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  • Written By Monica_Kumari
  • Last Modified 06-01-2023

South Indian Bank PO Salary 2023: Check Salary & Perks

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South Indian Bank PO Salary 2023: Candidates recruited as Probationary Officers (PO) at South Indian Bank (SIB) will receive a generous salary. In addition to other benefits, the Probationary Officer will also be eligible for Performance Linked Incentives (PLI). Knowing the salary structure will give candidates a better understanding of the allowances and other benefits.

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**Steps to practice South Indian Bank PO unlimited questions are mentioned below in this article.

Eligible applicants can check the salary structure and job profile from this article. The starting basic pay for the appointed applicants will be INR 36,000. They will have to serve a probation period of 2 years. Read on to know more.

SIB PO Salary Structure 2023

The South Indian Bank PO pay scale is based on the guidelines set by Indian Banks Association (IBA). The salary scale of the Probationary Officers is Rs. 36,000 – 1,490/7 – 46,430 – 1,740/2 – 49,910 – 1,990/7 – 63,840, with other allowances. Check out the detailed salary structure in the below table:

YearSalary
First YearBasic Pay: INR 36,000
Next Seven YearsBasic Pay: INR 36,000 and Increment of INR 1,490 Annually
Next Two YearsBasic Pay: INR 46,430 and Increment of INR 1,740 Annually
Next Seven YearsBasic Pay: INR 49,910 and Increment of INR 1,990 Annually

SIB PO Allowances and Benefits

Apart from the basic pay, the candidates will receive various other bonuses. These perks include the following:

  • Special Allowance
  • Dearness Allowance
  •  House Rent Allowance,
  • City Compensatory Allowance
  • Medical Allowance
  • Paid Leave

How To Practice Questions on South Indian Bank PO Exam?

Know the steps to practice questions on the South Indian Bank PO exam below:

  • 1st Step: Visit Embibe’s official website, i.e., embibe.com.
  • 2nd Step: Use the mobile number/email to log in.
  • 3rd Step: Click on the “Getting a Government Job” menu bar. 
  • 4th Step: Select the Goal “Banking” from the Dropdown and click on “Next”.
  • 5th Step: Search and Select “South Indian Bank PO” on the search bar and click on “Next”.
  • 6th Step: Select the preferred language and click on “Done”.
  • 7th Step: Click “Practice” from the Header Section.
  • 8th Step: Scroll down to the “Subjects” section.
  • 9th Step: Click on any South Indian Bank PO subjects.
  • 10th Step: Scroll down to click on the chapters from the selected subject to begin the practice.

SIB PO Probation Period

The South Indian Bank PO probation period is around two years. Candidates will be awarded a confirmation letter after completing the probation term successfully.

SIB PO Job Profile

A probationary officer is responsible for a wide variety of tasks and duties. The job profile of a South Indian Bank PO includes the following activities:

  • Branch Banking
  • Marketing
  • Business Development
  • Treasury
  • Foreign Exchange Market
  • Budgeting
  • Loan Processing and Approval
  • Investment Management, etc.

SIB PO Promotion and Career Growth 2023

The salary for the South Indian Bank PO post is not the only requirement. Employment also provides a more stable career path. Candidates can check the promotions expected to come their way if they pass the test:

  • Scale 2: Manager
  • Scale 3: Senior Manager
  • Scale 4: Chief Manager
  • Scale 5: Assistant General Manager
  • Scale 6: Deputy General Manager
  • Scale 7: General Manager
  • Executive Director (ED)
  • Chairman and Managing Director (CMD)

Quick Links –

South Indian Bank PO Application FormSouth Indian Bank PO Books
South Indian Bank PO Selection ProcessSouth Indian Bank PO Result

FAQs on South Indian Bank PO Salary

Aspirants can check some of the frequently asked questions related to the SIB PO salary below:

Q: What is the basic pay of the South Indian Bank PO?

A: The basic pay of the South Indian Bank PO is INR 36,000.

Q: What are the allowances given to South Indian Bank PO?

A: The South Indian Bank PO receives perks such as Special Allowance, Dearness Allowance, House Rent Allowance, and City Compensatory Allowance apart from the basic salary.

Q: What is the South Indian Bank PO probation period?

A: The probation period for SIB PO is 2 years.

Q: What is the job profile of SIB PO?

A: The duty of a SIB PO is to handle everyday customer transactions such as passing a cheque, issuing a draft, managing cash, and so on.

Q: What is the promotion hierarchy of South Indian Bank PO?

A: Candidates can check the promotion hierarchy of South Indian Bank PO from the above article.

We hope this detailed article on South Indian Bank PO Salary 2023 will be helpful. Feel to check our app if you have any queries regarding the exam.

Stay tuned to embibe.com to catch all the updates about the South Indian Bank PO Exam 2023!

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