IBPS PO salary 2021 - In Hand Salary,Perks and Allowance, Deduction and more
IBPS PO salary 2021 - The Institute of Banking Personnel Selection (IBPS) conducts the Probationary Officer (PO) for partnering banks. Aspirants who qualify in the IBPS PO exam get recruited as per the vacant posts. IBPS offers lucrative IBPS PO salary 2021 packages to the selected candidates. As per the revised IBPS PO 2021 salary, the in-hand salary is Rs. 47000-50000. The basic pay as per the salary of IBPS PO 2021 is Rs 36000-38000.
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Apart from the IBPS PO salary 2021, aspirants are also eligible for various other allowances and benefits. In this article on IBPS PO 2021 salary, aspirants can check all the details related to the salary like basic-pay, allowances, benefits, career growth, roles and responsibilities etc.
IBPS Bank PO Salary in India - Salary structure
From the following table, aspirants can check the IBPS PO salary 2021. The salary of IBPS PO 2021 includes the basic pay, special allowance, dearness allowances, house rent allowance etc.
IBPS PO 2021 salary
IBPS PO Allowances
Apart from the IBPS PO salary 2021, aspirants are also given various allowances. From the following table, aspirants can check the allowances that aspirants will be entitled to along with the salary.
IBPS PO 2021 salary - Allowances
IBPS PO Basic Pay
Rs 36,000/- ( Increment in 4 stages)
House Rent Allowances
7%-9% of the basic pay
23.87% of the Basic Pay (Varies based on inflation rates)
City Compensatory Allowance (CCA)
3% or 4%(depending on the place of posting)
7.75% of the basic pay
What are the perks and allowances given to aspirants apart from IBPS PO salary 2021?
Dearness Allowance (DA)
City Compensatory Allowance
House Rent Allowance (HRA)
Travelling Allowance (TA)
Newspaper Allowance, Entertainment Allowance, Books Allowance, etc.
Telephone bill reimbursement
IBPS PO Job Profile 2021
The IBPS PO job is one of the most dynamic when it comes to the banking sector. Aspirants who get selected at first are kept on probation for the initial stage of the exam.
During the probation period they will be trained in routine bank operations like revenue collection, accounting, finance, billing, investment, etc. They will also have to listen to their customers and resolve their issues.
An IBPS PO bank officer will also have to attract new business opportunities to the respective branch.
They will have to manage daily transaction activities related to loans and other transactions.
They will have to maintain public relations and bring issues and grievances of customers to the bank authority to resolve them.
After completing the probation period, aspirants will then get promoted to the Assistant manager post. 3-4 years after serving as an Assistant manager, they will be posted as the branch manager.
IBPS PO Career Growth 2021
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
Chairman and Managing Director
IBPS PO Participating Banks 2021
Bank Of Maharashtra
Bank Of Baroda
Bank Of India
Punjab & Sind Bank
Union Bank Of India
Central Bank Of India
Indian Overseas Bank
Punjab National Bank
Salary articles of other popular competitive exams
Frequently Asked Question (FAQs) - IBPS PO salary 2021 - In Hand Salary,Perks and Allowance, Deduction and more
Question: What's the salary of IBPS PO?
The salary of IBPS PO is Rs. 52000 approx.
Question: Which bank Po gets the highest salary?
The State bank of India, gives the highest salary to its employees.
Question: What is the salary of Bank PO after 5 years?
After 5 years, the salary of a bank PO is expected to be in the price bracket of Rs. 60000.
Question: What are the perks of an IBPS PO?
The perks of an IBPS PO are newspaper allowance, Travel Allowances, medical facility, HRA, DA, and other allowances.
Question: What is the revised in-hand salary of IBPS PO?
As per the revised in-hand salary candidates will be getting Rs. 52,000 to 53,000.
Question: Is it tough to qualify IBPS PO?
No, it is not very tough to qualify in the IBPS PO exam, however, the competition is very tough so candidates must prepare keeping this in mind.
Question: How many stages are there in the IBPS PO exam?
There are 3 stages in the IBPS PO exam - preliminary, mains and personal interview.
Question: Is there negative marking in the IBPS PO exam?
Yes, there is negative marking in the IBPS PO exam and 0.33 marks per question is deducted as negative marks.
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Questions related to IBPS PO
hiiii........my date of birth is 1992,june 11... am i eligible for upcoming ibps po,so notifcations
Firstly, let me tell you that the upper age limit for applying for IBPS post is 28 years. Secondly, In this year you might had been of 29 years, which makes you ineligible for the same. But there are some relaxation for few of the categories, like :
- OBC-NCL: 3 years Relaxation
- SC/ST: 5 years Relaxation
- PWD:10 years Relaxation
- Widows, Divorced women, women legally separated who have not remarried :9 years Relaxation
- Domicile of J&K from January 1, 1980- December 31, 1989: 5 years Relaxation
- Persons affected from 1984 riots: 5 years Relaxation
If you belongs from either of these, then you can apply for relaxation.
Hope this answer will help you.
What is the difference between SBI po and Ibps po
SBI PO exam is only for SBI and its associate banks whereas IBPS PO exam is for rest of the public sector banks.
SBI PO has a higher salary + many more incentives. Work pressure is more in SBI. Opportunities for growth are more in SBI.
SBI is better leaving its work pressure aside.
Hope it helps...
when is ibps po application form releasing ??
Institute of Personnel Banking Selection (IBPS) will release the IBPS PO 2021 application form in online mode on the official website ibps.in in the first week of September. The officials have not yet declared the dates for the release of the application form. Keep an eye on the official website for the latest information. The application form fees can be payed through debit/credit card, net banking, IMPS, cash card and mobile wallets in online mode to make payments.
i am currently in 5 semester means i am in 3 year and i will complete my 3 year in april 2022 can i apply for IBPS PO exam
Hope you are doing well.
Yes, final-year students are eligible to take the IBPS PO exam, but their graduation degree must be completed by August 2022.
Candidates having a Graduation Degree or a Degree equivalent to a Graduation Degree from a university recognised by the Indian State/Central Government. The degree must be earned before August 2022, or before the deadline for submitting the Application Form.
Hope this helps.
ibps po ke liye current affairs kanha se yaad kare
The best way to cover current affairs is to read newspaper on a daily basis, you can refer The Hindu or The Indian Express along with this, refer any business newspaper, since banking exam focuses more on business, finance, economy etc, watch business news channel to keep yourself updated, you can also refer monthly magazines like pratiyogita darpan in case you are unable to read newspaper regularly but newspaper reading is always the best option, you can focus on last three to four months current affairs regarding this.