Saturday, 25 March 2017

IBPS PO Salary and Allowances in Starting / After Probation period
What is IBPS PO Salary? आईबीपीएस पीओ की सैलरी – It is a most popular question between all of the banking aspirants who are preparing for ibps PO exam. Good news for all of you that department is going to enhance IBPS probationary officer salary scale from this year.
Check the latest information on it such as starting salary, facilities, allowances, grade pay, salary after probation period, salary after 10th bipartite wage revision and 7th pay commission, and other useful information on IBPS Exam 2017 etc.

Candidates ask this question many times that what is my salary after clearing ibps po exam. Here in this article ibps recruitment guide provides you complete story behind ibps po salary package with increments and promotions. Registration startIBPS PO Online here.

IBPS PO Salary Structure in detail

आईबीपीएस पीओ सैलरी का ढाचा – Probationary Officer (PO) is a starting level post of any officer in a bank. So you will have kept under approx 1 to 2 years of probation period it also called a training period. In which you learn basic and essential duties of a PO in the bank.
Here is a complete guide on IBPS PO Job Profile you should check it for know about that what will be your work after selection. Your salary will differ after recruiting in various IBPS PO Participating banks according to the bank policy here we are talking about general salary for ibps po officer in probation period and after probation period.

IBPS PO 6 Salary details 2017 – 2018
Basic Pay 23700.00
Special Allowance 1836.75
DA 10163.63
CCA 870 
Transport Allowance – 
Total (without HRA) 36570.38
HRA  2133.00
Gross with 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

IBPS Bank PO Salary and Allowances

Check The other main benefits payable on a monthly basis as part of the salary of IBPS PO. You can check details here. In addition to Basic Pay, bank officers (i.e. Probationary Officers / PO / Management Trainees) are eligible for the following allowances –
  1. Dearness Allowance (DA) – It is a cost of living adjustment allowance paid to all govt and public sector Probationary officers. It is revised on a quarterly basis and based on Consumer Price Index (CPI). Calculation of DA depends on inflation. DA can go up with higher inflation and also come down if the inflation rate is in negative.
  2. HRA – This depends on the place of posting, and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.
  3. Special Allowance – This will add in 10th BPS (wef. 01/11/2012) and for Scale, I 7.75% on which DA is also payable
  4. CCA – This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3%(Maximum Rs.600/-) or 0%
  5. Conveyance allowance – It is paid for commuting between home and office.
Other Benefits and Perks Available to Bank PO (बैंक पीओ के अन्य लाभ और भत्ते)
Here are different types of other benefits applied to IBPS PO officers. 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, SBI is no. 1 bank in India which gives more benefits and facilities to their employees comparing to other nationalized banks.)

  • Leased Accommodation – This service is available to Bank officers instead of HRA. 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 and reimbursement of petrol bills.
  • Medical Aid – An amount also attached for your medical needs (Revised price is Rs8000/- p.a.)
  • Newspaper Reimbursement: A fixed monthly amount is pay towards the cost of one newspaper
  • Coverage under New Pension Scheme
Some of other benefits also in the queue but it may vary bank to bank and place of posting (rural / semi-urban / metro cities). Such as Entertainment, Telephone, Canteen Subsidy, etc.

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 (IBA) 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/-
7th Pay Commission effect on salary

सातवें वेतन आयोग का सैलरी पर असर –  Most of the candidates assuming that bank employees salary will also increase after 7th pay commission but all banks have their different method to calculate the rise in salary they don’t follow pay commissions.
Indian Banks’ Association (IBA) Chairman Shri T M Bhasin announced that here is not any effect will be count on ibps po salary after 7th pay commission. Approx 9 lac bank employees of public sector bank in India already waiting for 10th bank bipartite wage settlement.
And Government of India is also not planning for include bank employees under seventh pay commission. Wait for further notification. Also, Check IBPS Preparation Tips 2017.
PO Career and Promotions –
On Probationary Officers post you will spend a duration of two years as a probation period. It is also called a training period In which you learn the fundamentals and different types of work of a bank officer. After completing you will be subject to a screening process.
According to your performance department will be given placement in next higher level of Middle Management Grade Scale II. And Rest of employees who not perform they will assign to Junior Management Grade Scale-I Officer.
Bank provides vast opportunities for growth within the Bank as well as opportunities for postings abroad. The engaging promotion policy of the Bank offers a chance to the brilliant officers to succeed in the highest Management Grade in a short duration.
IBPS PO Practice / Mock Test Series Pdf
Promotions –
  • 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 start their career from Scale I.
  • As I said earlier, that hardworking and knowledgeable employees will be assigned on a higher scale in a short period.
  • Most of the bank’s officers reach to the position of General Manager in 14 years. After that executive director or Chairman of a bank. These are the top most high scale positions of the bank which will be decided by the government.
  • In Public sector banks, you may get a chance to work in abroad also. Many of banks have their branches out of the country also.
Career progression for Probationary Officers in Banking Sector with Salary
Junior Management Grade – Scale I: Officer i.e. PO 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Middle Management Grade – Scale II: Manager 31705 -1145 -32850 -1310 -45950
Middle Management Grade – Scale III: Senior Manager 42020 -1310 -48570 -1460 -51490
Senior Management Grade – Scale IV: Chief Manager 50030 -1460 -55870 -1650 -59170
Senior Management Grade Scale V: Assistant General Manager 59170 -1650 -62470 -1800 -66070
Top Management Grade Scale VI: Deputy General Manager 68680 -1960 -76520
Top Management Grade Scale VII: General Manager 76520 -2120 -85000
Executive Director (ED) Approx 1.5 + lac
 Chairperson and Managing Director (CMD) Approx 2 + lac
Note: – Salary of IBPS PO may be varied according to the location and bank-wise. Salary in Metro and Rural Cities may differ.
Meanwhile, IBPS PO salary in India are same in such cities Delhi, Mumbai, Hyderabad, Jaipur, Kolkata, Uttarakhand, Andhra Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamilnadu, Uttar Pradesh, West Bengal etc.
English Preparation Tips for IBPS PO Reasoning Preparation Tips for IBPS PO
General Knowledge Preparation Tips for IBPS PO IBPS PO Prelims and Mains Syllabus 2017
Hope this complete guide on “IBPS PO Salary” is evident your doubts, and now you have the clear answer to this question that How much salary of IBPS PO? and what is the gross salary? etc. If I missed anything here, you could mention your suggestion here and for any query use our comment section below.
For any discussion on what is the salary of IBPS Bank PO? OR latest ibps PO Exam Updates, you can subscribe our newsletter or join our Facebook page. Check other articles on IBPS Exam.
IBPS Exam Updates 2017 – 2018
IBPS Clerk 2017 IBPS Exam Syllabus IBPS PO Eligibility Criteria
IBPS PO Recruitment IBPS Exam Pattern IBPS PO Books
IBPS RRB Exam IBPS PO Question Papers IBPS PO Study Material
IBPS SO 2017 IBPS PO Admit Card IBPS PO Negative marking
IBPS Recruitment IBPS PO Exam Result IBPS PO Exam Centers
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