However, banking aspirants must be aware of the roles and responsibilities of the PO. IBPS PO Job Profileīecoming a Probationary Officer in one of the Public Sector banks is the dream and desired job profile of many graduates. When all these allowances are added up the salary may be Rs. It was included in the last wage revision for the banks and is calculated with effect from November 2017.Īn IBPS Probationary Officer receives some other benefits and allowances such as Traveling Allowance, Learning Allowance, Medical Aid, Newspaper Reimbursement, Benefits under New Pension Scheme etc. Practice IBPS PO Prelims Exam Questions IBPS PO City Compensatory Allowance (CCA)ĭepending on the type of city, CCA will be 0%, 3% or 4% for tier I, tier II and tier III cities, respectively. DA is revised every three months on the basis of the All India Consumer Price Index data that the Ministry of Statistics and Program Implementation puts out. After the 11th bipartite settlement it has been reduced to 23.87% in effect from November 2017). IBPS PO Dearness Allowance (DA)Įmployees receive Dearness Allowance (DA) as a percentage of the basic salary (In January 2016, it was around 39.8% of the basic salary. It will be 9.0% or 8.0% or 7.0% of the basic salary based on whether you are employed in a metro (tier I), big cities (tier II) or other locations (tier III). HRA of a probationary Officer changes depending on the place of posting. Now let us take a look at the allowances that an IBPS PO receives: IBPS PO Allowances IBPS PO Basic PayĢ3.87% of the Basic Pay (Varies based on inflation rates)ģ% or 4%(depending on the place of posting) However, after all the deductions, the net in hand salary that a Probationary Officer receives is approximately Rs. The IBPS PO Gross Salary will fall around Rs. 52,000 to 53,000 including HRA, dearness allowances, special allowances, and all perks. Learn IBPS PO Prelims Exam Concepts IBPS PO In-hand SalaryĪn IBPS Probationary Officer is offered an initial in-hand salary package of Rs. Before getting into the details of IBPS PO Salary, let us have an overview of the IBPS PO salary as per the 11th Bipartite Agreement which was released in November 2021 mentioned below: IBPS PO Salary Structure in India Basic Pay
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