Many candidates, who prepare to work with the bank services wonder as to what is IBPS PO salary? It is the most frequently asked question on the internet as well that banking aspirants keep asking Mister Google. Wait, before we go ahead and discuss, the good news is that the department will be enhancing IBPS probationary officer salary scale from 2017.

IBPS PO Salary 2017-2018 – Check Basic Salary & Allowances

IBPS PO salary
IBPS PO salary

Even if you meet a friend or relative, who is working in the same field, you must have bombarded your curious queries on them that what will be my salary after clearing IBPS PO exam. So, here we bring all such information that will provide you all the answers and will also give you a clear complete picture of IBPS PO salary package with increments and promotions.

The salary structure of IBPS PO

Probationary Officer (PO) is an initial level post, which every officer in a bank undergoes. Just like that, you will also be undergoing 1 to 2 years of the probation period, you may also call it also a training period.During this period, you will learn the basics and work ethics of a PO in the bank.

Remember that your salary will be different depending upon your recruitment in various IBPS PO Participating banks and according to their policies. But, here, we can talk in general as to what is the salary for IBPS PO officer in probation period and after probation period.

You can Download IBPS PO Admit Card & IBPS RRB Admit Card here.

Basic Pay 23700.00
Special Allowance 1836.75
DA 10163.63
CCA 870
Transport Allowances
Total without HRA 36570.38
HRA 2133.00
Gross with HRA 38703.38
Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500
Gross Annual CTC (with HRA but without leased accommodation) 5,57,640.52

Bonus benefits available to Bank PO

  • Leased Accommodations to reside – Yes, this benefit is also available to Bank officers despite getting HRA.However, it varies from one bank to the other and depends on upon the location, where the officer is posted. While some officers may get official bank accommodation/ bank quarters, other can get leased housing.
  • Travelling Allowance – Most of the bank PO officers get a fixed Travelling Allowance and reimbursement after submitting their tickets and petrol bills.
  • Medical Aid Facilities – They also get an amount for their medical needs and emergencies. The Revised price of this amount is Rs 8000/- per year.

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