IBPS PO Job Salary

I want to know the salary structure of Probationary Officer in Institute of Banking Personnel Selection IBPS? Also tell me the other perks offered to Probationary Officer in this bank? Also tell me the duties and the working hours of Probationary Officer in this bank?

Can you provide me the details of the salary structure for PO (Probationary Officer) Post in IBPS (Institute of Banking and Personnel Selection)?

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There are different components in the salary structure for PO (Probationary Officer) Post in IBPS (Institute of Banking and Personnel Selection):


IBPS PO Salary Structure in Details

Basic Pay 23700
Special Allowance 1836
DA 10163
CCA 870
Total (without HRA) 36570
HRA 2133
Gross with HRA 38703
Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500


IBPS PO Allowances

1. Dearness Allowance (DA): In Banks, DA is revised quarterly and is based on the CPI data as revealed by Government of India. The last Revised DA is 39.80% of the Basic Pay. Since it depends on CPI, DA can go up with higher Inflation and vice versa.

2. Special Allowance: A special allowance is added to the salary structure of Bank Probationary Officer. And it is 7.75% of the Basic Pay.

3. House Rent Allowance: This varies according to Bank Probationary Officer’s place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.

4. City Compensatory Allowance: It depends on the place of posting and can be either 4% or 3 % or 0%. Hence the total Salary (without HRA) of Probationary Officer becomes Rs. 35,700 – 36,570. While considering the HRA into account, it becomes Rs. 37,360 -38,700.


IBPS PO Perks

1. Leased Accommodation: It is available to PO in place of HRA. At some places, banks provide Official Bank Accommodation/Bank Quarter as leased accommodation. The amount is not available as cash component and will directly go to the house owner – one has got leased.

2. Traveling Allowance: Few banks provide fixed Traveling Allowance whereas others allow reimbursement of petrol bills i.e. Bank officer must own scooter/car at the place of posting.

3. Newspaper Reimbursement: A fixed monthly amount is paid towards the cost of one newspaper to the Probationary Officer.

4. Medical Aid: A fixed annual amount is paid by most of the banks (Revised amount is Rs8000/- p.a.).

5. Benefits under New Pension Scheme.