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

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

ByAkash Mishra  |  Updated on: Jan 4, 2023
IBPS PO salary is disclosed by IBPS with various perks and benefits. Check IBPS PO salary structure, pay scale, pay after 11th bipartite settlement, and allowances here.
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The IBPS PO Salary comprises various components like grade pay, basic pay, and promotions and apart from these allowances from IBPS, candidates are also entitled to various other benefits. The candidates must be conversant with the IBPS PO salary 2022 to get the complete details of the job and have realistic expectations.

IBPS PO salary 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 have provided complete details of the IBPS PO salary in hand, basic pay, and salary after the 11th bipartite agreement, promotion, and career growth.

IBPS PO Salary 2022

The Institute of Banking Personnel Selection offers a lucrative salary to candidates 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.

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. 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

The basic details of the IBPS PO salary 2022 will assist the candidates in getting conversant with the complete details of the salary structure. Numerous components of the salary cumulatively deduct or add the amount. The table below presents a detailed view of the IBPS PO salary structure and its other details.

IBPS 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 it will be applicable for 7 years. The revised basic salary of an IBPS PO 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 the 10th Bipartite settlement).

IBPS PO In-Hand Salary

The candidates are often curious about the IBPS PO salary and the promotion. 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. 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. 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. 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 salary slip; take a look to get complete knowledge of the deductions, allowances, special allowances etc. The IBPS PO salary slip gives complete information on the additions and deductions in the IBPS PO salary to have realistic expectations.

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.

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

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.

  • 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.
  • 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.
  • Newspaper Reimbursement: A fixed monthly amount is paid towards the cost of one newspaper to the Probationary Officer.
  • Medical Aid: A fixed annual amount is paid by most of the banks (The revised amount is Rs 8000/- p.a.).
  • Benefits under NPS (10% of basic pay+DA is deducted)

IBPS PO Salary Increments

The IBPS PO salary increments are received 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 Promotion

The Institute of Banking Personnel Selection offers a remarkable opportunity for eligible, competent candidates to get promoted to higher levels of the organization. Performance and potential are key elements that determine the career progression of Probationary Officers in the IBPS. 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.

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.

  • Junior Management Grade – Scale I: Officer i.e. PO
  • 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
  • Executive Director (ED)
  • Chairman and Managing Director (CMD)
Important Links
IBPS PO 2022IBPS PO Vacancy 2022
IBPS PO Eligibility CriteriaIBPS PO Apply Online
IBPS PO SyllabusIBPS PO Cut Off
IBPS PO Question PapersIBPS PO Selection Process
IBPS PO Preparation BooksIBPS PO Study Material

IBPS PO Salary FAQs

  • An IBPS PO receives timely and lucrative promotions as well as bonuses. 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 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.

    • Dearness Allowance (DA)
    • House Rent Allowance (HRA)
    • Special Allowance
    • City Compensatory Allowance
    • Travel allowance
    • Newspaper Reimbursement
    • Medical Aid
  • An IBPS PO is entitled to receive the following promotions in his career:

    • Junior Management Grade – Scale I: Officer i.e. PO
    • 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
    • Executive Director (ED)
    • 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.

  • 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.

  • 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 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.

  • 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 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.

  • 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.

PO, Clerk, SO, Insurance

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