Bank manager salary, SBI PO, RBI PO, SBI SO, and RB
Are you preparing for banking exams? In the job sector, the banking sector is known to provide other facilities including the best payments to its employees. Vacancies are released for the recruitment of qualified candidates every year by IBPS and SBI. Salary is a major reason, due to which the number of millions of candidates apply for banking jobs every year. Today, in this article, we will talk about the bank manager’s salary (bank manager salary) so that you know how much salary you will get after selection in the banking sector. In this article, we will provide complete and detail information about the salary to the bank manager in India.
Bank manager salary
The Bank have an Assistant Manager (Assistant Manager) of Scale I and has two ways through which you can become Bank PO which is SBI PO and IBPS PO.
SBI PO SALARY
State Bank of India is the most prominent institution in prestigious institutions, which holds annual recruitment for PO. Below are the salary structures of the selected candidate for SBI PO. Since the official notification has not been released by SBI, we are providing you the details of SBI PO on the basis of last year.
SBI PO SALARY 2020-21
| SBI PO Salary (Basic Pay) | Rs 27620/- There are Increment which is held in 4 stages-1st Increment- Rs. 23700-980/72nd Increment-Rs. 30560-1145/23rd Increment- Rs. 32850-1310/74th Increment- Rs. 42020 |
| Dearness Allowance Of SBI PO | 46.9% of the basic pay |
| City Compensatory Allowance(CCA) | 3% or 4%(depending on the place of posting) |
| Leased House Accommodation | Minimum- Rs 8000/-(Rural areas)Maximum- Rs 29500/-(Urban Areas) |
| Furniture Allowance | Rs 120000/- |
| Medical Insurance | 100% for employees75% for families |
| Travelling Allowance | Reimbursement for AC-2Tier (Exclusively for official travels) |
| Petrol | Rs 1100-Rs 1300 |
| Miscellaneous | Rs 4000/- |
| Total Compensation(Annually) | 7.5 lakhs to 12.9 lakhs |
| Loan Benefits | Employees get Concession on interest rates |
IBPS PO Salary
The Institute of Banking Personal and Selection is the organization conducting examination for major banks in the country. Below is the salary of IBPS PO. Since the official notification has not been issued by IBPS so far, we are providing you the details of the IBPS Po based on the previous year.
| Basic Pay | 23,700 |
| Special Allowance | 1,836.75 |
| DA | 10,163.63 |
| CA | 870 |
| Total (without HRA) | 36,570.38 |
| HRA | 2,133.00 |
| Gross with HRA | 38,703.38 |
Given below is the other benefits which are enjoyed by an IBPS PO:
| Dearness Allowance | 40% of the basic pay(Varies based on inflation rates) |
| City Compensatory Allowance(CCA) | 3% or 4%(depending on the place of posting) |
| House Rent Allowances | 7%-9% of the basic pay |
| Special Allowance | 7.75% of the basic pay |
Bank so salary
The salary of Special Officer (SO) in the bank varies in the bank like PO and Clerk. Below is the bank ST structure below:
SBI SO Salary
There are two scales of the State Bank’s Special Officer (So). Since SBI has not been issued by the official notification yet, so we are providing you the details of SBI SO on the basis of last year. It varies according to grades and departments:
| Grade | Scale of Pay |
| Junior Management Grade Scale I (JMGS I) | 23700-980/7-30560-1145/2-32850-1310/7-42020 |
| Middle Management Grade Scale-II (MMGS II) | 31705-1145/1-32850-1310/10-45950 |
| Middle Management Grade Scale III (MMGS III) | 42020-1310/5-48570-1460/2-51490 |
| Senior Management Grade Scale IV (SMGS-IV) | 1460/4-55870-1650/2-59170 |
There are various allowances and benefits below, all the posts given above are:
Dearness allowance/inflation allowance
House Rent Allowance / Housing Allowance
City Compensatory Allowance / City Compensation Allowance
Provident Fund / Provident Fund
Pension FUND / Pension Fund
Medical Reimbursement / Medical Reimbursement
Furniture Allowance / Furniture Allowance
IBPS SO Salary
The Institute of Banking Personal and Selection organizes the recruitment process for recruitment of candidates on various special cadre positions every year. Since the official notification has not yet been released by IBPS, we are providing you the details of IBPS SO on the basis of last year.
Below is the salary structure of IBPS so:
| Grade | IBPS SO Salary |
| Officer Scale I | Monthly salary– Rs. 36400/-Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 |
| Officer Scale II | Monthly salary- Rs. 48800/-Pay Scale- Rs. 31705-1145/1-32850-1310/10-45950 |
| Officer Scale III | Monthly salary- Rs. 64600/-Pay Scale- Rs. 42020-1310/5-48570-1460/2-51490 |
Now when you have known that a bank employee gets a very good salary in the three recruitment process, it is the time that when you should start preparation for all these posts, the notification for these posts will be released very soon.
Resources: https://en.wikipedia.org/
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