{"id":6206538,"date":"2020-07-15T07:11:26","date_gmt":"2020-07-15T01:41:26","guid":{"rendered":"https:\/\/entri.app\/blog\/?p=6206538"},"modified":"2021-11-01T09:53:56","modified_gmt":"2021-11-01T04:23:56","slug":"indian-bank-po-salary","status":"publish","type":"post","link":"https:\/\/entri.app\/blog\/indian-bank-po-salary\/","title":{"rendered":"Indian Bank PO Salary 2020 &#8211; Perks and Allowance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d3d08175793\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d3d08175793\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-salary\/#Indian_Bank_PO_2020_Overview\" >Indian Bank PO 2020: Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-salary\/#Indian_Bank_PO_Salary_2020_%E2%80%93_Perks_and_Allowance\" >Indian Bank PO Salary 2020 &#8211; Perks and Allowance<\/a><\/li><\/ul><\/nav><\/div>\n<p>Indian Bank, which is one of the top public sector banks in India, will release the official\u00a0<a href=\"https:\/\/entri.app\/blog\/indian-bank-po-recruitment-notification\/\" target=\"_blank\" rel=\"noopener\">Indian Bank PO 2020 Notification<\/a> for admission to Post Graduate Diploma in Banking and Finance (PGDBF) course at Indian Bank Manipal School of Banking (IBMSB) soon. Upon completion of the course, the applicants will be recruited as Probationary Officers at different branches of the Indian Bank across the country. In this article, we will discuss Indian Bank PO Salary 2020 &#8211; Perks and Allowance.<\/p>\n<p>Indian Bank Probationary Officer is a highly prestigious job that offers a great salary and ample growth opportunities. Aspirants must have a clear idea about the Salary structure, allowances, perks and benefits, job description, and career opportunities that they will get if they manage to clear the Indian Bank PO Exam. In this blog, we will provide you with all this information. Continue to find out.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.sng.link\/Bcofz\/n3cz\/636x\">Download Entri app to get free mock tests for various competitive exams!!!<\/a><strong>\u00a0<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indian_Bank_PO_2020_Overview\"><\/span><strong>Indian Bank PO 2020: Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Before getting into the details of Indian Bank PO Salary 2020 &#8211; Perks and Allowance, let\u2019s have an overview of the exam:<\/p>\n<table width=\"662\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"623\"><strong>Indian Bank PO Recruitment 2020: An Overview<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Name of the Exam<\/td>\n<td width=\"312\">Indian Bank PO 2020<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Exam Conducting\u00a0Authority<\/td>\n<td width=\"312\">Indian Bank<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Position<\/td>\n<td width=\"312\">Recruitment of Probationary Officers (PO) \u2013 Admission to PGDBF Course at IBMSB<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Location<\/td>\n<td width=\"312\">All Over India<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Job Type<\/td>\n<td width=\"312\">Government<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Category<\/td>\n<td width=\"312\">Bank Job<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Number of Vacancies<\/td>\n<td width=\"312\">Not announced Yet<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Application Mode<\/td>\n<td width=\"312\">Online<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Mode of Exam<\/td>\n<td width=\"312\">Online<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Stages in Selection Process<\/td>\n<td width=\"312\">Three (Prelims, Mains, Personal Interview)<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Website<\/td>\n<td width=\"312\">indianbank.in<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The online registration for the exam will start shortly after the release of official Notification. Aspirants must go through the official Indian Bank notification and check the Indian Bank eligibility criteria before applying for the exam.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.sng.link\/Bcofz\/n3cz\/636x\">Click Here Get Free Mock tests for Various Government Exams!!<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indian_Bank_PO_Salary_2020_%E2%80%93_Perks_and_Allowance\"><\/span><strong>Indian Bank PO Salary 2020 &#8211; Perks and Allowance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Indian Bank provides some special allowances to its employees appointed as a Probationary Officer. Indian Bank PO Salary 2020 &#8211; Perks and Allowance section covers the details about the PayScale and the other allowances &amp; perks of an Indian Bank PO Job.<\/p>\n<h3><strong>Training Period<\/strong><\/h3>\n<ul>\n<li>The PG diploma course duration is\u00a0<strong>12 months<\/strong>\u00a0which is also the training period. It involves 2 stages:\n<ul>\n<li><strong>9 months of <\/strong>classroom training at Manipal Global Education Service, Bangalore.