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

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

ByAkash Mishra  |  Updated on: Aug 24, 2022
The candidates must be conversant of the IBPS PO salary to get the detailed knowledge of the job. Below, we have discussed IBPS PO salary in hand, basic pay, salary structure, allowances and perks, IBPS PO work profile, etc.
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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 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 into this profile, we are sharing complete details of the IBPS in-hand salary, Gross Salary, Job Profile, and career trajectory.

The candidates often are found apprehensive about the salary structure and the career. The apt and accurate knowledge of the IBPS PO salary and its components can assist the candidates in righteously assessing the profile and having realistic expectations for the salary. We have facilitated the candidates with the complete knowledge of the IBPS PO salary in hand, basic pay, and salary after the 11th bipartite agreement, promotion, and career growth, the complete information about the salary structure and other pertinents will lead you to an impeccable view of the job profile. 

IBPS PO Salary 2022

The Institute of Banking Personnel Selection offers a handsome salary package to 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.

There are numerous components of the salary structure that will guide the candidates in analyzing the work profile and numerous other pertinents associated with it. 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. The highly esteemed job profile along with the highly lucrative IBPS PO salary 2022 will assist the candidates in framing an apt and accurate strategy for the exam.

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. 

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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 2022 will assist the candidates in getting conversant with the complete details of the salary structure.

There are numerous components of the salary that cumulatively deducts or adds the amount. The table below presents a detailed view of the IBPS PO salary 2022 and the other details pertaining to it.

IBPS Bank PO Salary Structure in India
Basic Pay₹36,000
Special Allowance₹5,904
DA₹8593.20
CCA₹1400
DA and others₹1552.50
Learning Allowance₹600
HRA₹3240
Gross with HRA₹57,289.70
Deduction₹4659.32
Total IBPS PO salary₹52630.38

The pay scale is 23700 - (980 / 7) - 30560 - (1145 / 2) - 32850 - (1310 / 7) – 42020 including Rs. 980 is the annual increment that will add up to the IBPS PO salary and the Probationary Officers 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. This is the amount that is received by the Probationary Officers for their living and expenditures. The IBPS PO salary in hand is received by the Probationary Officers after numerous additions and deductions. The IBPS PO salary after the 11th bipartite settlement has also led to an increase in the in-hand salary structure.

The IBPS PO salary in hand is approximately ₹ 52000/-55000. 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 Probationary Officers of other banks. There are numerous allowances that the candidates recruited as Probationary Officers are entitled to. You can get the complete details of the components of the salary structure and trace your path of career.

It is essential for the candidates to serve a probation period of 2 years which 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 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 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 complete knowledge of the deductions, allowances, special allowances etc. Take a look at the salary slip to find the relevant details enlisted here. Get complete information on the additions and deductions in the IBPS PO salary to be able to have realistic expectations.

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

IBPS PO Salary After 11th Bipartite Settlement

There is a 15 percent hike in the IBPS PO salary after the release of the 11th bipartite agreement. Nearly 8.8 lakh employees would benefit as the 11th bipartite settlement was agreed upon and accepted. It has also introduced the concept of Performance-Linked incentives which motivates the candidates to put their best foot forward in achieving excellence.

Employees have received a 15% increment in their IBPS PO starting salary. The new salary is based on their previous basic pay + DA. The final settlement has been announced and this has led to a surge in the salary structure of the candidates.  After the increment, the candidates will be receiving a basic pay of ₹36,000 and a gross salary of ₹57,289.70.

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 centring on the allowances. The numerous allowances add up to the IBPS PO salary 2022. The culmination of all the factors surges the competition level of the exam as it attracts a myriad number of candidates towards the preparation and taking of the exam.

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 Salary & Perks

After gaining complete knowledge about the IBPS PO salary the candidates can have a look at the perks. Complete knowledge of the salary allowances and 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. The Probationary Officers are entitled to numerous perks and allowances. Along with the highly lucrative salary package, attractive perks play a determining role in attracting candidates to the job profile.

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 Rs 8000/- p.a.).

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

The detailed knowledge of the IBPS PO salary perks and allowances will assist the candidates in rightly analyzing their work profile efficiently and get complete details of the same. Here we have presented an illustrated view of the salary and the related perks to establish an impeccable view for the exam. The complete details have been presented here in the tabular format to assist the candidates in framing a well elucidated strategy.

IBPS PO salary special allowance₹ 5904
Dearness Allowance₹ 8593.20
City Compensatory Allowance₹ 1400
House Rent Allowance₹ 3240
Gross with HRA₹ 38,703.38
Entertainment₹ 500
Newspaper₹ 300
Petrol₹ 3000
Telephone₹ 400
Canteen subsidy₹ 400
Pension Contribution₹ 25000
Deduction₹ 4659.32

IBPS PO Salary Increments

The IBPS PO receive salary increments at regular intervals, which leads to a surge in their salary structure. You can note the increase in the IBPS PO salary and get enlightened about the complete details of the structure. The subsequent increments in the salary structure are a motivating factor for the candidates recruited for different banks.

IBPS PO Salary Increment
IBPS PO salary after 1st increment₹ 32850
IBPS PO salary after 2nd increment₹ 42020

IBPS PO Job Profile

The candidates must have an in-depth knowledge of the IBPS PO job profile to be able to examine the upcoming roles and responsibilities efficiently. You can develop the skills to be able to pursue the tasks with ease and efficiency.

