IBPS PO Salary 2023 In Hand: Check Pay Scale, Salary Slip, Increment Per Year, Allowances
Last Updated: May 25 2023 | Kavi Priya
IBPS PO Salary 2023 in hand: IBPS PO 2023 exam is to recruit talented candidates for the Probationary Officer posts. The IBPS PO Salary 2023 in hand package includes many allowances. The IBPS PO Salary in hand 2023 is shared below. Qualifying candidates will get a lucrative IBPS PO Salary 2023 package. Complete information on IBPS PO Salary Slip 2023 and IBPS PO Salary 2023 In Hand are shared below for banking aspirants. Therefore, candidates can clearly understand the IBPS PO Salary in hand 2023. The IBPS PO Salary 2023 will be as attractive as that of the previous year. Also, for the candidate’s reference, the IBPS PO salary in hand for freshers is derived. Check the IBPS PO salary increment per year tabulated below. Check the article to know the latest IBPS PO Salary slip 2023.
IBPS PO Syllabus 2023 PDF Download
IBPS PO Salary 2023
The IBPS PO Salary 2023 basic pay for a newly appointed candidate will be Rs. 36,000. Along with this IBPS PO Salary 2023, several other allowances will add on. Allowances such as Special Allowances, Housing Rent Allowances, Dearness Allowances, etc will come under the IBPS PO Salary 2023. The IBPS PO Salary 2023 will also include City Compensation Allowances, Learning Allowances, and DA other Allowances. Go through more to get info regarding the IBPS PO salary 2023 in hand pay and the latest IBPS PO salary slip 2023.
IBPS PO Salary In Hand 2023
Thereby, including the above-mentioned IBPS PO Salary 2023 allowances, the net IBPS PO salary 2023 in hand will be approximately Rs. 52,630.38. The IBPS PO Salary increment per month will be decent. On a timely basis, the IBPS PO salary increment per year might vary. The IBPS PO Salary 2023 in hand package ranges between Rs. 52,000 to 55,000 as per the location. This IBPS PO Salary in hand 2023 includes dearness allowances, special allowances, HRA, and other perks. After a deduction from the gross pay, you can get the net IBPS PO Salary 2023 in hand.
IBPS PO Salary Slip 2023
The IBPS PO Salary Slip 2023 is the right way to understand the complete breakdown of the IBPS PO Salary in hand 2023. The IBPS PO Salary 2023 will be as impressive as the previous year. The IBPS PO Salary Slip 2023 will ensure to provide information regarding the gross pay, allowances, deductions, and net pay. This will help you know the exact IBPS PO Salary 2023 in hand. The gross IBPS PO salary 2023 will be the sum of your basic pay and allowances. Also, if the deductions are excluded from the gross pay, then you may derive the net IBPS PO Salary in hand 2023. Check the details of the sample salary slip in the table below to know the IBPS PO Salary Slip 2023.
IBPS PO Syllabus & Exam Pattern 2023
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IBPS PO Salary Slip 2023 |
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IBPS PO Salary 2023 Allowances |
Amount |
Deductions/Recoveries |
Amount |
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IBPS PO Salary 2023 Basic Pay |
Rs. 36,000.00 |
Prof. Tax |
Rs. 200.00 |
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D.A. |
Rs. 8,593.20 |
Mem. Cont. To NPS |
Rs. 4,459.32 |
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H.R.A. |
Rs.3.2240.00 |
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C.C.A. |
Rs. 1,400.00 |
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Spl. Allow. |
Rs. 5,904.00 |
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DA Other |
Rs. 1,552.50 |
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Learning Allowance |
Rs. 600.00 |
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IBPS PO Salary 2023 (Gross Pay) |
Rs. 57,289.70 |
Total Deductions |
Rs. 4,659.32 |
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Net IBPS PO Salary 2023 in hand |
Rs. 52,630.38 |
IBPS PO Salary 2023: Perks and Allowances
The IBPS PO salary in hand 2023 includes several allowances. These allowances will enhance your IBPS PO Salary 2023 to a higher level. Thereby, it will result in a clear rise in your IBPS PO Salary per month. As per the IBPS PO Salary Slip 2023, the basic pay and allowance will increase in the following years. The IBPS PO Salary 2023 has additional perks that are explained below.
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IBPS PO Salary 2023: Perks and Allowances |
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Allowance Details of IBPS PO Salary 2023 |
Amount |
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House Rent Allowances |
7%-9% of the basic pay |
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Dearness Allowance |
23.87% of the Basic Pay (Varies based on inflation rates) |
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City Compensatory Allowance (CCA) |
3% or 4%(depending on the place of posting) |
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Special Allowance |
7.75% of the basic pay |
IBPS PO Salary 2023: House Rent Allowance
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HRA varies according to the place of posting and can be 9.0% or 8.0% or 7.0% of the basic salary depending upon the type of cities (i.e., metros, big cities, or other locations).
