IBPS PO Salary 2022 Details: In-Hand Salary, Perks, and Other Allowances

IBPS PO Salary 2022 Details: In-Hand Salary, Perks, and Other Allowances

When we discuss the Banking Exam, IBPS PO is one of the most prestigious jobs in India. There are several advantages to joining this IBPS PO exam. Their facilities, salary, and other allowances are huge and it gives the best lifestyle to the employees. However, to get into the IBPS PO the best preparation is very important from the top coaching guidance. In this blog we will talk about IBPS PO Salary 2022 details and their In-Hand Salary, Perks, and other Allowances. Let’s discuss it below.

Recent Update about IBPS PO 2022:

• The recent salary structure is based on the 11th Bipartite Agreement in November 2020.
• The Wage revision of IBPS PO is effective every 5 Years.
• The basic pay scale has been revised to Rs. 36,000.
• The net salary of IBPS PO is Rs. 52,630.

The Salary Structure of the IBPS PO provides dearness allowances, travel allowances, and other allowances. The IBPS PO Salary in Hand is lucrative and it also formulates proper revision methods.

Today’s topic will cover the details of:

• IBPS PO: Salary Structure.
• IBPS PO: Allowances.
• IBPS PO: Job Profile.
• IBPS PO: Career Growth.
• IBPS PO: FAQ.
• IBPS PO: Salary Structure

The IBPS PO Salary Structure includes Basic Pay, Special Allowances, Dearness Allowances, City Compensatory Allowances, House Rent Allowances, and many more. It also provides the facility of Medical Aid, Entertainment, Newspaper, Petrol, Telephone, Canteen Subsidy. The salary also includes the facility of Pension Contribution and deduction of a few amounts. The Initial-in Hand Salary of the IBPS PO Probationary Officer is between 52000 to 53000. Let’s discuss the IBPS PO Pay Slip and structure in details below.

IBPS PO Salary: Allowances

There are multiple allowances offered to a probationary officer. These allowances are not fixed but it is raised with the time to time as per need. The purpose of allowances is to secure against any losses. Check out the number of allowances given the employees of IBPS PO.

1. Dearness Allowance 
2. City Compensatory Allowance(CCA)
3. Medical Insurance 
4. Furniture Allowance
5. Travelling Allowance 
6. Miscellaneous

IBPS PO: Job Profile

The Probationary Officer is one of the most high rated posts in the Banking Sector. It comes with huge roles and responsibilities. They are responsible for customer support and branch development. They are providing the ultimate solution to the biggest banking problem, granting loans, and addressing the needs of customers. The details of IBPS PO job profile discussed below:

1. They verify documents submitted by the customers.
2. They are key responsible for bank vault, keys, important documents, core banking solution, and many more.
3. They sanctioned the amount withdrawn by the customer.
4. They give advice to matters like financial causes and designing products etc.

IBPS PO: Career Growth

The career growth of the IBPS PO is huge. It gets promoted on the basis of skills and development presented by a probationary officer. However, it also gets promoted on the basis of seniority and clearing departmental exams held by the bank. The Bank PO gets promoted from time to time on the basis of Bank Policy. The IBPS PO Career Growth follows two channels i.e. the merit channel and the normal channel.

1. Middle Manager – Middle Management Grade Scale 2 
2. Senior Manager – Middle Management Grade Scale 3 
3. Chief Manager – Senior Management Grade Scale 4 
4. Assistant General Manager – Senior Management Grade Scale 5 
5. Deputy General Manager – Top Management Grade Scale 6 
6. General Manager – Top Management Grade Scale 7 
7. Executive Director 
8. Chairman and Managing Director

IBPS PO: FAQ

What is the Exam date of IBPS PO Exam?
The current exam date of the session 2022-23 will be announced by the IBPS by October 2022.

What is the Basic Salary of the Bank PO?
The basic salary of the IBPS Bank PO is Rs. 36000/-

What is the Probation period of the IBPS Bank PO?
The Probation period of the Bank PO is 2 Years. 

What are the different allowances of the IBPS Bank PO?
The basic allowances of the IBPS PO are dearness allowances, HRA, Travelling Allowances.