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IBPS PO Salary Structure 2018 Pay Scale After Wage Revision, Allowances

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IBPS PO Salary Structure

IBPS PO Salary Structure 2018: 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. 

After selection, Institute of Banking Personnel Selection will get impressive amount of salary to its employees along with heavy perks and allowances. So, applicants can check the IBPS PO Pay Scale After Wage Revision from below section of this page.

Probationary Officer (PO) is a starting level post of any officer in a bank. So, applicants will get the basis IBPS PO Pay Scale of Rs. 23700/-. To get the further information about IBPS Probationary Officer Salary Structure, aspirants need to scroll down the page which is well prepared by the team of www.privatejobshub.in

IBPS PO Salary Structure

IBPS PO Salary Structure After Wage Revision:

Particulars
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 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:

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

Check out Complete Information: IBPS PO/MT Application Form

IBPS PO Salary and Other Benefits:

Applicants can check the below given IBPS PO Pay Scale and Allowances: Must have a look for IBPS PO Allowances!!!

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.

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 Allowance: Almost 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 which a Probationary Officer gets by the organization.


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 2018 Pay Scale
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/-

Get Preparation Material:
Career Progression for Probationary Officers in Banking Sector with Salary:

The pay scale of IBPS Probationary Officers 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 2018 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 Salary Structure of IBPS PO 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.
Download Here: IBPS PO Previous Year Question Paper

Final Words:

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