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Table of Contents
- IBPS PO Salary Structure
- IBPS PO In-hand Salary
- IBPS PO Allowances and Benefits
- IBPS PO Job Profile
- IBPS PO Career Growth
- IBPS PO Salary Slip
IBPS PO Salary Structure
| IBPS PO Salary | Amount |
| Basic Pay | Rs 36,000/- |
| Salary after st Increment | Rs. 32850/- |
| Salary after 2nd Increment | Rs. 42020/- |
| Special allowance | Rs. 5,904 (7.75% of the basic pay) |
| Dearness allowance | Rs. 8,593.20 (23.87% of the Basic Pay (Varies based on inflation rates) |
| City Compensatory allowance | Rs. 1,400 (3% or 4%(depending on the place of posting) |
| House Rent Allowance | Rs. 3,240 (7%-9% of the basic pay) |
| Gross with HRA | Rs 38, 703.38 |
| Medical Aid | Rs 8000 |
| Entertainment | Rs 500 |
| Newspaper | Rs 300 |
| Petrol | Rs 3000 |
| Telephone | Rs 400 |
| Canteen Subsidy | Rs 400 |
| Pension Contribution | Rs 25000 |
| Deduction | Rs. 4,659.32 |
| Gross Annual CTC(with HRA but without leased accommodation) | Rs. 57,289.70 |
You may also read:
The initial in-hand salary offered to an IBPS Probationary Officer is Rs. 52,000 to 53,000
The participating banks for the IBPS PO posts are given below:
- Allahabad Bank
- Canara Bank
- Indian Overseas Bank
- Syndicate Bank
- Andhra Bank
- Central Bank of India
- Oriental Bank of Commerce
- UCO Bank
- Bank of Baroda
- Corporation Bank
- Punjab National Bank
- Union Bank of India
- Bank of India
- Indian Bank
- Punjab & Sind Bank
- United Bank of India
- Bank of Maharashtra
Also Read:
| SBI PO Salary | IBPS RRB PO Salary | SBI Salary | RBI Assistant Salary |
| ICICI Bank PO Salary | SBI CBO Salary | IBPS RRB Office Assistant Salary | SBI Clerk Salary |
IBPS PO In Hand Salary
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IBPS PO Allowances and Benefits
- Dearness Allowance
- House Rent Allowances
- City Compensatory Allowance(CCA)
- Medical Insurance
- Furniture Allowance
- Travelling Allowance
- Miscellaneous
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Shifting Allowance
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Medical Benefits
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Gratuity
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Leave Travel Subsidy
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Household Help Allowance
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Personal Accident cover
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Education loans with subsidized interests
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Interest-free advances for the festival
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City Compensation Allowance
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Pension
| Dearness Allowance | 40% of the basic pay(Varies based on inflation rates) |
| City Compensatory Allowance(CCA) | 3% or 4%(depending on the place of posting) |
| House Rent Allowances | 7%-9% of the basic pay |
| Special Allowance | 7.75% of the basic pay |
The allowances as a part of IBPS PO salary are as follows:
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House Rent Allowance: The 11 th Bipartite Settlement has finalized the rate of HRA that varies on the classification of cities proposed by the government. The detailed calefaction of HRA is mentioned below.
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Travelling Allowance: The selected candidates for group X cities will be provided with Rs 3600 transport allowances while the other two will be given an Rs 1800 traveling allowance for compensating their traveling to cities.
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Medical Allowance: The reimbursement of all medical expenses of the treatment to the government employee or their family will be done by the government.
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Special Security Allowance: This allowance has been included in the last wage revision for the banks. It is about 7.75% of the basic pay. It came into effect from November 2017.
IBPS PO City Compensatory Allowance (CCA): Based on the type of city, it might be 0%, 3% or 4%. -
Pension: This is the most attractive benefit of any government job because even after your retirement in your old age you will be provided with a handsome amount every month for your expenses and a part of this will be deducted from your salary every month.
IBPS PO Job Profile
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They verify various documents and proofs submitted by the customers
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They are tasked with checking and approving checks.
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They are responsible for the bank vault, various important documents, keys and work with core banking solutions.
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They sanction the withdrawals by the customers
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They give advice on financial matters, help in designing financial products etc.
IBPS PO Career Growth
- Middle Manager – Middle Management Grade Scale 2
- Senior Manager – Middle Management Grade Scale 3
- Chief Manager – Senior Management Grade Scale 4
- Assistant General Manager – Senior Management Grade Scale 5
- Deputy General Manager – Top Management Grade Scale 6
- General Manager – Top Management Grade Scale 7
- Executive Director
- Chairman and Managing Director
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To know more read here| IBPS Clerk Salary | IBPS Clerk Eligibility | Canara Bank PO Sala |
IBPS PO Salary And Responsibilities
Bank PO status carries a very attractive salary. But there are a lot of work-related obligations to attend to.The following list includes the many duties of an IBPS PO:
- Participating in all banking activities is the main task.
- They occasionally have to assume control over several areas, including finance, accounting, marketing, loans, etc.
- Another important aspect of their business is the processing of loans and document verification.
- Additionally, government tests offer significant employment opportunities, salaries, and designations as well.
IBPS PO Salary Slip
You can now have a look at the latest IBPS PO Salary, from an official salary slip paid out to one of the selected candidates. The IBPS PO Salary slip is attached below: