Bank PO,Clerk, SO and RBI Employees Salary: SBI, IBPS & RBI Salary Structure

By Akash Mishra|Updated : September 9th, 2021

Every Bank exam aspirant is curious about the Bank salary they will receive as an employee. All the hard work and effort get converted into a prestigious well-paid job at the bank. In this article, we have assembled all the salaries of banks in India.

The banking exams in India are generally for these posts, Bank PO ( Probationary Officer), Bank SO (Specialist Officer), Bank Clerk, and other Assistant and Grade posts. Bank salary in India is as per the pay scale. Presently, the bank Clerk PO & SO salary varies as per the various pay scales discussed below.

The salary revision and hike for Bank PO and Bank Clerk have been implemented from November 2017 after the bank union and associations consensus.

Let’s look at the salary details and the complete breakup of several posts of the banks in India.

 Bank PO Salary

The Bank PO salary has other included benefits apart from the basic pay. Due to this reason, it is one of the most lucrative jobs for aspirants. Bank PO Job is an Assistant Manager of Scale I in the bank. The Bank PO salary varies as per different posts.

  • Bank PO Salary for SBI
  • Bank PO Salary for IBPS

SBI PO Salary

SBI PO Salary is considered to be the highest among the Bank PO salaries. The SBI salary structure consists of various parameters along with basic pay.

SBI PO Salary Structure/Breakup


SBI PO Salary (Basic Pay)

₹ 27620/-

There are 4 advance increment held in separate stages:

Increment 1- ₹23700-980/7

Increment 1- ₹30560-1145/2

Increment 1- ₹32850-1310/7

Increment 1- ₹42020

Dearness Allowance

Currently, DA is 46.9% of the basic pay.

This is revised every quarter and is calculated based on the CPI (Consumer Price Index).

City Compensatory Allowance(CCA)

This may vary with the place of posting at 4% or 3%.

Leased House Accommodation

Minimum- ₹8000/-(Rural areas)

Maximum- ₹29500/-(Urban Areas)

SBI PO may take a house on rent, the amount of which varies with posting

Furniture Allowance

₹ 120000/-

Medical Insurance

SBI assures 100% medical coverage for its employees along with 75% for their family members

Travelling Allowance

Reimbursement of AC 2-tier fare is provided only for official travels.


50 Lts (For 2 wheelers) or

55 Lts (For 4 Wheeler) or

Approx. ₹1100-1250 if you don't have 2/4 wheelers (conveyance allowance).


Rs 4000/-

Total Compensation(Annually)

7.5 lakhs to 12.9 lakhs

Loan Benefits

Employees get Concession on interest rates

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, refer to SBI PO Salary.

Prepare for SBI PO 2021 with the SBI PO Test series and the best SBI PO Exam guidance by the experts.

IBPS PO Salary

IBPS PO Salary consists of Basic pay, Dearness Allowance, City Compensatory Allowance(CCA), House Rent Allowances, and Special Allowance among other things.

IBPS PO Salary Structure/Breakup


IBPS PO Salary (Basic Pay)

₹ 23,700/-

Dearness Allowance

Currently, DA is 40% of the basic pay.

Also, it is revised quarterly and is calculated based on the CPI (Consumer Price Index).

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

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

  • Leased Accommodation Reimbursement
  • Traveling Allowance
  • Newspaper Reimbursement
  • Medical Aid: The amount is ₹ 8000/- p.a.
  • Benefits under New Pension Scheme.

The total salary is Rs. 38703.38 per month, whereas the total annual CTC, including HRA, but without leased accommodation, it is Rs. 5,57,640.52

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

Prepare for IBPS PO 2021 with the IBPS PO Test series and the best IBPS PO Exam guidance by the experts.

Bank Clerk Salary

The Bank Clerk job is mainly related to customer-related problems and supports the resource structure of the Bank.

Every year, several banks conduct various bank clerk exams to bring opportunities for the aspirants. It is one of the most popular jobs among the aspirants as a gateway into the banking system. Few of the Bank Clerk jobs are,

  • SBI Clerk
  • IBPS Clerk
  • IBPS RRB Clerk

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

SBI Clerk Salary

SBI Clerk is the Junior Associate position in the SBI. The SBI Clerk salary contains various parameters and included allowances and emoluments.

SBI Clerk Salary Structure/Breakup


SBI Clerk Salary Basic Pay


Salary after Increment 1- Rs. 13730/-

Salary after Increment 2- Rs. 16175/-

Salary after Increment 3- Rs. 20095/-

Salary after Increment 4- Rs. 28110/-

Salary after Increment 5- Rs 30230/-

Salary after Increment 6- Rs 31450/-

Dearness Allowance

This is revised on a quarterly basis and is calculated based on the CPI (Consumer Price Index).

House Accommodation

Varies as per the place of posting.

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

Prepare for SBI Clerk 2021 with the SBI Clerk Test series and the Best SBI Clerk Exam guidance by the experts.

IBPS Clerk Salary

IBPS Clerk Salary varies from Rs. 11,765/- to Rs 31,540/-. Apart from this, candidates once selected for the post of clerical cadre in IBPS banks can also avail various emoluments, the details of which can be viewed below and also in our post, IBPS Clerk Salary.

