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Bank of India PO Salary 2024 In Hand: The Bank of India is conducting recruitment for Probationary Officer vacancies. The candidate applying for the Bank of India PO 2024 exam are eager to know the Bank of India PO Salary 2024 details. Here we have updated the Bank of India PO Salary slip 2024. In the Bank of India PO Salary slip 2024, you can get to know various details such as Bank of India PO starting salary 2024 basic pay, allowances, deduction, gross pay, and net salary, i.e., Bank of India PO salary in hand 2024.
In this article, along with the Bank of India PO Salary 2024, you can also get to know the info about the Bank of India PO job profile, career growth, etc. So, candidates go through this article to know the particulars of Bank of India PO Salary slip 2024.
Bank of India Recruitment 2024 Important Details
| Board | Bank of India |
| Post | Credit Officers, Senior Managers, Law Officers, and others |
| Post Number | 143 Vacancy |
| Form Start | 27 March 2024 |
| Last date | 10 April 2024 |
| Notification PDF | |
| Official Website | www.bankofindia.co.in |
Post details
| Post Name | Scale | Vacancy |
| Credit Officers | MMGS-II | 25 |
| Chief Manager – Economist | SMGS-IV | 1 |
| Chief Manager – IT – Database Administrator | SMGS-IV | 2 |
| Chief Manager – IT – Cloud Operation | SMGS-IV | 1 |
| Chief Manager – IT – Network | SMGS-IV | 1 |
| Chief Manager – IT – System | SMGS-IV | 2 |
| Chief Manager – IT – Infra | SMGS-IV | 1 |
| Chief Manager – IT – Info. Security | SMGS-IV | 1 |
| Chief Manager – Marketing (Chief Wealth Manager) | SMGS-IV | 1 |
| Law Officers | MMGS-III | 31 |
| Data Scientist | MMGS-III | 2 |
| ML Ops Full Stack Developer | MMGS-III | 2 |
| Database Administrator | MMGS-III | 2 |
| Data Quality Developer | MMGS-III | 1 |
| Data Governance Expert | MMGS-III | 2 |
| Platform Engineering Expert | MMGS-III | 2 |
| Linux Administrator | MMGS-III | 2 |
| Oracle Exadata Administrator | MMGS-III | 2 |
| Senior Manager – IT | MMGS-III | 4 |
| Senior Manager – IT– Data Analyst | MMGS-III | 4 |
| Senior Manager – IT – Database | MMGS-III | 3 |
| Senior Manager – IT – Cloud Operation | MMGS-III | 2 |
| Senior Manager – IT – Network Security / Operation | MMGS-III | 3 |
| Senior Manager – IT – System (Windows /Solaris/RHEL) | MMGS-III | 4 |
| Senior Manager – IT – Infra | MMGS-III | 2 |
| Senior MGR – IT Endpoint Security Manager for Tool Mgmt | MMGS-III | 1 |
| Senior Manager – IT – Security Analyst | MMGS-III | 4 |
| Senior MGR – IT – GRC (Risk & Control) | MMGS-III | 1 |
| Senior Manager – IT (Fintech) | MMGS-III | 5 |
| Senior Manager – IT- Statistician | MMGS-III | 2 |
| Law Officers | MMGS-II | 25 |
| Economist | MMGS-II | 1 |
| Technical Analyst | MMGS-II | 1 |
| Total | 143 | |
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Bank of India PO Salary 2024
The Bank of India PO Salary 2024 basic pay is here.
| Scale | Bank of India PO Salary 2024 Scale of Pay |
| Junior Management Grade Scale – I (JMGS I) | 36000-1490/7-46430-1740/2-49910-1990/7-63840 |
The above Bank of India PO Salary 2024 Scale of Basic pay is subject to amendments of appropriate provisions in the Bank of India Officers’ Service Regulations, 1979.
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Bank of India BOI Salary 2024 Structure
1: What does the acronym "ATM" stand for in banking?
To understand more about the salary structure of Bank of India posts we have to learn about different salary scales first. Take a look at the following table for more information.
| Scale | Abbreviation | The scale of pay (in INR) |
| Junior Management Grade Scale – 1 | JMGS 1 | 36000-1490/7-46430-1740/2-49910-1990/7-63840 |
| Middle Management Grade Scale – 2 | MMGS 2 | 48170-1740/1- 49910-1990/10-69810 |
| Middle Management Grade Scale – 3 | MMGS 3 | 63840-1990/5- 73790-2220/2-78230 |
| Senior Management Grade Scale – 4 | SMGS 4 | 76010-2220/4- 84890-2500/2-89890 |
The above Basic Pay Scale is subject to changes in the Bank of India Officers’ Service Regulations, 1979, as necessary.