<\/li>\n<li><strong>3 months <\/strong>internship at Indian Bank Branches.<\/li>\n<\/ul>\n<\/li>\n<li>On completion of 12 months of training, the trainees shall be awarded the PG diploma in banking &amp; finance along with their appointment letter to work as PO in Indian Bank with salary an approximate salary of \u00a0<strong>Rs.32,000 \u2013 38,000\/ month.<\/strong><\/li>\n<li>The actual cost of undergoing this course at Manipal global inclusive of boarding, Lodging and course fees, other fees is\u00a0<strong>Rs.3.50 lacs<\/strong>, which can be paid through an educational loan provided by the bank.<\/li>\n<\/ul>\n<p><strong>Service Bond:<\/strong><\/p>\n<ul>\n<li>Repayment of educational loan shall start only after the training period, which is after the aspirants become an officer in the bank.<\/li>\n<li>Since EMI\u2019s will be deducted from the salary for a period of\u00a0<strong>84 months<\/strong>, aspirants should work with the bank for\u00a0<strong>7 years<\/strong>.<\/li>\n<\/ul>\n<p><strong>Loan Refund:<\/strong><\/p>\n<ul>\n<li>Indian banks will refund the loan amount from the <strong>6th year<\/strong>\u00a0onwards at the rate of\u00a0<strong>20%<\/strong>\u00a0every year.<\/li>\n<\/ul>\n<h3><strong>Indian Bank PO Salary Structure<\/strong><\/h3>\n<p>The final in-hand Salary of an Indian Bank PO will depend upon the location of posting. Salary will vary for metro cities, state capitals, and district level or rural areas as certain components of the salary will depend on the location of posting.<\/p>\n<p>Now let\u2019s have a look at the detailed Indian Bank salary structure:<\/p>\n<table width=\"662\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"623\"><strong>Indian Bank PO Salary Structure<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Basic<\/td>\n<td width=\"312\">23,700<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Dearness Allowance (DA)<\/td>\n<td width=\"312\">10,163.63<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Special Allowance<\/td>\n<td width=\"312\">1863<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">City Compensatory Allowance (CCA)<\/td>\n<td width=\"312\">3 to 4 percent<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">House Rent Allowance (HRA)<\/td>\n<td width=\"312\">6.5 percent, or 7.5 percent or 8.5 percent depending upon the location of posting<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The total in-hand Indian Bank PO Salary per month will be around Rs 38,000 inclusive of all components.<\/p>\n<h3><strong>Other Perks And Benefits<\/strong><\/h3>\n<p>Apart from the above-mentioned Salary, the Probationary Officers of Indian Bank will get the following benefits:<\/p>\n<ol>\n<li>Furniture expenses (one time),<\/li>\n<li>Newspaper allowance,<\/li>\n<li>Travel allowance,<\/li>\n<li>Business development expenses,<\/li>\n<li>Medical aid and expenses,<\/li>\n<li>House maintenance expenses, etc.<\/li>\n<\/ol>\n<p>In this article, we discussed Indian Bank PO Salary 2020 &#8211; Perks and Allowance. Keep visiting this blog for more updates on various government jobs.<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/entri.sng.link\/Bcofz\/n3cz\/636x\">Click Here Get Free Mock tests for Banking Exams!!<\/a><\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"285\" \/>\n<col width=\"285\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Informations&quot;}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0,&quot;2&quot;:{&quot;5&quot;:1,&quot;6&quot;:1}}\uee10{&quot;1&quot;:14}\"><em><strong>Indian Bank PO Exam Information Links<\/strong><\/em><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Syllabus&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-syllabus-and-exam-pattern\/\"><a class=\"in-cell-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-recruitment-notification\/\" target=\"_blank\" rel=\"noopener\">Indian Bank PO Notification<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Mock Test&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-mock-test\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-selection-process\/\">Indian Bank PO Selection Process<\/a><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Exam date&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-exam-date\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-syllabus-and-exam-pattern\/\">Indian Bank PO Syllabus<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Video Course&quot;}\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-mock-test\/\">Indian Bank PO Mock Test<\/a><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Application Form&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-apply-online\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-exam-date\/\">Indian Bank PO Exam