IBPS PO Salary: What is the salary of IBPS Bank PO?

Orhan Wadia
Orhan Wadia - Editor
3 Min Read

IBPS Probationary Officer Salary 2024: The Institute of Banking Personnel Selection (IBPS) conducts the Probationary Officer (IBPS PO) exam every year to recruit candidates in public sector banks. Before preparing for IBPS PO, you should also know about its salary. The salary of candidates selected for the post of Probationary Officer is quite attractive. Candidates appointed to the post of IBPS PO get the salary of the post of Junior Management Grade Scale 1 or JMGS-I.

IBPS PO Salary in Hand 2024

The basic salary of IBPS PO is Rs 36,000. Apart from this, many types of allowances like DA, HRA, CCA, Special Allowance are also available.

​IBPS PO Salary Structure 2024

Apart from the salary, many types of allowances are also included in the salary. DA is 23.87 percent of the basic salary. That is, according to 36,000, it is about 8500. Apart from this, HRA is 7%-9% of the basic salary, CCA 3% or 4% (depending on the place of posting), DA other 1552 rupees, learning allowance 600 rupees, profession tax 200 rupees, NPS counts for 4459 rupees. On adding all these, the gross salary becomes 57,289 rupees. After deducting 4659 rupees, the total salary of a PO is 52,630 rupees.

​IBPS PO Allowances and Perks 2024

​IBPS PO Allowances and Perks 2024

Along with the IBPS PO salary, the candidate also gets many other benefits. These allowances are added to the IBPS PO salary. It includes dearness allowance, special allowance, HRA,
This includes city compensatory allowance, house rent, travel allowance, newspaper expenses and medical aid.

Bank PO Salary Increment Per Year

Bank PO Salary Increment Per Year

If we talk about increment along with the basic salary of PO, then on the basic salary of ₹36000, there will be an increase of Rs 980 every year for seven years. After that, on the basic salary of ₹42860, there will be an increase of Rs 1145 every year for 2 years. Similarly, there will be increment in future as well.

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