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.
| Jobs | Average/Median Annual Salaries |
|---|---|
| Bank Manager | INR 240,632 – INR1,006,655 |
| Chartered Accountant | INR 222,263 – INR1,129,798 |
| Bank Clerk | INR 138,808 – INR 375,517 |
| Loan Officer | INR 117,125 – INR 467,858 |
| Branch Manager, Banking | INR 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 :
| Jobs | Average/Median Annual Salaries |
|---|---|
| Senior Manager | INR 420,000-INR 883,000 (with an annual average of INR 630,600) |
| Deputy Manager, IT | INR 290,000-INR 367,000 (with an annual average of INR 328,307) |
| Manager | INR 528,000-INR 622,000 (with an annual average of INR 574,882) |
| Clerical Staff | INR 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/Benefits | Payment (Annually) |
|---|---|
| Paid Vacation | INR 526,205 |
| Supplemental Maternity Leave | INR 480,000 |
| Cell Phone | INR 545,349 |
| Relocation | INR 427,293 |
| Sick Leave | INR 460,000 |
| Pension Plan | INR 526,205 |
| Education/Certification reimbursement | INR 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:
| Jobs | Average/Median Annual Salaries |
|---|---|
| Senior Manager | INR 420,000-INR 720,000 (with an annual average of INR 610,000) |
| Assistant Manger (Credit) | INR 464,000-INR 503,000 |
| Clerk | INR 173,000-INR 521,000 (with an annual average of INR 347,010) |
| Investment Officer | INR 173,000-INR 188,000 |
| Manager | INR 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:
| Jobs | Average/Median Annual Salaries |
|---|---|
| Financial Research Analyst | INR 262,557 – INR 1,000,075 |
| Branch Manager, Banking | INR 228,203 – INR 977,161 |
| Perks/Benefits | Payment (Annually) |
|---|---|
| Paid Vacation | INR 526,205 |
| Supplemental Maternity Leave | INR 480,000 |
| Cell Phone | INR 545,349 |
| Relocation | INR 427,293 |
| Sick Leave | INR 460,000 |
| Pension Plan | INR 526,205 |
| Education/Certification reimbursement | INR 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.