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IBPS PO Salary Package 2018 after 7th Pay Commission Pay Scale & Perks

IBPS PO Salary

Individuals, who want to make their career in banking sector as Probationary Officer must know about the IBPS PO Salary package. On this page, you will get the complete details about the IBPS PO Salary structure and facilities/ perks that are provided to bank PO.

Also information about pay scale of PO after 7th pay commission is available at below section. Probationary Officer gets an impressive monthly salary and some special benefits like HRA, DA, CCA, Medical Allowances, and Traveling Allowances etc.

You should know this:

Probationary Officer is one of the most reputed jobs in banking sector with a great pay scale. The officer gets the advantage even after retirement in the form of pension.

More information about IBPS PO Salary Package 2018 is available below by the team of www.recruitmentinboxx.com

IBPS PO Salary

IBPSC PO Salary Structure:

Particulars Salary in Rs.
Basic Pay23700.00
Special Allowance1836.75
Transport Allowance
Total (without HRA)36570.38
Gross with HRA38703.38
Medical Aid8000
Canteen Subsidy400
Pension Contribution2500
Gross Annual CTC (with HRA but without leased accommodation)5,57,640.52

Which One To Choose: SBI PO vs. IBPS PO

IBPS PO Pay Scale in Metro Cities:

Probationary Officer gets an amount of Rs. 30758/- as monthly pay scale. The complete details of Institute of Banking Personnel Selection PO salary are listed below, take a look:

Particulars Pay Scale
Basic PayRs. 14500/-
Dearness Allowance @99.9%Rs. 14485.5/-
CCA (3% to 4% Max. Rs540/-)Rs. 540.00/-
Total Remuneration (Excluding HRA)Rs. 29525.5/-
HRA 8.5%; 7.5%; 6.5%*Rs. 1232.50/-
Total Salary (Including HRA)Rs. 30758/-

Choose From Here: Best Bank Preference Order for IBPS PO Exam

IBPS PO Salary Package and Allowances:

Along with a great salary package, some special facilities and allowances are also provided to IBPS PO and Management Trainees.

  • Dearness Allowance (DA)

Dearness Allowance is a cost of living of adjustment allowance and it is paid to public sector PO. This facility is revised after 3 months and it depends upon Consumer Price Index (CPI).

  • HRA

HRA is basically based on the place where the employee gets posted, and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.

  • CCA

CCA is also based on the place of posting and it can either be 4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%.

  • Conveyance allowance

This facility is provided to Probationary Officer for commuting between home and office.

You Can Also Check: Bank Salary Structure

IBPS PO Salary after 11th Bipartite Settlement:

The expected hike in IBPS PO Salary Package after the permission of Indian Bank’s Association is listed below:

Increment (Percentage) %Basic PayGross Salary
15 %Rs.26,706/-Rs.37,068/-
20 %Rs.27,866/-Rs.38678/-
25 %Rs.29,026/-Rs.40,288/-
30 %Rs.30,187/-Rs.41,899/-

IBPS PO Salary after 7th Pay Commission:

All the aspirants assuming that salary of every bank employee get increased after 7th pay commission but every bank has their different method to calculate the increment in IBPS PO monthly pay scale, they don’t follow any pay commissions.

Read Now: Why Wait For Increments? These Are Top 10 Ways To Increase Salary

Career progression for Probationary Officers with Salary:

The complete details about IBPS Probationary Officer Salary along with their career progression in banking sector are mentioned below for the interested candidates. The salary package of IBPS PO is same in many big cities.

Posts NamePay Scale
Junior Management Grade – Scale I: OfficerRs. 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Middle Management Grade – Scale II: ManagerRs. 31705 -1145 -32850 -1310 -45950
Middle Management Grade – Scale III: Senior ManagerRs. 42020 -1310 -48570 -1460 -51490
Senior Management Grade – Scale IV: Chief ManagerRs. 50030 -1460 -55870 -1650 -59170
Senior Management Grade Scale V: Assistant General ManagerRs. 59170 -1650 -62470 -1800 -66070
Top Management Grade Scale VI: Deputy General ManagerRs. 68680 -1960 -76520
Top Management Grade Scale VII: General ManagerRs. 76520 -2120 -85000
Executive Director (ED)Approx 1.5 + lacs
Chairperson and Managing Director (CMD)Approx 2 + lacs

Read Also: How To Negotiate Salary With HR

Benefits and Perks Provided to Bank PO:

The bank provides an attractive salary package to Probationary Officers. Along with a great pay scale, the bank provides some Benefits and Perks to PO.

Many reputed banks provide a fixed amount in the form of Traveling Allowance and reimbursement of petrol bills. The organization also provides some amount for medical needs (Revised price is Rs. 8000/- p.a.)

One of the best advantages of this career is job security as employees will not lose his job until their retirement and after that they will receive pension.

Final Words:

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