IBPS PO Salary Structure with Allowances, DA, TA, After Wages, IBPS PO Salary Structure after 7th Pay Commission, , IBPS Bank PO Promotions, Work Profile, IBPS PO : Salary, Job Profile and Promotion, What is the monthly in-hand salary of a bank PO, Expected Salary of IBPS Bank PO
IBPS PO Salary Structure with Allowances, DA, TA: – The IBPS is acronyms of Institute of Banking Personnel Selection. The IBPS is a self-governed body whose mission is to recruit the young and talented contenders for public sector banks in India through personal assessment. In 2023, Institute of Banking Personnel Selection introduced a Common Written Examination (IBPS to recruit Officers and Clerks in all Public sector and Regional Rural Banks across the nation.
In this article here you can get the complete details regarding the IBPS PO Salary Structure with Allowances, DA, PA. You can also check the details of the IBPS PO Promotions, Work Profile . If you have any query, then you can leave your valuable message in the comment box. Check IBPS PO Frequently Asked Question. All Details in Hindi
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IBPS PO Salary Structure with Allowances, Promotions, Work Profile
It is not necessary that salaries of all the IBPS Probationary Officer will be increased after 7th Pay Commission. Public Sector banks have different rules for the increment of salaries of Bank Probationary Officer. So you can check the details of the IBPS Probationary Officer Promotion Details.
Other Benefits and Perks Available to Bank PO
Here you can check the detailed information related the IBPS PO Salary, DA, PA Details. It may differ in every bank. Bank gives some primary, and general perks are mention here check details. (Note – As per rating of perks offered by banks
- Leased Accommodation – Leased Accommodation is available to Bank officers instead of House Rent Allowance. It also varies from bank to bank and depends on upon the place of posting. Some banks may offer official bank accommodation/ bank quarters instead of leased housing.
- Travelling Allowance – Most of the banks give a fixed Traveling Allowance
- Medical Aid – An amount also attached to your medical needs (Revised price is Rs8000/- Per Month.)
- Newspaper: A fixed monthly amount is pay towards the cost of 1 newspaper
| IBPS Probationary Officer Salary / Grade Pay/ Stipends details 2023 | |||
| Basic Pay | 23700.00 | ||
| Special Allowance | 1836.75 | ||
| Dearness Allowance | 10163.63 | ||
| City Compensatory Allowance | 870 | ||
| Transport Allowance | – | ||
| Overall (without HRA) | 36570.38 | ||
| House Rent Allowance | 2133.00 | ||
| Gross with House Rent Allowance {HRA} | 38703.38 | ||
| Medical Aid | 8000 | ||
| Entertainment | 500 | ||
| Newspaper | 300 | ||
| Petrol | 3000 | ||
| Telephone | 400 | ||
| Canteen Subsidy | 400 | ||
| Pension Contribution | 2500 | ||
| Gross Annual CTC (with HRA but without leased accommodation) | 5,57,640.52 |
PO Salary After 11th Bipartite Settlement –
After the wage revision, 11th Bipartite have settled for an increase of 15% in the IBPS PO salary. Expected hike in wages after permission of Indian Bank’s Association check it.
| Increment (Percentage) % | Basic Pay | Gross 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/- |
Effect of 7th Pay Commission on IBPS PO Salary
IBPS PO Promotions Details
- Public sector banks have well-defined career options for all officers. Perhaps your performance plays a significant role in career progression. Most of the senior officers were starting their career from Scale I.
- Hardworking and tenanted employees will be assigned on a higher scale within short period of time.
- Most of the bank’s officers reach the position of General Manager in 14 years. After that executive director or Chairman of a bank. These are the topmost high scale positions of the bank which will be decided by the government.
- In PSB Bank, employees may get a chance to work in abroad also.
- Many of banks have their branches out of the country also.
IBPS PO {Probationary Officers} Career progression with Salary
| Junior Management Grade – Scale I: Officer i.e. PO | 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020 | ||
| Middle Management Grade – Scale-2nd: Manager | 31705 -1145 -32850 -1310 -45950 | ||
| Middle Management Grade – Scale 3rd: Senior Manager | 42020 -1310 -48570 -1460 -51490 | ||
| Senior Management Grade – Scale 4th: Chief Manager | 50030 -1460 -55870 -1650 -59170 | ||
| Senior Management Grade Scale 5th: Assistant General Manager | 59170 -1650 -62470 -1800 -66070 | ||
| Top Management Grade Scale 6th: Deputy General Manager | 68680 -1960 -76520 | ||
| Top Management Grade Scale VII: General Manager | 76520 -2120 -85000 | ||
| Executive Director | Approx 1.5 Lakhs | ||
| CMD | Approx 2 Lakhs |
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