Wednesday, 8 February 2017

IBPS PO Salary 2017 Structure, Pay Scale After Revision, Package

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IBPS PO Salary

IBPS PO Salary 2017: Enormous Increment in IBPS PO Salary This Year: Let’s Check IBPS PO Pay Scale after Revision from This Page: Institute of Banking Personnel Selection releases recruitment notification every year for selection to Probationary Officers Post. So, candidates if you are going to apply for Probationary Officers Post first you should know the IBPS PO Salary Structure. Bank PO’s salary or Bank Probationary officer’s starting pay scale in most of public sector banks and even in some private banks is same. Candidates can get the complete IBPS PO Salary Package from this page. 

This Page Includes:
  • IBPS Probationary Officers Remuneration
  • IBPS PO Allowances
IBPS PO Salary
In addition to Basic Pay, Probationary Officers are eligible for Dearness Allowance, HRA, Special Allowance, CCA and Conveyance Allowance etc. Salary structure of bank employees is revised and incremented as per IBA 10 Bipartite Settlement. Candidates may get the complete details regarding IBPS Probationary Officers Salary from the below section of this page which is written by the team members of privatejobshub.in

IBPS PO Salary

For Metro Cities:

Basic Pay
Rs. 14500/-
Dearness Allowance @99.9%
Rs. 14485.5
CCA (3% to 4% Max. Rs540/-)
Rs. 540.00
Total Salary (Excluding HRA)
Rs. 29525.5
HRA 8.5%; 7.5%; 6.5%*
Rs. 1232.50
Total Salary (Including HRA)
Rs.30758/-

For State Capital:

Basic Pay
Rs. 14500/-
Dearness Allowance @99.9%
Rs. 14485.5
CCA (3% to 4% Max. Rs540/-)
Rs. 375.00
Total Salary (Excluding HRA)
Rs.29360.5
HRA 8.5%; 7.5%; 6.5%*
Rs.1087.50
Total Salary (Including HRA)
Rs.30448/-

For District Level and Rural Level:

Basic Pay
Rs. 14500/-
Dearness Allowance @99.9%
Rs. 14485.5
CCA (3% to 4% Max. Rs540/-)
Rs. 0.00
Total Salary (Excluding HRA)
Rs.28985.5
HRA 8.5%; 7.5%; 6.5%*
Rs.942.50
Total Salary (Including HRA)
Rs.29927/-

Check out Complete Information: IBPS PO/MT Application Form

IBPS PO Pay Scale After 10th Bipartite:
  • In the revised IBPS PO salary agreement, the basic pay has been revised by merging 60.15 percent of the Daily Allowance in to the current basic pay and then the expected hike or increment is added on the whole amount. (Current basic + 60. 15 percent of current basic).
  • In lieu of the HRA, most of the banks allow to take leased accommodation, the amount of which varies from bank to bank and also depends on the place of posting.
  • Also, the salary cash component of Bank PO in Public Sector banks is around Rs. 37100 pm, whereas in SBI, the initial cash component salary of SBI PO is around 43000 pm including HRA.
Increment (Percentage) %
Basic Pay
Gross Salary
15 %
Rs.26,706/-
Rs.37,068/-
20 %
Rs.27,866/-
Rs.38678/-
25 %
Rs.29,026/-
Rs.40,288/-
30 %
Rs.30,187/-
Rs.41,899/-

Basic Pay
Rs 14500 (Now)
Rs 26705 (Merged 60.15 % of DA in to current Basic Pay) (Revised)
House Rent Allowance
Rs 942.5 (6.5% Of Basic Pay) (Now)
Rs 1996.2 (7.475 % of Basic Pay) (Revised)
Dearness Allowance
Rs 15921 (109.8% of Basic Pay)(Now)
Rs 8839.36 (33.1% of Basic Pay) (Revised)
Total
Rs 31364- (Now)
Rs 37541 (Revised)
NPS Contribution
Rs 3042.1 (Now),  Rs.3554.44 (Revised)
Cash In Hand
Rs 28321 (Now)
Rs 33986 (Revised)

Career Progression for Probationary Officers in Banking Sector with Salary:

Posts Name
Pay Scale
Junior Management Grade – Scale I: Officer
Rs. 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Middle Management Grade – Scale II: Manager
Rs. 31705 -1145 -32850 -1310 -45950
Middle Management Grade – Scale III: Senior Manager
Rs. 42020 -1310 -48570 -1460 -51490
Senior Management Grade – Scale IV: Chief Manager
Rs. 50030 -1460 -55870 -1650 -59170
Senior Management Grade Scale V: Assistant General Manager
Rs. 59170 -1650 -62470 -1800 -66070
Top Management Grade Scale VI: Deputy General Manager
Rs. 68680 -1960 -76520
Top Management Grade Scale VII: General Manager
Rs. 76520 -2120 -85000
Executive Director (ED)
Approx 1.5 + lac
 Chairperson and Managing Director (CMD)
Approx 2 + lac


IBPS Bank PO Allowances:
  • Dearness Allowance (DA): This is the cost of living adjustment incentive paid to all Government and Public Sector Probationary Officers. It is revised on a periodical basis and based on Consumer Price Index (CPI).
  • HRA: HRA depends on place of posting, and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.
  • Special Allowance: Special Allowance will add in 10th BPS and for Scale, I 7.75% on which DA is also payable.
  • CCA: This also depends on place of posting and can be either 4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%
  • Conveyance Allowance: Conveyance Allowance is paid for commuting between home and office.
  • Leased Accommodation: Leased Accommodation differs from bank to bank and depends upon the place of posting and some banks may offer official bank accommodation/ bank quarters instead of leased housing.
  • Travelling Allowance: Most of the banks give a fixed Traveling Allowance and reimbursement of petrol bills.
  • Medical Aid: An amount also attached for your medical needs (Revised price is Rs 8000/- per annum.
Candidates keep stay in touch with us for getting more details about IBPS PO Salary 2017. Candidates can subscribe our free email section for getting more details in your mail box. You can also join us through Facebook and Google Plus we will send you all information on your Facebook wall. You may also book mark our web portal that is www.privatejobshub.in for more current updates. So Stay tuned with us.

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