Monday, 4 July 2016

IBPS PO Salary 2016-2017 Structure, Pay Scale After Revision, Package

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IBPS PO Salary

IBPS PO Salary 2017: IBPS stands for Institute of Banking Personnel Selection and it conducts recruitment exam every year for selection to Post of PO. So, candidates may check the IBPS PO Salary from this page. Candidates who want to apply for IBPS PO they must have to know the complete salary package of Probationary Officer's after Revision. 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.
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 PO Salary 2016 from the below section of this page which is written by the team members of www.privatejobshub.in

Complete Information: IBPS PO Exam Notification 

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/-

Preparation Links

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.
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)

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