IBPS PO Salary After 5 Years: This article explains to you in detail the IBPS PO Salary After 5 years, Salary Structure, Pay Scale, Perks & Benefits, and Promotion. Aspirants who are going to apply for IBPS PO and are eagerly preparing for the examinations must have to go through this IBPS PO Salary After 5 Years fully and know the complete updated details. Institute of Banking Personnel Selection has conducted a recruitment drive throughout India to select eligible candidates for the post of Probationary Officer-Management Trainee. IBPS PO is one of the most sought-after banking exams in the country. IBPS PO Compensation package is provided below. The selection process has been done on the basis of Prelims, Mains & Interviews. After clearing the exam, candidates are provisionally allotted to the post of Probationary Officer in any one of the 11 participating banks. A handful of salary along with perks and benefits which in turn tempts the aspirants to apply for the government job. Candidates applying for the IBPS PO Notification are inquisitive to know the IBPS PO Salary After 5 years. So, in this article, we have updated the details of IBPS PO Salary 2023 along with the information on In-hand Salary, allowance, perks, job profile, and promotion criteria. Ok, let’s have a look at this IBPS PO Salary After 5 years.
IBPS PO 2023 Apply Online
Page Contents
Banks Participating in IBPS PO Recruitment:
Here we have updated the complete list of banks that have participated in the IBPS PO 2023 Recruitment.
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Indian Bank
- Indian Overseas Bank
- Punjab National Bank
- Punjab & Sind Bank
- UCO Bank
- Union Bank of India
IBPS PO Mock Test Series
IBPS PO Salary 2023 Structure After the 11th Bipartite Settlement:
Provisionally allotted candidates for the post of IBPS PO will be placed in the position of Junior Management Grade Scale 1 or JMGS-I. The JMGS 1 term is generally used to refer to the officers who have just entered the Officer Cadre after promotion from the Clerical Cadre.
The IBPS PO Salary After the 11th Bipartite Settlement, the basic pay of IBPS PO is Rs 36,000/- Additionally, other allowances such as Dearness Allowance(DA), House Rent Allowance(HRA), City Compensatory Allowance (CCA), and Special Allowances are also there. Check the complete details of IBPS PO Salary After the 11th Bipartite Settlement from here.
| Type of Pay | Amount |
| Basic Pay | Rs 36,000/-Â ( Increment in 4 stages) |
| Special Allowances | Rs. 5,904 (7.75% of the basic pay) |
| Dearness Allowances | Rs. 8,593.20 (23.87% of the Basic Pay (Varies based on inflation rates) |
| City Compensatory Allowances | Rs. 1,400 (3% or 4%(depending on the place of posting) |
| House Rent Allowance | Rs. 3,240 (7%-9% of the basic pay) |
| Gross with HRA | Rs 38, 703.38 |
| Medical Aid | Rs 8000 |
| Entertainment | Rs 500 |
| Newspaper | Rs 300 |
| Petrol | Rs 3000 |
| Telephone | Rs 400 |
| Canteen Subsidy | Rs 400 |
| Pension Contribution | Rs 25000 |
| Deduction | Rs. 4,659.32 |
| Gross Annual CTC(with HRA but without leased accommodation) | Rs. 57,289.70 |
IBPS PO Syllabus
IBPS PO Perks And Allowances
Candidates will get the salary along with some additional perks and benefits. Here we have updated the IBPS PO Perks and Allowances for IBPS PO.
- IBPS PO House Rent Allowance (HRA): House Rent allowance varies according to a place of posting and usually is in the range of 9.0% or 8.0% or 7.0% of the basic salary depending upon the type of city (i.e., metros, big cities or other locations).
- IBPS PO Dearness Allowance (DA): Dearness Allowance (DA) is given to the employees as a percentage of the basic salary. This dearness allowance is revised every three months based on the All India Consumer Price Index(CPI).
- 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.
- Special Allowance (SA): This allowance is recently added to the wage and it is about 7.75% of the basic pay. It came into effect from 01.01.2016.
- Travelling Allowance – Most banks provide a fixed Traveling Allowance and reimbursement of petrol bills.
- City Compensatory allowance:Â It varies from city to city and based on the type of city, it might be 0%, 3%, or 4%.
- Medical Aid – Revised price is Rs 8000/- p.a. This is the amount for the medical needs of the employee.
- Newspaper Reimbursement: A fixed monthly amount for newspaper service.
- Coverage under New Pension Scheme.
IBPS PO Salary After 5 Years:
If you are a Scale-1 officer, the IBPS PO Salary after 5 years as per the current figures shall be around ₹ 47, 587.81 as there are annual increments after each year in Basic Salary of ₹ 980/-. Along with the additional allowances up to ₹ 10,000 /- to ₹ 15, 000/- can get. Hence the gross amount IBPS PO Salary After 5 years shall be around ₹ 60,000/- to ₹ 65,000/-.
IBPS PO Previous Year Question Paper
IBPS PO Promotion:
IBPS PO has great career growth for the employees that makes them a bright future. The banks follow uniform guidelines issued by the Ministry of Finance, Government of India, regarding promotion policy matters. The IBPS PO Promotion has been channelized into 2 ways one is a merit channel and another one is a normal channel. You can learn about the complete details from the link given below:
Promotional Channels
As the career of the probationary officer grows the scale and salary of the person increase.
| Grade | Basic Salary |
| MMGS II (Middle Management Grade Scale-II) | ₹ 31,705 to ₹ 45,950 |
| MMGS II (Middle Management Grade Scale III) | ₹ 42,020 to ₹ 51,490 |
| SMGS IV (Senior Management Grade Scale IV) | ₹ 50,030 to ₹ 59,170 |
| SMGS V (Senior Management Grade Scale V) | ₹ 59,170 to ₹ 66,070 |
| Scale | Post-Name |
| Scale 1 | Assistant Manager |
| Scale 2 | Manager |
| Scale 3 | Senior Manager |
| Scale 4 | Chief Manager |
| Scale 5 | Assistant General Manager |
| Scale 6 | Deputy General Manager |
| Scale 7 | General Manager |
Download IBPS PO Free PDFs
IBPS PO Salary After 5 Years FAQs:
Here we have provided the common FAQs regarding the IBPS PO Salary After 5 Years for your reference.
Q: How much will be the IBPS PO Salary After 5 Years?
A: IBPS PO Salary after 5 years will be around ₹ 47, 587.81/-
Q: What will be the IBPS PO Salary After 11th Bipartite Settlement?
A: The IBPS PO Salary After 11th Bipartite Settlement will be around ₹ 57,289.70/-
