IBPS PO Salary Structure 2018, Pay Scale & Allowances, After Wage Revision,

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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 2018

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 2018
·        
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

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