Salary 2021
.png)
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. We can not completely predict the salary in hand but you can surely get a clear idea of what to expect.
- An IBPS PO or Probationary Officer is entitled to receive a starting basic salary of Rs 36,000 / month.
- IBPS PO salary structure also includes a ‘Dearness Allowance’.
- An IBPS PO will also be entitled to various other allowances and perks such as House Rent Allowance, City Compensatory Allowance along with some annual increments.
| Salary | |
|---|---|
| Grade 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/- |
| Speacial Allowance | 7,545.00/- |
| Gross Pay | 63,116.14/- |
| Net Pay | 58,515.70/- |
Job Profile
Once you cross all the stages and finally reach the phase of being an IBPS PO ( Probationary Officer), you are designated as an Assistant Manager (AM) and are supposed to be on a probation period of two years. In some of the banks, this period may be of just 1 year. 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 multi-tasking 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
