Bank manager salary

Bank manager salary

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 PO46.9% of the basic pay
City Compensatory Allowance(CCA)3% or 4%(depending on the place of posting)
Leased House AccommodationMinimum- Rs 8000/-(Rural areas)Maximum- Rs 29500/-(Urban Areas)
Furniture AllowanceRs 120000/-
Medical Insurance100% for employees75% for families
Travelling AllowanceReimbursement for AC-2Tier (Exclusively for official travels)
PetrolRs 1100-Rs 1300
MiscellaneousRs 4000/-
Total Compensation(Annually)7.5 lakhs to 12.9 lakhs
Loan BenefitsEmployees 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 Pay23,700
Special Allowance1,836.75
DA10,163.63
CA870
Total (without HRA)36,570.38
HRA2,133.00
Gross with HRA38,703.38

Given below is the other benefits which are enjoyed by an IBPS PO:

Dearness Allowance40% of the basic pay(Varies based on inflation rates)
City Compensatory Allowance(CCA)3% or 4%(depending on the place of posting)
House Rent Allowances7%-9% of the basic pay
Special Allowance7.75% 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:

GradeScale 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:

GradeIBPS SO Salary
Officer Scale IMonthly salary– Rs. 36400/-Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020
Officer Scale IIMonthly salary- Rs. 48800/-Pay Scale- Rs. 31705-1145/1-32850-1310/10-45950
Officer Scale IIIMonthly 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: //en.wikipedia.org/

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