Top Five Public Sector Banks Salary

Today we are going to let you know about the Top Five Public Sector Banks Salary in detail. As we all know India is developing company and Banking plays an important role in developing India’s economy. In the list of Top Five Public Sector Banks Salary we have SBI, PNB, BOB, Canara Bank and UCO Bank as our top pick. The primary function of any bank is to receive money and lend money to business or the one who needs it. Apart form these services Bank also provides Loan, fixed deposit schemes, debit and credit facilities and much more. Let’s move forward to know more about Top Five Public Sector Banks Salary –

1. State Bank of India – No 1 Public Sector Bank

SBI aka State Bank of India is one of the India’s biggest commercial bank as founded in year 1955. SBI has the largest network of branches and ATMs across all over India providing the best services to banking customers. There are lakhs of candidates who are particularly preparing for the SBI exam. As SBI offers its employees the best salary that makes its one of the famous among candidates also. SBI is among Top Five Public Sector Banks offering amazing salary. SBI has the credit of being the highest paying PSUs.

JobsAverage/Median Annual Salaries
Bank ManagerINR 240,632 – INR1,006,655
Chartered AccountantINR 222,263 – INR1,129,798
Bank ClerkINR 138,808 – INR 375,517
Loan OfficerINR 117,125 – INR 467,858
Branch Manager, BankingINR 208,841 – INR 936,989

2. Punjab National Bank

In our list of Top Five Public Sector Banks Salary, Punjab National Bank is the 2nd among these PSUs Banks. With Merger of Oriental Bank of Commerce and United Bank of India, PNB is among the top PSU Bank working in India With an employee rating of 3.8 out 5 (glassdoor.com) and a place a in the prestigious Forbes Global 2000, this reputed institution has quite a few impressive offers for candidates. Here is how they pay :

JobsAverage/Median Annual Salaries
Senior ManagerINR 420,000-INR 883,000 (with an annual average of INR 630,600)
Deputy Manager, ITINR 290,000-INR 367,000 (with an annual average of INR 328,307)
ManagerINR 528,000-INR 622,000 (with an annual average of INR 574,882)
Clerical StaffINR 192,000-INR 531,000 (with an annual average of INR 361,265)

3. Bank of Baroda

Bank of Baroda is among the Top Five Public Sector Banks offering impressive Salary to there employees and best services to there customers. The Bank of Baroda is one of the largest PSU bank in India with more than 4000 branches all over India. Let’s Checkout for more detail –

Perks/BenefitsPayment (Annually)
Paid VacationINR 526,205
Supplemental Maternity LeaveINR 480,000
Cell PhoneINR 545,349
RelocationINR 427,293
Sick LeaveINR 460,000
Pension PlanINR 526,205
Education/Certification reimbursementINR 390,000

4. Canara Bank

With the merger of Syndicate Bank, Canara Bank is become the 4 largest Public sector Bank in India offering impressive salaries to there employees. The kind of salaries paid by this bank can be gauged from the fact that even a clerical staff is entitled to earn as high as more than INR 500,000 a year (average). Here is more:

JobsAverage/Median Annual Salaries
Senior ManagerINR 420,000-INR 720,000 (with an annual average of INR 610,000)
Assistant Manger (Credit)INR 464,000-INR 503,000
ClerkINR 173,000-INR 521,000 (with an annual average of INR 347,010)
Investment OfficerINR 173,000-INR 188,000
ManagerINR 500,000-INR 750,000 (with an annual average of INR 616,667)

 5. UBI Bank

UBI aka Union Bank of India is merged with Andhra Bank and Corporation Bank to make it the 5th largest Public Sector Bank in India. It is the Top Five Public Sector Banks paying the impressive Salary to there employees. The reason why UBI or the United Bank of India has made a cut in the list despite paying 2% below market standards according to payscale.com, is that it still pays comparatively higher salaries than most of the other banks. Have a look:

JobsAverage/Median Annual Salaries
Financial Research AnalystINR 262,557 – INR 1,000,075
Branch Manager, BankingINR 228,203 – INR 977,161
Perks/BenefitsPayment (Annually)
Paid VacationINR 526,205
Supplemental Maternity LeaveINR 480,000
Cell PhoneINR 545,349
RelocationINR 427,293
Sick LeaveINR 460,000
Pension PlanINR 526,205
Education/Certification reimbursementINR 390,000
Brief Description about Top Five Public Sector Banks Salary

Any job in banking sector is seen as the most proudable and safest among lakhs of candidates in India. Every year Lakhs of candidates appear for Banking exams and IBPS SO is one of that officer rank post. The Top 5 PSUs Banks gets the attractive earning with lot of allowances and benefits that makes it perfect for anyone. Here in this post we have discuss the detailed information about Top Five Public Sector Banks Salary. If there is any question coming in your mind you can ask in our comment section mentioned below. Stay tuned with us for more detailed Info.

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