Date<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Study Materials&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-study-materials\/\">Indian Bank PO Video Course<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Vacancy&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-exam-date-vacancies-and-syllabus\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-apply-online\/\">Indian Bank PO Application Form<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Interview Questions&quot;}\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-study-materials\/\">Indian Bank PO Study Materials<\/a><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Admit Card&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-admit-card\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-exam-date-vacancies-and-syllabus\/\">Indian Bank PO Vacancy<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Job Profile &quot;}\"><a href=\"https:\/\/entri.app\/blog\/indian-bank-po-interview-questions\/\">Indian Bank PO Interview Questions<\/a><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Study Plan&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-study-plan\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-admit-card\/\">Indian Bank PO Admit Card<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Salary&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-salary\/\"><a href=\"https:\/\/entri.app\/blog\/indian-bank-po-job-profile\/\">Indian Bank PO Job Profile<\/a><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Previous Question papers&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-examination-previous-year-question-papers\/indian-bank-po-prev-yr-qstn\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-study-plan\/\">Indian Bank PO Study Plan<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Preparation Tips and Tricks&quot;}\"><a href=\"https:\/\/entri.app\/blog\/indian-bank-po-preparation-tips\/\">Indian Bank PO Preparation Tips and Tricks<\/a><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Best books&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/best-books-for-indian-bank-po-exam-insights\/\"><a class=\"in-cell-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-examination-previous-year-question-papers\/indian-bank-po-prev-yr-qstn\/\" target=\"_blank\" rel=\"noopener\">Indian Bank PO Previous Question Papers<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Result&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-result\/\"><a class=\"in-cell-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-result\/\" target=\"_blank\" rel=\"noopener\">Indian Bank PO Result<\/a><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Eligibility Criteria&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-eligibility-criteria\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/best-books-for-indian-bank-po-exam-insights\/\">Indian Bank PO Best Books<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Cutoff&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-cut-off\/\"><a class=\"in-cell-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-cut-off\/\" target=\"_blank\" rel=\"noopener\">Indian Bank PO Cutoff<\/a><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Selection Process&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-selection-process\/\"><a class=\"waffle-rich-text-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-eligibility-criteria\/\">Indian Bank PO Eligibility Criteria<\/a><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Exam Analysis&quot;}\"><a href=\"https:\/\/entri.app\/blog\/indian-bank-po-exam-analysis\/\">Indian Bank PO Exam Analysis<\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Indian Bank PO Answer key&quot;}\" data-sheets-hyperlink=\"https:\/\/entri.app\/blog\/indian-bank-po-answer-key\/\"><a class=\"in-cell-link\" href=\"https:\/\/entri.app\/blog\/indian-bank-po-answer-key\/\" target=\"_blank\" rel=\"noopener\">Indian Bank PO Answer Key<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Indian Bank, which is one of the top public sector banks in India, will release the official\u00a0Indian Bank PO 2020 Notification for admission to Post Graduate Diploma in Banking and Finance (PGDBF) course at Indian Bank Manipal School of Banking (IBMSB) soon. Upon completion of the course, the applicants will be recruited as Probationary Officers [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":6207212,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[802,246,242],"tags":[],"class_list":["post-6206538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-banking","category-indian-bank-po"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian Bank PO Salary 2020 - Perks and Allowance - Entri Blog<\/title>\n<meta name=\"description\" content=\"Indian Bank Probationary Officer is a highly prestigious job. 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