Deepti Kandregula

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

Give me an answer as soon as possible


by Deepti Kandregula
1 answer
| Share :

1 answer

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.

In order to post replies to the question: "What is a typical salary structure of an average Bank Officer?"

Post Reply

Latest Answers

How to prepare for UGC NET economics?

Hi Karan Bhut, The basic strategy for UGC NET JRF 2021 should completion of the whole syllabus within 6 months as the examination for this year will b .. READ MORE

Which course should I join after 10th to enter in agriculture sector

Hi Rajesh, To pursue Agriculture as a professional line, you can take up science as your main subjects in your 10+2. You can take up PCB as your major .. READ MORE

Is sunrise university is valid university

Sunrise University is not fake, Please check the details here is the list of all fake and Approved by UGC University .. READ MORE

mam i am in 12th class.i want to become english professor .what should i do which tests i have to clear .

Hi Sukhdeep, Well, this is a great thought to become an English professor. Here I'll guide you the steps to become english professor. He/She must .. READ MORE
Most Popular

What bank exams can I give after 12th? What is the procedure involved in getting bank job?

As per my suggestions, you can prepare for NABARD Grade-A Exam 2021. I have discussed bellow all the eligibility of NABARD Grade A. Age Limit:  .. READ MORE

I want to become bank manager which course should I do

For a career in the Banking sector any degree will do..however, if one has a commerce degree the job will be easier and more chances for further ca .. READ MORE

What Type Of Questions Are Asked In The Entrance Exams?

In the objective type paper you will get so many sections which are as mentioned below: Name of Section Marks Allotted Quantitative Aptitude - .. READ MORE

List of colleges where I can apply for M.Tech without GATE score?

Hello, I was thinking to prepare for UGC NET Exam 2021. If it possible to do after M.Tech? I don't know what to do next. Because, now I am thinking to .. READ MORE
Caching Date: 1/21/2021 2:35:31 PM