Bank Clerk Salary| Bank PO| Bank SO| RBI Salary Structure in India

Bank PO Salary

Apart from the basic pay, the Bank PO salary includes several benefits. As a result, it is one of the most rewarding careers available to aspirants. The pay scale for Bank PO varies depending on the Bank and other factors. The Bank PO salary varies as per different posts.

• Bank PO Salary for SBI(State Bank of India)
• Bank PO Salary for IBPS(Institute of Banking Personnel Selection)

SBI PO Salary Structure

An SBI Probationary Officer’s starting base remuneration is INR 41,960/-. (with 4 advanced increments). Candidates interested in the position of SBI Probationary Officer should be aware of the revised SBI PO salary. The SBI salary structure consists of various parameters along with basic pay. Here is a tabular representation of the SBI PO Salary Structure and its perks:

SBI PO Salary Structure	Details
SBI PO Salary (Basic Pay)	INR 41,960/- There are advance increments held in separate stages: For the First 7 years- INR 980/- For the Next 2 years- INR 1,145/- For Another 7 years- INR 1,310/-
Dearness Allowance	INR 12,701/- (26% of the basic pay)
HRA	INR 2,937/-
Special Allowance	INR 6,881,-
Learning Allowance	INR 600/-
Location Allowance	INR 700/-
Gross Salary	INR 65,780/-
City Compensatory Allowance(CCA)	3%–4%, depending on the area of posting
Allowances for newspapers, entertainment, and books, etc.	Varies based on Cadre
Leased House Accommodation	7%–9%, depending on the location of posting
Furniture Allowance	INR 1,20,000/-
Medical Insurance	Employees are covered at 100% while dependent family members are covered at 75%.
Travelling Allowance	Only official travel with an AC 2-tier cost is reimbursed to the employee.
Petrol	INR 1,100/- to INR 1,250/-
Loan Benefits	Employees benefit from reduced interest rates and loan discounts.

SBI PO Salary Deduction

The following monthly deductions will be made from the SBI PO’s gross compensation of INR 65,780/-, after which the officers would get an in-hand salary of INR 52,820/-. Check out the table below to get acquainted with SBI PO Salary Deduction:

SBI PO Salary Deduction
Particulars	Amount
PF Contribution	INR 4,196/-
Income Tax	INR 3,290/-
Professional Tax	INR 200/-
Contributory Pension Fund	INR 5,274
Total Deductions	INR 12,960/-
Net Salary(after deductions)	INR 52,820/-

For more information about the SBI Annual Package, SBI PO Salary & Perks, SBI PO In-Hand Salary, SBI PO Salary Slip, SBI PO Job Profile, and SBI Promotion and Career Growth refer to SBI PO Salary.

IBPS PO Salary

Candidates can check out the detailed salary and perks and allowances offered by IBPS PO here. IBPS PO Salary consists of Basic pay, Dearness Allowance, City Compensatory Allowance(CCA), House Rent Allowances, and Special Allowance among other things. From the below-tabulated data, you can see the updated salary structure as per the 12th Bipartite Agreement, which was issued in November 2022:

IBPS PO Salary Structure	Details
IBPS PO Salary (Basic Pay)	INR 36,000/- There are advance increments held in separate stages: IBPS PO Pay Scale – INR 23,700/- + INR 980/-* 7 years = INR 30,560/- + INR 1,145/-* 2 years = INR 32,850/- + INR 1,310/-* 7 years = INR 42,020/- Basic Maximum Salary after 7+2+7 years increments – INR 42,020/-
Dearness Allowance	INR 8,593.20/-
Special Allowance (SA)	INR 5,904/-
HRA	INR 3,240/-
CCA	INR 1400/-
DA Others	INR 1,552.50/-
Learning Allowance	INR 600/-
CTC Gross Annual (with HRA but without leased accommodation)	INR 57, 289.70/-

IBPS PO Salary Deductions

Parts of the IBPS PO salary are deducted for a variety of reasons. These are universal and apply to all applicants hired following the IBPS PO.

