Indian Bank PO Salary 2018: Indian Bank, one of the topmost public sector banks in India, has released the official Indian Bank PO Notification for admission to Post Graduate Diploma in Banking and Finance (PGDBF) course at Indian Bank Manipal School of Banking (IBMSB). Upon completion of the course, the candidates will be recruited as Probationary Officers at different branches of Indian Bank across the country.
This year, there are 417 vacancies for the post of Indian Bank PO all over India. It is a highly prestigious job that offers great Indian Bank PO salary and ample growth opportunities. Aspiring candidates must have a clear idea about the Indian Bank PO Salary structure, allowances, perks and benefits, job description, and career opportunities. Here we will provide you with all these information. Read on to find out.
Indian Bank PO Salary Structure,, Job Profile & Promotions
Before getting into the details of Indian Bank PO salary, let’s have an overview of this exam:
Indian Bank PO Recruitment 2018: An Overview
|Exam||Indian Bank PO 2018|
|Conducting Authority||Indian Bank|
|Purpose||Recruitment of Probationary Officers (PO) – Admission to PGDBF Course at IBMSB|
|Job Location||All Over India|
|Job Type||Government Job|
|Job Category||Bank Job|
|Number of Vacancies||417|
|Mode of Application||Online|
|Mode of Examination||Online|
|Number of Stages||Three (Prelims, Mains, Personal Interview)|
The online registration for the exam has started and the last date to apply for the exam is 27th August 2018. Candidates must go through the official Indian Bank notification and check the Indian Bank eligibility criteria before applying for the exam.
Indian Bank PO Salary Structure
The total in-hand Indian Bank PO Salary will depend upon the location of posting. Indian Bank PO Salary will be different for metro cities, state capitals, and district level or rural areas as certain components of the salary depends upon the location of posting.
Let us now look at the detailed Indian Bank salary structure:
Indian Bank PO Salary Structure
|Dearness Allowance (DA)||10,163.63|
|City Compensatory Allowance (CCA)||3 to 4 percent|
|House Rent Allowance (HRA)||8.5 percent, 7.5 percent or 6.5 percent depending upon the location of posting|
Including all the components, the total in-hand Indian Bank PO Salary per month will be around Rs 38,000.
Indian Bank PO Salary: Other Perks And Benefits
Apart from the above mentioned Indian Bank PO Salary, the Probationary Officers will get the following benefits:
- Furniture expenses (one time),
- Newspaper allowance,
- Travel allowance,
- Business development expenses,
- Medical aid and expenses,
- House maintenance expenses, etc.
Indian Bank PO Salary: Job Description
Life as a Probationary Officer is all about learning everything about the banking system and day-to-day work at banks.
Indian Bank PO Salary: Indian Bank PO Job Description
|1. Indian POs have to multi-task and get involved in all sorts of activities at the office.|
|2. Indian bank POs work in different departments of the bank like, Marketing, Accounts, Finance, Loans and Advances, etc. and gain practical knowledge of how each of these departments works.|
|3. They supervise clerical activities across departments.|
|4. They provide customer support and services and need to handle the various queries and demands of the customers of the bank, related to opening bank accounts, issuing cheque books, Demand Drafts (DD), ATM, etc.|
|5. Processing loans is one of the most important tasks that Provisional Officers perform. They have to supervise the entire process of granting loans, including verification of documents.|
Indian Bank PO Salary: Promotions & Career Growth
There are great chances of growth in your job as a Probationary Officer at Indian Bank. Apart from increments in salary, there are internal examinations conducted for promotions clearing which you can grow and reach higher posts.
As you can see, a career as a Probationary Officer in Indian Bank has great scopes to grow both personally and professionally, based on your performance. So, if you really want to work in the banking sector of India, give your best shot in the exam. Be thorough with the Indian Bank PO syllabus and exam pattern and practice diligently. You must also take bank PO mock tests and work on the mistakes you make after every test. Bank PO mock tests are available for free on Embibe. Make proper use of these test series and ace the exam.
We hope this detailed article on Indian Bank PO Salary helps you. If you have any query regarding Indian Bank PO Salary, feel free to ping us. we will get back to you.1355 Views