IBPS AFO Salary: In Hand Salary, Basic Pay, Job Profile

By BYJU'S Exam Prep

Updated on: September 25th, 2023

IBPS SO Agriculture Field Officer Salary is based on Scale 1. The monthly IBPS AFO salary is 23,700 INR. Therefore, IBPS AFO projected annual salary would be around INR 284,400. Candidates will also receive IBPS AFO perks and benefits along with basic pay.

Here, we have provided the detailed IBPS AFO Salary, Job Profile, and Career growth. Proper knowledge of the actual work culture, tasks to be undertaken, and the in-hand IBPS AFO salary will help the candidates reach a well-informed decision before applying for the recruitment process.


Candidates receive almost ₹ 33000-35000 as in-hand after all the deductions. Candidates selected for the position of Agriculture Field Officer (AFO) are compensated well, in addition to receiving a number of benefits and allowances. The starting salary for IBPS AFO is around 36,000 per month.

Candidates hired as Agriculture Field Officers (AFO) are compensated generously with a salary as well as benefits and allowances. IBPS AFO Officer Scale I’s Base Salary is ₹ 23,700. The table below provides a description of the IBPS AFO Salary Structure for the various posts.

Category IBPS AFO Salary
IBPS AFO Officer Scale I ₹ 36,400
IBPS AFO Officer Scale II ₹ 48,800
IBPS AFO Officer Scale III ₹ 64,600

IBPS AFO Salary Structure

The basic IBPS AFO Salary under JMGS (Junior Management Grade Scale – I) is on a similar scale as that of Probationary Officers, i.e. ₹ 23700-980(7)-30560-1145(2)-32850-1310(7)-42020. A candidate is eligible for the following perks and allowances after selection as Agriculture Field Officer in IBPS SO:

  • Basic Pay: It is the basic salary paid to the specialist officers excluding all the allowances and bonus components. As mentioned above, the basic pay of IBPS SO is ₹ 23700/-.
  • Dearness Allowance (DA): This is basically the cost of living out of the basic salary which the bank provides. At present, the amount of Dearness allowance is ₹ 8605.88/-.
  • House Rent Allowance (HRA): As the name suggests, HRA is the accommodation expense provided by, as per the city of residence of the employee. As per the place of posting, HRA varies at 9%, 8%, or 7%.
  • City Compensatory Allowance (CCA): CCA is provided to meet the high cost of living for employees working in metropolitan cities. Depending on the place of posting, CCA is usually 4%, 3%, or 0%.
  • Apart from the above components, employees also receive various allowances such as newspapers, Medical Coverage, Travel Allowance, Conveyance Allowance, Furniture Allowance, etc.

IBPS AFO Salary & Perks

In addition to the IBPS Agriculture Field Officer Salary, the public sector banks provide several benefits to applicants who are chosen through recruitment. Benefits and allowances are added to the base pay, and the final payment is made in cash to the employees. The House Rent Allowances (HRA) and City Compensatory Allowances are impacted by the posting’s location (CCA).

The allowances and their rates are listed in the table provided below.

Allowances Rate
Dearness Allowance ₹ 8605.88
House Rent Allowance 7-9%
City Compensatory Allowance 0-4%
Special Allowance 7-8%

IBPS SO Agricultural Officer Job Profile

It is important that you are well aware of the type of work you would need to perform after selection as an IBPS SO Agriculture Field Officer.

  • The Agriculture Field Officers are mainly responsible for the promotion of rural financing.
  • The role of SO is to disburse loans to farmers as well as others involved in the primary sector of the economy.
  • Apart from disbursal, the Agriculture Field officers are also responsible for the review of the agricultural loans.
  • As per the guidelines given by banks, agriculture officers are given the responsibility to promote the bank in rural areas so that the agricultural portfolio of the bank is promoted.
  • The agriculture officer makes sure that work progress is satisfactory, ensures that the farm is profitable & meets the financial targets.
  • Agricultural loans are classified under the priority sector, and hence managing them efficiently is crucial. An Agriculture Field Officer apart from reporting to the senior officials is also responsible for coordinating with other organizations working in the rural economy, such as NABARD and RRBs.

Responsibilities of IBPS AFO

Aspirants who have earned their bachelor’s degree in agriculture are in a good position since they are important to the banking industry and have a high possibility of promotion.

  • An AFO promotes the bank’s loan products in rural areas, particularly among farme₹
  • An AFO meets and maintains a good relationship with farmers and thereby generates Leads.
  • They conduct a pre-loan sanction inspection.
  • They follow up in case of recovery of loans.
  • They also ensure the proper recovery of loans and getting the acknowledgement of debt.

IBPS SO Agricultural Field Officer Career Growth Opportunities

After selection, a candidate receives various opportunities for promotions from the JMGS-I level. The career growth an IBPS SO Agriculture Field Officer progresses as mentioned below:

  • Junior Management Grade Scale – I (Officer)
  • Middle Management Grade Scale-II (Manager)
  • Middle Management Grade Scale – III (Senior Manager)
  • Senior Management Grade Scale – IV (Chief Manager)
  • Senior Management Grade Scale – V (Assistant General Manager)
  • Top Management Grade Scale – VI (Deputy General Manager)
  • Top Management Grade Scale – VII (General Manager)


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