IBPS AFO Salary
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:
| Grade | Salary/ Pay Scale |
| Officer Scale I | Monthly 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:
| Components | Values |
| Dearness Allowance | 36% Approx. Rs 8600/ |
| House Rent Allowance | Between 7% to 9%. ( Varies based on posting location) |
| Conveyance Allowance | Fixed amount of fuel expense depending upon 2 wheeler or 4 wheeler |
| Special Allowance | 7.75% of DA+Basic. |
| City Compensatory Allowance | As per the place of posting of the candidate, it is between 0% to 4% |
| Lease Allowance | In place of HRA, lease accommodation is optional and can be availed up to Rs29,500/ as per the place of posting. |
| PF Contribution | It varies between Rs. 3000/ – Rs. 3500/ |
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.
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Senior Management Grade Scale 4 – Chief Manager.
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Senior Management Grade Scale 5 – Assistant General Manager.
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Top Management Grade Scale 6 – Deputy General Manager.
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Top Management Grade Scale 7 – General Manager.
IBPS AFO Salary 2024 – FAQs
The basic pay for IBPS AFO is Rs 23,700.
IBPS AFOs can have a long and rewarding career, with the potential to reach the level of General Manager.
Conducts pre-loan sanction inspection, Follows up in case of recovery of loans, etc are some of the responsibilities.
IBPS AFOs enjoy a number of benefits, including a competitive salary, good career growth prospects, and a variety of learning and development opportunities.
IBPS AFO Pay Scale is Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020.
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