IBPS PO Salary Structure 2020, PO Job Profile Allowances Perks Promotion

IBPS PO Salary Structure 2020, If you are searching IBPS PO Salary in Hand then you are at right place. Because from here, you can check IBPS PO Job Profile, Pay Scale, Salary Structure Allowances, Perks   
दोस्तों आपमें से बहुत सारे प्रोबेशनरी अफसर की तैयारी कर रहे होंगे हर साल इंस्टीटूट ऑफ़ बैंकिंग पर्सनेल सिलेक्शन IBPS PO /MT Common Recruitment Process आयोजित करता है और जितने भी भागीदार बैंक है उनमे रिक्त पदों को भरता है हमे पता है आप में बहुत ये नहीं जानते है की IBPS Job Profile क्या है और कितनी सैलरी PO (पीओ) को मिलती और क्या क्या भत्ते (Allowances) और सुविधाएं (Perks) मिलती है तो चलिए इस आर्टिकल के माध्यम से हम आपको IBPS PO Salary Structure, Job Profile and Allowances, Perks के बारे में जानकारी देंगे
IBPS PO Salary in Hand

IBPS PO Salary in Hand 2020- What is IBPS PO Job Profile & Pay Scale

Aspirants are always curious to know the Bank PO Salary, its allowances, career growth, perks and promotion policy.  Along with IBPS PO Preparation, examinees are curious to know the salary and the increment in salary after 7th pay commission.
So let’s discuss first IBPS PO Salary with include 7th pay commission. After appointment o Probationary officer job, salary will be decided on the basis of 10th Bipartite Agreement.

IBPS PO Salary 2020 Details 

  • Basic Pay: 23,700 Rupees.
  • Special Allowances: 18, 36.75 Rupees.
  • DA (Dearness Allowances): 10, 163.63 Rupees.
  • CCA (City Compensatory Allowances): 870 Rupees.
  • HRA (Home Rent Allowances): 21, 33 Rupees.
  • Gross with HRA: 38, 703.38 Rupees.
  • Medical Aid: 8, 000 Rupees.
  • Entertainment: 500 Rupees.
  • Newspaper: 300 Rupees.
  • Petrol: 3000 Rupees.
  • Telephone: 400 Rupees.
  • Canteen Subsidy: 400 Rupees.
  • Pension Contribution: 25, 00 Rupees.
  • Gross Annual CTC (with HRA but without leased accommodation): 5, 57, 640 Rupees.

IBPS PO Salary 2020- Basic Pay scale

The revised basic IBPS PO salary structure (as per 10th Bipartite settlement) is rupees 23700 - (980 x 7) - 30560 - (1145 x 2) - 32850 - (1310 x 7) – 42020. It means Basic Salary of IBPS PO after 7 Years - Rs 30,560 Basic Salary of IBPS PO after 7 + 2 Years - Rs 32,850 Basic Salary of IBPS PO after 7 + 2 + 7 Years - Rs 42,020

IBPS PO Salary after 11th Bipartite Settlement

Wage revision for bank employees is due from November 2017 under the 11th bipartite settlement which would span five years till 2022. Near about 8.8 Lakhs employees would benefit if the 11th bipartite settlement is agreed and accepted.
Increment (Percentage)%
Basic Pay
Gross Salary
Rs 26,706/-
Rs 37,068/-
Rs 27,866/-
Rs 38678/-
Rs 29,026/-
Rs 40,288/-
Rs 30,187/-
Rs 41,899/-

IBPS PO Allowances 2020

Apart from IBPS PO Salary in Hand, employees get other allowances. Hence we are discussing type of IBPS PO allowances –
1. Dearness Allowance (DA): In banks, Dais revised quarterly and is based on the CPI data as revealed by Govt of India.
Last Revised DA (Dearness Allowance) for the quarter of Nov and Dec 2015 and January 2016 is 39.80% of the Basic Pay.
2. Special Allowance- Special Allowance: According to IBPS PO’s Latest Revision, a special allowance has been added to the salary structure of Bank Probationary Officer. And it is 7.75% of the Basic Pay
3. House Rent Allowance: This varies according to Bank Probationary Officer's place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.
4. City Compensatory Allowance:- This also depends on the place of posting and can be either 4% or 3 % or 0%.Hence the total Salary (without HRA) of Probationary Officer becomes Rs. 35,700 - 36,570. While considering the HRA into account, it becomes Rs. 37,360 -38,700.
IBPS PO Answer key 
IBPS PO Prelims Exam Review 
Cutoff marks for IBPS PO 2020

IBPS PO Perks 2020

Leased Accommodation: This facility is available for Probationary Officer in place of HRA. Banks provide official Bank Accommodation/ Bank Quarter as leased Accommodation.
Travelling Allowance- Few banks provide fixed travelling Allowance whereas others allow reimbursement of petrol bills such as Bank officer must own scooter/Car at the place of posting.
Newspaper Reimbursement: A fixed monthly amount is paid towards the cost of one newspaper to the probationary officer.
Medical Aid- A fixed annual amount is paid by most of the banks (Revised amount is Rs 8000/- p.a)

IBPS PO Promotion Job Profile & Career Growth Structure

In many banks a person who joined as an IBPS PO may reach to the position of General Manager in 14 years. Most of the Public Sector banks follow uniform guidelines issued by the Ministry of Finance, Government of India, regarding promotion policy matters.

IBPS PO Career Growth

Career Growth of an IBPS PO The salary of Officer JMGS I (Junior Management Grade Scale I) or probationary officers in banks ranges from Rs. 23700 to Rs. 42020.
For other Scale officers:
  • MMGS II (Middle Management Grade Scale II)- Officer: The salary ranges from 31705 to 45950.
  • MMGS II (Middle Management Grade Scale III)- Manager: The salary ranges from 42020 to 51490.
  • SMGS IV (Senior Management Grade Scale IV)- Senior Manager: The salary ranges from 50030 to 59170.
  • SMGS V (Senior Management Grade Scale V)- Chief Manager: The salary ranges from 59170 to 66070.
  • Top Management Grade Scale-VI-Deputy General Manager
  • Top Management Grade Scale VII: General Manager
  • Executive Director (ED)
  • Chairman and managing Director (CMD) 

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