The banking sector is one of the prestigious sectors for working. Are you preparing for the banking examinations? As we all know every year various banks release the notification for recruiting the Clerk, Probationary Officers and Specialist Officers. Many individuals dream to work in the banking sector, due to its high perks and salary. But the question arises, which bank exam has the highest salary amongst all.
The bank salary depends upon the nature of the job, and as per the Bank unions and the Indian Banks‘ Association (IBA) signed a bipartite wage agreement on Wednesday, giving bank employees a 15 percent hike in November 2020. So, today we are going to provide you some details and information related to the salary which an individual gets after clearing the examination.
Bank Po Salary
There are various vacancies released every year by the SBI and IBPS for recruiting Probationary Officers. The salary offered to bank PO has many advantages with the basic pay.
SBI PO Salary
The salary which is offered by the State Bank Of India is the highest salary amongst all the public banks in India. The salary structure of SBI PO is, the basic pay is set at Rs. 27,620/- with 4 advance increments.
In the annual package of SBI PO salary, the various inclusions depending upon the place of Job Location are
- basic salary
- city compensatory allowance
- Tax & PPF
- dearness allowance
- food allowance
- compensation for bank stationery
IBPS PO Salary
After the SBI PO salary, the next is IBPS PO. Institute Of Banking Personnel Selection is the body which recruits the personnel for various banks which comes under IBPS. This also provides a good perks and salary to its employees.
The basic pay component of IBPS PO salary is Rs.23,700/- per month.
In the IBPS PO salary, there are other allowances such as special allowance, dearness allowance and HRA; the total compensation is Rs. 38703.38 per month.
Cooperative Bank PO Salary
After the SBI PO, and IBPS PO , comes the Cooperative Bank Po salary, Cooperative Banks are managed and regulated by the RBI. The basic pay of the Cooperative Bank PO salary is around Rs.30,000/-.
After the bank PO salaries and perks, let us have a look in the salary of Bank Clerk
Firstly, let us have a look at the salary structure of SBI Clerk. The starting salary is Rs. 20,950/- per month. The SBI Clerk salary includes the dearness allowance, house rent allowance and other allowances.
The basic Pay provided by the bank under the IBPS to the clerical cadre is 11,765- Rs 42,020 per month. Rs 11,765 is the basic pay in the IBPS clerk salary and the remaining pay includes dearness allowance, house rent allowance, medical allowance and transport allowance. The cash in hand with regard to the IBPS Clerk salary is Rs 19,461 for those who join initially.
Cooperative Bank Salary
The basic pay of the Cooperative Bank Clerk salary is around Rs.10,000/- during training which is for six months. Post this; the basic pay comes around Rs. 20,000/-
IBPS RRB Salary
The IBPS RRB salary details as per the various officer scale are given below:
|IBPS RRB salary- officer scale||IBPS RRB salary- Cash in hand|
|Officer Scale I||Rs 30000- Rs 36000|
|Officer Scale-II||Rs 36000- Rs 42000|
|Officer Scale III||Rs 41000- Rs 47000|
We hope that this information will be helpful for all the candidates who are preparing for the banking examination.
Keep Practicing with Adda247!!