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IBPS PO Salary Structure 2024
Every year the Institute of Banking Personnel Selection (IBPS) offers handsome salary packages to the candidates selected for the post of Probationary Officer (PO) due to which a large number of candidates apply for IBPS PO Recruitment. The IBPS PO pay structure is now based on the 11th bilateral agreement, which was finalized in November 2020. Once selected as IBPS PO, the basic salary of IBPS PO will be around Rs 36,000 and the total in-hand salary of newly appointed IBPS PO will be Rs 52,000 to Rs 55,000. Here in this post candidates can get all the information on IBPS PO Salary 2024.
IBPS PO Salary
One of the major factors that attract candidates for IBPS PO is the salary offered by IBPS PO, not only the salary but also the facilities, allowances etc. are some of the factors that encourage students to work hard for this exam. . Candidates selected as IBPS Probationary Officer will be paid a basic pay of approximately Rs 36,000. IBPS PO is officially called Junior Management Grade Scale 1 or JMGS-I. Here candidates can get all the information on IBPS PO Salary 2024.
IBPS Official 2024 Calendar
IBPS PO Salary 2024 Structure
IBPS PO Salary 2024 structure is very important for the candidates. The pay structure is based on basic pay, allowances, benefits and deductions. IBPS PO salary 2024 structure is given below.
|
IBPS PO Salary Structure 2024 |
|
| Basic Pay | Rs. 36,000 |
| Special Allowance | Rs. 5904 |
| Dearness Allowance | Rs. 9424 |
| Other DA | Rs. 1702.75 |
| Learning Allowance | Rs. 600 |
| House Rent Allowance | Rs. 3200 |
| CCA/LOC A | Rs. 1400 |
| Gross salary with HRA | Rs. 58,271.55 |
IBPS PO Salary Slip
Given below is the salary slip of Bank Probationary Officer. Students can get an idea of the salary of IBPS PO from the pay slip given below.
IBPS PO Allowances and Benefits
A candidate selected for IBPS PO gets many attractive perks along with IBPS PO Salary 2024 and some of them are detailed below:
- IBPS PO House rent Allowance/IBPS PO House Rent Allowance (HRA): House rent allowance varies according to the place of posting and is usually 9.0% or 8.0% or 7.0% of the basic pay depending on the type of cities (i.e., metros, big cities or other locations).
- IBPS PO Dearness allowance/IBPS PO Dearness Allowance (DA): IBPS PO provides Dearness Allowance (DA) to its officers and it is given as a percentage of the basic pay of the employees (in January 2016, it was approximately 39.8% of the basic pay). This dearness allowance is revised every three months on the basis of All India Consumer Price Index data published by the Ministry of Statistics and Program Implementation, Government of India.
- IBPS PO Special allowance/IBPS PO Special Allowance (SA): This allowance has been recently added to the salary and is approximately 7.75% of the basic salary. It has come into effect from 01.01.2016.
- IBPS PO City compensatory allowance (City compensatory allowance): This varies by city and depending on the type of city, it could be 0%, 3% or 4%.
ibps probationary Officer Of Some? Other allowances Are As, Traveling allowance, newspaper reimbursement, medical assistance, benefits under the new pension scheme etc. are given. If we combine the whole, then Salary 58,000+ Rupees will be.
IBPS PO Career Growth
Candidates working on this post have many opportunities for career growth. Banks follow uniform guidelines issued by the Ministry of Finance, Government of India regarding matters of promotion policy. In case of promotion there are two channels i.e. merit Channel And General Channel (merit channel and the normal channel), Their details are given below,
Promotional Channels
Salary and other facilities also increase with the growth of a probationary officer:
- MMGS II (Middle Management Grade Scale II): Salary 31705 From 45950 Of between,
- MMGS II (Middle Management Grade Scale III): salary 42020 From 51490 Of between,
- SMGS IV (Senior Management Grade Scale IV): Salary 50030 From 59170 Of between,
- SMGS V (Senior Management Grade Scale V): Salary 59170 From 66070 Of between,
IBPS PO Job Profile
The job of the Bank PO in public sector banks is to monitor all the banking activities taking place in his branch. Bank PO Loan process including accounts, finance, Loan, Marketing Etcetera including Bank Of All departments Of management Of For Too Responsible Would Is.
- To assist customers in resolving their queries at branch level.
- To oversee and manage the day-to-day operations and activities of the branch.
- Handling public relations and resolving customer issues and concerns.
- Managing and processing customer transactions including loan applications.
- To actively contribute to business growth by attracting new customers and promoting bank services and products.
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