IBPS PO Salary Structure, Job Profile, Career Growth

By Reena Pal | Updated on: Aug 02, 2022

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IBPS PO Salary 2022

 IBPS PO Exam 2022

Once you are fully aware of all the details, one important aspect still remains to be known which is the IBPS PO salary. It is always good to know each and every detail of a job you are aiming for as your future depends on it. Please take a look at the IBPS PO salary details below.

IBPS PO Salary Details 2022

An IBPS PO 2022 is entitled to receive a starting basic salary of Rs 36,000 / month excluding allowances. IBPS PO salary structure also includes a ‘Dearness Allowance’. The gross salary of an IBPS PO is around Rs 63,116 /month. The IBPS PO in hand salary in any bank is around Rs 58,515 / month. More details on the IBPS PO salary can be inferred from the table below.

Salary
Basic Pay Rs. 36,000/- per month.
City Compensatory Allowance 1,400.00/-
Dearness Allowance Rs. 10,004.40
House rent Allowance 3,240.00/-
Learning Allowance 766.74/-
Retro CCA 1,280.00/-
Retro HRA 2,880.00/-
Special Allowance 7,545.00/-
Gross Pay 63,116.14/-
Net Pay 58,515.70/-

Perks & Additional Benefits 

Besides the above mentioned salary, an IBPS PO is entitled to receive many perks and allowances. Some of the benefits that a PO in any bank receive is as follows-

  • House Rent Allowance
  • DA
  • SA
  • CCA
  • Medical Benefit
  • Travel Allowance
  • Pension Scheme

IBPS PO Probation Period

Once you cross all the stages and finally reach the phase of being an IBPS PO, you will be on a probation period of two years. This may differ depending upon the organization you joined.

Job Profile

After crossing all the stages successfully, you are designated as an Assistant Manager (AM). PO is referred to as Junior Management Grade Scale - I, thus giving the designation of Scale - I Officer. You will have to go through an induction program held by the banks, which usually lasts for 10-20 days. Once this program is over, the Scale-I Officers are liable to get posted anywhere across India. An IBPS PO is practically expected to be a multitasking person who is also responsible for the following tasks as mentioned below.

  • Loan processing
  • Supervision of the clerical tasks
  • Maintaining business of the branch
  • Customer Interaction

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FAQs

Yes, a bank PO is liable to be posted anywhere in India, depending on the job profile and department being served.
Depending upon the bank you will get selected, you need to fulfill the terms and conditions of that respective bank.
The basic salary that you will receive as an IBPS PO 2022 will be Rs 36,000 per month. Your net pay will somehwere be around Rs 58,000 / month. The number may vary depending upon the bank that you will be appointed in as a PO.
Yes, certainly! Once you are selected as a bank PO, you will be eligible for a number of allowances such as the House Rent Allowance (HRA), Dearness Allowance (DA), City Compensatory Allowance (CCA), Learning Allowance and many other perks and benefits.
You might get a home posting as a bank PO under certain circumstances. Usually the employees are transferred all over India based on their promotion structure and thus the designation.

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