IBPS PO Salary: The Probationary Officer post is a very good rank to start the govt jobs in banks after graduation. The Probationary Officer post will provide you with a salary of Rs 36000. As per the recent updates, the govt is going to increase the basic pay for all of the posts in the banks by 17%, This is a huge increment in the basic pay of the bank profession.
According to the new wage rules, the Probationary Officer posts will give the freshers a salary of Rupees 50000 approx. The employees will get all of the possible allowances on the Probationary Officer posts, check the complete details below.
IBPS PO Salary: Overview
| Vacancy Name | Probationary Officer Post/PO |
| Monthly Renumurtion | Rupees 52000 |
| Authority Name | Institute of Banking Personnel Selection/IPBS |
| Other Perks | DA/ LTC/HRA, Child Education Allowance, etc |
| Portal Link | https://www.ibps.in/ |
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IBPS Probationary Officer Salary Structure
The banking job provides the basic salary to the employees and the people who are in the PO or other posts will get all of the allowances which are written in the below table. The basic salary of the person decides the overall salary and the DA/TA other allowances will be calculated as a percentage of the basic salary, for the PO posts, the detailed structure of salary is represented below.
| Category | Amount | Worth |
|---|---|---|
| Basic Salary of PO | Rupees 36000 per month | Rupees 36000 per month |
| HRA Allowance for PO | 7% to 9% of the Basic Salary | Rupees 3240 per month |
| DA Allowance for PO | 23.87% of the Basic Salary | Rupees 8593 per month |
| Special Allowance for PO | 7.75% of the Basic Salary | Rupees 5904 per month |
| CCA/LOC Allowance for PO | 3% to 4% It depends on the job location | Rupees 1400 per month |
| DA Allowance for PO | Rupees 1552 per month | Rupees 1552 per month |
| Learning Allowance for PO | Rupees 600 per month | Rupees 600 per month |
| NPS Contribution to PO | Rupees 4459 per month | Rupees -4459 per month |
| Professional Tax for PO | Rupees 200 per month | Rupees -200 per month |
| Gross Income of PO | Rupees 57289 per month | Rupees 52630 per month |
| In-Hand Salary of PO | Rupees 52630 per month | Rupees 52630 per month |
Promotion Opportunities for IBPS PO
The Probationary Officer posts comes at the second level in the Bank. We are going to explain the levels of the posts in the bank below.
- Clerk – Level 1
- Probationary Officer- Scale 1- Level 2
- Manager- Scale II- Level 3
- Chief Manager- Scale III- Level 4
- Assistant General Manager- Scale IV- Level 5
- Dupty General Manager- Scale V- Level 6
- General Manager- Scale VI- Level 7
- Executive Director- Level 8
- Chairman and Managing Director- Level 9
The person who started in the Clerk post can reach the top management level in his career.
Job Profile for IBPS PO/ Probationary Officer
Let’s check the duties of the Probationary Officer posts. The person on the Probationary Officer post is accountable for the below work.
- Finance of the branch
- Accounting works
- Investment deals of the customers
- To manage revenue and billing for companies
- To address customer issues and queries
- To target new business for the bank branch
- To verify loan processes