary structure for Syndicate Bank PO (Probationary Officer) which makes its recruitment through Institute of Banking Personnel Selection (IBPS) score?
27th April 2016 04:00 PM
Pathak
Re: Salary Structure of Bank PO in Syndicate Bank

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 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

(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%



PO Pay Scale at Joining Time Syndicate Bank

Pay scale
Major A class cities: Metro Cities
Other places in Area a (State Capitals etc)
Other places (dist. level & Rural Places)
Basic
2000
Salary
Rs.14500.00
Rs. 14500.00
Rs.14500.00
Dearness Allowance (110.10%)
Rs. 15964.50
Rs. 15964.50
Rs. 15964.50
CCA(4% max Rs.540=)
Rs. 540.00
Rs.375.00
nil
HRA (Major A class cities – 8.5%, Other places in Area A -7.5%, Other places – 6.5%)
Rs.1232.50
Rs.1087.50
Rs.942.50
Total
Rs. 32237.00
Rs. 31927.00
Rs. 31407.00

Add 15 % increase in pay slip as per new settlement which is expected to be implemented from June 2015(W.E.F. Nov 2012)
Rs.4835.00
Rs.4789.00
Rs.4711.00
Gr Total
Rs. 37,072.00
Rs. 36,716.00
Rs. 36,118.00

Contact Detail

SyndicateBank
Head Office
Door No. 16/355 & 16/365A
Manipal - 576 104
Udupi District
Karnataka State (India)
27th April 2016 03:58 PM
Unregistered
Salary Structure of Bank PO in Syndicate Bank

Hello sir would you please provide me information about Salary Structure of Bank PO in Syndicate Bank please make it fast for me

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