Salary Details	Amount
NPS	INR 3,966/-
TDS	INR 830/-
Union Fee	INR 150/-
Total Deductions	INR 4946/-
Net Salary	INR 52,630.38/-

There are other allowances and variables included in the IBPS PO Salary such as,

• Leased Accommodation Reimbursement
• Traveling Allowance
• Newspaper Reimbursement
• Medical Aid.
• Benefits under New Pension Scheme.

For more information about the IBPS PO Salary, Perks, IBPS PO In-Hand Salary, IBPS PO Salary Slip, IBPS PO Job Profile, and IBPS Promotion, refer to IBPS PO Salary.

Bank Clerk Salary

The Bank Clerk position is mostly concerned with client issues and supports the Bank’s resource structure. Several banks hold numerous bank clerk exams each year to provide chances for applicants. As an entryway into the banking sector, it is one of the most popular jobs among applicants. The Bank Clerk positions are-

• SBI Clerk
• IBPS Clerk
• IBPS RRB Clerk

The Bank Clerk salary details for various banks are specified in detail below.

SBI Clerk Salary

Candidates who are interested in applying may be curious about the SBI Clerk Salary Structure and allowances. Candidates will be more motivated to study for the exam if they are aware of the SBI Clerk Salary. SBI Clerk is the Junior Associate position in the SBI. The table below shows the SBI Clerk Salary Structure that would be offered to applicants who are selected for the SBI Clerk Recruitment:

Particulars	Amount (INR)
Basic Pay	INR 19,900/-
CCA	INR 0/-
DA	INR 6,234/- (26%)
Transport Allowance	INR 600/-
HRA	INR 2,091/-
Special Allowance	INR 3,263/-
Gross Salary	INR 32,088/-

SBI Clerk Salary Deductions

Particulars	Amount (INR)
Professional Tax	INR 208/-
Pension Fund	INR 2,565/-
Net Salary	INR 32,088/-

For the complete detail including SBI Clerk Pay Scale, Salary Components, SBI Clerk Perks, SBI Clerk Salary Slip, SBI Clerk Job Profile, and Career Growth, refer to SBI Clerk salary.

IBPS Clerk Salary

The IBPS Clerk’s initial salary package includes the Dearness Allowance and other benefits and ranges from INR 28,000/- to INR 30,000/- per month. The pay scale for IBPS Clerks is INR 19900-1100/1-20900-1230/3-24590-1490/4-30550-1730/7-42600-3270/1-45930-1990/1-47920.

The table below shows the IBPS Clerk Salary Structure that would be offered to applicants who are selected for the IBPS Clerk Recruitment:

IBPS Clerk Salary
Basic Pay	INR 19,900/-
Dearness Allowance	INR 5209.82/-
Special Allowance	INR 4118/-
Transport Allowance	INR 757.08/-
CCA	INR 0/-
House Rent Allowance(HRA)	INR 2039.75/-
Gross Pay	INR 32,024.65/-
Deduction (NPS Fund, Union Fee)	INR 2570.98/-
Net Pay	INR 29,453.67/-

IBPS RRB Salary

The IBPS RRB Exam is held to hire officers for various positions in rural banks. Many candidates seeking banking jobs are interested in learning more about the pay of the position they are applying for. The IBPS RRB Salary includes various parameters like Annual increment, Dearness Allowance, City Compensatory Allowance, House Rent Allowance, etc.

The IBPS RRB Exam is held to recruit candidates for four different positions. The following are the positions available through the IBPS RRB Exam and their following salary structure:

IBPS RRB Officer Scale	IBPS RRB salary
Officer Scale 1 (PO)	INR 29,000/- to INR 33,000/-
Office Assistant or Clerk (Multipurpose)	INR 15,000/- to INR 19,000/-

IBPS RRB PO Salary (Officer Scale 1)

The pay range for an IBPS RRB Probationary Officer (Scale 1) is INR 23,700/- to INR 42,021/-. In addition, the positions provide a regular wage increase. The table below shows the annual increment in IBPS RRB PO salary:

