IBPS RRB PO Salary 2022: Check Post Wise In-hand salary, payscale, allowances, and benefits

Safalta Expert Published by: Deepesh Mehra Updated Mon, 20 Jun 2022 12:25 AM IST

Highlights

Get details about IBPS RRB PO Salary 2022 at Safalta.com. Know the complete post-wise salary of IBPS RRB, allowances, benefits, and perks offered to the selected candidates.

Institute of Banking Personnel Selection (IBPS) conducts IBPS RRB PO Recruitment Exam. BPS offers lucrative salaries to their Probationary Officers which is the main reason that every year graduates rush for grabbing this job opportunity. Candidates who are aspiring to appear for IBPS RRB PO Exam should ensure that they know all the details about the exam such as eligibility criteria, exam pattern, syllabus, and so on. Along with these details, it is also essential for candidates to know IBPS RRB PO salary and job profile to understand the nature of the profession better. It is important that the candidates know the salary fo Bank Perosneel is not as per the 7 th CPC but is based on 11 Bipartite Agreement held in November  2020. If you are preparing for IBPS RRB PO Exam then download our free e-book: A Complete Book of Data Interpretation and Analysis.  

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  • IBPS RRB PO salary structure is Rs. 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42021.
  • The in-hand salary is Rs. 29,000  to Rs. 33,000 per month.
  • IBPS RRB PO also receives various allowances such as Dearness Allowance, House Rent Allowance, Transport Allowance etc.

IBPS RRB PO is paid a handsome amount of salary which makes this post very lucrative for a lot of candidates. Read this article to know all about IBPS RRB PO  salary and other details. If you are preparing for IBPC RRB PO Exam and are looking for expert guidance, you can check out our IBPS RRB - 2022 (PO & Clerk) - Complete Prelims Batch.

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IBPS RRB PO Salary 2022: Overview

IBPS offers lucrative salaries and plenty of other perks and benefits for various grades of officers and clerks. Here is the IBPS RRB PO Salary structure and in-hand salary for various grades. the grades in RRBs are as follows:

  • Officer Scale 1 (PO)
  • Officer Scale 2 (Generalist & Specialist)
  • Officer Scale 3 (Senior Manager)
  • Office Assistant or Clerk (Multipurpose)
The salary as per grade is as follows:
IBPS RRB Clerk Rs. 15000 to Rs.20000
IBPS RRB  PO Rs. 29,000  to Rs. 33,000
Officer Scale-II Rs. 33,000 to Rs. 39,000
Officer Scale III Rs. 38,000 to Rs. 44,000
 
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IBPS RRB PO In Hand Salary


The probationary officer will initially draw a salary of Rs. 29,000  to Rs. 33,000. Which is supplemented with various benefits and allowances like DA, HRA, and special allowances.
Grade pay for IBPS PO Salary is Rs. 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42021. We have broken down the salary structure for you :

  Basic salary  Annual increment  Number of Years 
On joining  Rs. 23700 Rs.980 7
After 7 years  Rs. 30560 Rs.1145 2
After 9 years  Rs. 32850 Rs.1310 7
Final grade pay  Rs. 42021    
 
The in-hand salary for various grades is as follows:
IBPS RRB Posts In-hand Salary
Officer Scale 1 (Probationary Officer or PO) Rs. 51,000/- to 58,000/-
Officer Scale 2 (Generalist & Specialist) Rs. 33,000/- to 39,000/-
Officer Scale 3 Rs. 38000/- to 44,000/-
Office Assistant or Clerk (Multipurpose) Rs.15,000/- to 19,000/-

Also read:
IBPS RRB Recruitment IBPS RRB PO Eligibility IBPS RRB Clerk Salary SBI PO Study Material
 

IBPS RRB PO Allowances

The IBPS RRB PO Salary also includes Dearness Allowances and House Rent Allowance for all the scales. Such allowance are a protective cushion against inflation and rising housing rent. 
Here are details of allowance offered by IBPS RRB:

Dearness Allowance 46.5% of the basic pay.
House Rent Allowance For Rural Areas: 5% of the basic pay
For Semi-urban Areas: 7.5% of the basic pay
For Urban Areas: 10% of the basic pay
Special Allowances 7.75% of the basic pay.

 
Apart from these allowances, they are also given other allowances to adequately cover other expenditures. The perks in addition to basic two major allowances are:

  • Travel Allowances: There is an option provided by the bank for a full traveling allowance or reimbursement of the money spent on petrol/diesel.
  • Leased Accommodation: As per availability RRBs provide accommodation or official residence. In case the bank is not able to provide accommodation they are reimbursed for rental expenditure paid as per area of service.
  •  Medical Reimbursement: The banks also provide a fixed amount to their employees for medical expenditures they might incur.
  • Pension Schemes: all employees have a secure post-retirement life through National Pension Scheme or any other scheme.
  • Miscellaneous
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IBPS RRB PO Job Profile

Successful candidates do through a probation period of 2 years. During the probationary period, the candidate's ability and work performance is analyzed. Probationary officers will receive a fixed amount along with other allowances that is usually less than the normal pay scale. Once candidates are through 2 year period they become grade 1 level officers in regional rural banks.

