IBPS PO/MT Pay Scale 2020 - Basic Pay, Perks, Allowances, and Job Profile

Pooja | Aug 05, 2020


Name of the OrganisationInstitute of Banking Personnel Selection (IBPS)
Total Number of Posts
Type of JobsBank Jobs
Application ModeOnline
Selection ProcessPreliminary Exam, Mains Written Test and Interview
Work LocationPan India
Official Websitehttps://www.ibps.in/

IBPS PO Salary Structure 2020

IBPS Probationary Officer Salary 2020: Bank job seekers are very anxious about the salary. Here we are providing the IBPS PO In Hand Salary, Perks, and allowances details. Contenders who have applied for IBPS PO Recruitment 2020 can check the basic salary, ibps.in Po Salary after 7th Pay commission in the following sections:

IBPS Probationary Officer Pay Scale

Type of PayAmount
Basic Pay
  • Rs 23700/- ( Increment in 4 stages)
  • Salary after 1st Increment- Rs. 30560/-
  • Salary after 2nd Increment-Rs. 32850/-
  • Salary after 3rd Increment- Rs. 42020/-
Special Allowances
Rs 18, 36.75/-
Dearness Allowances
40% of the basic pay
House Rent Allowance
Rs 2133/-
City Compensatory Allowances
Rs 870/-
Medical Aid
Rs 8000/-
Gross with HRA
Rs 38, 703.38/-
Rs 500/-
Rs 300/-
Rs 3000/-
TelephoneRs 400/-
Canteen Subsidy
Rs 400/-
Pension Contribution
Rs 25000/-
Gross Annual CTC
Rs 5, 57, 640/-

Other Banking Jobs

IBPS PO Salary after 11th Bipartite Settlement

The salary increments for IBPS PO posts are given below:

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

 ibps.in PO Perks and Allowances

Perks are the additional benefits provided to the IBPS PO along with the salary.

  • Leased Accommodation: This facility is offered to the bank officers as bank quarters/ official bank accommodation at some places.
  • Travelling Allowance: Travelling allowance is provided in the form of reimbursement of petrol bills.
  • Medical Aid: The revised price is Rs. 8000/- per month as the medical needs
  • Newspaper Reimbursement
  • Coverage under New Pension Scheme

IBPS Probationary Officer Job Profile

IBPS Probationary Officer is a reputed job in the banking sector. So, PO is trained for various operations like accounting, billing, finance, investment, revenue, collection, etc.

  • Giving solutions to the customer questions at the branch
  • Maintaining and supervising regular branch activities
  • Public relations and addressing issues and complaints of customers
  • Directing daily transactions of customers and processing loans
  • Bringing new businesses to the bank branch

IBPS PO Career Growth and Promotions

The states of IBPS PO Promotions are listed here:

  • Middle Manager – Middle Management Grade Scale 2
  • Senior Manager – Middle Management Grade Scale 3
  • Chief Manager – Senior Management Grade Scale 4
  • Assistant General Manager – Senior Management Grade Scale 5
  • Deputy General Manager – Top Management Grade Scale 6
  • General Manager – Top Management Grade Scale 7
  • Executive Director
  • Chairman and Managing Director

Useful Links

IBPS PO SyllabusIBPS Probationary Officer Admit Card
ibps.in PO Exam Pattern
IBPS PO Results
PO Prelims Exam ResultsBest Preparation Books
Previous Year Question PapersIBPS PO MT Notification

Frequently Asked Questions

Q. What is the basic pay of an IBPS PO?

The basic pay of an IBPS Probationary Officer is Rs.23,700/-

Q. What are the perks of an IBPS Probationary Officer?

IBPS PO Perks are travelling allowance, medical aid, leased accommodation, and newspaper reimbursement.

About Author



Being a content writer, I am providing clear information about Latest, Live, upcoming job notifications across the country. My Intension is to provide the genuine information for the folks who are preparing for various exams everyday. 

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