BOB PO Salary: The Bank of Baroda has issued an official notification for the recruitment of 600 Probationary Officers in the Junior Management Grade/Scale-I. BOB PO Salary and work profile are two important things to consider when deciding whether or not to apply for a job.
If you intend to apply for the BOB PO Recruitment, you should be aware of the salary and job profile. To get more about the Bank Of Baroda PO Bank Exam Salary and Job Profile, read this article.
BOB PO Job Profile 2021
The following duties are under the profile of a BOB PO.
1.Customer Communication
Customers are the lifeblood of every bank. A Probationary Officers job entails informing clients about new policies and schemes, as well as investigating consumers who come to open new bank accounts, ATM cards, deposits, and receipts.
2.Regulation of Banking Activities
The BOB PO is also responsible for managing the bank’s functions and ensuring that they run smoothly and on time.
3.Loan & Credit Facility
The BOB POs will be able to sanction and approve loans. It is, nevertheless, their job to verify the documentation submitted by consumers in order to approve the loan. It is their obligation to ensure that the loans granted by Bank Of Baroda do not become non-performing assets (NPAs) (Non Performing Assets).
4.Payment Clearances
BOB POs are also responsible for keeping formal records of the loans taken out by various companies, reminding them to repay them, and taking alternative actions such as mortgaging the properties if necessary.
5.Report Verification
Maintaining the bank’s annual balance sheet and gaining access to the bank’s annual reports. One of BOB PO’s roles is to prepare the financial year’s audit reports and compare them to the previous year’s report to determine profit.
6. Implementation of Schemes
The BOB PO is also responsible for implementing the Central Government’s rural development programmes and overseeing the disbursement of funds.
BOB PO Salary 2021
BOB PO officers are paid according to their salary plan. A newly hired PO officer will start with a minimum pay of INR 23700 and would receive an INR 980 raise after one year. Other benefits for POs include Transportation Allowance, DA, HRA, City Compensatory Allowance, Medical Insurance, and so on.
BOB PO In Hand Salary 2021
Initial BOB PO Basic Pay | Rs. 23700/- |
Basic Pay after 7 years | Rs. 30560/- |
Basic Pay after 2 more years | Rs. 32850/- |
Basic Pay after 7 more years | Rs. 42020/- |
BOB PO Salary Structure 2021
Basic Pay | Rs. 23,700/- |
Special Allowance | Rs. 1,836.75 |
Dearness Allowance | Rs. 10,163.63 |
CCA | Rs. 870 |
Total Pay (Without HRA) | Rs. 36,570.38 |
HRA | Rs. 2,133.00 |
Gross Salary with HRA | Rs. 38,703.38 |
BOB PO Salary After Bipartite Settlement
Increment Percentage | Basic Pay | Gross Salary |
15% | Rs.26,706 | Rs.37,068 |
20% | Rs.27,866 | Rs.38,678 |
25% | Rs.29,026 | Rs.40,288 |
30% | Rs.30,187 | Rs.41,899 |
BOB PO Career Growth 2021
Bank of Baroda Probationary Officers have a lot of room for advancement. You can advance to the Higher Managerial Scale. This is a fantastic opportunity for you to land a solid, well-paying banking position. As a result, you should certainly apply for this position.
Other Important Link of BOB PO Exam
We have covered everything related to ” BOB PO Salary”. If you have any doubts, feel free to ask any queries in the comment section below.
BOB PO Salary FAQs
Here are the most frequently asked questions related to BOB PO Salary by the candidates.
How many officials will be recruited in 2021 for the post of BOB PO?
The Bank of Baroda has issued an official notification for the recruitment of 600 Probationary Officers in the Junior Management Grade/Scale-I.
What is the BOB PO Career Growth?
Bank of Baroda Probationary Officers has a lot of room for advancement. You can advance to the Higher Managerial Scale.
What is the BOB PO Salary?
A newly hired PO officer will start with minimum pay of INR 23700 and would receive an INR 980 raise after one year.
What are the other benefits given to the BOB PO?
Other benefits for POs include Transportation Allowance, DA, HRA, City Compensatory Allowance, Medical Insurance, and so on.
What are the duties of the BOB PO?
The duties of the BOB PO are given in detail in the article above.
What do you mean by HRA which is given to the BOB PO?
HRA is House Rent Allowance which is given as an additional benefit to the BOB PO.