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IBPS PO Salary Structure 2018 After 11th Bipartite Settlement, CTC, Perks

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IBPS PO Salary  

IBPS PO Salary Structure 2018: If you want to make a career in Banking Sector as PO, it’s better to know about IBPS PO Salary and Perks / Allowances etc. Probationary Officer is a starting level Post of an officer in a Bank.

Contenders should know that what will be the IBPS PO 2018 Salary after 11th Bipartite Settlement. IBPS PO Pay Scale may differ based on the bank policies of IBPS PO Participating Banks.

Salary of IBPS PO!!!

With rising popularity of Banking Jobs in India, Probationary Officer Position is the first preference of every applicant. Contenders can check IBPS PO Salary Structure first before applying for IBPS PO Recruitment.

Applicants will get basis IBPS PO Pay Scale of Rs. 23700/-. To get the further information about IBPS Probationary Officer Salary, CTC etc, aspirants need to scroll down the page which is well prepared by the team of www.privatejobshub.in

IBPS PO Salary

IBPS PO Salary Structure:

IBPS PO Salary After Wage Revision:

Particulars
IBPS PO Salary in Rs.
Basic Pay
23700.00
Special Allowance
1836.75
DA
10163.63
CCA
870 
Transport Allowance
– 
Total (without HRA)
36570.38
HRA 
2133.00
Gross with HRA
38703.38
Medical Aid
8000
Entertainment
500
Newspaper
300
Petrol
3000
Telephone
400
Canteen Subsidy
400
Pension Contribution
2500
Gross Annual CTC (with HRA but without leased accommodation)
5,57,640.52


IBPS PO CTC:

CTC stands for Cost to Company and is a term for total IBPS PO Salary Package of an employee, used in countries such as India and South Africa. IBPS PO Salary CTC indicates the total amount of operating expense an employer (organization) spends on an employee during 01 year.

CTC is measured by adding salary to the cost of all additional benefits an employee receives during the service period. If an employee's salary is Rs. 50,000 and the organization pays an additional Rs.5, 000 for their health insurance.

Check out Complete Information: IBPS PO/MT Application Form

IBPS PO Salary after 11th Bipartite Settlement:

The expected increment in remuneration of Probationary Officers after the permission of IBA (Indian Bank’s Association) is available below; take a look for IBPS PO Salary Structure after 11th Bipartite Settlement:

Increment (Percentage) %
IBPS PO Salary Scale (Basic)
Gross IBPS PO 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/-


IBPS PO Salary and Perks:

Applicants can check the below given IBPS PO Perks: Must have a look for IBPS PO Allowances and IBPS PO Salary Structure!!!

Dearness Allowance (DA): DA is paid to all the government and public sector Probationary officers and it is generally a cost of living of adjustment allowance. This facility is revised after 3 months and it depends upon Consumer Price Index (CPI).

HRA: HRA is basically based on the place of posting, and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting for IBPS PO Salary.

CCA: CCA is based on the place of posting and can either be 4% (maximum Rs.870/-) or 3% (Maximum Rs.600/-) or 0%.

Medical Aid: Aspirants will receive Rs.8000/- per annum from the organization for Medical Aid expenses. Although a stationary monthly amount is paid to the PO towards the cost of one newspaper.

Travelling AllowanceAlmost every bank pays a fixed amount for Traveling expenses and compensation of petrol bills. Special Allowance, Conveyance Allowance and Leased Accommodation are some other allowances along with IBPS PO Salary which a Probationary Officer gets by the organization.

Download Here:
IBPS PO Salary Structure in Metro Cities:

The complete remuneration details of Institute of Banking Personnel Selection PO is given in the below table, the Probationary Officer receives total amount of Rs. 30758/- as monthly salary in hand.

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




Career Progression for Probationary Officers in Banking Sector with Salary:

The IBPS PO Salary Structure is same in many big cities like Madhya Pradesh, Mumbai, Jharkhand, Hyderabad, Jaipur, Kolkata, Himachal Pradesh, Andhra Pradesh, Karnataka, Assam, Bihar, Delhi, Gujarat, Odisha, Haryana, Kerala, Punjab etc.

Posts Name
IBPS PO Salary Structure
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 + lacs
Chairperson and Managing Director (CMD)
Approx 2 + lacs

Advantages of Being an IBPS PO:

The Probationary Officer and his family will get free medical care and travelling expenses. The main advantage of this profession is surety of job as he will not lose his job until their retirement and after that he will receive some amount of his salary as pension. In India, State Bank of India is better as compared to other banks which give more benefits and allowances to their employees.


IBPS PO/ MT Salary: FAQs

Question 1: What will be the expected IBPS PO Revised Salary after the latest revision?

Answer: Expected IBPS PO Salary Structure will be around Rs. 57000/- gross.

Question 2: What is the IBPS PO Salary, and what are the special facilities he gets as an employee of? OR What are the facilities provide for IBPS PO?

Answer: You can check latest IBPS Probationary Officer Salary at above table. And he gets different types of facilities like
  • Leased House Accommodation = Rs.8000/- to Rs. 30000/-
  • Traveling Allowances = AC- 2 tier train fare for all your official travels.
  • Medical Insurance = 100% medical cover (75% for family)
  • Monthly perks = Rs. 7000/- (petrol, conveyance, entertainment, house rent, phone bills, books etc.)
  • Loans = Two wheelers and four-wheeler loans at a minimum interest rate.
  • Furniture Allowance = Rs. 12000/- etc.
Final Words:

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