IBPS PO Salary 2022: In Hand Salary, Salary Slip, Pay Scale, Perks

IBPS PO Salary 2022: In Hand Salary, Salary Slip, Pay Scale, Perks

ByAkash Mishra  |  Updated on: May 5, 2022The candidates must be conversant of the IBPS PO salary to get the detailed knowledge of the job. Below, we have discussed IBPS PO basic pay, salary structure, allowances and perks, IBPS PO work profile, etc.
The candidates must be conversant of the IBPS PO salary to get the detailed knowledge of the job. Below, we have discussed IBPS PO basic pay, salary structure, allowances and perks, IBPS PO work profile, etc.
Sign up for Free Mock Test

The candidates must be conversant with the IBPS PO salary 2022 to get the complete details of the job and have realistic expectations. The Institute of Banking Personnel Selection offers a lucrative IBPS PO salary to the candidates getting recruited as the Probationary Officers. It is a highly reputable job profile, and along with the attractive IBPS PO salary structure, they are also entitled to numerous allowances and perks.

The complete knowledge of the IBPS PO promotion and career growth will assist the candidates in analyzing the path of their careers and the chances of advancing to higher positions in the organization. You can also check the upcoming roles and responsibilities to rightly analyze the work associated with the job.

IBPS PO salary 2022 details are enclosed along with the recruitment notification rolled out yearly by the Institute of Banking Personnel Selection.  To help you with the insight of this profile, we are sharing complete details of the IBPS in-hand salary, Gross Salary, Job Profile, and career trajectory.

IBPS PO Salary 2022

The Institute of Banking Personnel Selection offers a handsome salary package to the Probationary Officers. Along with an attractive IBPS PO salary package they are also entitled to numerous perks and allowances that adds up to the fascination of the aspirants. It is essential for the candidates to get complete knowledge of the IBPS PO salary, as it not only fuels motivation in the candidates but also aids them in analyzing the job and the work profile.

Since, the job of Probationary Officer is considered one of the most sought jobs in the banking sector which is the main reason for the increase in competition. Thus, to secure a seat as a Bank PO, you need a lot of hard work and determination.

Scroll down below to know the detailed Bank PO salary structure along with its perks and allowances. Moreover, you will get to know the job profile, promotion, and career growth of a probationary officer. 

IBPS and SBI Course 2022

IBPS PO Salary Structure

There are various components of the IBPS PO salary structure that the candidates must be conversant with. It is essential for them to get detailed knowledge of the Dearness Allowance, City Compensatory Allowance, and Special Allowance. The basic details of the IBPS PO salary will assist the candidates in getting conversant with the complete details of the salary structure. 

IBPS Bank PO Salary Structure in India
Basic Pay23,700
Special Allowance1,836.75
DA10,163.63
CCA870
Total (without HRA)36,570.38
HRA2,133.00
Gross with HRA38,703.38

The IBPS PO pay scale is 23700 - (980 / 7) - 30560 - (1145 / 2) - 32850 - (1310 / 7) – 42020 including Rs. 980 is the annual increment that IBPS PO will get and it will be applicable for a period of 7 years.

The revised basic IBPS PO salary is ₹ 23700 - (980 x 7) - 30560 - (1145 x 2) - 32850 - (1310 x 7) – 42020, it means basic IBPS salary after 7 Years - ₹ 30,560. Also, the basic salary of IBPS PO after 7 + 2 Years - ₹ 32,850 Basic Salary of IBPS PO after 7 + 2 + 7 Years - ₹ 42,020. (as per 10th Bipartite settlement).

IBPS PO In-Hand Salary

The candidates are often curious about the IBPS PO in-hand salary and the promotion. The in-hand salary of the IBPS PO is approximately ₹ 42000/-44000. The salary also varies according to different banks and places of posting. The salary received by the IBPS PO is equivalent to the salary received by the PO of other banks.

It is essential for the candidates to serve a probation period of 2 years where they will be trained for all the upcoming roles and responsibilities. They will learn to pursue their tasks efficiently and effectively.  An employee is eligible for increments during his/her probation. After completing of probation periods as mentioned by the bank, candidates start working as Probationary officers. Capable and competent employees based on their performance can step up to the higher posts in the organization.

