Federal Bank PO Salary 2021 Overview
Job Highlights
Federal Bank PO Salary 2021: Federal Bank has released its Official Notification 2021 for the recruitment of PO. Interested candidates can fill the online form and the date will be updated on the site soon. This is an excellent opportunity for people who want to make a career into banking sector. Federal Bank is one the largest private sector financial organisation and every year many hopeful candidates fill in the form for Federal Bank. Today, let us discuss the most important factor that makes the job so lucrative i.e. the Federal Bank Salary Structure, Pay scale, Job Profile & Career Growth of a Federal Bank PO. Federal Bank Officer Salary and Federal Bank PO and Clerk will vary as it is based on the position of the employee. Candidates who are willing to apply for the examination and the candidates who are really interested in securing banking sector jobs can utilize these opportunities and start their preparation. By referring to Federal Bank PO Syllabus, Exam Pattern and Federal Bank PO Previous Year Question Papers Aspirants can score good marks in the examination.
Federal Bank PO Recruitment 2021 Notification
Name of the Board | Federal Bank |
Designation of Job | Bank PO |
Total no. of Vacancies | Updated Soon |
Category | Salary |
Work Location | Across India |
Required Educational Qualification | Graduation |
Federal Bank Official website | |
Mode of Application | Online |
No Of Stages | Two |
Federal Bank Probationary Officer vacancies are yet to be updated. Contenders who are interested in Bank Sector Jobs should stay tuned to our site for more updates on Federal Bank PO examination. Bank Scale 2 salary in hand varies between Federal Bank Officer and Clerk. Bank PO Salary Increment Per Year will be done once in an year based on the performance of the employee and also there will be minimum percentage of increment based on experience every year.
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Federal Bank PO Job Profile, Roles & Responsibilities
- One of the major responsibilities of a Federal Bank PO is to process loans, including document verification.
- Federal Bank Officer Scale 1 also has a responsibility of looking over the activities of the Clerks of their department.
- Federal Bank PO also has to work closely with the customers and solve their queries on ATMs, Demand Drafts (DD), opening of new Bank Account, issue of cheque book etc.
- They have to work closely with different departments like Finance, Marketing, Accounts, Loans etc and gain experience and knowledge in different fields of the Banking System.
Federal Bank PO Salary Structure and Career Growth
The Federal Bank provides excellent salary structure to its employees and along with it a lot of other perks and benefits. The Pay scale of Federal Bank employees is Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020. This means that for the first 7 year the annual increment of a PO will be Rs 980 and the Basic Pay will remain Rs. 30560. After that the increment for the next to years will be Rs. 1145 and the Basic Pay will be Rs. 32850 and so on. Federal Bank PO Salary structure will be remains same as the other public sector banks.
Career Growth: As a Probationary Officer or Officer Scale 1, you will get great opportunities to grow, both professionally and personally. During the probation period of two years, the Probation Officers will get to learn a lot of things related to banking activities and the learning will continue all through their career in the banking sector. There are opportunities to get promotions in Federal Bank. Based on your potential and performance, you can get promotion from the post of Officer Scale 1. There are also scope of appearing for internal examinations to get promotion to higher posts, like Officer Scale 2, Officer Scale 3, and so on
<<Check Syllabus For All Government Jobs in India, here>>
Federal Bank Probationary Officer Allowances 2021
The other allowances that are calculated based on the Federal Bank PO Basic Pay are as under:
Federal Bank PO Salary: Other Components & Allowances | |
|---|---|
| Dearness Allowance (DA) | This is calculated based on the CPI and is revised quarterly. |
| House Rent Allowance / Lease Rental | This component is based on the location of the posting and varies usually from 7 to 9 percent of the Basic Pay. |
| City Compensatory Allowance (CCA) | Tis component too depends upon the location of posting and is 0, 3 or 4 percent of the Basic Pay. |
| Medical and Other Allowances | As per rules |
Adding all these, the minimum annual Federal Bank PO Salary – Cost to Company (CTC) for Federal Bank PO is Rs 7.50 lakhs and the maximum annual CTC is Rs 9.40 lakhs.
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Check Federal Bank PO Salary 2021 @federalbank.co.in
Finally candidates can check Federal Bank PO Salary and pay scale here. So, applicants can make their preparation easier by following Federal Bank PO Syllabus. Download Federal Bank PO Exam Pattern along with Federal Bank PO Previous Year Papers through this article. Also, for more job updates subscribe and stay tuned to our website RecruitmentHunt.
