IBPS PO Salary:- Candidates applying for the position are largely motivated by the IBPS PO salary. In India, the bank PO position has always been the most popular career choice. In addition to security and lucrative perks and allowances, candidates choose the banking industry for the Bank PO salary.
The IBPS PO position has a starting salary of Rs 23700/-. In addition, there are other allowances for things like housing, travel, and medical expenses. As long as an employee remains employed by the bank, the IBPS PO salary is subject to a series of raises.
IBPS PO Salary 2024
The IBPS RRB PO Notification has been released. One of the main reasons so many people apply for the position of Probationary Officer at Regional Rural Bank (RRB) is the IBPS RRB PO Salary. Probationary Officers at the Regional Rural Banks receive a highly lucrative salary package.
IBPS RRB PO’s starting salary is Rs. 36,000. A number of benefits and allowances will also be available to the selected candidates. Candidates can find all of the information they need about the IBPS PO Salary 2024 in this article.
IBPS PO Salary 2024 Details
| Organization | Regional Rural Banks |
| Exam Name | IBPS RRB |
| Post | PO and officer scale II and III |
| Year | 2024 |
| Category | Pay Slip |
| Job Location | State Wise |
| Application Mode | Online |
| Official Website | ibps.in |
| IBPS RRB PO Salary 2024 | Check this Post in Hindi |
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About IBPS PO
Indian banks needed to expand their branch network across the country in order to be more accessible to their customers after they were nationalized in 1969. This required additional staff, but advertising and other methods of recruitment were ineffective. As a result, the banks contacted the National Institute of Bank Management (NIBM) to request the creation of a selection testing procedure for hiring competent candidates. In order to deal with projects of this nature, a small division known as Personnel Selection Services (PSS) was established. IBPS replaced PSS in 1984, a few years later.
IBPS RRB PO Salary 2024 Salary Structure
The initial basic pay for a newly selected RRB PO is 36,000. In the table given underneath, we take care of the essential compensation and the remittances which are added to the IBPS PO Pay 2024.
| IBPS RRB PO Salary 2024- Salary Structure | |
| Earnings | Amount |
| Basic Salary | 36,000 |
| SPL Allowance | 5,904 |
| DA | 13815.75 |
| HRA | 2520 |
| CCA | – |
| HFA/BFA | – |
| Total Earnings | 58,239.75 |
IBPS RRB PO Salary 2024- Deductions
The provident fund, national pension scheme, and other types of payments are taken out of the IBPS RRB PO’s gross salary. The probationary officers’ retirement benefits are deducted from the amount. Candidates can see what deductions were taken out of their IBPS PO Salary in 2024.
| IBPS RRB PO Salary 2024: Deductions | |
| Deductions | Amount |
| PT | – |
| PF | – |
| NPS | 4787 |
| Total Deductions | 4787 |
IBPS RRB PO Salary 2024 Net Income
We have provided the IBPS RRB PO’s home salary in the table below.
| Particulars | Amount |
| Total Earnings | 58,239.75 |
| Total Deductions | 4787 |
| Net Salary | 53,253 |
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IBPS RRB PO Salary 2024 Perks & Allowances
Along with the basic pay, the regional rural banks provide the probationary officer with a variety of perks and allowances. In the form of a table, the complete list of benefits and allowances is provided below.
| IBPS RRB PO Salary 2024: Perks & Allowances | |
| 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 the allowances given above, there are also the following perks that are given to RRB PO.
- City Compensatory allowance
- Travel Allowances- Banks fully compensate their employees for the amount spent on traveling for the purpose of official work or they reimburse the petrol/Diesel expenses
- Leased Accommodation- Banks mostly provide their employees either a bank quarter to stay in or give an option to lease a house for which the bank is accountable for providing the rent.
- Pension scheme
- Medical Reimbursement
- Newspaper Allowance
- Overtime Allowance
IBPS RRB PO Job Profile
We have also discussed the RRB PO job profile, which is in addition to the IBPS RRB PO Salary 2024. After being selected for the position of IBPS RRB PO, a candidate must either complete two years of probation or undergo training. The candidate receives a fixed amount that is typically lower than the normal pay scale during the probationary period. The tasks that a RRB PO typically needs to complete are listed below.
- To manage the day-to-day banking operations. ibps.in
- Loan disbursement & credit portfolio rating.
- To take care of single window operations or being a teller.
- Focus on the agricultural schemes and policies for the rural market.
- Preparing the audit reports and NPA recovery also forms a major job task.
In addition to the tasks listed here, one must also manage the clerical staff and in-house staff. The Probationary Officer is also needed by banks to run and operate.
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IBPS RRB PO Career Growth
Given below is the promotional hierarchy for IBPS RRB PO.
- IBPS RRB PO
- Assistant Manager
- Deputy Manager
- Branch Manager
- Senior Branch Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
FAQ About IBPS PO Salary 2024
What is the basic pay for an IBPS PO?
The basic pay of a Probationary Officer is Rs.36,000.
What are the perks of an IBPS PO?
As an IBPS PO, the employee is entitled to get medical facility, newspaper allowance, Travel Allowances, HRA, DA, and other allowances.
What is the highest post at which a person becomes as an IBPS PO?
The employee may get promoted to the rank of Chairman and Managing Director.
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