IBPS PO Salary 2017–2018 HIKE In Probationary Officer Pay Scale Structure, Allowances After Wage Revision

IBPS PO Salary

Institute of banking personnel selection executes CWE in order to provide employment opportunity for probationary officer post. If you are looking up for IBPS PO Salary, hike conditions In Probationary Officer Pay Scale Structure & Allowances after Wage Revision then get here all necessary and updated information. Candidates can get the complete IBPS PO Salary 2017–2018 along with perks etc. from this page.

CWE for different Private and Public Sector banks in order to select the most suitable and skilled aspirants to fill different position such as Clerk, PO, and Specialist post…. Most of the generation attempt examinations several times to brighten up their career in banking sector….. If you’re having a query in your mind regarding IBPS PO Salary, pay structure and other allowances, then here is all the information. So stay connected with us…

IBPS PO Salary

IBPS PO Salary Structure:

Pays Monthly Salary Yearly Salary
Basic Pay 23,700 2,84,400
Special Allowance 1836.75 22041
DA 10,700 1,28,399
CCA 870 10440
Transport Allowance 0 0
Total (without HRA) 37,107
HRA 2133 25596
Gross with HRA 39,240
Medical Aid 8000
Entertainment 500 6000
Newspaper 300 3600
Petrol 3000 36000
Telephone 400 4800
Canteen Subsidy 400 4800
Pension Contribution 2500 30000
Gross Annual CTC (with HRA but without leased accommodation) 5,64,076

 Press To Know: Bank PO Salary

IBPS Bank PO Salary and Allowances:

Dearness Allowance (DA)

DA allowance is that allowance which is given by the government for cost of living. this allowance is given to those candidates who are appointed as a Probationary officer in all govt and public sector. This allowance is revised after three months and based on Consumer Price Index.

House Rent Allowance

HRA is that allowance which is given according to the place of posting. the percentage of HRA is fluctuating accordingly. In Metropolitan Cities, candidates will get the HRA 9% for population more than of 12 lakhs and More than of 5 lakhs 7.5% and 7 % for other cities.

City Compensatory Allowance

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

Find Out More: Bank Jobs

IBPS PO Pay in Metro Cities

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/-

IBPS PO Pay in State Capital

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

PO Pay in 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 Pay (Excluding HRA) Rs. 28985.5/-
HRA 8.5%; 7.5%; 6.5%* Rs. 942.50/-
Total Salary (Including HRA) Rs. 29927/-

PO Salary after 10th Bipartite Settlement

Increment (Percentage) % Basic Pay Gross Pay
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/-

Read Here To Know: Career In Banking Sector

What Will Be Revised Salary After 10th Bipartite Settlement?

Candidates can collect the inclusive & epigrammatic analysis of the IBPS PO Salary After Revision:

  • Expected increment will be minimum 20% to this basic pay.
  • Bank agrees for 20% increment which denotes the final Basic Pay will be Rs.27, 866.
  • On 25% increment, final Basic Pay will be Rs.29, 026. and the total Gross Salary will be Rs. 40,288/-
  • On 30% increment, Final Basic Pay will be Rs. 30,187. So, total Gross Salary of Bank fresher Probationary Officer (PO) will be Rs. 41, 899/-

Career Progression for Probationary Officers in Banking Sector with Salary:

Posts Name Amount
Junior Management Grade – Scale I: Officer i.e. PO Rs. 23700 – 42020/-
Middle Management Grade – Scale II: Manager Rs. 31705 – 45950/-
Middle Management Grade – Scale III: Senior Manager Rs. 42020 – 51490/-
Senior Management Grade – Scale IV: Chief Manager Rs. 50030 – 59170/-
Senior Management Grade Scale V: Assistant General Manager Rs. 59170 – 66070/-
Top Management Grade Scale VI: Deputy General Manager Rs. 68680 – 76520/-
Top Management Grade Scale VII: General Manager Rs. 76520 – 85000/-
Executive Director (ED) Approx 1.5 + lack
Chairperson and Managing Director (CMD) Approx 2 + lack

Checkout Here: Main Reasons Behind Your Unemployment

IBPS Probationary Officer Pay Scale on Promotion:

Scale I 23700/- 980/ – 30560/-
Scale II 31705/- 1145/ – 32850/-
Scale III 42020/- 1310/ – 48570/-
Scale IV 50030/- 1460/ – 55870/-
Scale V 59170/- 1650/ – 62470/-
Scale VI 68680/- 1960/ – 76520/-
Scale VII 76520/- 2120/ – 85000/-

Remember Important Note:

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