South Indian Bank PO Salary 2024 - Structure, Job Profile, In Hand Salary

South Indian Bank will prescribe the South Indian Bank PO 2024 salary structure for all candidates in the official notification. Candidates appearing for the exam will be able to know the complete pay scale structure by going through the salary of South Indian Bank PO. Candidates who are aspiring to appear for the South Indian Bank Probationary Officer Exam (South Indian Bank PO) will be able to check the salary package for the same. As per the South Indian Bank PO 2024 exam pattern, the test will be held in three stages - Online Test, Group Discussion and Personal Interview.

This Story also Contains

1. South Indian Bank PO Salary 2024 - Stages
2. South Indian Bank PO 2024 - Allowances
3. South Indian Bank PO - Probation Period
4. Job Profile of South Indian Bank PO

The recruited candidates will get various allowances along with the South Indian Bank PO pay scale. The structure of the South Indian Bank PO salary 2024 will be determined in three stages - classroom program (8 months), Internship (4 months), and the recruitment stage. Candidates meeting the eligibility criteria will be able to fill the application form 2024 of South Indian Bank PO in online mode. Candidates securing the minimum South Indian Bank PO 2024 cut off will be considered qualified. Read the complete article to know about the South Indian Bank PO Salary 2024, stages, allowances and other details.

South Indian Bank PO Salary 2024 - Stages

The South Indian Bank PO Salary 2024 is likely to be provided in different stages. Given below are the stages:

• Classroom programme (8 months)

• Internship (5 months)

• Final Salary

Stages in South Indian Bank PO Salary 2024

All candidates who will take admission in the South Indian Bank PO program will get the salary in the form of stipend in the initial training days. The South Indian Bank PO salary will comprise the following:

South Indian Bank PO Salary 2024 - 8 months classroom programme

In the initial stage after qualifying the South Indian Bank PO examination candidates will have to undergo 8 months of classroom programme. During this stage candidates will be learning the basics of Banking and Finance as per the syllabus. Candidates will be paid a stipend of Rs 3,000 per month during the 8 months duration.

South Indian Bank PO Salary 2024 - 4 months Internship

Students will have to go for 4 months of internship after successfully completing the classroom programme. Candidates will have to complete this stage of internship from any of the branches of the South Indian Bank. A sum of Rs 15,000 will be paid as stipend during this phase of the internship.

South Indian Bank PO Salary 2024 - Final Recruitment

Students completing both the stages of internship will then be provided a post of probationary officer at any of the branches of the South Indian Bank. Candidates will be paid Rs 36,000 – 1,490/7 – 46,430 – 1,740/2 – 49,910 – 1,990/7 – 63,840 plus DA, HRA & other allowances as per the pay scale of the South Indian Bank PO. However, the starting salary of South Indian Bank PO 2024 for all recruited candidates may change depending upon allowances, perks and other benefits

• Basic pay of Rs. 36,000

• Special allowance of Rs. 1,636

• Dearness Allowance (DA) will be Rs. 14,206

• House Rent Allowance (HRA) will be Rs. 3,133

• City Compensatory Allowance (CCA) will be Rs 970

Read More:

South Indian Bank PO Application Form 2024

South Indian Bank PO Exam Pattern 2024

South Indian Bank PO Admit Card 2024

South Indian Bank PO Cut Off 2024

South Indian Bank PO Result 2024

South Indian Bank PO 2024 - Allowances

Apart from the basic salary candidates will also be provided with various allowances. The allowances will include Special allowance, Dearness Allowance, House Rent Allowance, and City Compensatory Allowance.

South Indian Bank PO - Probation Period

All the qualified candidates as per South Indian Bank PO 2024 result, after completing the program at the Manipal School of Banking and Finance will have to serve the probation period of 2 years at their respective branch of ICICI Bank. Candidates will be confirmed at their post as Assistant Managers on the basis of their performance during the probation period.

Job Profile of South Indian Bank PO

The job profile opens various roles for the candidates. Candidates appointed as POs will have to serve at any of the branches, and officers of ICICI Bank. Candidates will have to then serve at various job roles like branch banking, credit, marketing, business development, treasury etc.