IBPS PO SALARY 2020:
The IBPS PO salary based on the 2020 notification is as mentioned-below:
The Basic salary of IBPS PO is Rs.23,700. There are several increments which are added to the IBPS PO
1st Increment (after 7 years) : Rs. 30560/-
2nd Increment (after 2 more years) : Rs. 32850/-
3rd Increment ( after 7 more years) : Rs. 42020/-
IBPS PO Salary: Allowances
| Basic pay | 23700 |
| Dearness Allowance | 40% of the basic pay(Varies based on inflation rates) |
| City Compensatory Allowance(CCA) | 3% or 4%(depending on the place of posting) |
| House Rent Allowances | 7%-9% of the basic pay |
| Special Allowance | 7.75% of the basic pay |
There are some other perks of an IBPS Probationary Officer such as: Traveling Allowance, Newspaper Reimbursement, Medical Aid, Benefits under New Pension Scheme etc.
What is the In-Hand Salary for IBPS PO 2020?
The In Hand Salary for a Probationary Officer is Rs 37,360 to 38,700 at the time of joining.
Major Banks Participating
- Canara Bank
- Indian Overseas Bank
- Central Bank of India
- UCO Bank
- Bank of Baroda
- Punjab National Bank
- Union Bank of India
- Bank of India
- Indian Bank
- Punjab & Sind Bank
- Bank of Maharashtra
IBPS PO Salary Slip
IBPS PO Career Growth
Middle Manager – Middle Management Grade Scale 2
Senior Manager – Middle Management Grade Scale 3
Chief Manager – Senior Management Grade Scale 4
Assistant General Manager – Senior Management Grade Scale 5
Deputy General Manager – Top Management Grade Scale 6
General Manager – Top Management Grade Scale 7
Executive Director
Chairman and Managing Director