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Bank Probationary Officer (PO) Salary 2024 | Monthly in Hand Payment, Promotion & Perks

Bank PO Salary 2023 The total compensation package includes a Basic Salary of Rs41,960/- along with a Dearness Allowance (DA) of Rs. 21,872 on the Basic Pay, a Conveyance Allowance (CCA) of Rs3,776 a Learning Allowance of Rs 600/- and a Special Allowance of Rs. 6,881, resulting in a Gross Salary of Rs.76,490/-. Deductions from this salary comprise Provident Fund (PF) contributions of Rs. 4,196, Contributory Provident Fund (CPF) of Rs6,053/- and Income Tax as per applicable rules, along with other deductions totaling Rs. 10,249. Consequently, the Bank PO Salary initial in-hand salary amounts to approximately Rs.66,241/- per month.

Bank PO Salary Govt Jobb

Bank PO Salary 2024 (Bank Wise)
Bank (PO)  Basic Pay  Allowance
State Bank of India (SBI) ₹41,960  ₹10,500
Bank of Baroda (BOB) ₹36,000  ₹5,904
Canara Bank ₹36,000  ₹5,904
Bank of India (BOI) ₹36,000  ₹5,904
Punjab National Bank (PNB) ₹36,000 ₹5,904
Union Bank of India (UBI) ₹36,000 ₹5,904
Central Bank of India (CBI) ₹36,000 ₹5,904
Indian Overseas Bank (IOB) ₹36,000 ₹5,904
Oriental Bank of Commerce (OBC) ₹36,000 ₹5,904
UCO Bank ₹36,000 ₹5,904
Syndicate Bank ₹36,000 ₹5,904
Andhra Bank ₹36,000 ₹5,904
Corporation Bank ₹36,000 ₹5,904
Punjab & Sind Bank ₹36,000 ₹5,904
United Bank of India ₹36,000 ₹5,904
Bank of Maharashtra ₹36,000 ₹5,904
☛ Bank Govt Jobs 2023

Bank Probationary Officer (PO) Salary 2023

Bank PO Salary   2023 ⬇
Bank PO Salary  Amount 
Basic Salary ₹36,000 - ₹41960/-
Dearness Allowance (DA) Rs 21872/- Of Basic Pay
CCA Rs 3776/-
Learning Allowance Rs 600/-
Special Allowance Rs 6881/-
Gross Salary  Rs 76490/-
PF Rs 4196/-
CPF Rs 6053/-
Income Tax As per rule
Deductions Rs 10249/-
शुरुआती इन-हैंड वेतन Rs.66241/- (Approx Per Month)
☛ Sarkari Exam

Bank PO Salary 2023

Bank PO Salary gets various allowances. Some of these allowances are DA, HRA, CCA, and details.

Dearness Allowance (DA)   26% Of( Basic Pay)
House Rent Allowance (HRA) 7% - 9% by Location
City Compensatory Allowance 3% - 4% depending on location
Medical Allowance 100% covered
Traveling Allowance AC 2-tier fare reimbursed
Petrol Allowance Rs. 1,100 - 1,250
Newspaper Allowance Varies based on Cadri
Entertainment Allowance Varies based on Cadri
Book Allowance Varies based on Cadri
Other Allowances Varies based on Cadri

Bank PO Salary Structure 2023

Bank PO Salary begins with a monthly salary of Rs. which can go up to Rs4960/-The exact amount they get each month can change because of deductions and allowances. Initially, they receive around [insert net amount] each month. This means their retirement benefits could be even more than the highest salary mentioned. If you want more details about their pay, you can find them below.

Bank PO Salary Allowances

The standard responsibilities of a Bank PO predominantly occur in an office environment, primarily situated in urban and metropolitan regions. Their core duties revolve around maintaining office facilities and overseeing document management. Moreover, in 2023, Bank POs receive a range of allowances, as detailed in the table presented below.

Bank PO Salary   ALLOWANCES⬇
HRA (House Rent Allowance) 7% - 9% depending on Place of
TA (Travel Allowance) As Per Applicable
DA (Dearness Allowance) 26% of the Basic Salary
Additional Digitization and the Digital Work, Bonus on Festival, and other
☛SBI Govt Jobs 2023

UCO Bank PO Salary Slip

The UCO Bank Probationary Officer (PO) receives a salary consisting of a basic pay of ₹36,000.00, dearness allowance (DA) of ₹14,011.20, and various allowances like house rent allowance (HRA), city compensatory allowance (CCA)/local allowance, special allowance, and others, totaling ₹2,520.00. With additional components such as rent allowance, urban hardship allowance, and special allowances, the gross salary amounts to ₹62,266.56.


Bank PO Salary Promotion 

The Bank Probationary Officer (PO) position offers a competitive starting salary with attractive benefits and allowances. What makes it particularly appealing is the excellent scope for career growth within the State Bank of India. Through a well-defined promotion policy and ongoing training opportunities, diligent officers can quickly advance to higher managerial roles, making the SBI PO job a coveted position in the banking sector.

Bank PO Promotion & Salary 2023
Post Name  Salary (Per Month)
 Assistant Manager Rs 45000/- 
Assistant General Manager Rs 89,760/-
Deputy Manager Rs 50,160/-
Manager  Rs 60,960/-
Chief Manager Rs 74,460/-
 Assistant General Manager Rs 2,57,860/-
Chief General Manager Rs 1,55,860 /-
Deputy General Manager Rs 1,07,860/-
Deputy Managing Director Rs 2,01,860/-
General Manager Rs 1,29,860/-
✦ Check more details below (⬇)


Probationary Officer Salary 2023 Faqs

⭐What is the basic salary of a Probationary Officer (PO)?

The basic salary for a Probationary Officer is Rs. 41,960 per month.

⭐What is Dearness Allowance (DA), and how much does it add to the basic salary?

Dearness Allowance (DA) for an SBI PO is Rs. 21,872 per month. It is an allowance provided to employees to compensate for the rising cost of living.

⭐Can you explain the acronym "CCA" and its amount in the salary structure?

CCA stands for City Compensatory Allowance, and for an SBI PO, it amounts to Rs. 3,776 per month. It is an allowance provided to employees working in cities with a higher cost of living

⭐What is the purpose of the Learning Allowance and Special Allowance?

The Learning Allowance for a PO is Rs. 600 per month, and the Special Allowance is Rs. 6,881 per month. These allowances are designed to support the professional development and well-being of the employees.

⭐ After all deductions, what is the approximate in-hand salary for a Probationary Officer?

After deductions, the approximate in-hand salary for a Probationary Officer is Rs. 66,241 per month. This figure represents the salary an employee takes home after various deductions, including Provident Fund (PF), Income Tax, and other deductions as per the rules.



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