Period of Service	Annual Increments
First 7 Years of Service	INR 980/-
Next 2 Years of Service	INR 1,145/-
Next 7 Years of Service	INR 1,310/-

IBPS RRB Clerk Salary (Office Assistant)

The pay for IBPS Officer Assistant (Multipurpose) or Clerk is between INR 21,000/- and INR 23,000/-. The table below contains further information on IBPS Clerk annual increases:

Period of Service	Annual Increments
First 3 Years of Service	INR 400/-
Next 3 Years of Service	INR 500/-
Next 4 Years of Service	INR 600/-
Next 7 Years of Service	INR 700/-
Next Year	INR 1300/-
Next Year	INR 800/-

The table below contains information regarding IBPS RRB Perks and Allowances:

IBPS RRB Allowances	Amount of Allowances
Dearness Allowance (DA)	75.9% of the Basic Pay
House Rental Allowance (HRA)	Rural Areas- 5% of Basic Pay Semi-urban Areas- 7.5% of Basic Pay Urban Areas- 10% of Basic Pay
Special Allowances	7.75% of Basic Pay
Travel Allowances (TA)	TA is paid to employees during their transfer.
Medical Expenses	The Bank also covers all of the employee’s and their family’s medical expenses.
Gratuity on Retirement	As part of their basic wage, bank employees are entitled to a sizable gratuity when they retire.
Petrol / Fuel Reimbursement	Candidates are also reimbursed for gas/fuel based on their distance from the office.
Miscellaneous	Other allowances and incentives are also given to IBPS RRB officers.

Bank SO Salary

The Bank SO (Specialist officer) salary varies across the banks. There are two grades of pots under Bank SO such as Junior Management and Middle Management. The details of the Bank SO Salary and other allowances are given below as per different banks.

SBI SO Salary

The salary of a Specialist Officer (SO) at the State Bank of India (SBI) has been discussed. An SBI SO’s job profile is one of the most wanted in the industry. The pay scale offered for each job profile in the SBI SO Exam is unique, setting it apart from other Bank SO Exams.

SBI SO Salary varies as per different management positions and scales. The SBI SO Salary includes various perks like Reimbursement of the cost of petrol, Tea/Entertainment Expenses, Newspaper Reimbursement, and much more. This article will provide an overview of the SBI SO salary, including allowances, perks, and other advantages.

SBI SO Salary
Sr. No.	Post	Salary
1.	Faculty, SBIL, Kolkata	INR 25 lakh to INR 40 lakh p.a.
2.	Vice President (Stressed Assets Marketing)	CTC of INR 40.00 lacs to INR 43.00 lacs
3.	Chief Manager (Special Situation Team)	Pay Scale- INR 50,030-1,460/4-55,870-1,650/2-59,170
4.	Deputy Manager (Stressed Assets Marketing)	Pay Scale- INR 31,705-1,145/1-32,850-1,310/10-45,950
5.	Deputy Manager (IS Audit)
6.	Product Manager	Pay Scale- INR 42,020-1,310/5-48,570-1,460/2-51,490
7.	Manager (Data Analyst)
8.	Manager (Digital Marketing)
9.	Manager (Anytime Channel)
10.	SME Credit Analyst
11.	Banking Supervisory Specialist	Negotiable
12.	Head (Product, Investment & Research)	INR 80.00 lacs to INR 99.62 lacs
13.	Central Research Team (Portfolio Analysis & Data Analytics)	INR 25.00 lacs to INR 50.00 lacs
14.	Central Research Team (Support)	INR 7.00 lacs to INR 10.00 lacs
15.	Investment Officer	INR 12.00 lacs to INR 18.00 lacs
16.	Project Development Manager (Technology)	INR 12.00 lacs to INR 18.00 lacs
17.	Relationship Manager	INR 6.00 lacs to INR 15 00 lacs
18.	Relationship Manager (Team Lead)	INR 10.00 lacs to INR 28.00 lacs
19.	Chief Officer (Security)	Fixed monthly emoluments of INR1.40 lac • Increment of INR 21,000/- in 2nd year and • Increment of INR 24,000/- in 3 rd year
20.	Executive (FI & MM)	CTC INR 6.00 lacs
21.	Sr. Executive (Social Banking & CSR)	CTC INR 10.00 lacs
22.	Sr. Executive (Digital Relations)	CTC INR 12.00 lac – INR 20 lac
23.	Sr. Executive (Analytics)
24.	Sr. Executive (Digital Marketing)

