Latest Salary Structure of Public and Private Banks in India


Salaries are always a pressing issue for bank exam aspirants. The information is not generally available in a very clear and crisp manner.

IBPS RRB 2016 Recruitment Notification Out for more than 16560posts

Below we will do a detailed breakdown of salaries that can be availed by PO, clerk and other bank exams, to help you decide which bank exam you should focus on.

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Latest Salary Structure of Public and Private banks.

Before giving the salary offered by different bank exams you first need to understand the terminology associated with salary given to bank employees.

इस आर्टिकल को हिंदी में पड़ने के लिए, यहाँ क्लिक करें

1. Basic Pay or Basic Salary: Basic Salary is the most important component of the Salary. It is that amount which an organisation pays to an employee before any allowances are added or taken off. It forms the largest chunk of the salary and is taxable under Section 17 of Income tax act. EPF(Employee Provident Fund) and HRA are linked to Basic Salary.

2. Allowances: These comprise of amounts given to cover additional expenses incurred. They are given as a percentage of basic salary. Most common types of allowances for Banks and other PSUs are listed below:

(a) Dearness Allowance (DA) : It a cost of living adjustment allowance paid to Government and Public sector employess (PSU). In banks it is revised on a quarterly basis (i.e.every three months) based on the Consumer Price Index (CPI) which decides the inflation of the quarter. Hence Dearness allowance is proportional to inflation. Basically higher inflation means more DA and vice versa.

(b) House Rent Allowance (HRA) : The House Rent allowance is given to the employee to meet the rental expenses for his/ her accommodation. According to Income Tax Act, Section 10 (13A) and Rule 2A of the Income tax rules, the employee is exempted from paying tax on HRA.
The exemption is the least of following:

  • Actual house rent allowance received from the employer.
  • Actual house rent paid minus (10% of the basic salary + DA) .
  • If living in a metro(Delhi, Mumbai, Kolkata or Chennai), then 50% of basic salary
  • Else it is 40% of the basic salary

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As you must have figured out , HRA depends on the place of posting.

(c) Special Allowance : This allowance is also sometimes referred to as  performance bonus. This is paid over and above basic salary.

(d) CCA : This is Compensatory City Allowance. It is paid for covering the cost of living in an expensive city.

(e) Conveyance allowance : It is paid for commuting between home and office.

Now that we have covered the basic terminology of salaries given to bank employees lets get to the difference in salaries you can get by clearing various bank exams.

1. IBPS PO : Over 10 lakh students appear for this exam conducted to fill in Probationary Officer/ Management Trainee in various Nationalized Banks/ Other banks and Financial Institutions  making it one of the biggest recruitment exams in the country. A newly selected Probationary officer is paid according to SCALE I salary which has the following structure:

  • Basic Pay: The basic pay for PO is same irrespective of the city of appointment. It is INR 23700 w.e.f. from June 1 2015.
  • Dearness Allowance (DA): As per the latest CPI released by the gov. the DA amount is INR 8605.88.
  • HRA: This is paid @ 9.0% or 8.0% or 7.0%   depending on the place of posting.
  • CCA: This is paid @ 4%, 3% or 0% depending on the place of posting.
  • Special Allowance: For scale I it is paid @ rate of  7.75%
  • Perquisites (Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. 4,130)
  • Leased accommodation upto Rs 29500, this is provided in lieu of HRA.

2. SBI PO : This is conducted to fill in Probationary Officer/Management Trainee for State Bank of India (SBI). They are also paid according to scale I with a few additional benefits:

  • Basic Pay: The basic pay for SBI PO is same irrespective of the city of appointment. It is INR 23700 w.e.f. from June 1 2015.
  • Dearness Allowance (DA): As per the latest CPI released by the gov. the DA amount is INR 8605.88.
  • CCA: This is paid @ 4%, 3% or 0% depending on the place of posting.
  • Special Allowance: For scale I it is paid @ rate of  7.75%
  • In SBI there is a provision of four additional increments for Probationary Officers at the time of joining hence the salary of  SBI PO is around 6000 more as compared to PO from other nationalized banks.
  • Perquisites (Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance etc. 4,130)
  • Leased accommodation upto Rs 29500, in lieu of HRA.

