South Indian Bank PO Salary: Check SIB PO Basic Pay Scale, Added Allowances & Job Profile

The South Indian Bank releases vacancies to recruit candidates for various posts every year. It has recently released an official notification on October 4, 2021, to recruit candidates for the post of Probationary Officer. It is a good opportunity for candidates who are interested in banking sector jobs. Interested candidates can apply online on the official website of the South Indian Bank.

The interested candidates must be between 19 to 25 years of age (General). The age relaxation is given to the candidates of the reserved category.  The candidates of OBC are given an age relaxation of 3 years and the candidates of the SC/ST category are given an age relaxation of 5 years. The candidates are selected through a three-step process which includes an online written exam, a group discussion, and an interview.

For more details check South Indian Bank PO Recruitment

SIB PO Class Program & Internship (Probationary Period):

The selected candidates will have to undergo a probationary period of 1 year. This period is divided into 2 phases. The duties of the candidates during this phase involve the following:-

• Class Program- After passing the SIB PO recruitment exam the candidates will have to undergo a class program for 8 months. During this period the candidates will be acquainted with the basics of finance. During this period the candidates receive a monthly stipend of Rs. 3000/-.

• Internship – After the completion of the above period the candidates will then go for a 4 months internship from any branch of the respective bank. During this period the candidates will receive an amount of Rs.15000/- per month.

After the completion of the probationary period, the candidates will receive the confirmation letter from the bank and then work as its employee. The service agreement period for the employees of the South Indian Bank is 2 years.

South Indian Bank PO Salary & Allowances:

The SIB PO employees receive a decent amount of salary. The pay scale of South Indian Bank is approved by the Indian Banks Association(IBA). The employees of SIB receive a decent salary along with some allowances as per the rules of the bank.

The pay scale of the SIB PO employees is Rs.36000-1490/7- 46,430 -1740/2 – 49, 910-1, 990/7 – 63,840. The basic salary of the SIB PO post is Rs. 36,000. The allowances offered to the employees include Dearness allowance, Special allowance, House Rental allowance, and City Competitive allowance. The details of the amount paid as per the allowances are as follows:-

South Indian Bank PO Salary 2021: Job Profile

The post of PO holds huge responsibilities. They have to perform various activities for their concerned branch. The selected candidates will have to perform the following mentioned duties:-

• Business Development
• Foreign Exchange Market
• Branch Banking
• Credit
• Marketing
• Treasury, etc.

From the above-mentioned details, the interested candidates can get a clear knowledge of the salary and allowances offered to the employees of South Indian Bank PO.

South Indian Bank PO Salary 2021 FAQs:

Author: Akanksha Ujjain

Akanksha Ujjain works as a content writer and blogger for competitive exams. Her role at Admisure is to write educational content and articles.

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