Banking is a lucrative and satisfying career that offers good remuneration and benefits. The salary scale varies depending on the position. The initial salary scale for clerical grade post in the public sector banks may vary between Rs. 7000/- to Rs. 10,000/- per month. The pay scale of probationary officers varies between Rs.12,000/- to Rs. 18,000/- per month. The salary package of the private banks and foreign banks are much high when compared to the public sector and the officers can get around 3.5 lakhs or more as annual income depending on their performance. But the job security in these banks depend on various external factors like the economy of the parent country, performance of the bank worldwide, change in expatriate management etc.