Which bank exam has the highest salary?

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
  • petrol
  • food allowance
  • compensation for bank stationery

Also Read: SBI PO Salary 2021- In Hand Salary, Pay Scale, Allowance, Perks, Job Profile & Promotion

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.

Also Check: IBPS PO In Hand Salary 2021 | Probationary Officer Salary Without Deduction

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/-.

 

Bank Clerk

After the bank PO salaries and perks, let us have a look in the salary of Bank Clerk

SBI 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.

Check: SBI Clerk Salary 2021: Know Job Profile, Career Growth

IBPS Clerk

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.

Also check: IBPS Clerk In Hand Salary 2021 | Clerk Salary Without Deduction

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

 

Also read: IBPS RRB Salary 2021: Check Officer Scale 1 & Clerk In-hand Salary, Job Profile and Promotion

We hope that this information will be helpful for all the candidates who are preparing for the banking examination.

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