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Bank PO Salary 2024 - Structure, Pay Scale, Allowance, Job Profile

Bank PO Salary 2024 - Structure, Pay Scale, Allowance, Job Profile

Edited By Vishnukumar V | Updated on May 29, 2024 12:22 PM IST | #SBI PO

Bank PO Salary - As per estimates, every year close to 20 lakh aspirants apply for banking exams in India. Some of the most popular banking exams in India are IBPS PO and SBI PO. Both these exams are very popular among aspirants preparing for banking jobs. It is highly reputable and the bank PO salary offered through IBPS/SBI is also respectable. An aspirant after getting recruited as a Probationary Officer in SBI is eligible for an in-hand SBI bank PO salary 2024 of Rs, 42000-44000, while the IBPS PO salary is Rs. 38000-40000.

This Story also Contains
  1. What is the Bank PO Salary?
  2. SBI PO 2024 Salary
  3. Bank PO Salary - Career Growth
  4. Bank PO Salary - Roles and Responsibilities
Bank PO Salary 2024 - Structure, Pay Scale, Allowance, Job Profile
Bank PO salary
LiveSBI PO Prelims Result 2025 LIVE: Probationary officer exam result soon at sbi.co.in; cut-offs, latest updatesAug 16, 2025 | 5:38 PM IST

The exam conducting authorities are expected to announce the SBI PO prelims results 2025 on the official website. 

Read More

Apart from the bank PO salary 2024, aspirants are also given various other benefits like travel allowance, house rent allowance, special allowance etc. In this article on bank PO salary, aspirants can check all the details related to the salary, allowances and benefits.

Latest: Upcoming Government Exams List

Also read:

What is the Bank PO Salary?

The Probationary officer exam is conducted by the Institute of Banking personnel as well as State Bank of India. From the following table, candidates can check the IBPS PO salary as well as the SBI PO salary. The bank PO salary of IBPS and SBI also consists of the basic pay, various other benefits and the in-hand salary.

IBPS PO Salary 2024

Particulars

Amount

Basic Pay

23,700

Special Allowance

1,836.75

DA

10,163.63

CCA

870

Total (without HRA)

36,570.38

HRA

2,133.00

Gross with HRA

38,703.38

Also read:

SBI PO 2024 Salary

Allowance

Amount

Dearness Allowance

46.9% of the Basic Pay

City Compensatory Allowance

3% – 4% depending on location

House Rent Allowance

7% – 9% depending on Place of Posting

Furniture Allowance

INR 1,20,000

Medical Insurance

100% covered for employee | 75% covered for dependent family

Travelling Allowance

AC 2-tier fare is reimbursed to the employee for official travels

Petrol Allowance

INR 1,100 – 1,250

Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.

Varies based on Cadre

SBI PO Salary 2024 with increments

Basic Pay

Rs.27,620/- (with 4 advance increments)

1st Increment

Increment of Rs. 980/- for the next 7 years

2nd Increment

Increment of Rs. 1145/- for the next 2 years

3rd Increment

Increment of Rs. 1310/- for the next 7 years

Also read:

Bank PO Salary - Perks and Allowances

Dearness Allowance (DA)

Furniture Allowance

City Compensatory Allowance

Medical Insurance

House Rent Allowance (HRA)

Travelling Allowance (TA)

Petrol Allowance

Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.

Loan Benefits

Telephone bill reimbursement

Canteen subsidy

Pension contribution

Provident fund

Check Here List of Other Government Exams

Bank PO Salary - Career Growth

The bank PO job offers great career stability and growth opportunities for aspirants who qualify in the exam. The aspirants will first be selected as Assistant Manager and then as per experience they will be promoted to higher ranks.

  • Assistant Manager

  • Deputy Manager

  • Manager

  • Chief Manager

  • Assistant General Manager

  • Deputy General Manager

  • General Manager

  • Chief General Manager

  • Deputy Managing Director

  • Managing Director

  • Chairman

Also read:

Bank PO Salary - Roles and Responsibilities

  • The Bank PO job is one of the most dynamic jobs where a fresh recruited candidate will have to perform various tasks. From the following points, aspirants can check the roles and responsibilities of a bank PO.

