IBPS PO Salary 2022: In-hand salary, allowance, perks, and other benefits

Safalta Expert Published by: Deepesh Mehra Updated Thu, 20 Jan 2022 01:48 AM IST

Highlights

Looking for details on IBPS PO Salary? Get to know IBPS PO Salary here with Safalta. Also check out in-hand salary, allowance, perks, and other benefits.

Are you aware of IBPS PO salary? As per the official website of IBPS, the exam for PO is being conducted from 04th to 11th December 2021. The exam notification will be out any time soon. The candidates preparing for the exam must be aware of all the details related to the exam. One of the most important aspects that should be known to all is IBPS PO Salary and job profile. The salary and job profile can motivate you towards the last stretch of examination. The IBPS PO salary details are contained in the official notification, since this year's notification is yet to be released, the IBPS PO Salary details in this space are as per the previous year's notification. The updated IBPS PO 2021, salary has been decided on the basis of 11 th Bipartite Agreement in November 2020.
  1. The salary is as per the provisions of 7 th CPC
  2. The basic pay has been revised to Rs. 36,000. 
  3. The revised IBPS PO Salary has been made effective from November 2017.
  4. The net salary of IBPS Salary is Rs. 52,630.38. 
The pay scale and various allowances like dearness allowances, travel allowances, and other allowances are covered below. The IBPS PO Salary is lucrative and rewarding, this article will cover all the details related to the IBPS PO Salary. If you are preparing for IBPS PO Exam and are looking for expert guidance, then join now: IBPS PO (PRE + MAIN) Complete Batch

Table of Contents

1. IBPS PO Salary Structure

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2. IBPS PO Salary: Allowances
3. IBPS PO Salary: Job Profile
4. IBPS PO Salary: Career Growth
5. IBPS PO Salary FAQs
 

IBPS PO Salary Structure 

The salary is as per the provisions of 7 th CPC. The increments and time of increments are decided by the banks. This means the IBPS PO Salary will be Rs 36,000 with an increment of Rs 980 for the next 7 years, followed by a basic of Rs 42,860 with an annual increment of Rs 1145 for the next two years and so on. The initial IBPS PO salary is enumerated below.
 
Basic Pay                           Rs. 36000                   
DA Rs. 8,593.20
Learning Allowance Rs. 600
DA Others Rs. 1,552.50
HRA Rs. 3,240
Gross Salary Rs. 57,289.70
Net Salary /in-hand  Rs. 52,630.38

The initial in-hand salary offered to an IBPS Probationary Officer is Rs. 52,000 to 53,000 

 

IBPS PO Salary: Allowances 

The Probationary officers working in various banks are eligible for a number of allowances. The allowances are not fixed, they are raised from time to time as per the need. The purpose of allowances is to secure against the rising cost of living and provide security against unforeseen medical expenses. The allowances given in addition to  IBPS PO Salary are mentioned below.
  1. Dearness Allowance 
  2. City Compensatory Allowance(CCA)
  3. Medical Insurance 
  4. Furniture Allowance
  5. Travelling Allowance 
  6. Miscellaneous
 Also Read:
IBPS PO Salary IBPS RRB PO Salary Bank PO Salary
ICICI Bank PO Salary SBI CBO Salary IBPS RRB Office Assistant Salary
 

IBPS PO Salary: Job Profile 

The job of a PO is one of responsibility and precision. They are responsible for day to day working of balks and customer support. They are often tasked to handle complex banking situations and grant loans or address the needs of customers. The detailed job profile of the PO is covered below.
  •  They verify various documents and proofs submitted by the customers

  • They are tasked with checking and approving checks.

  • They are responsible for the bank vault, various important documents, keys and work with core banking solutions.

  • They sanction the withdrawals by the customers

  • They give advice on financial matters, help in designing financial products etc.

Also Read: IBPS PO Eligibility

IBPS PO Salary: Career Growth 

They get promoted either on the basis of seniority or clearing the departmental exams held by the bank. Work performance and dedication are crucial in ensuring promotion. The POs are promoted from time to time as per banks policy, their skills are also regularly updated from time to time. The various posts available on promotion are mentioned here. Most of the public sector banks follow uniform guidelines issued by the Ministry of Finance, Government of India, regarding promotion policy matters. The public sector banks follow two channels in case of promotion i.e. the merit channel and the normal channel.
  • Officer/Assistant Manager

  • Manager

  • Senior Manager

  • Chief Manager

  • Asst. General Manager

  • Deputy General Manager

  • General Manager
     

To know more read here 
IBPS Clerk Salary IBPS Clerk Eligibility Bank Po Salary  Canara Bank PO Salary
 

IBPS PO Salary FAQs

Q1 What are the exam dates for IBPS PO Exam?

A1 The exam dates for IBPS PO are 9th, 10th, 16th & 17th October 2021

Q2 What is the basic salary of Bank PO?

A2 The basic salary of Bank PO is Rs 36,000.

Q3 What is the probation period of Bank PO?

A3 The probation period of Bank PO is 2 years.

Q4 What are the basic allowances as part of Bank Po salary?

A4 The basic allowances as a part of Bank PO salary are dearness allowances, HRA, Travelling Allowances.
 

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