Category
  • Banking & Insurance
  • UPSC
  • Regulatory
  • Agriculture Exams
  • JAIIB-CAIIB Exams
  • Karnataka Exams
  • Tamil Nadu Exams
  • SSC Exams
  • Engineering Exams
  • Railway Exams
  • MBA Exams
  • J&K Exams
  • UP Exams
  • Rajasthan Exams
  • Uttarakhand Exams
  • Punjab Exams
  • Haryana Exams
  • Bihar Exams
  • MP Exams
  • Defence Exams
  • Judiciary Exams
  • Teaching Exams
  • Himachal Pradesh Exams
  • Chhattisgarh Exams
Agriculture Exams
JAIIB-CAIIB Exams
Tamil Nadu Exams
Engineering Exams
Defence Exams
Teaching Exams
Himachal Pradesh Exams
Chhattisgarh Exams

IBPS PO Salary 2021 Structure - Complete Details

IBPS PO exam is held in India for the posts of Probationary Officer (PO) in the public sector banks and accordingly provides a great compensation package for the Probationary Officers (PO). In this section, we will look at the IBPS PO salary structure, in-hand salary, benefits and allowances applicable to the IBPS PO.

IBPS PO Salary 2021

The salary of IBPS PO as per the 11th Bipartite Agreement is as follows:

ComponentsAmount
Basic PayRs. 36,000
Special AllowanceRs. 5,904
Dearness AllowanceRs. 8,593.20
CCARs. 1,400
Learning AllowanceRs. 600
DA OthersRs. 1,552.50
Housing Rent AllowanceRs. 3,240
Gross SalaryRs. 57,289.70
Deduction (Professional Tax & NPS)Rs. 4,659.32
Net SalaryRs. 52,630.38

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.

IBPS PO Benefits and Allowances

The IBPS PO gross salary comprises Basic, DA, HRA, CCA  and Special Allowance. The break up is as follows 

Salary ComponentsDetails
IBPS PO Basic PayRs. 36,000/- ( Increment in 4 stages)
House Rent Allowances7%-9% of the basic pay
Dearness Allowance23.87% of the Basic Pay (Varies based on inflation rates)
City Compensatory Allowance (CCA)3% or 4%(depending on the place of posting)
Special Allowance7.75% of the basic pay

IBPS PO Career Growth

The career growth offered to Probationary Officer is very attractive providing vast opportunities to the PO in the organisation. IBPS PO can aim for higher positions within the bank on the basis of their performance, knowledge and experiences. Following is the career growth profile for an IBPS PO

1. Middle Manager – Middle Management Grade Scale 2  

2. Senior Manager – Middle Management Grade Scale 3  

3. Chief Manager – Senior Management Grade Scale 4  

4. Assistant General Manager – Senior Management Grade Scale 5  

5. Deputy General Manager – Top Management Grade Scale 6  

6. General Manager – Top Management Grade Scale 7  

7. Executive Director  

8. Chairman and Managing Director

Find the Right Plan

Flexible pricing options for all the aspirants
IBPS PO Prelims

₹ 499

  • Validity: Jan 31, 2022
  • 20 Tests for IBPS PO Prelims.
IBPS PO Mocks

₹ 749

  • Validity: Jan 31, 2022
  • 20 Tests for IBPS PO Prelims.
  • 10 Tests for IBPS PO Mains.

FAQs

What is the Preliminary Examination date for the IBPS PO Exam?

04th - 11th December 2021

What are the various stages of the IBPS PO selection procedure? +

There 3 stages in the IBPS PO selection procedure: Preliminary Examination, Main Exam, and interview. The candidate has to qualify in each stage for becoming eligible for an appointment to IBPS PO.

I have obtained only 40% marks in my graduation. Can I apply for the IBPS PO Exam? +

Yes, you can apply. The criteria are that you must be a graduate from a recognised university.

When will I receive my Admit Card for the IBPS PO Exam? +

The IBPS PO Admit Card for Prelims Exam has been released on 20th Nov 2021. The admit card would be available for download till 11 Dec 2021.

What is there in Oliveboard IBPS PO Mock Test Series? +

Oliveboard provides 20 IBPS PO Prelims Mock Tests, 10 Mains Mock Tests, and 100+ Sectional & Topic Tests. Solving these mock tests and analyzing your performance after each mock test is the best way to clear the IBPS PO Prelims Exams.

Take a Free Mock Test now

100 marks 100 Qs 60 min
Or
Email Id
19 of 100 left 81%

Please wait while we process your request....

×

Contact Details

 

 
 
 
 

Total Amount

 

Please wait...

Open in app