During the probation period, the candidates will be trained in handling and managing all the related work. Be wholly cognizant of the related work profile by taking a look at the understated IBPS PO job profile. The candidates must be proficient and possess the ability to pursue the concerned tasks with efficiency. The IBPS PO are recruited as Junior Management Grade Scale I or JMGS-I.

  • Handling numerous activities of the bank and possessing the qualities of multitasking.
  • Possessing knowledge of Marketing, Accounting, Finance etc.
  • Guiding the customers about the facilities of banking such as Cheque books, Demand Draft etc.
  • Addressing customer complaints and grievances.
  • Supervising the tasks and work done by the Clerks.
  • The documentation of the loan processing and other related tasks.

IBPS PO Participating Banks

You can check the list of the IBPS PO participating banks and be aware of it before filling up the application form. The bank preference can be based on several factors. Check the list of participating banks and be able to gain insights into the recruitment process.

IBPS PO Exam- List of Participating Banks
Allahabad BankAndhra Bank
Bank of BarodaBank of India
Oriental Bank of CommerceUnited Bank of India
Bank of MaharashtraCanara Bank
Central Bank of IndiaCorporation Bank
Indian BankIndian Overseas Bank
Punjab National BankPunjab & Sind Bank
Syndicate BankUCO Bank
Union Bank of India

IBPS PO Promotion

The Institute of Banking Personnel Selection offers a remarkable opportunity for eligible, competent candidates to get promoted to 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 Probationary Officers in the IBPS. Trace the path of your career and the chances of getting promoted to higher levels to take up higher responsibilities.

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 with the chance of seeing different parts of the country. The candidates must have an ingrained knowledge of the factors to be able to gain higher positions in the job.

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. The hard-working, eligible, and competent candidates will have a higher degree of probability of getting promoted to higher levels of the job and taking on higher roles and responsibilities. Take a look at the hierarchy of the posts mentioned here to gain insights into the job 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)

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Important Links:

IBPS PO 2022IBPS 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 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.

    IBPS PO 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 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  ₹ 52000/-55000, they receive the allowances such as House Rent Allowance, City Compensatory Allowance, Dearness Allowance etc. The IBPS PO salary has been increased after the 11th bipartite settlement.

  • 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 of 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.

  • The candidates recruited as Probationary Officers will be receiving a higher IBPS PO salary and all the other details pertaining to the salary structure to get ahead in the selection process. The IBPS PO pay scale is 23700 - (980 / 7) - 30560 - (1145 / 2) - 32850 - (1310 / 7) – 42020. Detailed knowledge of the salary structure will assist the candidates in having realistic expectations and accurate knowledge of the work profile.

  • The IBPS PO salary after the 11th bipartite agreement led to a surge in the salary of the Probationary Officers by 15%. The in hand salary received by the Probationary Officers has also witnessed a surge. 

  • The in hand salary is the amount received by the candidates after the gross deductions and additions in hand for their living and expenditures. The candidates can get complete knowledge of the IBPS PO in hand salary to be able to proceed ahead in the selection process. The IBPS PO salary in hand received by the candidates is ₹ 52000/-55000.  The candidates must be in possession of the complete knowledge centring around salary to be able to analyze the job profile accurately and have realistic expectations for the job.

  • The IBPS PO salary slip comprises all the details of the components of the salary such as Dearness Allowances, and House Rent Allowance. It presents a vivid depiction of the salary structure and gross deductions and additions. You must be wholly cognizant of the salary structure to be able to get ahead in the recruitment process.

  • The candidates must be conversant with the house rent allowance received by the Probationary Officers. The HRA varies according to the place of posting for the candidates. You must be in possession of the complete details of the IBPS PO salary to be able to get through the selection process with ease. The numerous allowances and perks add up to the attraction of the job profile and henceforth pose immense competition.

  • The complete knowledge of the IBPS PO salary will assist the candidates in framing an effective and efficient strategy to move ahead in the exam. The salary of the clerk is  ₹ 19,900/-  and the IBPS PO salary is 36,000. Henceforth, the Probationary Officers receive a higher level of IBPS PO salary than the Clerks.

  • The IBPS PO salary is composed of various additions and deductions that in total comprise in hand salary. In total ₹ 4659.32 is deducted from the total salary for various allowances and perks such as pension contribution, canteen subsidy, telephone, petrol, newspaper etc.

  • Yes, the Probationary Officers are entitled to receive salary increments at regular intervals. The increments in the IBPS PO salary lead to a surge in the amount. The IBPS PO salary after 1st increment is ₹ 32850. The salary after the second increment is ₹ 42020

  • The IBPS PO salary receives an equivalent salary to other bank PO. The lucrative salary structure enchants the candidates and fuels motivation. Along with the handsome IBPS PO salary structure, they are also entitled to allowances and perks.

  • Competent and eligible candidates can get promoted to higher levels of the firm holding higher roles and responsibilities. You can get promoted to the level of Chairman and Managing Director.

  • The highly lucrative IBPS PO salary structure will assist the candidates in tracing their career path. They are also entitled to receive increments on regular basis. The basic pay of the IBPS PO is ₹36,000. Along with the salary structure they will also receive other allowances, perks and benefits.

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