IBPS PO New Salary

Hi I am Ena and want to apply for the IBPS (Institute of Banking Personnel Selection) bank PO written exam . Can you please provide the newly revised Probationary Officer Salary ? What are the facilities given to bank Probationary Officer?

Hello sir, is there any one can tell me how much amount should provide by IBPS for Probationary Officer candidates? Give me IBPS Probationary Officer new salary detail?

[pooja]

In IBPS Probationary Officer is basically an Assistant Manager of Scale I in a bank. He is a Junior Manager of Grade I scale and hence called Scale I Officer.

After the selection criterion is completed a Probationary Officer has to go through an intensive training program at Institute of Banking Management where they are trained.

The probation period of a PO may last for 2 years. This again differs from bank to bank.

The basic pay of a SBI PO is Rs 23,700. In addition to this basic pay, the officers are also eligible for Dearness Allowance (DA), House Rent Allowance (HRA), CCA, special allowance etc. The total salary thus amounts to Rs 40,239 per month.

IBPS PO Salary details:

Basic Pay 23700.00
Special Allowance 1836.75
DA 10163.63
CCA 870
Transport Allowance
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

PO Salary After 11th Bipartite Settlement

Increment (Percentage) % Basic Pay Gross Salary
15 % Rs.26,706/- Rs.37,068/-
20 % Rs.27,866/- Rs.38678/-
25 % Rs.29,026/- Rs.40,288/-
30 % Rs.30,187/- Rs.41,899/-

Career progression for Probationary Officers in Banking Sector with Salary:

Junior Management Grade Scale I: Officer i.e. PO 23700 980 30560 1145 32850 1310- 42020
Middle Management Grade Scale-II: Manager 31705 -1145 -32850 -1310 -45950
Middle Management Grade Scale III: Senior Manager 42020 -1310 -48570 -1460 -51490
Senior Management Grade Scale IV: Chief Manager 50030 -1460 -55870 -1650 -59170
Senior Management Grade Scale V: Assistant General Manager 59170 -1650 -62470 -1800 -66070
Top Management Grade Scale VI: Deputy General Manager 68680 -1960 -76520
Top Management Grade Scale VII: General Manager 76520 -2120 -85000
Executive Director (ED) Approx 1.5 + lac
Chairperson and Managing Director (CMD) Approx 2 + lac