IBPS PO Salary 2023

IBPS PO Salary Structure: The Institute of Banking Personnel Selection has laid down the salary of IBPS PO in detail. As per official data, an IBPS PO gets a handsome salary along with a dozen of perks and benefits which in turn tempts the government job aspirants to apply for this job. The IBPS PO salary is one of the main driving forces for candidates appearing for the post. The IBPS PO salary is one of the major reasons for candidates to get into the banking domain apart from security, lucrative perks, and allowances. IBPS PO basic pay is Rs. 36,000 and the in-hand salary is Rs. 57,289. The candidates who are preparing for the IBPS PO 2023 must be curious about the IBPS PO Salary 2023. Check all the details about IBPS PO Salary, Job Profile, Career Growth, and Promotion Policy of  IBPS PO.

IBPS PO Salary Structure 2023

The IBPS PO 2023 Notification has been released on the official website @ibps.in. The appointed candidates for the IBPS PO post will be placed in the position of  Junior Management Grade Scale 1 or JMGS-I. The JMGS 1 term is generally used to refer to the officers who have just entered the Officer Cadre after promotion from the Clerical Cadre. A basic salary of Rs 36,000/- is paid to the IBPS Probationary Officer. Additionally, other allowances such as Dearness Allowance(DA), House Rent Allowance(HRA), City Compensatory Allowance (CCA), and Special Allowances are also there. Check the complete detail of IBPS PO Salary from here.

Type of Pay Amount
Basic Pay Rs 36,000/-
Special Allowances Rs. 5,904
Dearness Allowances Rs. 8,593.20
City Compensatory Allowances Rs. 1,400
House Rent Allowance Rs. 3,240
Learning Allowance Rs. 600
Other Allowances Rs, 1552.50
Gross with HRA Rs 57,289.70/-
Deduction Rs. 4,659.32
Net Salary Rs. 52,630.38/-

IBPS PO Pay Scale

The salary for the IBPS Probationary Officer is Rs. 36000/- along with some other additional allowances and some deductions. The net In-hand IBPS PO Salary 2023 is estimated to be Rs. 52,630/-. Check the IBPS PO Salary in India after Bipartite Settlement below.

IBPS PO Salary In India After Bipartite Settlement

Wage revision in public sector banks is held place every five years. The 11th bipartite settlement has been effective from November 1, 2017. The revised IBPS PO Salary is based on the revisions made to the bipartite settlement. Therefore, for IBPS PO 2023, the salary has been decided based on the 11th Bipartite Agreement.

IBPS PO Salary Slip

Candidates searching for the IBPS PO Salary Slip can check the salary slip below. Here we have shown the salary slip of an employee for the IBPS PO Post having the details distribution of salary.

IBPS PO Perks And Allowances 2023

As said earlier, it is not just the salary that is the tempting force, but it is also the Perks and Allowances that one receives as an IBPS PO. The following are the perks that are enjoyed by an IBPS PO:

  1. Leased Accommodation – This benefit is dependent upon the place of posting and is available to the bank officers. Some banks provide official bank accommodation/bank quarters instead of leased housing.
  2. Travelling Allowance – Most banks provide a fixed Traveling Allowance and reimbursement of petrol bills.
  3. Medical Aid – Revised price is Rs 8000/- p.a. This is the amount for the medical needs of the employee.
  4. Newspaper Reimbursement: A fixed monthly amount for newspaper service.
  5. Coverage under New Pension Scheme
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