IBPS PO Salary 2020 : In-hand Salary Slip, Allowance, Jobs profile & Perks


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 pay23700
Dearness Allowance40% of the basic pay(Varies based on inflation rates)
City Compensatory Allowance(CCA)3% or 4%(depending on the place of posting)
House Rent Allowances7%-9% of the basic pay
Special Allowance7.75% 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

  1. Canara Bank
  2. Indian Overseas Bank
  3. Central Bank of India
  4. UCO Bank
  5. Bank of Baroda
  6. Punjab National Bank
  7. Union Bank of India
  8. Bank of India
  9. Indian Bank
  10. Punjab & Sind Bank
  11. 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

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