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.|
|Total (without HRA)||36570.38|
|Gross with HRA||38703.38|
|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:
|Basic Pay||Rs. 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 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 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 Pay||Gross Salary|
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.
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 Name||Pay Scale|
|Junior Management Grade – Scale I: Officer||Rs. 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020|
|Middle Management Grade – Scale II: Manager||Rs. 31705 -1145 -32850 -1310 -45950|
|Middle Management Grade – Scale III: Senior Manager||Rs. 42020 -1310 -48570 -1460 -51490|
|Senior Management Grade – Scale IV: Chief Manager||Rs. 50030 -1460 -55870 -1650 -59170|
|Senior Management Grade Scale V: Assistant General Manager||Rs. 59170 -1650 -62470 -1800 -66070|
|Top Management Grade Scale VI: Deputy General Manager||Rs. 68680 -1960 -76520|
|Top Management Grade Scale VII: General Manager||Rs. 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.
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You May Also Like To Check This Section
|How To Prepare For IBPS PO||IBPS PO/MT Admit Card|
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|IBPS PO Notification||IBPS PO Exam Pattern|