IBPS PO Salary<\/b><\/h3>\n![\"IBPS](\"https:\/\/www.ixambee.com\/blog\/wp-content\/uploads\/2019\/04\/IBPS-PO-Sal1-300x169.png\")
IBPS PO Salary<\/figcaption><\/figure>\nFor those who joined as an IBPS PO<\/strong><\/a> around 2010 were getting a salary of approximately <\/span>Rs 20,000 \/ month <\/b>along with other benefits like medical, HRA, Leave Travel Concession (LTC), etc. In this span of 8-9 years, majority of the POs must have been promoted to Scale II Officers (Manager) and some of them must have been even promoted to Scale III (Senior Manager). Banks have a provision of wage settlement in every 5 years. The last wage settlement had been due from 2012 which was done in 2015 under which all employees get arrears for three years. (The term <\/span>arrears <\/b>refers to a payment that is supposed to be paid at the end of a period, rather than at the beginning). The next wage settlement (11th Bipartite Settlement) has been due from <\/span>November 1, 2017<\/b> where the Indian Banking Association (IBA) has now raised its offer to a <\/span>10% <\/b>hike which the banks are not willing to accept, therefore the talks have been stuck since. Every wage settlement results in a 25-35% hike in the salary. The Probationary Officers (POs) who were receiving 20K as salary in the year 2010, are now drawing around 60-65K per month, which implies that the salary has been increased 3 times. Following this trend, in the next 7 years, a Bank PO will come into the range of Rs 1.3 – 1.5 Lakh per month. <\/span><\/p>\nPublic Sector Banks (PSBs) have been facing a tough competition from private banks and therefore they are facing challenges in attracting good talent. There has been a serious discussion regarding the system of \u2018variable pay\u2019 for the bank employees. <\/span><\/p>\nThe salary of PSB employees has not been at par with that of Central Government. Thus, we can expect that there will be a significant hike in the salary of PSBs in the coming 5-10 years.<\/span><\/p>\nAlso Read:<\/b><\/p>\n
IBPS PO Final Cut-offs<\/b><\/a><\/p>\nIBPS Exam Calendar<\/b><\/a><\/p>\nBest Books for IBPS PO 2019<\/b><\/a><\/p>\nGet Free<\/span><\/i> Online Test Series<\/span><\/i><\/a>,<\/span><\/i> Daily GK Update<\/span><\/i><\/a>,<\/span><\/i> PIB Current Affairs<\/span><\/i><\/a>,<\/span><\/i> Banking Awareness<\/span><\/i><\/a> as well as latest updates for<\/span><\/i> Bank PO<\/span><\/i><\/a>,<\/span><\/i> Bank Clerk<\/span><\/i><\/a>,<\/span><\/i> SSC<\/span><\/i><\/a>,<\/span><\/i> RBI<\/span><\/i><\/a>,<\/span><\/i> NABARD <\/span><\/i><\/a>and Other<\/span><\/i> Government Jobs.<\/span><\/i><\/a> \u0431\u044b\u0441\u0442\u0440\u044b\u0439 \u0437\u0430\u0439\u043c \u043e\u043d\u043b\u0430\u0439\u043d \u0437\u0430\u044f\u0432\u043a\u0430<\/a>\u0437\u0430\u0439\u043c \u0431\u0435\u0437 \u043f\u043e\u0434\u0442\u0432\u0435\u0440\u0436\u0434\u0435\u043d\u0438\u044f \u0434\u043e\u0445\u043e\u0434\u0430<\/a>\u043a\u0430\u043a \u0432\u0437\u044f\u0442\u044c \u0437\u0430\u0439\u043c \u043d\u0430 \u0442\u0435\u043b\u04352<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"IBPS PO 2019 The job of an IBPS PO has been one of the most popular jobs for years now. The main reason behind it is the job security, dignity and moreover pay scale that one receives as an IBPS PO (Probationary Officer). Although, if you wish to take it as a long term goal […]<\/p>\n","protected":false},"author":2,"featured_media":991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[23,59,133],"class_list":["post-989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-po","tag-ibps","tag-ibps-po","tag-ibps-po-salary"],"yoast_head":"\n
