IBPS PO Salary The candidates chosen as candidates for the IBPS PO post is assigned to Junior Management Grade Scale (JMGS-I) job. Starting out the position, IBPS PO Salary is approximately Rs 36000. IBPS PO salary is about 36000 dollars as well as different allowances. Candidates can look over all pay scales for the IBPS PO information here. This will help them find out if the job is in line with the requirements.
The amount of compensation IBPS PO receives is determined by the Bipartite Agreement signed between IBPS and the Indian Banks’ Association alongside Bank employees. The most recent, known as the 12th Bipartite Settlement, was approved by both organizations on March 12, 2024. In accordance with the agreement it will result in an increment of 17% for basic pay of the Basis Pay for bank PO. In addition, other compensatory elements will see adjustments that are in accordance with this increase.
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IBPS PO Salary & Allowances A Comprehensive Overview
| Recruitment Agency | Institute of Banking Personnel Selection (IBPS) |
| Post Name | Probationary Officer (Bank PO) |
| Starting Basic Pay | Rs 36000 (per month) |
| Allowances | DA, HRA, CCA, LTC, etc |
| Official Website | ibps.in |
IBPS Professional Officer Salary Structure
The pay package of IBPS PO consists of multiple components which can be reduced or increased in the sum total. The compensation framework covers many details such as an initial salary of base, the Special Allowance and Dearness Allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA) as well as the Learning Allowance and many more. See the table below for a complete list of details.
| Specifics | Amount (INR) | Actuals (INR) |
|---|---|---|
| Basic pay | 36000 | 36, 000 |
| HRA | 7-9% of the basic pay | 3240 |
| DA | 23.87 percent of Basic Pay | 8593 |
| Special Allowance | 7.75 percent of the base pay | 5904 |
| CCA/LOC A | 3or 4 percent (depending on the location of posting) | 1400 |
| DA Others | 1552 | 1552 |
| Learning Allowance | 600 | 600 |
| Contribution of NPS | 4459 | -4459 |
| Professional Tax | 200 | -200 |
| Gross Salary | 57289 | 52630 |
| Hand Salary | 52630 | 52630 |
IBPS PO Career Progression and Promotion Opportunities
The system of career advancement based on performance operates within the public sector banks following the standard promotion rules which are provided through the Finance Ministry. Promotions are usually achieved via two routes directly merit or regular advancement. The advancement for those starting in the position of IBPS Probationary officers in the Junior Management Grade Scale I usually get to the Manager level in the middle of the Management Grade Scale-2 and Senior Manager in the Middle Management Grade Scale-3. The roles are later opened for more senior positions like Chief Manager, AGM, DGM, General Manager, etc.
IBPS PO Job Profile
The essential responsibilities of the Probationary Officer (PO) of the Institute of Banking Personnel Selection (IBPS) include a broad array of duties required to ensure the effective management of banks. In the initial phase of their training, POs are equipped with the necessary knowledge and abilities to handle diverse banking operations, which include but not only financial, accounting, investment as well as the administration of billing and revenue. They play an important role in dealing with problems with customers, as well as overseeing the operations of their branch and in ensuring the smooth running of the branch. A part of their duties includes:
Address any concerns or complaints to the authorities in charge.
Attracting new businesses.
Monitoring daily transactions and loan procedures.
Maintaining a positive relationship with bank’s customers.