Working as a bank PO or Probationary Officer is not only prestigious but also come with lucrative salary, perquisites and other benefits. The salary of POs in al PSU banks is decided and revised by the IBA (Indian Banks Association) and UFBU (United Forum of Bank Unions). The current salary for probationary officers is based on the Bipartite Settlement.
The median pay scale for bank probationary officers as per years of experience is given below:
| Years of Experience | Median Pay Scale (per year) |
| Less than 1 year | INR 201,390 |
| 1 year to 4 years | INR 306,635 |
| 5 years to 9 years | INR 570,000 |
| 10 years to 19 years | INR 648,539 |
| More than 20 years | INR 530,623 |
| Salary | A- Class Cities Metropolitan Cities | Area I Cities (State Capitals) | District Level and Rural Areas |
| Basic Salary | INR 14,500 | INR 14,500 | INR 14,500 |
| CCA or City Compensatory Allowance (4% max INR 540=) | INR 540 | INR 375 | nil |
| DA or Dearness Allowance (54%) | INR 7,830 | INR 7,830 | INR 7,830 |
| HRA or House Rent Allowance (for A class cities – 8.5%, for Area I places – 7..5%, and for other regions – 6.5%) | INR 1,232.50 | INR 1,087.50 | INR 942.50 |
| Total Salary | INR 24,102.50 | INR 23,792.50 | INR 23,272.50 |
| Salary | A- Class Cities Metropolitan Cities | Area I Cities (State Capitals) | Category B Places | Category C Places |
| Leased House Rent | INR 7,200 | INR 5,300 | INR 13,800 | INR 2,800 |
| News Paper | INR 250 | INR 250 | INR 250 | INR 250 |
| Traveling Allowance | INR 3,000 | INR 3,000 | INR 2,700 | INR 2,300 |
| Cleaning Materials | INR 600 | INR 600 | INR 600 | INR 600 |
| Medical Aid | INR 450 | INR 450 | INR 450 | INR 450 |
| Business Development Expenses | INR 300 | INR 300 | INR 300 | INR 300 |
| Total Salary | INR 11,800 | INR 9,900 | INR 9,400 | INR 6,700 |
Apart from the perquisites mentioned above, some banks also provide INR 70,000 for furniture after every 10 years, medical expenses up to 90%, lunch allowance, and so on.
| Designation | Salary Range |
| JMGS –I (Junior Management Grade Scale – I) | INR 14,500-600/7-18,700-700/2-20,100-800/7-25,700 + HRA, DA, CCA, LTC, Medical benefits, terminal benefits as per rules |
| MMGS –II (Middle Management Grade Scale – II) | INR 19,400 to INR 34,200 |
| MMGS –III (Middle Management Grade Scale – III) | INR 25,700 to INR 35,100 |
| SMGS –IV (Senior Management Grade Scale – IV) | INR 30,600 to INR 36,200 |
| SMGS –V (Senior Management Grade Scale – V) | INR 36,200 to INR 40,400 |
The median pay scale for bank probationary officers as per different cities in India is given below:
| Name of the City | Median Pay Scale (per year) |
| Mumbai, Maharashtra | INR 589,581 |
| Bangalore, Karnataka | INR 583,264 |
| New Delhi, Delhi | INR 450,000 |
| Hyderabad, Andhra Pradesh | INR 400,000 |
| Kolkata, West Bengal | INR 270,000 |
The median pay scale for bank probationary officers as per different states in India is given below:
| Name of the State | Median Pay Scale (per year) |
| Maharashtra | INR 501,160 |
| Karnataka | INR 583,264 |
| Delhi | INR 464,516 |
| Andhra Pradesh | INR 350,000 |
| West Bengal | INR 300,000 |
| Tamil Nadu | INR 332,000 |
| Uttar Pradesh | INR 180,000 |
The banks under the Bipartite Settlement are as follows:
| State Bank of India | Allahabad Bank |
| Bank of India | Andhra Bank |
| Canara Bank | Bank of Baroda |
| Corporation Bank | Bank of Maharashtra |
| Indian Overseas Bank | Central Bank of India |
| Oriental Bank of Commerce |
To apply for a post as a probationary officer, a candidate should be between 20 years and 30 years. Candidates need to complete graduation from a recognized institute in any stream with a minimum of 55% in aggregate. For candidates belonging to the SC/ST/PwD categories the minimum aggregate required is 50%. Eligible candidates need to qualify in IBPS or equivalent examination. Candidates are selected on the basis of performance in IBPS and interview.
Once you join as a bank probationary officer, with years of knowledge and skills acquired, you can reach the topmost level, i.e. the chairman designation. Nearly all the heads start their career as probationary officers. Generally, the probation period in a bank is of two years and after that as an officer you will be exposed to various bank responsibilities. After the completion of probation period, you will be confirmed as an assistant manager and get a permanent posting. Nowadays, some banks are also designating officers as deputy managers after the completion of probation period. During the probation period you will belong to the junior management grade scale (JMHS), after that the scale would be of middle management grade scale (MMHS). The promotion opportunities in a bank are at regular intervals of three to four years.
Last Updated: 06/12/2014
