IBPS PO Allowances and Perks
The Institute of Banking Personnel Selection (IBPS) offers an attractive salary package along with various allowances to Probationary Officers (POs) appointed in participating banks. Here is the details of IBPS PO allowances and perks.
IBPS PO Allowances | |
---|---|
IBPS PO Basic Pay | Rs 36,000/- ( Increment in 4 stages) |
House Rent Allowances | 7%-9% of the basic pay |
Dearness Allowance | 23.87% of the Basic Pay (Varies based on inflation rates) |
City Compensatory Allowance (CCA) | 3% or 4%(depending on the place of posting) |
Special Allowance | 7.75% of the basic pay |
IBPS PO Salary 2024: In-Hand Salary, Job Profile and Perks
IBPS PO Salary 2024: IBPS offers one of the most handsome salaries to IBPS PO. The main reason for aspirants seeking employment in banking sector is the lucrative salaries offered to IBPS PO. Every year, a significant number of aspiring candidates appear in the exam of IBPS PO for these attractive job opportunities. Check the IBPS PO Salary per month in 2024 from below table.
The updated IBPS PO 2024 salary structure has been decided based on the 11th Bipartite Agreement that was signed in November 2020. As part of this agreement, the basic pay for IBPS PO has been revised to Rs. 36,000.