The job profile for the candidates selected for IBPS RRB Officer Scale I (PO) is given below.

  • Branch work - related to banking and finance.
  • Sector-specific work - promoting schemes and financial products for agriculture.
  • Managing single-window operating system.
  • Manage day-to-day operations at Bank.
  • Preparing the audit reports and NPA recovery also forms a major job task.

 
Probationary Officers not only learn and imbibe from other employees. They are often required to manage sub-ordinates and clerks working in the Branch. They are also the face of RRB, to the rural population, often being the face of the outreach programs.

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

IBPS RRB PO Career Growth

IBPS RRB PO  in-hand salary ranges from Rs. 29,000 – Rs. 33,000. From being the entry-level probationary officer, through career growth, RRB gives a chance to rise to the topmost post with Regional Rural Banks. After the completion of two years, RRB POs are appointed as regular employees with the bank.They are known as Assistant Manager then. We have traced the career prospects for RRB PO officers here :

  1. IBPS RRB Officer Scale I (PO)
  2. Assistant Manager
  3. Deputy Manager
  4. Branch Manager
  5. Senior Branch Manager
  6. Chief Manager
  7. Assistant General Manager
  8. Deputy General Manager
  9. General Manager


IBPS RRB PO salary is lucrative, rewarding and the post offers immense career growth and learning opportunity. RRB PO is an important part of organizations providing financial services to the Rural Sector. Do miss this opportunity to secure a job as RRB PO - learn with Safalta.

 

IBPS RRB Office Assistant Salary: An Overview

As per official notification salary structure for  IBPS RRB Office Assistants is in the range of Rs. 7200-400/3-8400-500/3-9900-600/4-12300-700/7-17200-1300/1-18500-800/1-19300.
 
We have broken down the salary structure for you

  Basic salary  Annual Increment  Number of Years 
On joining  Rs 7200 Rs 400 3
After 3 years  Rs. 8400 Rs. 500 3
After 6 years  Rs. 9900 Rs.600 4
After 10 years Rs. 12300  Rs 700 7
After 17 years Rs 17200 Rs 1300 1


So on the selected candidate will have the last basic pay as Rs. 19300.


 

IBPS RRB Office Assistant Salary: In hand salary

We have discussed the salary structure above, the in-hand salary for IBPS Office Assistant, which many would want to know is  Rs. 19000- Rs. 22000 is the cash in hand for new joiners. 

In hand salary for other posts in IBPS RRB  is as follows

IBPS RRB Clerk Rs. 15000 to Rs.20000
IBPS RRB  PO Rs. 29,000  to Rs. 33,000
Officer Scale-II Rs. 33,000 to Rs. 39,000
Officer Scale III Rs. 38,000 to Rs. 44,000

IBPS offers lucrative salaries across grades.
 

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IBPS RRB Office Assistant Salary: Allowances and Benefits

The IBPS RRB Office Assistant Salary also includes Dearness Allowances and House Rent Allowance for all the scales. Such allowance are a protective cushion against inflation and rising housing rent. 
Here are details of allowance offered by IBPS RRB:

Dearness Allowance 46.5% of the basic pay.
House Rent Allowance For Rural Areas: 5% of the basic pay
For Semi-urban Areas: 7.5% of the basic pay
For Urban Areas: 10% of the basic pay
Special Allowances 7.75% of the basic pay.

 
Apart from these allowances, they are also given other allowances to adequately cover other expenditures. The perks in addition to basic two major allowances are:

  • Travel Allowances: There is an option provided by the bank for a full traveling allowance or reimbursement of the money spent on petrol/diesel.
  • Leased Accommodation: As per availability RRBs provide accommodation or official residence. In case the bank is not able to provide accommodation they are reimbursed for rental expenditure paid as per area of service.
  •  Medical Reimbursement: The banks also provide a fixed amount to their employees for medical expenditures they might incur.
  • Pension Schemes: all employees have a secure post-retirement life through National Pension Scheme or any other scheme.
  • Miscellaneous

IBPS RRB PO Salary (Officer Scale 1)

IBPS RRB Probationary Officer (Scale 1) receives a salary in the pay band of Rs. 51,000 to 58,000/-. The posts also provide an increment in the salary on a regular basis. The annual increments in IBPS RRB PO Salary are provided in the table below.

Period of Service Annual Increments
First 7 Years of Service Rs. 980/-
Next 2 Years of Service Rs. 1145/-
Next 7 Years of Service Rs. 1310/-

Apart from the annual increments, the Probationary Officers also receive increments as per the latest revisions in the pay commission. Also, the salary is increased in case of posting to higher-level cities or promotions.

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What is the in-hand salary of IBPS RRB PO?

The probationary officer initially draws an in-hand salary of Rs. 29,000  to Rs. 33,000

Is there a limit for the number of attempts in the IBPS RRB PO exam?

No, there is no such limit for the number of attempts.

Is there an offline process to apply for the IBPS RRB PO exam?

 No, you can only apply online for the exam.

What is the difficulty level of the IBPS RRB PO exam?

The difficulty level of the exam is pretty normal if you're well prepared for it.

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