Question: What is the salary of a newly appointed bank Probationary Officer?
Answer: The typical basic salary of a newly appointed bank Probationary Officer is Rs 17000 which includes basic pay and Dearness Allowance (In SBI it would be around Rs 20000/-). In addition, other perks like HRA or lease accommodation, conveyance allowance, cleansing material, entertainment allowances etc are paid by banks. The general pay scale/ salary will be Rs 10000-470/6-12820-500/3-14320-560/7-18240; along with other benefits like DA, HRA & CCA as per rules in force from time to time. SBI, for example, gives four additional increments at the time of joining itself; moreover perks are much higher in SBI as compare to other public sector banks. The candidates selected for the post of Probationary Officer are generally on a probation period for two years.
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