IBPS PO basic pay is INR 23,700 and there are several allowances and perks as well which together is an attractive amount. Also, check the IBPS Exam Calendar for 2021-22
The salary offered for IBPS PO 2021 jobs including the in-hand amount after the 7th Pay Commission, pay scale, job profile, nature of labor, promotion policy, and perks are discussed in details here.
The IBPS PO Salary Structure contains different components including basic pay, increments, allowances, and perks. Have a glance at the in-hand salary, pay scale, and allowances of IBPS POs below:
|Basic Pay||Rs. 23,700|
|Dearness Allowance (DA)||Rs. 10163.63|
|Special Allowance (SA)||Rs. 1836.75|
|Gross In-Hand Salary with HRA||Rs. 38,703.38|
Bank POs are eligible to enjoy a couple of allowances and perks including HRA, DA:
Candidates also get lease accommodation, traveling allowance, newspaper reimbursement, medical care, benefits under the New Pension Scheme.
This facility is out there to PO in situ of HRA. Most of the places banks provide Official Bank Accommodation/Bank Quarter as leased accommodation. This amount isn’t available as a cash component and can directly attend to the house owner – you’ve got leased.
Some banks provide fixed Traveling Allowance whereas others allow reimbursement of petrol bills i.e. Bank officers must own a scooter/car at the place of posting.
10% of basic pay+DA is deducted
A fast and hard monthly amount is paid towards the value of 1 newspaper to the Probationary Officer.
A hard and fast annual amount is paid by most of the banks (The revised amount is Rs 8000/- p.a.).
The position of IBPS Bank PO is that of Junior Management Grade Scale I (JMGS I) officers among the banks. The post offers an honest career growth in terms of position also as a salary. The size of the regular salary of IBPS PO ranges between Rs 23700 to Rs 42020. On their promotions, the IBPS PO comes under Middle Management Grade Scale-II or III (MMGS) or Senior Management Grade Scale IV or V (SMGS).
Candidates appointed as IBPS POs have chances to travel up to the post of Chairman and director during a bank. Here is that the career promotions for IBPS PO:
Ques. What are perks and allowances enjoyed by IBPS PO/MTs?
Ans. IBPS POs are entitled to many perks and allowances like DA, House Rent Allowance, medical coverage, newspaper allowance, Travel Allowances, etc.
Ques. What is the Basic Pay of IBPS POs in Banks?
Ans. The basic pay of POs (Probationary Officer) in banks is Rs 23,700.
Ques. What are the opposite perks offered to an IBPS PO Officer?
Ans. An IBPS PO Officer gets perks like HRA, Medical, and traveling allowances, Dearness allowance, etc.
*The article might have information for the previous academic years, please refer to the official website of the exam.
*The article might have information for the previous academic years, please refer the official website of the exam.