IBPS PO 2019 | What will be the Cash In-Hand Salary of an IBPS PO?<\/title>\n<meta name=\"description\" content=\"Find here all information related to the In-Hand Salary of an IBPS PO since 7-8 years along with all the other perks and benefits. Also Practice Free Mock Test Series for IBPS PO at ixamBee.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.ixambee.com\/in-hand-salary-of-an-ibps-po\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBPS PO 2019 | What will be the Cash In-Hand Salary of an IBPS PO?\" \/>\n<meta property=\"og:description\" content=\"Find here all information related to the In-Hand Salary of an IBPS PO since 7-8 years along with all the other perks and benefits. 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For those who joined as an IBPS PO<\/strong><\/a> around 2010 were getting a salary of approximately <\/span>Rs 20,000 \/ month <\/b>along with other benefits like medical, HRA, Leave Travel Concession (LTC), etc. In this span of 8-9 years, majority of the POs must have been promoted to Scale II Officers (Manager) and some of them must have been even promoted to Scale III (Senior Manager). Banks have a provision of wage settlement in every 5 years. The last wage settlement had been due from 2012 which was done in 2015 under which all employees get arrears for three years. (The term <\/span>arrears <\/b>refers to a payment that is supposed to be paid at the end of a period, rather than at the beginning). The next wage settlement (11th Bipartite Settlement) has been due from <\/span>November 1, 2017<\/b> where the Indian Banking Association (IBA) has now raised its offer to a <\/span>10% <\/b>hike which the banks are not willing to accept, therefore the talks have been stuck since. Every wage settlement results in a 25-35% hike in the salary. The Probationary Officers (POs) who were receiving 20K as salary in the year 2010, are now drawing around 60-65K per month, which implies that the salary has been increased 3 times. Following this trend, in the next 7 years, a Bank PO will come into the range of Rs 1.3 – 1.5 Lakh per month. <\/span><\/p>\n Public Sector Banks (PSBs) have been facing a tough competition from private banks and therefore they are facing challenges in attracting good talent. There has been a serious discussion regarding the system of \u2018variable pay\u2019 for the bank employees. <\/span><\/p>\n The salary of PSB employees has not been at par with that of Central Government. Thus, we can expect that there will be a significant hike in the salary of PSBs in the coming 5-10 years.<\/span><\/p>\n Also Read:<\/b><\/p>\n IBPS PO Final Cut-offs<\/b><\/a><\/p>\n IBPS Exam Calendar<\/b><\/a><\/p>\n Best Books for IBPS PO 2019<\/b><\/a><\/p>\n Get Free<\/span><\/i> Online Test Series<\/span><\/i><\/a>,<\/span><\/i> Daily GK Update<\/span><\/i><\/a>,<\/span><\/i> PIB Current Affairs<\/span><\/i><\/a>,<\/span><\/i> Banking Awareness<\/span><\/i><\/a> as well as latest updates for<\/span><\/i> Bank PO<\/span><\/i><\/a>,<\/span><\/i> Bank Clerk<\/span><\/i><\/a>,<\/span><\/i> SSC<\/span><\/i><\/a>,<\/span><\/i> RBI<\/span><\/i><\/a>,<\/span><\/i> NABARD <\/span><\/i><\/a>and Other<\/span><\/i> Government Jobs.<\/span><\/i><\/a> \u0431\u044b\u0441\u0442\u0440\u044b\u0439 \u0437\u0430\u0439\u043c \u043e\u043d\u043b\u0430\u0439\u043d \u0437\u0430\u044f\u0432\u043a\u0430<\/a>\u0437\u0430\u0439\u043c \u0431\u0435\u0437 \u043f\u043e\u0434\u0442\u0432\u0435\u0440\u0436\u0434\u0435\u043d\u0438\u044f \u0434\u043e\u0445\u043e\u0434\u0430<\/a>\u043a\u0430\u043a \u0432\u0437\u044f\u0442\u044c \u0437\u0430\u0439\u043c \u043d\u0430 \u0442\u0435\u043b\u04352<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":" IBPS PO 2019 The job of an IBPS PO has been one of the most popular jobs for years now. The main reason behind it is the job security, dignity and moreover pay scale that one receives as an IBPS PO (Probationary Officer). Although, if you wish to take it as a long term goal […]<\/p>\n","protected":false},"author":2,"featured_media":991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[23,59,133],"class_list":["post-989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-po","tag-ibps","tag-ibps-po","tag-ibps-po-salary"],"yoast_head":"\n