Indian Bank provides some special extra allowance to their employees appointed as a Probationary Officer. Indian Bank PO Salary and Perks section covers the details about the PayScale and the other allowances & perks of an Indian Bank PO Job post.

The PG diploma course duration is 12 months which is also the training period. It involves 2 stages:

• 9 months classroom training at Manipal Global Education Service, Bangalore.
• 3 months internship at Indian Bank Branches.

On completion of 12 months training, the trainees shall be awarded Post graduate diploma in banking banking & finance along with their appointment letter to work as PO in Indian Bank with salary of Rs.32,000 - 38,000/ month (approx)
The cost of undergoing this course at Manipal global is Rs.3.50 lacs (inclusive of boarding, Lodging and course fees, other fees, etc.) which can be paid through an educational loan provided by the bank.
Service Bond: Repayement of educational loan shall start only after training, which is after the candidates become an officer in bank.
Since EMI's will be deducted from the salary for a period of 84 months, candidates should work with the bank for 7 years.
Loan Refund: Indian bank shall refund the loan amount from 6th year onwards @ the rate of 20% every year.
Indian Bank PO Salary and Perks

Indian Bank PO Other Perks And Benefits:
Apart from the above mentioned Indian Bank PO Salary, the Probationary Officers will get the following benefits:

• Furniture expenses (one time),
• Newspaper allowance,
• Travel allowance,
• Business development expenses,
• Medical aid and expenses,
• House maintenance expenses, etc.