Bank Probationary Officer Salary Scale (Bank PO pay Scale)

Bank PO's  salary or Bank Probationary officer's  starting salary in most of public sector banks and even in some private banks is same.  The last revision of salary of Bank PO / Bank Probationary officers has taken place wef 1st November, 2007.   All newly recruited POs are placed in the following scale at the 1st stage of the same.  (However, banks like SBI, ICICI bank and other private sector banks have some different start for probationary officers ) :-

Scale I - Rs. 14500 - (600x7) 18700 - (700x2) - 20100 (800x7) - 25700 [Revision has already become due wef 01/11/2012, but it is likely to take about 2 years to finalise the same i.e. by Dec 2014)

Thus, the initial Basic Pay of a Bank Probationary officer / PO  will be Rs.14,500/- (the figures in the brackets indicate the annual increment and the number of stages for which the same is applicable)


What is the total salary of a Bank PO / Probationary Officer / Management Trainee (Starting salary of newly appointed PO) :

The above indicates that the total salary of a probationary officer on joining at a metro station will be around Rs.27,908/. However, the total salary of a probationary officer who has to join in rural area will be about Rs 27078/- . [This includes HRA]. However, SBI gives four additional increments to Bank POs and thus salary will be higher by about Rs 4,000/-.See details below)

NEWLY APPOINTED BANK PO -  INITIAL SALARY /  STARTING PAY ON JOINING  [as on 1st January 2014 ] - PRE REVISED

 

	Major A Class Cities	Other Places in Area I	Other Places
	Metro Cities	(State Capital etc.)	(District Level and Rural Areas)
Basic Pay	14500.00	14500.00	14500.00
Dearness Allowance @ 96.15%	13941.75	13941.75	13941.75
CCA (3% to 4% Max. Rs540/-)	540.00	375.00	0.00
Total Salary (Excluding HRA i.e. if Leased Accommodation is availed by the officer)	28981.75	28816.75	28441.75
HRA - 8.5% ; 7.5%; 6.5%*	1232.50	1087.50	942.50
Total Salary (including HRA i.e. if officer does not avail leased accommodation)	30214.25	29904.25	29384.25

In lieu of HRA you can get leased accommodation, the amount of which varies from bank to bank and also depends on place of posting.