IBPS PO Salary 2023- Revised Salary Structure, In-Hand Salary & Perks

IBPS PO Salary 2023: Salary Structure

Explore the updated salary structure according to the 11th Bipartite Agreement, which was published in November 2020, using the data tabulated below.

IBPS PO In-hand Salary

An IBPS Probationary Officer will receive an initial in-hand salary package worth between Rs. 52,000 and Rs. 55,000, plus HRA, special allowances, dearness allowances, and other benefits. The IBPS PO basic pay is Rs. 36,000, in-hand salary is Rs. 57,289 and the Net in-hand salary is between Rs. 52,000 and 55,000 after deductions.

IBPS PO Mains Score Card 2022-23 Out: Click to Check

IBPS PO Mains Cut Off 2022 Out- Click to Check

IBPS PO Salary- Perks & Allowances

IBPS PO House Rent Allowance (HRA): Depending on the city, it can be 9.0%, 8.0%, or 7.0% off the basic salary. It varies depending on the place of posting (i.e., metros, big cities or other locations).

IBPS PO Dearness Allowance (DA): Employees receive Dearness Allowance (DA) as a percentage of their base pay (in January 2016, it was approximately 39.8% of base pay; as of November 2017, it was 23.87%). Based on the All India Consumer Price Index Data released by the Ministry of Statistics and Program Implementation, Government of India, this is updated every three months. In the upcoming wage settlement, the Bank unions are determined to make it a monthly revision.

IBPS PO Special Allowance (SA): The most recent bank wage revision included this allowance. 7.75% of the basic pay is the equivalent. It became active in November 2017.

IBPS PO City Compensatory Allowance (CCA): Depending on the city, it could be 0%, 3%, or 4%.

Other benefits for IBPS Probationary Officers include a learning allowance, travel expenses reimbursement, newspaper reimbursement, medical assistance, and benefits under the new pension plan, among others. The total salary could be more than Rs. 52,000.

Promotion Policy of an IBPS PO (Probationary Officer)

The majority of public sector banks adhere to the uniform guidelines for promotion policy issues provided by the Ministry of Finance, Government of India. The public sector banks follow two channels in case of promotion i.e. the merit channel and the normal channel.

Promotional Channels for PO in Public Sector Banks

Career Growth of an IBPS PO: Officer JMGS I (Junior Management Grade Scale I) or probationary officers salaries in banks range from Rs. 52,000 to Rs. 55,000.

Participating Banks For IBPS PO 2023

The following list includes the banks taking part in the IBPS PO:

• Allahabad Bank

• Indian Overseas Bank

• Canara Bank

• Syndicate Bank

• Union Bank of India

• UCO Bank

• Punjab & Sind Bank

• Oriental Bank of Commerce

• Bank of Baroda

• Indian Bank

• Bank of Maharashtra

• Bank of India

• Andhra Bank

• Central Bank of India

• Corporation Bank

• Punjab National Bank

• United Bank of India

IBPS PO Job Profile & Responsibilities

Probationary Officer is the well-known and most prestigious job title among graduates working in the banking industry. Many banking aspirants are interested in learning the duties and responsibilities of the PO employee. The duties and tasks that a probationary officer must complete after being chosen are described in detail in this section.

1. During their probationary period, the chosen candidates receive training in a variety of daily banking operations, including finance, accounting, billing, investments, revenue collection, etc.

2. A Probationary Officer has to resolve the queries off their customers.

3. A Probationary Officer is responsible for the maintenance and supervision of their respective branch activities.

4. As a Probationary Officer, you have the duty to approach the branch about new business opportunities.

5. The daily transactional activities and loan-related activities must be overseen by a probationary officer.

6. The role of a PO is to maintain public relations with the customers and bring issues and grievances to the bank authority.

TAB [ Destination https://www.careerpower.in/blog/wp-content/uploads/2023/01/16120535/ibps-calendar-2023.pdf ] : " IBPS Exam Calendar 2023 Official PDF "

IBPS PO Salary Slip 2023

Here, we give you information about the IBPS PO Salary Slip. To get a sense of the salary that is credited to an IBPS Probationary Officer's account, you can refer to this IBPS PO Salary Slip.

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IBPS PO Career Growth & Promotions

Probationary Officers are given very attractive career growth opportunities that offer numerous opportunities even after the applicant accepts the job. On the basis of their performances, experiences, and knowledge below are the options that follow after owning the post of IBPS PO. To get the promotion, the candidate must show up in IBPS exams from time to time. The lucrative career options that open up after holding an IBPS PO position are listed below:

1. Middle Manager – Middle Management Grade Scale 2

2. Senior Manager – Middle Management Grade Scale 3

3. Chief Manager – Senior Management Grade Scale 4

4. Assistant General Manager – Senior Management Grade Scale 5

5. Deputy General Manager – Top Management Grade Scale 6

6. General Manager – Top Management Grade Scale 7

7. Executive Director

8. Chairman and Managing Director

IBPS PO 2023 Syllabus & Exam Pattern - Check Here

IBPS PO Previous Years Cut-Offs - Check Here

IBPS PO Responsibilities

IBPS PO status carries a very attractive salary. Yet there are a lot of work-related responsibilities to respond to.

The various responsibilities of IBPS PO are given below:

1. Main duty is to participate in all aspects of banking activity.

2. They occasionally have to take over control of several areas, including finance, accounting, marketing, loans, etc.

3. Another important aspect of their work is the processing of loans and document verification.

IBPS PO Salary 2023: FAQs