IBPS PO Salary Slip

The IBPS PO salary slip contains all the cumulative information about gross pay, net pay, total deductions, and detailed structure. We have enclosed the IBPS PO salary slip, take a look to get the complete knowledge of the deductions, allowances, special allowances etc. 

IBPS PO Salary 2021 - Check In-Hand Salary and Allowances Here!

IBPS PO Salary after 11th Bipartite Settlement

Wage revision for bank employees is due from November 2017 under the 11th bipartite settlement, which would span five years till 2022. Nearly 8.8 lakh employees would benefit if the 11th bipartite settlement is agreed upon and accepted.

Employees are seeking a 15% increment in their IBPS PO starting salary. New salary would be based on their present basic pay + DA. The final settlement is yet to be announced within 90 days.

IBPS PO Allowances 2022

Along with a lucrative IBPS PO salary structure, they are also entitled to numerous allowances that in accumulation make the job profile even more attractive. You can look into the detailed information about the allowances received by the IBPS PO and get well versed with all the knowledge centering on the allowances. 

1. Dearness Allowance (DA): In Banks, DA is revised quarterly and is based on the CPI data as revealed by the Government of India.

At present, DA is 75.9% of the basic pay.

2. Special Allowance: According to IBPS PO's Latest Revision, a special allowance has been added to the salary structure of the Bank Probationary Officer.

And it is 7.75% of the Basic Pay.

3. House Rent Allowance: This varies according to the Bank Probationary Officer’s place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities, and other locations.

4. City Compensatory Allowance: This also depends on the place of posting and can be either 4% or 3 % or 0%.

IBPS PO Salary Allowances 
Dearness Allowance (DA)75.9% of the basic pay. It has been increased by 1.4. DA is revised after every 3 months.
House Rent Allowance (HRA)

7% of basic pay

Special Allowances (SA)7.75% of the basic pay. 
Other Allowances (Depends on Bank to the bank)
  • Travel Allowance 
  • Newspaper Allowance 
  • Medical Reimbursement 
  • entertainment 
  • Leased Accommodation
  • Other Miscellaneous

IBPS PO Perks

After gaining complete knowledge about the IBPS PO salary the candidates can have a look at the perks. The complete knowledge of the salary allowances and IBPS PO perks will enable the candidates to have a crystal clear picture of the job. Here we have furnished the complete list of the IBPS PO perks that are received by the Probationary Officers. 

1. Leased Accommodation:  this facility is available to PO in place of HRA. In some places, banks provide Official Bank Accommodation/Bank Quarter as leased accommodation. This amount is not available as a cash component and will directly go to the house owner - you have got leased.

2. Travelling Allowance: Few banks provide fixed Traveling Allowance whereas others allow reimbursement of petrol bills i.e. Bank officers must own scooter/car at the place of posting.

3. Newspaper Reimbursement: A fixed monthly amount is paid towards the cost of one newspaper to the Probationary Officer.

4. Medical Aid: A fixed annual amount is paid by most of the banks (The revised amount is Rs8000/- p.a.).

5. Benefits under NPS (10% of basic pay+DA is deducted)

IBPS PO Promotion

The Probationary Officers in the Institute of Banking Personnel Selection offer eligible, competent candidates to get promoted to the higher levels of the organization. There is a well-defined career progression path in each public sector bank. Performance and potential are key elements that determine the career progression of the Probationary Officers in the IBPS. 

In tune with the time banks have reviewed their promotion policy and now for bright, hardworking, and knowledgeable employees, it takes less time to move to higher scales. In many banks, a person who joined as an IBPS PO may reach the position of General Manager in 14 years. After that one can aspire for the position of the executive director or chairman of a bank. These are very high positions, nomination to which is decided by the Government and not by the individual banks.

Many public sector banks have a network of foreign branches. Thus, joining a public sector bank gives you the opportunity of working abroad also. Transferability in a bank job provides you the chance of seeing different parts of the country.

