Become Job Ready with CollegeDekho Assured Program
Learn More

IBPS PO Salary: Check Basic, In-Hand Salary, Perks, Benefits, Job Roles

Deepansh SharmaUpdated On: June 20, 2022 03:23 pm IST | IBPS PO

IBPS PO are entitled to three increments on the basic salary. The additional allowances and perks make the in hand salary of an IBPS PO quite handy. Read the article given below to understand the revised IBPS PO salary.

IBPS PO Salary

IBPS PO Salary: Institute of Banking Personnel Selection (IBPS) is the governmental body which conducts the recruitment for all the Public Sector Banks of India. IBPS is best Known for its fast paced recruitment process. It is believed that the IBPS wraps up a recruitment process in almost 8 months, which is way more quick than any other government recruitment agency in India. All the public sector bank's employment is carried out by the IBPS for all the entry level as well as for officer level posts. IBPS releases the employment notification for through a number of openings like IBPS Clerk, IBPS PO, IBPS SO, IBPS RRB Clerk, IBPS RRB PO, etc. IBPS releases these notifications on a yearly basis. Among all the job openings published by IBPS, IBPS PO is considered to be its prime opening, as the career of an IBPS Po is quite promising and full of advancement. One of the major reason for this fact is the salary of an IBPS PO. The Salary of an IBPS PO is one of the highest among any equivalent Post in the PSU's. The job of IBPS PO is renowned as highly reputed. The IBPS PO is offered with a number of unique stipend and allowances, adding more value to it's lucrative basic salary.  

In the article given below, We will be discussing about the IBPS PO Salary and all other perquisites he enjoy's. This will include the information about the Basic Salary of IBPS PO, allowances an IBPS PO gets, IBPS PO Job Profile, functions of IBPS PO and other relevant details. Therefore, the candidates who aspire to become an IBPS PO in a Public Sector Bank should know the salary and other perquisites that an IBPS PO bank enjoy's, as these factors provide a strong stimulus to clear this exam. Please refer to the article given below to get all these details.

IBPS PO (Basic and In-hand Salary)

The salary, which an employee receives is a crucial factor which determines his/her job satisfaction. The Banking sector leaves no room for discontent among it's employee in this field. The Salary of IBPS PO, itself, serves as a motivation for the job seekers, to work hard to get the Job. Along with the diverse opportunities the Banking sector provides, the IBPS PO Salary has always been a matter of interest by the bankers. These factors lead to a large number of applications for the recruitment exams of IBPS.

IBPS PO receives ₹36,000, as the basic pay. In addition to the basic salary, there are a number of allowances which an IBPS PO is entitled to. Further more, an IBPS PO is also subjected to a number of increment with the advance of his/her career in a particular bank. If we talk about the In-Hand Salary of an IBPS PO, It can be estimated that an IBPS PO gets approx. ₹52,000 - ₹60,000 in the staring of his career. The latest revision made by the government has uplifted the IBPS PO salary by ₹4000 - ₹5000. The IBPS PO salary also depends upon the area of position; Rural or Urban. IBPS PO in the urban area always earns ₹6000-₹8000 more than an IBPS PO posted in a rural area. This difference in the IBPS PO salary arises due to the more allowance the PO posted in Urban area gets.

IBPS PO Salary structure

According to the latest revision in the IBPS PO Payscale, the salary of a IBPS PO will be ₹36,000 withtwo advance incrementon the Basic pay whereas the highest basic salary will be ₹63,840Given below is the chart depicting the revised increment and the corresponding salary of an IBPS PO after these incements.

The Basic Salary Structure of an IBPS PO is as followed:

IBPS PO Salary IncrementsIBPS PO Salary
IBPS PO Entry Level Salary ₹36,000
IBPS PO Salary after 1st Increment₹46,430
IBPS PO Salary after 2nd Increment₹49,910
IBPS PO Salary after 3rd Increment₹63,840

IBPS PO Allowances

The basic salary of an IBPS PO may seem quite regular and equivalent to any governmental job. So, what makes the IBPS PO a lucratie Job? The answer is the allowances that an IBPS PO gets in addition to the basic salary adds a lot of value to the profile. These allowances includes the Dearness Allowance (DA), House Rent Allowance (HRA), Travel Allowance(TA), Leave travel Consession (LTC), Medical Allowance and many other allowances. One will be amazed to know that the IBPS also offers its employees some special allowances like Newspaper Allowance, Furniture Allowance, Mobile Bill Reimbursement, etc. Apart from the basic salary of an IBPS PO, these allowances add about the double of its value. Given below is the in-hand salary of a IBPS PO including various allowances. Check the table:

Credit Particulars

Amount Details

Basic Pay

₹36,000

Dearness Allowance (DA)

26% of the basic pay

House Rent Allowance (HRA)

7 to 9% of the basic pay

Special Allowance

7.75% of the basic pay

Learning Allowance (LA)

₹600

Gross Salary

₹52,000 (approx)

It is to be noted that these allowances may differ with repect to the region of posting of an IBPS PO. IBPS PO posted in urban cities is always paid more than the IBPS PO posted in Villages.

