Bank of Baroda PO Salary & Job Profile 2023 | In-Hand Salary, & Benefits

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 2023

The following duties are under the profile of a BOB PO.

1. Customer Communication

Customers are the lifeblood of every bank. A Probationary Officer’s 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 programs and overseeing the disbursement of funds.

BOB PO Salary 2023

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 2023

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 2023

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 2023

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 Links to the BOB PO Exam

BOB PO Exam Date 2023

BOB PO Previous Year Paper

BOB PO Paper Pattern

BOB PO Syllabus

BOB PO Cut off

BOB PO Exam Centre

BOB PO Eligibility

BOB PO Application Form

BOB PO Result

BOB PO Admit Card

BOB PO Study Material

BOB PO Preparation Tips

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BOB PO Salary FAQs

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