IBPS PO Salary Structure 2018
IBPS PO Salary Structure 2018 IBPS conducts every year a number of exams for the various posts in the banking sector. Probationary Officer (PO) is one of these exams. Before applying the post of Probationary Officer everyone wants to know, Pay Scale & Allowances so here in the section we will discuss in detail about the IBPS PO Salary Structure 2018 After Wage Revision and also allowances, grade pay, facilities, salary after probation period, and salary after 10th bipartite wage revision and 7th pay commission. So stay on the page for a moment and read complete article to gather information.
IBPS PO Pay Scale & Allowances
Probationary Officer (PO) is an initial level post of any officer in a bank. On the post of Probationary Officer (PO) you will get a good salary amount and also the increment. Salary of PO includes basic pay and other allowances offered by organization. PO has received Dearness Allowance (DA), Special Allowance (SA), House Rent Allowance(HRA),City Compensatory Allowance(CCA) and the other allowance for the PO are Leased Accommodation, Traveling Allowance, Newspaper Reimbursement, Medical Aid.
IBPS PO Salary details
Here we will discuss about the basic pay of Probationary Officer (PO). In the below list the salary which is given a starting salary of the Probationary Officer (PO). It will be change after the 2 years of probation period i.e. called a training period.
Basic Pay Salary
|
23700.00
|
Special Allowance(SA)
|
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
|
After 10th Bipartite Settlement –Salary increment of PO
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/-
|
After Probation Period PO Salary Structure
The PO officer will get the increment in their salary every. Po is a first stage officer in a bank. The pay sale of the PO is increase according to the job experience the detail list on increment is given below you can easily cheek all benefit easily for the PO which is given by the organization .these all increment is according to your performance in the organization.
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
|
PO wages in State Capital
The Probationary Officer (PO) banks who works in the State Capital of the countries will get the Rs. 30448/- per month After Wage Revision, by the organization in which he work. The complete detail of salary is given below
Basic Pay
|
Rs. 14500/-
|
Dearness Allowance @99.9%
|
Rs. 14485.5/-
|
CCA (3% to 4% Max. Rs540/-)
|
Rs. 375.00/-
|
Total Remuneration (Excluding HRA)
|
Rs. 29360.5/-
|
HRA 8.5%; 7.5%; 6.5%*
|
Rs. 1087.50/-
|
Total Remuneration (Including HRA)
|
Rs. 30448/-
|
PO salary in District Level and Rural Level
The Probationary Officer (PO) banks who works in the in District Level and Rural Level of the countries will get the Rs. 29927/- per month After Wage Revision, by the organization in which he work. The complete detail of salary is given below
Basic Pay
|
Rs. 14500/-
|
Dearness Allowance @99.9%
|
Rs. 14485.5/-
|
CCA (3% to 4% Max. Rs540/-)
|
Rs. 0.00/-
|
Total Pay (Excluding HRA)
|
Rs. 28985.5/-
|
HRA 8.5%; 7.5%; 6.5%*
|
Rs. 942.50/-
|
Total Salary (Including HRA)
|
Rs. 29927/-
|
After 7th commission IBPS PO Pay Scale
Chairman of Indian Banks’ Association Shri T M Bhasin declared that there is no effect of 7th Pay Commission on pay of Probationary Officer. (PO).approximately 9 lakhs bank employees of in India already were waiting for 10th bank bipartite wage settlement. If you have are having any doubts or queries about the IBPS PO Salary Structure 2018 after the 7th pay commission you can also get more information from the official website
IBPS PO Allowances
·
Dearness Allowance (DA) is a cost of living adjustment allowance paid to all government employees in the bank
· House Rent Allowance can vary from bank to bank According to Bank PO’s place of posting and can be 9.0% or 8.0% or 7.0% depending upon metros, big cities and other locations.
· City Compensatory Allowance (CCA) is also depend upon the location of posting. it may be r4% or 3 % or 0%.
Important Links
Download Pay List PDF
|
Update Soon
|
Official website
|
0 Comments