3. IBPS Clerk/ SBI Clerk : SBI and IBPS Clerk are conducted to fill in various posts of Assistants and Stenographers for SBI and other nationalized banks and Non Banking Financial Institutes. The salary is structured in the following way:

  • Basic Pay: The basic pay for clerk is same irrespective of the city of appointment. It is INR 11765 w.e.f. from June 1 2015.
  • Dearness Allowance (DA): As per the latest CPI released by the gov. the DA is INR 4272.08.
  • HRA: This is paid @ 10% or 9% or 7.5%  depending on the place of posting.
  • CCA: This is paid @ 4%, 3% or 0% depending on the place of posting.
  • Special Allowance: The amount of special allowance is INR 911.79.
  • Transport Allowance: It is paid for conveyance amounting to INR 425.00.

4. IBPS RRBs: These exams are conducted for recruitment of Officers in Middle Management Grade (Scale III), Officer in Middle Management Grade (Scale II), Officer in Junior Management (Scale I) Cadre and Office Assistant (Multipurpose).

Post Scale of Pay
Office Scale III 42020-1310(5)-48570-1460(2)-51490.
Officer Scale II 31705-1145(1)-32850-1310(10)-45950.
Officer Scale I 23700-980(7)-30560-1145(2)-32850-1310(7)-42020.
Office Assistant(MP) 11765-655(3)-13730-815(3)-16175-980(4)-20095-1145(7)-28110-2120(1)-30230-1310(1)-31540.


Post Approximate Emoluments per Month inclusive DA and HRA at Current Rate
Office Scale III At  present,  the  total  starting  emoluments  are    approximately`64600/- per month inclusive of DA and HRA at the current rate.
Officer Scale II At  present,  the  total  starting  emoluments  are    approximately`48800/- per month inclusive of DA and HRA at the current rate.
Officer Scale I At  present,  the  total  starting  emoluments  are    approximately`36400/- per month inclusive of DA and HRA at the current rate.
Office Assistant(MP) At  present,  the  total  starting  emoluments  are    approximately`18100/- per month inclusive of DA and HRA at the current rate.


5. RBI GRADE B : This exam is organised for recruitment of officers in Reserve Bank of India.

  • Basic Pay: It is INR 21,000
  • Emoluments: Including dearness allowance, local allowance, house rent allowance, family allowance and grade allowance initial monthly gross emoluments are approximately Rs 53,888.

6. NABARD officer exam: National Bank for Agriculture and Rural Development organizes this exam for recruitment of candidates for various posts :


Sr.No. Cadres Scale `
i) Officers in Grade ‘A’ (Asstt. Manager) (including the Private Secretary in Grade ‘A’) 17100-1000(11)-28110-EB-1000(4)-32100-1100(1)-33200(17years)
ii) Officers in Grade ‘B’ (Manager) 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400(16 years)
iii) Officers in Grade ‘C’ (Asstt.Gen.Manager) 28350-1000(5)-33350-1150(4)-37950- EB-1150(3)-41400(13 years)
iv) Officers in Grade ‘D’ (Dy. Gen.Manager) 39850-1200(2)-42250-1300(3)-46150(6years)
v) Officers in Grade ‘E’ (General Manager) 42300-1300(3)-46200-1400(3)-50400-1600(1)-52000(8 years)
vi) Officers in Grade ‘F’ (Chief General Manager) 60600-1600(4)-67000(5years)
vii) Executive Directors 75100(1)-2000(2)-79100(3years)
viii) Sr Private Secretary and Principal Private Secretary 21000-1000(9)-30000-EB-1000(2)-32000-1100(4)-36400-EB-400(1)-36800-1150(4)-41400(21years)

Group B

Scale INR 8040-410(3)-9270-500(4)-11270-550(4)-13470-650(3)-15420-720(1)-16140- 990(4)-20100(20 years)

Group C

Scale INR 6350-220(4)-7230-260(3)-8010-300(3)-8910-400(2)-9710-500(4)-11710-680(3)-13750(20 years)

In Hand Salary Infographic of Bank PO Exams in India


Bank PO in Hand Salary

We hope this exhaustive list was sufficient for answering all your salary queries. Please ask your questions in the comments section below and share this article with everyone who is preparing for bank exams. 

