What is PO Salary ( पीओ का वेतन क्या है?) It is most popular questions between the candidates who prepare for the IBPS exams. Good news for all of you that department is going to enhance IBPS probationary officer salary scale from this year.
Check all the details regarding the starting salary, allowances, grade pay, facilities, salary after probation period, and salary after 10th bipartite wage revision and 7th pay commission.
- 1 IBPS PO Salary Structure in detail
- 2 IBPS PO Salary details 2016 – 2017
- 3 Allowances
- 4 Dearness Allowance(DA)
- 5 Special Allowance(SA)
- 6 House Rent Allowance(HRA)
- 7 City Compensatory Allowance(CCA)
- 8 Other Benefits for Bank PO
- 9 After 10th Bipartite Settlement -Salary of PO
- 10 7th Pay Commission - Effect on salary
- 11 Career progression for PO in Bank with Salary
- 12 Share this:
- 13 Related
IBPS PO Salary Structure in detail
आईबीपीएस पीओ सैलरी का ढाचा – IBPS PO is a starting level post of any officer in a bank. So you will have retained for 2 years of probation period i.e. called a training period. In the 2 year time, you learn about basic and essential duties of a PO in the bank.
IBPS PO Salary details 2016 – 2017
|IBPS PO 6 Salary details 2016 – 2017|
|Basic Pay Salary||23700.00|
|Total (without HRA)||36570.38|
|Gross with HRA||38703.38|
|Gross Annual CTC (with HRA but without leased accommodation)||5,57,640.52|
- Dearness Allowance(DA)
- Special Allowance(SA)
- House Rent Allowance(HRA)
- City Compensatory Allowance(CCA)
House Rent Allowance(HRA)
City Compensatory Allowance(CCA)
Other Benefits for Bank PO
Leased Accommodation :This facility on the behalf of HRA. At some places, banks provide bank quarter on rent. This amount is not available as cash component and will directly go to the house owner.
Traveling Allowance:Few banks provide fixed Traveling Allowance whereas others allow reimbursement of petrol bills i.e. officer must own scooter / car at the place of posting.
Newspaper Reimbursement:A fixed monthly amount is paid towards the cost of one newspaper.
Medical Aid:A fixed annual amount is paid by most of the banks (Revised amount is Rs.8000/- p.a.)
After 10th Bipartite Settlement -Salary of PO
|Increment (Percentage) %||Basic Pay||Gross Salary|
7th Pay Commission - Effect on salary
Career progression for PO in Bank with Salary
|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|