All You Need To Know About IBPS PO Promotion 2022 [Updated]

IBPS PO Promotion: A large number of bank officials retire every year, thus leaving behind lots of vacancies that need to be filled. This encourages thousands of aspiring candidates to prepare and appear for the IBPS bank exam, with the hope that they can build a career in the banking sector.

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IBPS PO Recruitment Examination 2022

The IBPS PO Recruitment examination is held every year, for the post of the probationary officer. This examination is quite popular and the competition is becoming tougher as the years go by. But before you register and start preparing for this examination it is quite necessary that you are aware of the job profile, promotions, salary and perks.

IBPS PO Promotion and Job Profile

Once the candidate passes the interview, he is given a posting and goes through about 10 to 20 days of induction training. A probationary officer gets the post of an ‘Assistant Manager’ and is on probation for 2 years, after which he is given a permanent job depending on his performance. During the course of the first 2 years, you have to be prepared for transfer to at least 3 different bank branches and locations.

An Assistant Manager of a bank is basically expected to multitask, and should know how to handle the various departments such as Marketing, Accounting and Finance.

Here are a few things that are required of a probationary officer in a bank-

• Probationary officers generally deal with customers handling their queries and problems, introducing them to new bank policies and products as well as issuing any cheques or demand drafts. Loan processing is also taken care of by probationary officers.
• They also play a major role in marketing the products and services of the bank, thus bringing in fresh business from time to time.
• Overlooking the work of the bank clerks on a daily basis is another role that probationary officers have to play.

Ideally promotions are based on the overall performance and efficiency of an Assistant Manager. Thus, if you want to enter this career path your ideal progression would be as follows-

• Junior Management Grade – Scale I: Probationary Officer
• Middle Management Grade – Scale II: Manager
• Middle Management Grade – Scale III: Senior Manager
• Senior Management Grade – Scale IV: Chief Manager
• Senior Management Grade Scale V: Assistant General Manager
• Top Management Grade Scale VI: Deputy General Manager
• Top Management Grade Scale VII: General Manager
• Executive Director (ED)
• Chairman and Managing Director (CMD)

You can expect posting in mostly urban areas only, although on occasion rural areas are also allotted.

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IBPS PO Salary

The basic salary that you can expect is Rs. 23,700/- a month, along with dearness allowance, special allowance, HRA and CCA (The amount of both varies according to the location of the bank) as well as medical allowance. Thus, the gross total comes up to about Rs, 38,700/- roughly. Start preparing for the IBPS PO exam 2022 from now, if you want to get through with flying colours.

IBPS PO Salary (In-hand)

The in-hand salary package offered to an IBPS PO is Rs. 52,000 to 55,000 with dearness allowances, special allowances, HRA, and other perks. The IBPS PO Gross Salary is around Rs. 57,000 and after deduction of professional tax and NPS, the net in-hand salary remains around Rs. 52,000 to 55,000.

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Know more about IBPS PO salary 2022

Also Read:

How I cracked the IBPS PO Exam: Neeraj Agrawal

 IBPS PO Exam 2022: Overview

IBPS PO Promotion : All You need to Know.