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  • Rohit Jain

    Thanks for sharing this information.

  • neeraj

    tabular form will provide knowlege in better way and easy to understand

  • parul

    What is the salary structure of a po in sbi associate bank?

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  • parul


  • Kalimuthu

    Thanks for the details

  • Namrata Dash

    What is the salary of IBPS IT Officer Scale-I ?

    • Vaibhav

      Officer Scale I: Rs 14500 – 600/7 – 18700 – 700/2 – 20100 -800/7 – 25700/-
      The approx. IBPS SO Salary Cash in hand of Officer Scale 1 after appointment will be around Rs. 24000-32000/-.

  • Dhruv

    Could you please tell where does the Assistant Manager (Scale 1) of NHB stand in this hierarchy? TIA

    • Vaibhav

      The post will be treated as unitary cadre and candidates may be posted in any department anywhere in India.
      Assistant Manager (General) – Scale I
      (Rs. 23,700/-).
      Rs. 35,300/- approx

      Scale I: Officer
      Middle Management Grade – Scale II: Manager
      Middle Management Grade – Scale III: Senior Manager
      Senior Management Grade – Scale IV: Chief Manager
      Senior Management Grade Scale V: Assistant General Manager
      Top Management Grade Scale VI: Deputy General Manager
      Top Management Grade Scale VII: General Manager

  • ritesh kr maurya

    RRB office assitant ki starting salry kitni hai aur iska career growth kya hai aage?
    pls reply sir

    • Vaibhav

      BPS RRB Salary for Office Assistant posts:
      1. For Office Assistant at 109.8% DA for new recruits= Rs. 15000-19000 (Cash in Hand).
      Office Assistant Pay Scale: 7200-(400/3)-8400-(500/3)-9900-(600/4)-12300-(700/7)-17200-(1300/1)-18500-(800/1)-19300
      Salary Structure and Pay scale for Officer Scale 1, 2, 3 at 109.8% DA
      1. For Office Scale 1 for new recruits= Rs. 29000-33000.
      Office Scale 1 Pay Scale: 14500-600/7-18700-700/2-20100-800/7-25700.
      2. For Office Scale 1 for new recruits= Rs. 33000-39000 (approx.).
      3. For Office Scale 3 for new recruits= Rs. 38000-44000 (approx.).

      • UK

        Can you please tell the salary of IBPS RRB scale 2 office

        • Vaibhav


      • ananthi

        sir, do you know the salary in hand for assistant manager systems?

  • Sandy

    In the sbi po recruitment advertisement for 2015 it was given ctc as around INR 8.5+LAKHS p.a….. dat doesn’t match with the above given data….

    • Vaibhav

      Would you please elaborate Sandy

    • AGS

      Rs.63000 per month was mentioned in the Hindu ad … There are many terms and conditions .

      63k is the salary for a PO working in Mumbai city, considering the expenses living there …

  • Akanksha

    What about allowances in RRB officer scale 1 like petrol,house etc??

  • Aditya

    I’ve selected for Bangiya gramin vikash bank IT officer scale II.
    What is the current salary for the same.. ?

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  • Anhad Gupta

    Where doe SIDBI stand in this hierarchy?

    • Vaibhav

      SIDBI is similar to PO in this hierarchy. in hand 36-40000.

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  • K rajeswari

    Could u please help me to know SBI so salary (on hand cash)

    • Vaibhav

      SBI SO 73,000 pm. SBI Law 90000 pm.

  • satyajit swain

    could you plz tell me the on hand salary of an IBPS SO according to the the new basic pay of Rs.23700 if posted in semi urban branches???

