IBPS AFO Salary 2024, Complete Salary Structure, Job Profile

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An IBPS AFO (Scale I) salary includes a Basic pay of Rs. 23,700/- They have a pay scale in the range of 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. In addition to the basic pay, IBPS SO are eligible for some perks and allowances. IBPS AFO is one of the demanded jobs in agriculture sector and offers a lucrative salary with several other benefits. Check out the detailed IBPS AFO Salary, Allowances, Job Profile, etc in the blog.

IBPS SO Salary 2024 – Pay Scale

The IBPS AFO Salary/ IBPS AFO Pay Scale is given below:

GradeSalary/ Pay Scale
Officer Scale IMonthly salary– Rs. 36400/- (Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020)

Download IBPS AFO Interview Questions & Prep Guide

IBPS AFO Salary 2024 – Allowances

The list of the allowances provided is given below:

  • Dearness Allowance.
  • House Rent Allowance.
  • Transport Allowance.
  • Newspaper reimbursement.
  • Hospitalization reimbursement.
  • Pension.
  • Petrol.
  • Deputation Allowance.
  • PF Allowance.

IBPS AFO Salary 2024 – Allowances Value

The allowances and benefits are presented in a tabular form as follows:

Dearness Allowance36% Approx. Rs 8600/
House Rent AllowanceBetween 7% to 9%. ( Varies based on posting location)
Conveyance AllowanceFixed amount of fuel expense depending upon 2 wheeler or 4 wheeler
Special Allowance7.75% of DA+Basic.
City Compensatory AllowanceAs per the place of posting of the candidate, it is between 0% to 4%
Lease AllowanceIn place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting.
PF ContributionIt varies between Rs. 3000/ – Rs. 3500/
Related LinksRelated LinksRelated Links
IBPS AFO Application FormIBPS AFO EligibilityIBPS AFO Exam Date
IBPS AFO Admit CardIBPS AFO SyllabusIBPS AFO Notification
IBPS AFO ResultIBPS AFO Selection ProcessIBPS AFO Previous Year Cut Off

IBPS AFO Job Profile

The job profile for IBPS SO Agricultural Field Officer is as given below-

  • Promotes banks’ loan products in rural areas, particularly among farmers.
  • Meets and maintain a good relationship with farmers and thereby generate Leads
  • Conducts pre-loan sanction inspection
  • Follows up in case of recovery of loans
  • Ensures the proper recovery of loan
  • Getting the acknowledgement of debt

IBPS AFO Salary 2024 – Career Growth

AFOs are given opportunities to get promoted to a higher level based upon their performances. Find below the hierarchy followed at the time of promotion:

Junior Management Grade Scale 1 – Officer/ Assistant Manager.

Middle Management Grade Scale 2 – Manager.

Middle Management Grade Scale 3 – Senior Manager.

Senior Management Grade Scale 4 – Chief Manager.

Senior Management Grade Scale 5 – Assistant General Manager.

Top Management Grade Scale 6 – Deputy General Manager.

Top Management Grade Scale 7 – General Manager.

Related LinksRelated LinksRelated Links
IBPS AFO Previous Year PaperIBPS AFO Full FormIBPS AFO Bank Preference List
IBPS AFO BooksIBPS AFO Bank Wise VacancyIBPS AFO Documents Required
IBPS AFO Hand Written DeclarationIBPS AFO Interview Questions & AnswersIBPS AFO Interview

IBPS AFO Salary 2024 – FAQs

Q1. What is the basic pay for IBPS AFO?

The basic pay for IBPS AFO is Rs 23,700.

Q2. What is the career growth for IBPS AFO?

IBPS AFOs can have a long and rewarding career, with the potential to reach the level of General Manager.

Q3. What are the job responsibilities of an IBPS AFO?

Conducts pre-loan sanction inspection, Follows up in case of recovery of loans, etc are some of the responsibilities.

Q4. What are the benefits of being an IBPS AFO?

IBPS AFOs enjoy a number of benefits, including a competitive salary, good career growth prospects, and a variety of learning and development opportunities.

Q5. What is the IBPS AFO Pay Scale?

IBPS AFO Pay Scale is Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020.

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