IBPS also deducts some part of the IBPS POs' salary uder the pension fund. The employee gets this amount along with the interst as the Provident Fund after this retirement.

IBPS PO Salary Slip

The IBPS PO Salary Slip is displayed below. Candidates can refer to the IBPS PO Salary Slip to get clear view of the latest IBPS PO Salary:

IBPS PO Perks & Benefits

As we have been cosistently discussing about the benefits and the emoluments the IBPS offers to its Probationary Officers (PO), the authority makes its employees happy by addidng some more perks above their salary. These perks & benefits includes the performance based incentives, loan facilty at minimal interest, financial security, Insurance facility, PF facility. IBPS is also known for its fast promotion service. So, on an overall note, the career as an IBPS PO is quite promising.

IBPS PO Job Profile: Roles an IBPS PO plays in a bank

An IBPS PO manages the business of a bank. He is a manager on probation. IBPS PO is also termed as an assistant manager of the bank. He also looks after the public dealings in a Public Sector Bank. A PO manages the accounts of the bank customers, acknowledge the problems, which the bank clerks' bring forward, and resolve them. So, all these works makes the post of a PO quite responsible and important in general perspective. Like every other bank, The IBPS PO carries out the aforementioned work. IBPS PO performs out the following activities:

  • IBPS PO helps out the clerks with the work which they are unable to carry out.
  • IBPS PO is majorly involved in all the managerial banking activities like the process of loan approval, loan sanctioning, Credit dispute resolution,etc .
  • IBPS PO have the authority to take actions in cases related to the finance of the branch, Accounts of the customers,Loan approval and retrieval, etc.
  • IBPS PO also verifies the documents for bigger transaction. The call of a PO holds a lot of weightage in matters related to debit and credit.

/articles/ibps-po-salary/

Be the First to Know

Get Access to Latest Updates

View All Questions

Related Questions

Is B.Com admission started at Siva Sivani Degree College?

-PinkyUpdated on August 14, 2022 01:58 PM
  • 3 Answers
Rahul Raj, Student / Alumni

Dear Student,

Yes, the admission for B.Com and various other courses of Siva Sivani Degree College has started for the 2021 academic year.

If you have any additional questions or need admission assistance, please complete our Common Application Form (CAF) and one of our education professionals will contact you with all of the information you require. If you have any questions, you can call our toll-free number 1800-572-9877 for FREE counselling.

Thank you

READ MORE...

How to apply admission in your collage

-abirami rUpdated on August 14, 2022 08:07 AM
  • 13 Answers
Rahul Raj, Student / Alumni

Dear Student,

If you want to take admission in Periyar E.V.R. College, you need to visit the campus personally and fill up the application form. Based on your academic marks you will be shortlisted for admission.

Apart from Periyar E.V.R. College there are many Top colleges in Tamil Nadu where you can get admission without leaving your home. Go through these colleges and if you feel like you want to learn more about them or want to apply, fill in our Common Application Form (CAF) and our education experts will contact you and guide you through the admission process …

READ MORE...

Please tell me the last date for registration and admission process of Sanatan Dharma College, Ambala?

-simranpreet singhUpdated on August 12, 2022 08:12 PM
  • 3 Answers
Rahul Raj, Student / Alumni

Dear Student,

The registration for Sanatan Dharma College, Ambala is still ongoing. You can fill up the application form from the official website of the college.

For the information of admission please write back to us with the name of the course fin which you would like to apply for admissions this way we will able to provide you with detailed information. If you wish to know more about admissions, please fill out our common application form our education experts will help you through the entire admission process. If you have any questions, you can also call on our tollfree …

READ MORE...

Do you have a question? Ask us.

  • Typical response between 24-48 hours

  • Get personalized response

  • Free of Cost

  • Access to community

Subscribe to CollegeDekho News

By proceeding ahead you expressly agree to the CollegeDekho terms of use and privacy policy
Apply Now

Top 10 Commerce and Banking Colleges in India

View All

Never miss an exam update !!

Top