The South Indian Bank PO exam is a hard exam to crack. The exam contains 160 questions that you must answer in 140 minutes. The...
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March 28, 2024South 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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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.
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:
Year | Salary |
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First Year | Basic Pay: INR 36,000 |
Next Seven Years | Basic Pay: INR 36,000 and Increment of INR 1,490 Annually |
Next Two Years | Basic Pay: INR 46,430 and Increment of INR 1,740 Annually |
Next Seven Years | Basic Pay: INR 49,910 and Increment of INR 1,990 Annually |
Apart from the basic pay, the candidates will receive various other bonuses. These perks include the following:
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The South Indian Bank PO probation period is around two years. Candidates will be awarded a confirmation letter after completing the probation term successfully.
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:
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:
Quick Links –
South Indian Bank PO Application Form | South Indian Bank PO Books |
South Indian Bank PO Selection Process | South Indian Bank PO Result |
Aspirants can check some of the frequently asked questions related to the SIB PO salary below:
A: The basic pay of the South Indian Bank PO is INR 36,000.
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.
A: The probation period for SIB PO is 2 years.
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.
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 free to check our app if you have any queries regarding the exam.
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