IBPS PO Salary 2018 – Checkout IBPS PO Promotion & Other Benefits

IBPS has been released IBPS PO notification 2018 in 9th August 2018 with 4252 vacancies. The IBPS PO Vacancy has been released for the post of PO-VIII. The Candidates can check the salary & perks in this post. The IBPS PO examination has scheduled on the months of October and November. As the exam is nearly a months away, it is time for the candidates to start the preparation.

IBPS PO Salary Structure in Details

IBPS PO Salary details & Perks
Basic Pay 23700
Special Allowance 1836
DA 10163
CCA 870 
Total (without HRA) 36570
HRA  2133
Gross with HRA 38703
Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500

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Dearness Allowance (DA):

Dearness allowance is 4% of basic pay and revised Quarterly for every 3 months which is  based on banks.

Housing Allowance (HRA):

HRA – House Rental Allowance will be  9% to 7% from the basic salary. It may be vary based on place of posting.

  • Special Allowance – 7.5%
  • After Completion of one year service, you will get an increment of Rs 400 and Rs 500 for 2nd year.

Travel Allowance (TA):

Reimbursement of Official travel will be applicable for IBPS PO.

Medical Allowance:

Medical allowance is paid annually. And for a clerk, it is fixed at Rs 8000.

Note:  Salary is based on Public Sector banks revised banking norms only. To bring to your notice the promotion of an individual is based on the performance alone.

IBPS PO Promotion & Career Progression:

Junior Management Grade – Scale I: Officer i.e. PO
Middle Management Grade – Scale II: Manager
Middle Management Grade – Scale III: Senior Manager
Senior Management Grade – Scale IV: Chief Manager
Senior Management Grade Scale V: Assistant General Manager
Top Management Grade Scale VI: Deputy General Manager
Top Management Grade Scale VII: General Manager
Executive Director (ED)
Chairman and Managing Director (CMD)