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27th January 2017, 11:30 AM
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Join Date: Mar 2013
Re: Total Salary Of PO In Syndicate Bank

Don’t worry I will let you know Syndicate Bank, Probationary Officer total salary so that you can get idea about it.

Tentative pay scale
23700 - (980 x 7) - 30560 - (1145 x 2) - 32850 - (1310 x 7) – 42020

Here Rs. 23700 is the revised basic pay of Bank PO

Thus the new entrant in a Bank as PO is liable to get Rs. 23,700 as basic pay.

Rs. 980 is the annual increment that a Bank PO will get and it will be applicable for a period of 7 years.

Allowances:
Dearness Allowance (DA): In Banks, DA is revised quarterly and is based on the CPI data as revealed by Government of India.

Special Allowance: In the latest revision, a special allowance has been added to the salary structure of Bank PO.
And it is 7.75% of the Basic Pay.

House Rent Allowance: This varies according to Bank PO’s place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.

City Compensatory Allowance: This also depends on the place of posting and can be either 4% or 3 % or 0%.

Perks:

1. Leased Accommodation: this facility is available to Bank PO in place of HRA. At some places, banks provide Official Bank Accommodation/Bank Quarter as leased accommodation. This amount is not available as cash component and will directly go to the house owner - you have got leased.

2. Traveling Allowance: Few banks provide fixed Traveling Allowance whereas others allow reimbursement of petrol bills i.e. officer must own scooter / car at the place of posting.

3. Newspaper Reimbursement: A fixed monthly amount is paid towards the cost of one newspaper.

4. Medical Aid: A fixed annual amount is paid by most of the banks (Revised amount is Rs8000/- p.a.)

5. Benefits under New Pension Scheme


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