IBPS PO Salary in India | Bank PO Ki Salary Kitni Hoti Hai?

The total pay as stated under the New Pension Scheme for Bank Probationary Officer is as follows:

23700 – (980 x 7) – 30560 – (1145 x 2) – 32850 – (1310 x 7) – 42020

Revised basic pay of Bank PO: Rs. 23700

In addition to that, Rs. 980 is the annual increment that a Bank PO will get applicable for a period of 7 years.

Bank PO Ki Salary me kyi perks and allowances bhi include hote hai, to unki jaankari yahan hai

Besides the basic pay, a PO is entitled to receive following Allowances:

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

The last Revised DA for the quarter of November and December, 2015 and January, 2016 is 39.80% of the Basic Pay.

Since it depends on CPI, DA can go up with higher Inflation and vice versa.

2. 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.

3. 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.

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

Hence the total Salary (without HRA) of Bank PO becomes Rs. 35,700 – 36,570. While considering the HRA into account, it becomes Rs. 37,360 -38,700.

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.)