SBI SO Perks & Allowances

The benefits and allowances that an SBI SO receives differ from one post to the next. The benefits that an SBI SO receives, on the other hand, are enormous.

The perks and allowances for each post are listed below:

• For MMGS Grade Scale III- The official will be eligible for DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, and other benefits as per the rules in effect at the time.
• For SBIL (Kolkata) Faculty- In addition to CTC, other benefits include Traveling Expenses (TE) for taxi rides, air (economy class) for official trips, and Deputation Allowance (DA) similar to our bank’s Assistant General Manager.
• The Chief Manager (Special Situation Team) and Deputy Manager (Stressed Assets Marketing) shall be entitled to DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, and other benefits as determined by the rules in effect at the time.
• There would be no bonuses or other compensation other than CTC for the Deputy Manager (Stressed Assets Marketing). In an 80:20 ratio, CTC compromised fixed and variable pay.
• For Senior Executives (FI & MM) and Executives (FI & MM) (Social Banking & CSR)
• Fixed pay component of 70%; (ii) Variable pay component of 30%; (iii) Annual increase – maximum 10% subject to Bank’s restrictions; (iv) Traveling allowance and other benefits are available according to Bank’s rules.
• For the position of Deputy Manager (IS Audit), the employee will be eligible for DA, HRA, CCA, PF, Contributory Pension, LFC, Medical Facility, and other benefits as determined by the rules in effect at the time.

IBPS SO Salary

IBPS SO Salary varies as per the job profiles and posts. Once you qualify for the IBPS SO 2023 Examination, you will undergo a training and probation period.

Let’s look at the salary for IBPS Specialist Officers. Scale I SO employees are paid a starting salary of INR 23,700/-. After the long-overdue 12th Bipartite Settlement, the IBPS Specialist Officer Salary will be changed. The current pay scale for IBPS SO is INR 23,700-980(7)-30,560-1,145(2)-32,850-1,310(7)-42,021. IBPS SO’s gross salary ranges between INR 46,000/- and INR 48,000/-. After deductions (such as PF and other deductions), a newly hired IBPS Specialist Officer’s in-hand pay ranges from INR 42,000/- to INR 44,000/-.

IBPS SO Perks & Allowances

Allowances	Attributes
Dearness Allowance	36% of the Basic Salary.
Special Allowance	7.75% of (Basic+DA)
HRA	7.9%
City Compensatory Allowance	0%-4% (Depending on Tier I to Tier III city)
PF Contribution	INR 3,000/- to INR 3,500/-

For more details, you can go through the –

• Job Profile & Salary of IBPS SO HR/ Personnel Officer
• Job Profile & Salary of IBPS SO Agricultural Officer
• Job Profile & salary of IBPS SO Marketing Officer

RBI Bank Salary

RBI, The Central Bank of India administers two major recruitment exams. They are highly popular among the aspirants and they are a gateway to the Reserve Bank of India.

RBI Grade B Salary

Selection for the RBI Grade B exam includes employment security, a prestigious designation, and a variety of privileges and advantages, including competitive pay. The remuneration associated with the position is frequently a motivator for candidates to work hard and get selected. The following are the remuneration details for an RBI Grade B officer:

• INR 35,150/- per month, RBI Grade B Salary (Basic Pay)
• RBI Grade B Salary Scale – INR 35,150-1,750 (9)-50,900-EB-1,750 (2)-54,400-2,000 (4)-62,400 (16 years)
• RBI Grade B Salary (Monthly Gross Emoluments): INR 83254/- (Approx)