IBPS Clerk Salary Structure/Breakup


Basic Pay

₹ 13075

Special Allowance

₹ 1561

Dearness Allowance

₹ 7073

City Compensatory Allowance(CCA)

₹ 0

Traveling Allowance

₹ 425

Total (without HRA)

₹ 18413


₹ 980

Gross Salary

₹ 23115

Prepare for IBPS Clerk 2021 with the IBPS Clerk test series and the best IBPS Clerk exam guidance by the experts.


One of the most asked questions among students is the in-hand salary that they would receive in as an officer of Scale I or an assistant in RRB. IBPS RRB Clerk positions include officer scale I, II & III, and office assistant in the Regional Rural Banks across the country. The IBPS RRB salary varies as per the posts.

When you qualify IBPS RRB 2021 exam, as a new joiner, you will receive a pay of Rs. 23,700 as basic pay.

The IBPS RRB Salary includes various parameters like Annual increment, Dearness Allowance, City Compensatory Allowance, House Rent Allowance, etc.

IBPS RRB Officer Scale

IBPS RRB salary- Cash in hand

IBPS RRB Officer Scale I

Rs 30000- Rs 36000

IBPS RRB Officer Scale-II

Rs 36000- Rs 42000

IBPS RRB Officer Scale III

Rs 41000- Rs 47000

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

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.

Once you qualify SBI SO 2021 Examination, you will be paid as per the given table:

S. No


Pay Scale


Junior Management Grade Scale I (JMGS I)



Middle Management Grade Scale-II (MMGS II)



Middle Management Grade Scale III (MMGS III)



Senior Management Grade Scale IV (SMGS-IV)


The salary breakup is also into various components like basic pay, DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, etc.

IBPS SO Salary

IBPS SO Salary varies as per the job profiles and posts. Once you qualify the IBPS SO 2021 Examination, you will undergo a training and probation period and will be paid as per the table given below:

IBPS SO Grade and Post

Pay Scale and In-Hand Salary

Junior Management Grade Scale 1 Officer

  • Pay Scale - INR 14500+(600×7) – 18700+(700×2) – 20100+(800×7) – 25700/-
  • In-Hand Salary – INR 24000-32000 per month.

Middle Management Grade Scale 2 Officer

  • Pay Scale - INR 19400+(700×1) – 20100+(800×10) – 28100/-
  • In-Hand Salary – INR 34,000-40,000 per month.

IBPS IT Officer Salary Structure

  • Pay Scale – INR 23700-(980×7)-30560-(1145×2)-32850-(1310×7)-42020.

For more details, you can go through the -

RBI Bank Salary

RBI, The central bank of India administers two major recruitments exams. They are highly popular among the aspirants and they are a gateway to the Reserve Bank of India. The details of the RBI Salary and other allowances  as per the post are given below:

RBI Grade B Salary

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 and Grade Allowance. RBI Grade B Salary offers a  basic pay of ₹ 35,150/- p.m. in the scale of Rs. 35150-1750 (9)-50900-EB-1750 (2)-54400-2000 (4)-62400 applicable to Officers in Grade B.

RBI Grade B Salary Structure/Breakup


Monthly Gross emoluments

Rs. 77,208

Dearness allowances (DA)

113% of the basic salary

House Rent Allowances (HRA)

can claim up to Rs 70,000 

Medical Allowance

up to 4000 Rupees

Education Allowance

Rs. 4000/- per month

Fuel Allowance

150 litres of fuel per month

Maid Allowance

Rs 3000

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

RBI Assistant Salary has basic pay of Rs. 14650/- per month (i.e. Rs. 13150/- plus two advance increments admissible to graduates only) as per the scale of 13150-750 (3)-15400- 900(4) -19000-1200(6)-26200-1300 (2)-28800- 1480(3) – 33240 – 1750 (1)- 34990 (20 years).

The other component of RBI Assistant Salary is 

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

Presently, the monthly Gross emoluments for RBI Assistant is approximately ₹ 36091. 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 purpose, Newspaper, Briefcase, Book Grant and much more.

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Akash MishraAkash MishraMember since Jul 2019
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Load Previous Comments
Debaleena Ghosh
How much  bank manager salary  sir?? SBI or IBPS??

AakashMay 17, 2020

DA has been revised to 75.9% which makes a lot of difference in a salary .please correct.

RahulMay 17, 2020

There is no pay commission in banks...there is bipartite settlement.
Rudra Singh

Rudra SinghMay 18, 2020

Wrong information RRB PO salary is ₹42000 inhand at present

SheshaMay 19, 2020

Studying current affairs in the newly updated version of this app is not as easy as before. Not able to change font size and it is hurting eyes. Please take this issue to the concerned person @Akash Mishra
...Read More

MansiApr 1, 2021

Thank you

MansiApr 1, 2021

I can realise SBI P.O is better to do
Jyoti Ranjan  Mishra
Thank u so much ..
Pooja Pooja

Pooja PoojaJun 23, 2021

thaking you
Bhanu Pratap
update yourself.....all salary structure except RBI has basic pay of officer cadre in bank is rs36000 and bank clerk is rs19000.
...Read More

PO, Clerk, SO, Insurance

tags :PO, Clerk, SO, InsuranceGeneralSBI PO OverviewSBI PO NotificationSBI PO Application FormSBI PO Exam DateSBI PO Eligibility Criteria

PO, Clerk, SO, Insurance

tags :PO, Clerk, SO, InsuranceGeneralSBI PO OverviewSBI PO NotificationSBI PO Application FormSBI PO Exam DateSBI PO Eligibility Criteria

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