  • At the start, aspirants will have to supervise clerical activities.

  • They will also have to get involved in customer service roles.

  • Newly recruited aspirants will have to work in the processing of loans, opening new bank accounts, etc.

  • As banks are exploring new products and offering services, a PO will have to learn about Retail Banking, Rural Banking, etc.

  • Aspirants will also be sent to on-site training at bank training institutes.

  • After newly recruited candidates complete their probation period, they will have to undergo screening, and after qualifying it, will be promoted to a higher scale.

Salary articles of other popular competitive exams

Frequently Asked Questions (FAQs)

1. Which bank Po has the highest salary?

If compared with all the banks out there, the SBI offers the best bank PO salary.

2. Is Bank PO a good job?

Yes, it is the highest ranked bank job among aspirants who are planning to appear for the bank PO.

3. What is SBI PO salary?

The SBI PO salary is approximately Rs 40000-44000.

4. What will Bank PO salary after 5 years?

After 5 years, the Bank PO salary of an aspirant can cross Rs. 55000-60000.

5. What are the benefits given to aspirants apart from bank PO salary?

Aspirants are given various benefits such as travel allowance, house rent allowance and various other benefits.

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Questions related to SBI PO

Have a question related to SBI PO ?

Hello Aspirant,

Generally, having vitiligo does not prevent you from working in a bank like SBI as a PO or Clerk, or in other banks.

Bank eligibility primarily focuses on:

  • Educational qualification

  • Age limit

  • Nationality

  • General good health

Vitiligo is a skin condition that affects pigmentation and is not typically a disqualifying medical condition for banking roles. Unlike certain armed forces positions that have very strict physical appearance or performance standards, banking jobs usually do not have such specific requirements regarding skin conditions.

Your ability to perform the job duties, your skills, and your qualifications are the main factors considered. While you will undergo a medical examination, vitiligo itself is generally not a barrier. Always refer to the specific job notification's medical fitness guidelines for the role you're applying for.

If your parents’ income exceeds the OBC NCL limit this year, you should apply under the General category for IBPS PO and SBI PO recruitment. Previous years' applications under OBC NCL do not affect the current year's eligibility if income criteria change.

Hello aspirant ,

I hope you are doing well. As per your mentioned query , practising previous year question papers helps you to find the difficulty level of an exam . You also get to know about the exam pattern , important topics as well. It will boost your preparation.

Here are the links below , you can get previous year question papers for both exam in online mode.

https://competition.careers360.com/articles/ibps-po-question-papers

https://competition.careers360.com/articles/sbi-po-question-papers

Revert for further query!

Good luck !

Hi Akarsh,

The eligibility for the SBI PO exam is based on specific age criteria mentioned in the official notification.

SBI PO Age Criteria :

  • Minimum Age : 21 years.
  • Maximum Age : 30 years.
  • Age relaxation is provided for reserved categories as per government norms.

If you're being declared ineligible, it could be due to an incorrect interpretation of the cut-off date. A mismatch in the information you provided during the application.

You can check out the given link to know more.

Best wishes!

https://competition.careers360.com/exams/sbi-po

Hello Saurav,

It is unlikely to create a problem during the document verification (DV) process, as long as the university name on your certificates matches the details provided in your application form. However, since your college (ABC) is affiliated with XYZ University, it's important that the certificates or documents you present clearly show the relationship between the two.

To be on the safe side, you can:

  1. Check your documents: Ensure that the university name (XYZ) is correctly mentioned, and that it doesn't cause confusion with your college (ABC).

  2. Include the affiliation information : If possible, mention in your application or provide a separate document stating that your college is affiliated with XYZ University.

  3. Clarify during DV (Document Verification): If any questions arise, you can clarify this during the document verification by showing the affiliation of your college with the university.

If the documents are genuine and correctly reflect your academic background, this minor discrepancy should not pose a major issue.


I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.

Thank you and wishing you all the best for your bright future.


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