    • Akshay Jain

      In hand salary would be around 50000/- for scale one

      • Ani

        including hra, d.a etc?????

      • Amandeep Singh

        How in hand salary could be Rs. 50,000, when the basic pay is Rs. 23,700. I think in hand salary will be around Rs. 32,000 same as PO.

  • sbi po keh ke lunga!!

    Hii can you please share the in hand salary of Lic AAO after revision??

  • Swathi

    Hi Sir, What is the pay for PO in Lakshmi vilas bank?

    • Akshay Jain

      29166/- is the salary of Lakshmi Vilas Bank PO

      • Swathi

        will it be the cash in hand ?

        • Being Babuji Rao


  • Sweta

    Hello sir, what is the salary of LVB Clerk?

    • Akshay Jain

      After the candidates gets selected in the interview he /she will get Salary / Pay Scale in the range of Rs.7300 to Rs.19300

  • Anjali

    Sir what will b salary for mmgs ll in bank of India

  • Supravat Nayak

    Is there any increment of salary in RRB officer assistant ?

  • Rosh Rejendran

    Sir what would be the in hand starting salary of PO in Karnataka bank ??

  • Rraj

    Sir …Please help me out.I got selected as PPMO (permanenet part time medical officer) in SBI …please tell me what will be gross salary and what I will get in hand

  • Anand Kumar
  • mansi

    salary of idbi po?


      Salary of IDBI PO

      • NISHANTH V

        Sir, I m selected for LIC AAO……. What will be the salary and allowances of LIC AAO?
        Is there furniture allowance, petrol allowance in LIC AAO?

  • Namrata

    Are you sure the leased accomdation for IDBI PO employees is 29000? Is it per month or per annum

    • tarun

      No, it’s not.

      • Namrata

        That’s what I thought but why did they mention 29000? Any ways, forget it.

  • Pushkar Mahajan

    What is the gross and take home salary of MMGS-II officer in Dena Bank?


      it depends but take home will be more than 50 thousands

      • Pushkar Mahajan

        50k is gross or take home?
        Also, why the HRA rates are so low? Usually they are 10%/20%/30%.


          They depend on the city of posting
          50k will be take home + allowances in a metro city
          Gross may reach upto 60k in a metro city

  • Muruga

    Is there any perks & allowances in RRB SCALE 2?
    Is lease accommodation available in RRBs?


      Perks are there, but no leased accomodation

      • Muruga

        Can you please upload the salary slip?


          It is a bit difficult, but we will surely try to arrange them and update here

          • Muruga

            Thank you

  • Sachin tripathi

    Sir m selected in allahabad clerk .what will the salary in hand

  • anki

    how much is in hand salary of rrb office assistant??

    • gwin

      Gross 22000 net 19953

      • anki

        what the terms mean which r written in bracket

  • Karoly Takacs!!

    Sir can you please let me know the take home salary of ibps rrb scale 2

  • sarath chandra

    sir, i am a student of agricultural engineering (currently pursuing final year). Can i apply for the agriculture officer post while pursuing? If yes, what scale am i eligible to apply for agriculture officer and what would be the salary?

    Thanks for your help and advice ….


      You can apply for Scale 1 only. That too when you have a degree before the date provided by them

      • shefali

        Sir, how will lease allowance be approved in a psb? what documents are required

  • Arindam Biswas

    I have applied for rrb. Marketing officer though I have already submitted my application but I have an doubt , as they have asked for MBA and I have PGDM , I will be very great full if you clear my doubt weather they will consider my application or not in every aspect ie exam ,selection ,joining etc

  • Karthi

    I have 3 doubts, pls explain it
    What is the role of RRB office assistant?
    Is there any promotion given for RRB office assistant?
    What is the difference between RRB Office assistant and IBPS Clerical jobs?

  • pk

    what is the difference between the salary of mmgs ii of dena bank and bank of baroda… amount

  • SBK

    I got selected in KVB & got posting in Mumbai.. how much will i be paid?