IBPS PO Career Growth

The Institute of Banking Personnel Selection offers myriad chances for candidates to progress and step up to a higher level in their careers. You can take a look at the hierarchy of posts here to get the complete details about the IBPS PO career growth and analyze the work profile.

  1. Junior Management Grade – Scale I: Officer i.e. PO
  2. Middle Management Grade – Scale II: Manager
  3. Middle Management Grade – Scale III: Senior Manager
  4. Senior Management Grade – Scale IV: Chief Manager
  5. Senior Management Grade Scale V: Assistant General Manager
  6. Top Management Grade Scale VI: Deputy General Manager
  7. Top Management Grade Scale VII: General Manager
  8. Executive Director (ED)
  9. Chairman and Managing Director (CMD)

Important Links:

IBPS PO Notification 2022 PDFIBPS PO Vacancy 2022
IBPS PO Eligibility CriteriaIBPS PO Apply Online
IBPS PO SalaryIBPS PO Job Profile
IBPS PO SyllabusIBPS PO Cut Off
IBPS PO Question PapersIBPS PO Selection Process
IBPS PO Preparation BooksIBPS PO Study Material
IBPS PO Mock Test IBPS PO Online Coaching

This was all about IBPS PO in-hand salary and gross salary details with other benefits, career growth, and job profile. We hope this article will help you resolve all your queries regarding the salary structure of IBPS PO.

IBPS PO Salary FAQs

  • The lucrative IBPS PO salary in cumulation with numerous allowances received by the candidates can serve as a major attraction for the candidates. It is essential for them to get detailed knowledge of the IBPS PO salary and the perks of having a crystal clear picture of the job profile. Salary acts as one of the deciding factors in aspirants life for choosing a career pathway. It is a must for an applicant to remember that IBPS PO salary won't remain the same for throughout your official tenure. Yow will receive timely and as well as lucrative promotions and as well as bonuses. The basic IBPS PO salary is 23700 - (980 / 7) - 30560 - (1145 / 2) - 32850 - (1310 / 7) – 42020. The salary and its basic components may vary; as it depends on cities and their expenditure. The IBPS PO in-hand salary is approximately ₹ 42000/-44000, they receive the allowances such as House Rent Allowance, City Compensatory Allowance, Dearness Allowance etc.

  • The lucrative IBPS PO salary along with the numerous allowances add up to the fascination of the job profile. You can take a look at the allowances entitled to the Probationary Officers in the IBPS. Check the list of the allowances received by the IBPS PO:

    • Dearness Allowance (DA)
    • House Rent Allowance (HRA)
    • Special Allowance
    • City Compensatory Allowance
    • Travel allowance
    • Newspaper Reimbursement
    •  Medical Aid
  • One of the great perks of working in IBPS is that if you will work hard your hard work will be recognized and you will be applicable for various forms of promotions. An IBPS PO is entitled to receive the following promotions in his career:

    1. Junior Management Grade – Scale I: Officer i.e. PO
    2. Middle Management Grade – Scale II: Manager
    3. Middle Management Grade – Scale III: Senior Manager
    4. Senior Management Grade – Scale IV: Chief Manager
    5. Senior Management Grade Scale V: Assistant General Manager
    6. Top Management Grade Scale VI: Deputy General Manager
    7. Top Management Grade Scale VII: General Manager
    8. Executive Director (ED)
    9. Chairman and Managing Director (CMD)
  • Once you have been appointed as an IBPS PO, you will be kept under probation for a period of 2 years. But please note your probation period can be increased as per your work and your performance. It is completely in your employer's hands and you will be judged according to their parameters only. So make sure to put your best foot forward and work hard to showcase your talent as it can also affect your future promotions.

  • Yes, but only after completing the probation period successfully as directed by IBPS. Also, if found guilty in any unsaid and criminal activities you can be suspended without prior notice. It is crucial for the candidates to read all terms and conditions to be aware of any blunder.

PO, Clerk, SO, Insurance

BankingIBPS POIBPS ClerkSBI POIBPS SOSBI ClerkRBIRRBLICESICNainital BankOtherQuick LinkMock Test