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Bank of India PO Salary Slip 2024
Here we have given the Bank of India PO salary slip 2024. In the Bank of India PO salary slip 2024, you can see all the particulars such as gross pay, allowances, basic salary, etc. Also, you can see the details of deductions in the Bank of India PO salary slip 2024. After the deductions from the Bank of India PO salary 2024 gross pay, you can get the net salary.
| Bank of India PO Salary Slip 2024 | |||
| Bank of India PO Salary Slip 2024 Particulars | Amount | Deductions | Amount |
| Bank of India PO Salary 2024 (Basic Pay) | Rs. 36,000.00 | Prof. Tax | Rs. 200.00 |
| D.A. | Rs. 8,593.20 | Mem. Cont. To NPS | Rs. 4,459.32 |
| H.R.A. | Rs.3.2240.00 | ||
| C.C.A. | Rs. 1,400.00 | ||
| Spl. Allowance | Rs. 5,904.00 | ||
| DA Other | Rs. 1,552.50 | ||
| Learning Allowance | Rs. 600.00 | ||
| Bank of India PO Salary 2024 (Gross Salary) | Rs. 57,289.70 | Total Deductions | Rs. 4,659.32 |
| Bank of India PO Salary in hand 2024 (Net Pay) | Rs. 52,630.38 | ||
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Bank of India BOI 2024 Inhand Salary
The in-hand salary might range from Rs. 36,000 to Rs. 89890. This depends on the post for which a candidate is selected.
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Bank of India BOI 2024 Post Wise Salary
The salary given per the scale is listed in the tables above. This paragraph will give you an idea about the salary scales of different job positions open for recruitment as per the present year notification. The salary scales of the permanent posts are as shown below.
| Posts Name | Scale |
| Economist | MMGS -II |
| Statistician | MMGS -II |
| Risk Manager | MMGS -III |
| Credit Analyst | SMGS -IV |
| Credit Officers | JMGS-I |
| Tech Appraisal | MMGS-II |
| IT Officer – Data Centre | JMGS-I |
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The salary scale of contract-based posts is as shown in the following list.
| Posts Name | Scale |
| Manager IT | MMGS -II |
| Senior Manager IT | MMGS -III |
| Manager IT (Data Centre) | MMGS -II |
| Senior Manager IT (Data Centre) | MMGS -III |
| Senior Manager (Network Security) | MMGS-III |
| Senior Manager (Network Routing & Switching Specialists) | MMGS-III |
| Manager (Endpoint Security) | MMGS-II |
| Manager (Data Centre) – System Administrator Solaris/Unix | MMGS-II |
| Manager (Data Centre) – System Administrator Windows | MMGS-II |
| Manager (Data Centre) – Cloud Virtualization | MMGS-II |
| Manager (Data Centre) – Storage & Backup Technologies | MMGS-II |
| Manager (Data Centre – Network Virtualization on SDN-Cisco ACI) | MMGS-II |
| Manager (Database Expert) | MMGS-II |
| Manager (Technology Architect) | MMGS-II |
| Manager (Application Architect) | MMGS-II |
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Bank of India BOI Salary 2024 Allowances
Bank of India gives regular or permanent SO post employees certain allowances and benefits such as:
- Dearness Allowance
- House Rent Allowance
- Transport Allowance
- Newspaper Reimbursement
- Hospital Bills Reimbursement
- Pension
- Petrol Allowance
- PF Allowance
But in the case of contract-based employees, other allowances or benefits are not available to the incumbent. In the event of outstation responsibilities, the incumbent will be entitled to travel and stopping allowances at the same rate as Bank Officers in the same Scale.
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Bank of India BOI Salary 2024 Promotions
The information on the work profile of different posts will be given to the candidate in later stages of the selection process.
Specialist officers are offered several possibilities to further their careers based on their achievements. The following is the hierarchy that is followed at the time of promotion.
| No. | Post grade | Scale | Post name |
| 1 | Junior Management Grade | 1 | Assistant Manager |
| 2 | Middle Management Grade | 2 | Manager |
| 3 | Middle Management Grade | 3 | Senior Manager |
| 4 | Senior Management Grade | 4 | Chief Manager |
| 5 | Senior Management Grade | 5 | Assistant General Manager |
| 6 | Top Management Grade | 6 | Deputy General Manager |
| 7 | Top Management Grade | 7 | General Manager |
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It is essential to understand the selection process, syllabus and exam pattern to perform well in a competitive exam. But knowing more about the salary, other allowances, work profile and promotion opportunities will help you to decide which job position they should apply for. Having more knowledge about your duties and responsibilities as well as your reward will help you decide whether you are good for that job post.
The aim of the above article was to make the aspirants of Bank of India BOI 2024 recruitment drive about the essential features discussed above. Download the Entri app to help you prepare for nationwide competitive exams as well as state-based competitive exams.
Frequently Asked Questions
Q1: What is Bank of India PO salary 2024 starting basic pay?
Ans: Bank of India PO salary 2024 starting basic pay is Rs.36000.
Q2. What is Bank of India PO salary in hand 2024?
Ans: Bank of India PO salary in hand 2024 is approximately Rs.52630.
