Home / Salary 2023 / IBPS PO Salary 2023 Package | After 7th CPC – Wage Revision & Perks

IBPS PO Salary 2023 Package | After 7th CPC – Wage Revision & Perks

IBPS PO Salary

know Latest IBPS PO Salary Structure …!!! PO salary details are available on this page. As per the IBPS PO Salary Package After 7th CPC, appointed candidates will receive Rs 23,700 – Rs 42,020. Apart from it, aspirants are awarded by some Perks also.

Candidates may check Complete IBPS PO Salary in Hand and Wages Revision details. You must know that the above given figures of Probationary Officer’s Salary is approximate and is almost same for all banks but there may be difference depending on the bank’s policies.

IBPS PO Salary Package 2023

Basic Salary includes monthly Pay Scale and some special benefits like HRA, DA, CCA, Medical Allowances, and Traveling Allowances etc. IBPS PO Salary 2023 differs from place to place, so check entire details about PO Salary Package from here.

Appliers for Latest IBPS PO Notification are suggested to scroll down this page for acquiring complete information regarding IBPS PO Starting Salary and Increment in Latest IBPS PO Pay Scale which is well designed by the team members of www.recruitmentinboxx.com

IBPS PO Salary

IBPS PO Starting Salary 2023

  • The Basic PO Salary is: 23700-(980×7)-30560-(1145×2)-32850-(1310×7)-42020
  • This means upon joining, the Probationary Officers will get a Basic Salary of Rs 23700.
  • In addition to that there will be other allowances.
  • The POs will also get an annual increment of Rs 980 for 7 years.
Salary of IBPS PO After 7 years Rs 30560
Salary of IBPS PO After 2 more years Rs 32850
Salary Package after 7 more years Rs 42020

IBPS PO Salary Package 2023:

Particulars Salary In Hand
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)

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 IBPS PO Pay Scale. The complete details of Institute of Banking Personnel Selection PO salary are listed below, take a look:

Particulars Salary Package
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/-

IBPS PO Salary And Allowances:

Along with a great Package, some special facilities and allowances are also provided to IBPS PO and Management Trainees. The total in-hand IBPS PO Pay Scale including all these allowances is thus around Rs 35700-Rs 36570. With the HRA, it becomes Rs 37360-Rs 38700.

    • 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.
    • Special Allowance: According to Salary & Wages Revision, a special allowance has been added to the salary structure of Bank Probationary Officer.
    • Leased Accommodation: In some locations, the bank provides accommodation/quarters to the POs. In such cases, the HRA is not provided. The amount goes directly to the owner of the accommodation.
    • Travelling Allowance: The bank also provides Travelling Allowances to the POs. Otherwise, the expenses on petrol is reimbursed.
    • Medical Aid: A fixed monthly amount is paid by most of the banks ( PO Salary and Perks Revised Amount is Rs. 8000/- p.a.)
    • Newspaper Reimbursement: A fixed monthly amount is paid towards the cost of an newspaper to the probationary officer.
  • New Pension Scheme: Benefits Under the scheme.

You Can Also Check: Bank Salary Structure

Salary IBPS PO after 11th Bipartite Settlement:

The expected hike in Salary of IBPS PO After 10 Years and the permission of Indian Bank’s Association is listed below:

Increment (Percentage) %Basic SalaryGross 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.

Salary And Promotion for IBPS PO:

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 NameSalary 
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

IBPS PO Promotions 2023

    • Junior Management Grade – Scale I: Officer i.e. PO
    • Middle Management Grade – Scale II: Manager
    • Middle Management Grade – Scale III: Senior Manager
    • Senior Management Grade – Scale IV: Chief Manager
    • Senior Management Grade Scale V: Assistant General Manager
    • Top Management Grade Scale VI: Deputy General Manager
    • Top Management Grade Scale VII: General Manager
    • Executive Director (ED)
  • Chairman and Managing Director (CMD)

After 5 Years Salary of IBPS 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.

Check Out: Sarkari Naukri- Latest Jobs

IBPS PO 2023 Notification – Overview

Exam NameIBPS PO 2023 – Common Recruitment Process (CRP PO/MT-VIII)
Conducting AuthorityInstitute of Banking Personnel Selection (IBPS)
Name of PostIBPS Probationary Officers / Management Trainees
(Junior Management Grade – Scale I)
Participating OrganizationsPublic Sector Banks in India except the State Bank of
India (SBI) and its Associate Banks
Number of VacanciesTo be notified
Application ModeOnline
Exam ModeOnline
Number of StagesThree – Prelims, Mains, and Interview
Official Websiteibps.in

IBPS PO Job Profile:

If you get selected for IBPS PO Jobs, you will go through training program in Management Training Academies of the bank. The time period of training differs from bank to bank and after completion of it, PO can be posted anywhere in India.

They can be posted as an Assistant Manager on probation in different branches or Head Office or Corporate Office or Zonal Offices or in specialized branches. The Salary In Hand for IBPS PO will be different from place to place.

  • Deputy Manager
  • Branch Manager
  • Senior Branch Manager
  • Chief Manager
  • Assistant General Manager
  • DGM
  • General Manager

Duration of Probation Period

  • Ist Phase- 6 months,
    IInd Phase-6 months and
    IIIrd Phase- 1 year.

Final Words:

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