Deepti Kandregula

What is a typical salary structure of an average Bank Officer?

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by Deepti Kandregula
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RE: What is a typical salary structure of an average Bank Officer?

Sachin Jakhar
Sachin Jakhar
Verified Career Expert
Vice President at Professional School of Indian Banking
  • Gurgaon

A typical salary structure will depend on the type of bank one is employed at. A person can be bank officer in a Private bank or a public sector bank (also called PO or probationary officer).


In a private sector bank, like ICICI, HDFC, YES, AXIS etc. the salary is range bound. That is there is a scope of negotiation and hence it will differ from bank to bank and in some cases employee to employee.

The range is 1.8 LPA (Lacs per annum) - 2.75 LPA.Private sector bank and companies work on CTC (cost to company basis). Hence the compensation/package is given on per annum basis. In hand salary usually vary from 15,000 to 22,000 per month.

On the other hand public sector banks have a fixed salary structure as per last revision it is
14,500-25,700 for bank PO which means basic salary when a PO joins a bank is 14,500 and over time with increments it becomes 25,700. The salary structure is morerigidin these cases but there are other allowances which are applicable over and above basic salary in PSU banks like:
House rent allowance, Dearness allowance, Travelling allowance, CCA, PF (provident fund), Telephone bill reimbursement, Fuel reimbursement, Newspaper reimbursements etc.

Let me give you an example to give you more clarity:
Basic Pay: 14,500
Dearness Allowance (DA) (95% of basic): 13,775
House rent allowance (HRA) (10%): 1450
CCA (depending on place of posting) (4%): 580
Fuel Allowance: 2000
Newspaper: 200

In hand salary becomes roughly 32,500. This when compared to a new joinee in private bank is significantly high, but the catch is that private bank gives performance pay or variable pay.

Summary: Over all in initial stages of career in banking PSU bank's salary is more but over a period of time Private banks pay higher salary as promotions are faster and variable pay (Performance pay) increases.

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