This is the current RBI Grade B Salary for the Reserve Bank of India Grade B officer:

Pay and Allowances	Amount	Deductions	Amount
Basic Pay	INR 35,150.00/-	EE NPS Contrib Amount	INR 6509.00/-
Grade Allowance	INR 6800.00/-	Prof Tax-split period	INR 200.00/-
Dearness Allowance	INR 23144.00/-	BF EE NPS Monthly Contrib	INR 13018.00/-
House Allowance	INR 5273.00/-	House Rent Recovery	INR 620.00/-
COPS Incentive	INR 2720.00/-	Meal Coupon Deduction	INR 400.00/-
Spl Perquisite Allowance	INR 1465.00/-	MAF	INR 300.00/-
Spl Allow-Direct Recruit	INR 1800.00/-	RBI Officers Association	INR 40.00/-
Local Compensatory Allows	INR 3664.00/-	Sports Club Membership	INR 30.00/-
Meal allowance	INR 160.00/-	Income Tax	INR 5319.00/-
Gross Pay	INR 80,176.00/-	Total Deductions	INR 26,436.00/-

The RBI Grade B Salary is as per the pay scale and includes other allowances such as Dearness Allowance, Local allowance, House Rent Allowance, Family Allowance in increments and Grade Allowance.

RBI Grade B officers receive the following additional benefits in addition to their salary:

• Accommodation at the Bank.
• Expenses for a car maintenance for official purposes are reimbursed. Telephone rates are reimbursed.
• Fare Concession Loans and Advances should be left at concessionary rates.
• Allowances for Residence Furnishing Fuel Allowance.
• Gratuity Benefits and the New Pension Scheme.

RBI Grade B Salary includes other allowances such as Mobile Allowance, Sodexo Coupons, Leave Fare Concession Travel (LFC), Briefcase allowance, Spectacles allowances, and much more.

RBI Assistant Salary

Salary, perks, emoluments, and other benefits are some of the factors that attract candidates. The Reserve Bank of India is a prominent Indian bank that offers its employees enticing salaries and benefits. Every aspirant preparing for a banking job dreams of working for the RBI. The Reserve Bank of India offers a variety of benefits and incentives to its employees, as well as compensation that allows them to maintain a work-life balance.

RBI Assistants start at INR 14,650/- per month (plus two advanced increments) on a salary scale of INR 13,150– 750(3) – 15,400– 900(4) – 19,000– 1,200(6) – 26,200– 1,300(2) – 28,800– 1,480(3)– 33,240– 1,750(1) – 34,990. (20 years). An RBI Assistant’s monthly in-hand remuneration is Rs.33,148/-. Take a look at the table below for further information:

RBI Assistant Salary
Particular	Amount
Basic Pay	INR 14,650/-
Additional	INR 265/-
Grade Allowance	INR 2200/-
Dearness Allowance	INR 12,587/-
Transport Allowance	INR 1000/-
House Rent Allowance	INR 2238/-
Special Allowance	INR 2040/-
Local Compensatory Allowance	INR 1743/-
Gross pay INR	INR 36,723/-
Deduction	INR 3,575/-
Total Pay	INR 33,148/-

RBI Assistant Salary Deductions

The net gross salary of an RBI Assistant is deducted in the amount of INR 3,575/-, as shown in the table below:

RBI Assistant Salary Deductions
Deductions	Amount
EE NPS Cont. Amount	INR 2,970/-
Prof Tax- split period	INR 200/-
Meal Coupon Deduction	INR 160/-
MAF	INR 225/-
All India RBI Employee	INR 10/-
Sports Club Membership	INR 10/-
Total	INR 3,575/-

The other component of the RBI Assistant Salary is

• Dearness Allowance
• House Rent Allowance
• City Compensatory Allowance
• Transport Allowance

There are other perks included in RBI Assistant Salary such as Housing Accommodation (subject to availability), Reimbursement of expenses for maintenance of vehicle for official purposes, Newspaper, Brief case, Book Grant, and much more.