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  #1  
9th November 2015, 11:24 AM
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IBPS PO Salary Revision

I want to build my career in the banking sector and for this I am planning to give the IBPS PO exam looking for the details. Will you please provide me all the details related to IBPS PO Salary Revision so that I get to know PO office salaries and other benefits?
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  #2  
9th November 2015, 02:41 PM
Super Moderator
 
Join Date: Apr 2013
Re: IBPS PO Salary Revision

Candidates who are preparing for IBPS PO have good news for those students because salary structure of IBPS has changed.

Unions in banking sectors and Indian Bank's Association (IBA) agreed on increasing pay slip salary component by 15 Percent.

Components Now (Per Month) Revised (Per Month)
Basic Pay Rs 14500 Rs 26705 (Merged 60.15 % of DA in to current Basic Pay)

House Rent Allowance Rs 942.5 (6.5% Of Basic Pay) Rs 1996.2 (7.475 % of Basic Pay)

Dearness Allowance Rs 15921 (109.8% of Basic Pay) Rs 8839.36 (33.1% of Basic Pay)
Total Rs 31364 Rs 37541
NPS Contribution -3042.1 -3554.44
Cash In Hand Rs 28321 app Rs 33986 app

The revised basic pay has been derived by merging 60.15 % of DA in to current Basic Pay and then adding your expected hike on the whole amount (Current basic + 60.15% of current basic).

Some of the perks available to Bank officers are:

Leased Accommodation
Travelling Allowance
Newspaper Reimbursement
Medical Aid

Typical Salary Structure of a Bank PO:

Criteria Metro Cities State Capital District and Rural
Basic Pay 14500.00 14500.00 14500.00
Dearness Allowance @ 99.9% 14485.5 14485.5 14485.5
CCA (3% to 4% Max. Rs540/-) 540.00 375.00 0.00
Total Salary (Excluding HRA) Rs 29525.5 Rs 29360.5 Rs 28985.5
HRA – 8.5% ; 7.5%; 6.5%* Rs 1232.50 Rs 1087.50 942.50
Total Salary (including HRA) Rs 30758.0 Rs 30448.0 Rs 29927.5


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