Probationary Officers are responsible for customer services, account management, financial analysis, risk management and documentation works in a bank. Their duties can vary depending on the bank’s size and location. The average annual salary of a Probationary Officer is INR 5.50 LPA with the highest salary being INR 12 LPA.
To become a Probationary Officer, candidates have to earn a bachelor’s degree in any discipline followed by qualifying for PO entrance exams conducted by public and private banks. Institute of Banking Training, Career Power and BSC Academy are some of the top institutes that candidates can join to prepare for PO entrance exams. UG courses that can be helpful in PO exam preparation include BCom, BSc Finance and BA Economics. Some of the other government jobs that can be taken up as a career choice apart from Probationary Officers are Collectors, IAS Officers and Police Officers.
Table of Contents
- Salary of a Probationary Officer in India
- Salary of a Probationary Officer Experience Wise
- Salary of a Probationary Officer Designation Wise
- Salary of a Probationary Officer Skill Wise
- Salary of a Probationary Officer Qualification Wise
- Salary of a Probationary Officer Company Wise
- Salary of a Probationary Officer City Wise
- Salary of a Probationary Officer FAQs
Salary of a Probationary Officer in India
The average salary of a Probationary Officer after gaining substantial years of experience is INR 5.5 LPA. The starting salary for a Probationary Officer in India is 2.80 LPA while the highest salary is INR 13.08 LPA. The estimated monthly salary in India for Probationary Officer is between INR 41,446 to INR 42,590.
Probationary Officers with experience of about 5 years are earning up to INR 5.8 LPA in India. Professionals with experience and higher designations are expected to have a better salary in India. Senior Officer and Relationship Manager are top designations with average annual salaries of INR 4.5 LPA and INR 3.5 LPA respectively. Check: Salary of an IAS Officer
Salary of a Probationary Officer: Experience Wise
Experienced Probationary Officers are compensated more compared to new ones because of the knowledge and expertise they possess. Experience is a crucial factor in deciding a Probationary Officer’s salary. The following table highlights the Probationary Officer salaries based on years of experience.
| Experience Years | Average Annual Salary (INR) |
|---|---|
| 0 - 1 year | 2.84 L |
| 1 - 2 years | 3.66 L |
| 2 - 3 years | 3.94 L |
| 3 - 4 years | 5.04 L |
| 4 - 5 years | 5.80 L |
Salary of a Probationary Officer: Designation Wise
A Probationary Officer is responsible for training, customer services and various banking operations in the bank. They also prepare for managerial positions while executing these tasks. Probationary Officer salaries for some of the top designations are mentioned in the table below.
| Designations | Average Annual Salary (INR) |
|---|---|
| Assistant Officer | 3.2 L |
| Junior Analyst | 2.7 L |
| Junior Officer | 2.6 L |
| Senior Officer | 4.5 L |
| Relationship Officer | 2.4 L |
| Customer Service Officer | 2.6 L |
| Relationship Manager | 3.5 L |
Salary of a Probationary Officer: Skill Wise
The salary of a Probationary Officer can vary depending on their skills. Banks often offer competitive compensation to attract and retain skilled professionals. Probationary Officer salaries according to different skills are mentioned in the following table.
| Skill Set | Average Annual Salary (INR) |
|---|---|
| Customer Relationship | 3 L |
| Accounting | 2.5 L |
| Sales | 2.5 L |
| Cash Management | 2.2 L |
| Mutual Funds | 3.2 L |
| Finance | 12.5 L |
| Marketing | 2.4 L |
| Management | 11.5 L |
| Banking | 3 L |
Salary of a Probationary Officer: Qualification Wise
The salary of a Probationary officer is influenced by their qualification and educational background. Banks offer structured compensation that takes into account the level of education attained by the Probationary Officer.
The following table highlights the salaries of Probationary Officers at different qualification levels.
| Degree Pursued | Average Annual Salary (INR) |
|---|---|
| Bachelors | 6 L - 8 L |
| Masters | 7 L - 10 L |
Salary of a Probationary Officer: Company Wise
Probationary Officers hold a crucial position in different banks and financial institutions taking on various responsibilities and learning skills to move up to higher posts. The table below highlights the salary of some of the top recruiters of Probationary Officers in India.
| Name of the Companies | Average Annual Salary (INR) |
|---|---|
| State Bank Of India | 8.3 L |
| ICICI Bank | 4 L |
| Federal Bank | 9.6 L |
| Muthoot Finance | 2.5 L |
| Karnataka Bank | 8.2 L |
| South India Bank | 8.4 L |
| Canara Bank | 6.4 L |
| Bank of Baroda | 6.8 L |
| Bank of India | 7.1 L |
Salary of a Probationary Officer: City Wise
The city in which a Probationary officer works can significantly affect its salary. Factors like cost of living, economic conditions and presence of industries can play a major role in deciding a Probationary Officer’s salary in different cities.
Probationary Officer salaries from some of the top Indian cities are mentioned in the table below.
| Name of the Cities | Average Annual Salary (INR) |
|---|---|
| New Delhi | 7.5 L |
| Mumbai | 6.3 L |
| Bangalore | 5.2 L |
| Chennai | 5 L |
| Hyderabad | 4.7 L |
Salary of a Probationary Officer: FAQs
Ques. How is the salary of a Probationary Officer determined?
Ans. Factors such as employing organisation, location, industry standards and government standards are taken into consideration while deciding a Probationary Officer's salary.
Ques. Do Probationary Officers receive any allowances along with their salary?
Ans. Probationary Officers receive allowances like HRA, medical benefits, travel allowance, pension schemes and subsidised loans.
Ques. How does the salary of a Probationary officer progress over time?
Ans. The salary typically increases with promotions and completion of milestones or years of service. With each promotion, a higher pay scale with additional benefits is offered.
Ques. Are there opportunities for career growth for Probationary Officers?
Ans. Upon successful completion of their probation period, Probationary Officers can get promoted to higher positions like Assistant Manager, Manager and beyond.
Ques. How does the salary of a Probationary Officer compare to other entry-level positions?
Ans. The salary of a Probationary Officer is generally competitive compared to entry-level positions from other industries. While evaluating the overall value, it is essential to consider factors like job security and growth prospects.
Ques. What are the top recruiters of Probationary Officers in India?
Ans. Federal Bank, South India Bank, State Bank of India, Karnataka Bank and Central Bank of India are top recruiters of Probationary Officers in India.
Ques. What are the top-paying industries for Probationary Officers in India?
Ans. Consumer Electronics and Appliances, Banking, Insurance and Financial Services are some of the top-paying industries for Probationary Officers in India.
Ques. Which city is paying the most to Probationary Officers in India?
Ans. With an average annual salary of INR 7.4 LPA, New Delhi is the best city for Probationary Officers in India.
Ques. What is the monthly income of Probationary Officers in India?
Ans. The estimated monthly salary in India for Probationary Officers is between INR 41,446 to INR 42,590.
Ques. Name some top skills required to become a Probationary Officer.
Ans. Customer Relationship, Accounting, Sales and Cash Management are the top skills that every Probationary Officer should possess.
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