The South Indian Bank is an Indian commercial bank that offers recruitment notices for various positions such as probationary officer and clerk every year. For young, motivated, and skilled people, South Indian Bank provides excellent opportunities. Candidates who meet the qualifications can apply for the position of SIB PO (Probationary Officer).
Candidates wishing to apply online for the job of Probationary Officer can do so online at www.southindianbank.com, the bank’s official website. The application is only available online. More specific details regarding this recruitment can be found in this article.
South Indian Bank PO salary
The pay of a South Indian Bank PO is Rs. 23700-980/7 – 30560-1145/2 – 32850-1310/7 – 42022, with Dearness Allowance, House Rent Allowance, and other benefits. Indian Banks Association has adopted the South Indian Bank PO Pay Scale (IBA).
Candidates will be paid Rs. 3000/- per month for 8 months of classroom training and Rs. 15000/- for the next 4 months of internship during the training time.
South Indian Bank PO Pay 2022: Phase
South Indian Bank PO salary 2022 would most likely be distributed in instalments. The steps are as follows:
- Class Program (8 months)
- Internship (5 months)
- Last Salary
SIB PO Pay Stage in 2022
During the initial training days, all candidates accepted into the South Indian Bank PO Program would be paid. The following will be included in the South Indian Bank PO salary:
PO Salary 2022 at South Indian Bank – 8 Months Class Program
Candidates who pass the South Indian Bank PO Exam will be required to complete an 8-month preliminary training programme. According to the syllabus, candidates will learn the fundamentals of banking and finance throughout this phase. The candidates would be compensated with a stipend of Rs 3,000 per month for the next eight months.
South Indian Bank PO Salary 2022 – Internship for 4 Months
After completing the class programme, students must participate in a 4-month internship. Candidates must finish this internship programme at any South Indian Bank branch. During this internship stage, the candidate will be paid INR 15,000 as a stipend.
SIB PO Pay 2022 – Final Recruitment
Students who complete both internship levels will be assigned to a probationary officer position at any South Indian Bank branch. Candidates would be paid DA, HRA, and other allowances per the South Indian Bank PO pay scale of Rs. 23700 – 980 / 7– 30560 – 1145/2 – 32850 – 1310/7 – 42022.
- Rs. 23700 is the starting wage.
- A special allowance of Rs. 1,836 is available.
- Rs. 12,206 Dearness Allowance (DA)
- HRA (House Rent Allowance): Rs. 2133
- The City Competitive Allowance (CCA) would be Rs 870 per month.
Candidates will receive numerous allowances in addition to their basic wages. Special allowances, dearness allowances, house rent allowances, and city allowances will all be available.
Probation period
For the position of South Indian Bank PO, the probationary term is around two years. After completing the probation term, candidates will receive a confirmation letter.
SIB PO Vacancy 2022
In the section of South Indian Bank Career, there is no official notice of the South Bank PO Vacancy. The number of openings is predicted to remain the same or increase or decrease based on the South Indian Bank’s decision.
You will be notified of the number of vacancies available for the PO Post as soon as the announcement is released. More than 160 openings will be available, as was the case last year. Vacancies differ depending on the necessity.
SIB PO job profile
South Indian Bank Probationary Officer job profiles include:
- Business development
- Branch Banking
- Credit
- Foreign Exchange market
- Marketing
- Treasury
- Central Processing Center etc.
Job posting location
Probationary Officer positions are mostly found outside of South India; hence the SIB PO job location could be anyplace in India. Appropriate language skills will be beneficial.
SIB PO 2022 Important Dates
| Event | Important Dates |
| South Indian Bank PO 2022 Online Application Starts from the date | To be announced soon |
| The Final Date to Apply for the South Indian Bank PO | To be announced soon |
| South Indian Bank PO Exam Date 2022 | To be announced soon |
| South Indian Bank Clerk Exam Date 2022 | To be announced soon |
| Admit Card Download Date | To be announced soon |
| Result Date | To be announced soon |
| Interview Call Letter | To be announced soon |
FAQs
Ques: What is a PO’s salary in a South Indian Bank?
Ans. The Indian Banks’ Association sets the wage for the South Indian Bank PO. South Indian Bank PO’s pay scale is Rs. 23700-980/7 – 30560-1145/2 – 32850-1310/7 – 42020 + DA, HRA, and other allowances.
Ques. In the South Indian Bank PO Exam, how long is the probationary period?
Ans. After passing the South Indian Bank PO Exam, you will be on probation for two years.
Ques. What is the upper age limit for the South Indian Bank Recruitment Exam?
Ans. The age restriction for the South Indian Bank recruitment exam varies depending on whether you are applying for a PO or a Clerk position. The following are the age requirements:
- South Indian Bank’s PO age limit is 25 years or less (General )
- The age limit for South Indian bank clerks is under 26 years (General )
Note: For the SC/ST category, there is a 5-year age relaxation.
Conclusion
Young, intelligent, and ambitious people will find the ideal possibilities at South Indian Bank. Working as a probationary officer for a famous company like South Indian Bank can give you a lot of job satisfaction while also allowing you to pursue your dream of a successful career. The South Indian Bank has its recruitment process for Probationary Officers.
Also Read: SIB Clerk Exam Pattern, Dates, Syllabus and Books