IBPS PO Application Form 2023: The Institute of Banking Personnel Selection (IBPS) has extended the last date to apply online or submit the IBPS PO...
How To Crack IBPS PO in 1 Month? 30-day Effective Study PlanAugust 28, 2023
IBPS PO Salary 2022: The IBPS PO salary is a major motivator for candidates who apply for the Probationary Officer posts. Bank PO jobs have traditionally been the most popular employment option in India. Apart from security, lucrative bonuses and allowances, one of the major reasons for candidates to enter the banking area is the Bank PO salary.
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|IBPS PO Prelims Mock Test – 1||IBPS PO Prelims Mock Test – 6|
|IBPS PO Prelims Mock Test – 2||IBPS PO Prelims Mock Test – 7|
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Aside from that, there are allowances for medical expenditures, house rent, travel, and so on. As an individual continues to work for the bank, multiple increments are applied to their IBPS PO pay scale. We have covered the compensation and everything a bank applicant looks forward to before joining as a Probationary Officer in one of IBPS’s 11 participating banks in this article. Read on to find more!
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Before getting into the details of salary bank PO, let us have an overview of the IBPS PO salary as per the 11th Bipartite Agreement which was released in November 2021 mentioned below:
|Basic Pay||Rs. 36,000|
|Special Allowance||Rs. 5,904|
|Learning Allowance||Rs. 600|
|DA Others||Rs. 1,552.50|
|Gross Salary||Rs. 57,289.70|
|Net Salary||Rs. 52,630.38|
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An IBPS Probationary Officer is offered an initial in-hand salary package of Rs. 52,000 to 53,000 including HRA, dearness allowances, special allowances, and all perks. The IBPS PO Gross Salary will fall around Rs. 57,000. However, after all the deductions, the net in hand salary that a Probationary Officer receives is approximately Rs. 52,000.
Now let us take a look at the allowances that an IBPS PO receives:
|IBPS PO Pay Scale||Rs 36,000/- ( Increment in 4 stages)|
|House Rent Allowances||7%-9% of the basic pay|
|Dearness Allowance||23.87% of the Basic Pay (Varies based on inflation rates)|
|City Compensatory Allowance (CCA)||3% or 4%(depending on the place of posting)|
|Special Allowance||7.75% of the basic pay|
HRA of a probationary Officer changes depending on the place of posting. It will be 9.0% or 8.0% or 7.0% of the basic salary based on whether you are employed in a metro (tier I), big cities (tier II) or other locations (tier III).
Employees receive Dearness Allowance (DA) as a percentage of the basic salary (In January 2016, it was around 39.8% of the basic salary. After the 11th bipartite settlement it has been reduced to 23.87% in effect from November 2017). DA is revised every three months on the basis of the All India Consumer Price Index data that the Ministry of Statistics and Program Implementation puts out.
Depending on the type of city, CCA will be 0%, 3% or 4% for tier I, tier II and tier III cities, respectively.
SA is about 7.75% of the basic pay. It was included in the last wage revision for the banks and is calculated with effect from November 2017.
An IBPS Probationary Officer receives some other benefits and allowances such as Traveling Allowance, Learning Allowance, Medical Aid, Newspaper Reimbursement, Benefits under New Pension Scheme etc. When all these allowances are added up the salary may be Rs. 52,000+.
Becoming a Probationary Officer in one of the Public Sector banks is the dream and desired job profile of many graduates. However, banking aspirants must be aware of the roles and responsibilities of the PO. Therefore, we have listed the responsibilities and tasks which are a part of the Probationary Officer job profile.
Probationary Officers have a very attractive career growth path that provides vast opportunities throughout the aspirant’s professional career. Officers have to appear in exams conducted by IBPS time-to-time to secure promotions. Based on their experience, performance and skills an IBPS PO is promoted to higher posts.
The promotion from IBPS PO follows the path given below:
Candidates can go through the list of participating banks for IBPS PO Recruitment given below:
Tips and Techniques in English for Competitive Exams
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State Bank Probationary Officers Preliminary Examination
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Quantitative Aptitude And Reasoning
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IBPS PO is one of the best white-collar jobs in the country. It is one of the best government jobs in India that provides great salaries and growth opportunities. It also provides the scope to learn a lot of things.
|IBPS PO Apply Online||IBPS PO Mock Test|
|IBPS PO Preparation||IBPS PO Books|
|IBPS PO Notification||IBPS PO Study Material|
|IBPS PO Syllabus||IBPS PO Cut-off|
|IBPS PO Prelims||IBPS PO Admit Card|
|IBPS PO Mains||IBPS PO Result|
The frequently asked questions on IBPS PO Salary are given below:
Q.1: What is the basic pay of the IBPS Probationary Officers?
Ans. The IBPS PO pay scale is Rs. 36,000/-.
Q.2: What are the perks offered to Probationary Officers?
Ans. Apart from salary, IBPS offers other benefits and perks such as Medical Aid, Newspaper Allowance, Travel Allowance, HRA, DA, Accommodation, Pension Scheme etc.
Q.3: Is there any deduction of provident fund in the salary?
Ans. Yes, there is the deduction of provident fund in the salary of the employees.
Q.4: What is the selection process for IBPS PO 2022?
Ans: The selection process of IBPS PO includes Prelims, Mains, and interviews.
Q.5: What is the HRA provided to an IBPS PO?
Ans: It varies according to location and might range from 7% to 9% of the base pay.
If you are appearing for IBPS PO, you must give your best shot. Be thorough with the IBPS PO Exam Pattern and IBPS PO Syllabus and create a proper study plan. Make sure your IBPS PO Preparation Plan looks after all the aspects of a successful test-taking process.
We hope this detailed article on IBPS PO Salary 2022 has provided you with all the information about the IBPS PO Salary and Job profile. Stay tuned to Embibe for all the latest updates and news on IBPS PO 2022 exam.
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