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IBPS RRB Salary Structure, Pay Scale, Allowances & Benefits 2021

Updated On -

Nov 6, 2020

IBPS (Institute of Banking Personnel Selection) carries out the process of recruitment for various posts at IBPS Regional Rural Banks (RRB) across India. Through this examination candidate are recruited for the following posts:

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Group A: Officers Post

  • IBPS RRB Officer Scale I (PO)
  • IBPS RRB Officer Scale-II (Generalist and Specialist)

Group B: Office Assistant

  • IBPS RRB Multipurpose Office Assistants (Clerk)

Candidates looking forward to appearing for the IBPS RRB exam should be aware of the salary structure, pay scale, and allowances which they will get after getting selected. Hence, in this article, information about the salary for the above-mentioned posts has been described in detail.

IBPS RRB In-Hand Salary

IBPS RRB In-Hand Salary

In hand salary for officers working at different levels after IBPS RRB is tabulated below.

Post Name IBPS RRB In-Hand Salary
Office Assistant (Clerk) INR 21,000 – 23,000
Officer Scale I INR 42,000 – 45,000
Officer Scale II INR 55,000 – 60,000
IBPS RRB Officer Scale

IBPS RRB Officer Scale (PO)

IBPS RRB Officer Scale (PO) In-Hand Salary

  • Newly recruited IBPS RRB PO officers get an in-hand salary of about INR 42,000 - 45,000.
  • After getting recruited as an IBPS RRB Officer Scale I, candidates have to work for a minimum of 2 years of probation.
  • During this period, candidates will be eligible for increments in salary like other employees.
  • Upon completion of the probationary period, candidates will be promoted to the post of Assistant Managers in the allotted bank.
  • The growth chances of a candidate will be on the basis of his/ her performance.

IBPS RRB Officer Scale (PO) Pay Scale

According to the new notification, the basic pay scale for an IBPS RRB PO is INR 23700-980/7-30560-1145/2-32850-1310/7-42020.

IBPS RRB Officer Scale (PO) Allowances

IBPS RRB officers also get the following allowances along with their salary:

  • Dearness Allowance – 75.9% of basic pay
  • House Rent Allowance – 7% of basic pay
  • Special Allowances – 7.75% of basic pay
  • Other Allowances such as:
    • Travel Allowance
    • Newspaper Allowance (INR 200 per month)
    • Medical Reimbursement (INR 8000 per year for Scale I)
    • Entertainment (INR 400 for 3 months and INR 1200 per year for PO)
    • Leased Accommodation
    • Miscellaneous

IBPS RRB Officer Scale (PO) Perks

  • Work pressure for IBPS RRB officers is less than other banks.
  • Chances of getting home postings under this post are very high.
  • As the posting is done in rural areas, the cost of living is low.
  • Employees can get a decent work-life balance while working as an IBPS RRB Scale I Officer.
IBPS RRB Office Assistant

IBPS RRB Office Assistant (Clerk)

IBPS RRB Office Assistant (Clerk) In-Hand Salary

  • For newly appointed IBPS RRB clerks the in-hand salary amount is INR 21000 – 23000.
  • The amount for in-hand salary varies depending on the organization.

IBPS RRB Office Assistant (Clerk) Pay Scale

According to the new notification, the basic pay scale for an IBPS RRB Clerk is INR 7200-(400/3)-8400-(500/3)-9900-(600/4)-12300-(700/7)-17200-(1300/1)-18500-(800/1)-19300.

IBPS RRB Office Assistant (Clerk) Allowances

  • Dearness Allowance – 75.9% of basic pay
  • House Rent Allowance – 7% of basic pay
  • Special Allowances – 7.75% of basic pay
  • Other Allowances such as:
    • Travel Allowance
    • Newspaper Allowance (INR 200 per month)
    • Medical Reimbursement (INR 2200 for Office Assistant)
    • Entertainment
    • Leased Accommodation
    • Miscellaneous

IBPS RRB Office Assistant (Clerk) Perks

  • Work pressure for employees working as IBPS RRB office assistants is less than other nationalized banks.
  • Usually, employees get home posting, which is a huge benefit.
  • There is a great opportunity for growth while working as an IBPS RRB office assistant.
  • IBPS RRB officers usually have fixed working hours.
IBPS RRB Career

IBPS RRB Officer Scale I Career Growth

After serving for a period of 2 years as a probationary officer or for 1 year as an office assistant, employees are eligible for the promotion. The promotion is based on the employee’s performance. Below mentioned are the posts offered to the IBPS RRB Scale I Officer after promotion.

  • IBPS RRB Officer Scale I (PO)
  • Assistant manager
  • Deputy Manager
  • Branch Manager
  • Senior Branch Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
IBPS RRB FAQs

IBPS RRB Salary Structure FAQs

Ques. What is the job profile of an employee working as an IBPS RRB Officer Scale I?

Ans. As an IBPS RRB PO, an employee has to do the following tasks:

  • Loan disbursement
  • Credit portfolio rating
  • Audit report preparation
  • NPA recovery
  • Public communication
  • Maintaining important files and data
  • Retail operations of the bank
  • Check the agricultural schemes and policies for the rural market.

Ques. How are candidates selected for the post of IBPS RRB office assistant post?

Ans. IBPS RRB office assistant recruitment is done on the basis of the candidate’s performance in the Common Written Exam (CWE) and Interview round.

Ques. What is the total annual salary of an IBPS RRB PO?

Ans. The total salary received by an employee working as an IBPS RRB PO ranges between INR 3,48,000 – INR 3,96,000 per year.

Ques. What is the minimum educational qualification required to apply for the post of IBPS RRB office assistant?

Ans. In order to be eligible to apply for the post of IBPS RRB Clerk, the candidate should have a graduate degree from a recognized institute, should have basic computer knowledge, and must be proficient in English.

*The article might have information for the previous academic years, please refer the official website of the exam.

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