IBPS PO Salary 2023: Dearness Allowance
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DA is given to the employees as a percentage of the basic salary.
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This is revised every three months based on the All India Consumer Price Index data published by the Ministry of Statistics and Program Implementation, Government of India.
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The Bank unions are determined to make it a monthly revision in the impending wage settlement.
IBPS PO Salary 2023: Special Allowance
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This SA allowance has been included in the last wage revision for the banks.
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It is about 7.75% of the basic pay.
IBPS PO Salary 2023: City Compensatory Allowance
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The CCA is based on the type of city; it might be 0%, 3%, or 4%.
IBPS PO Salary 2023: Other Allowances
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Some other perks of an IBPS PO are Learning Allowance, Traveling Allowance, Newspaper Reimbursement, Medical Aid, Benefits under New Pension Scheme, etc.
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If we sum up then the salary may be Rs. 52,000+
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IBPS PO Salary 2023: Additional Perks
The IBPS PO Salary 2023 structure is wholesome and eligible for various perks and IBPS PO level benefits. The IBPS PO salary increment per year is quite convincing. The IBPS PO salary per month includes every allowance. Considering the IBPS PO Salary 2023, the pay scale will be highly profitable. The additional perks of the IBPS PO Salary 2023 are discussed here.
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Leased Accommodation – This benefit is dependent upon the place of posting and is available to the bank officers. Some banks provide official bank accommodation/bank quarters instead of leased housing.
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Travelling Allowance – Most banks provide a fixed Traveling Allowance and reimbursement of petrol bills.
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Medical Aid – Revised price is Rs. 8000/- p.a. for the employee.
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Newspaper Reimbursement – A fixed monthly amount.
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Coverage under New Pension Scheme.
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IBPS PO Job Profile 2023
The IBPS job profile is explained here. Though the IBPS PO Salary Increment per year is wholesome, the initial days of a newly appointed IBPS PO candidate will undergo training during which the IBPS PO salary per month might not be the same amount. The IBPS PO Salary during the probation period will be fixed by the board and it might not be the same as the usual IBPS PO Salary 2023. After receiving the IBPS PO Salary 2023 during the probation period, candidates will receive attractive pay along with additional allowances and benefits. Discussed below is the IBPS PO job profile. Candidates check the IBPS PO job profile given below.
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Perform day-to-day banking operations such as finance, accounting, and billing.
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Take care of the investment, revenue collection, etc.
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Resolve queries of customers.
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Maintenance and supervision of their respective branch activities.
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Approach new business opportunities in the branch.
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Direct the daily transaction activities.
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Direct loans related activities.
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Maintain public relations with the customers.
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Report issues and grievances to the bank authority.
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IBPS PO Career Growth
The IBPS PO career growth will be based on their performance, experience, and knowledge. However, a candidate has to clear certain exams conducted by IBPS to get promoted. The post of Probationary Officer is to supervise and maintain their respective bank branch activities. As mentioned before, the IBPS PO salary 2023 in hand falls between Rs. 52,000 and 55,000, whereas the IBPS PO Salary 2023 during the probation period is fixed by the board and might be less than the actual pay. Upon completing the IBPS PO probation period, the candidate will be appointed as a regular serving employee. Take a look at the IBPS PO career growth promotional hierarchy shared below.
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Middle Manager – Middle Management Grade Scale 2
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Senior Manager – Middle Management Grade Scale 3
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Chief Manager – Senior Management Grade Scale 4
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Assistant General Manager – Senior Management Grade Scale 5
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Deputy General Manager – Top Management Grade Scale 6
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General Manager – Top Management Grade Scale 7
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Executive Director
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Chairman and Managing Director
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IBPS PO Salary 2023 - FAQ's
The commonly searched and frequently asked questions about IBPS PO Salary 2023 are listed below for a candidate’s quick reference. Other questions related to the IBPS PO salary in hand 2023 are also included.
Q: What is the basic IBPS PO salary 2023?
The candidate who gets appointed as an IBPS PO will receive an IBPS PO Salary 2023 basic pay of Rs.36,000.
Q: What is the use IBPS PO salary slip 2023?
The IBPS PO salary slip 2023 is useful to know the actual basic pay, allowances, deductions, gross salary, and the net in hand package.
Q: What is the net IBPS PO salary 2023 in hand?
The IBPS PO salary in hand 2023 net pay is approximately Rs.52630.
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