IBPS Deputy Manager AI Application Developer Salary 2026, Job Profile, In hand Salary Structure & Benefits

The Institute of Banking Personnel Selection has announced recruitment for the post of Deputy Manager – AI Application Developer (Grade E) on a regular basis. This is a specialized technical role based in Mumbai, designed for experienced AI/ML professionals who want to work on mission-critical banking examination systems. Apart from a challenging job profile, the position offers an attractive salary package and multiple long-term benefits.

IBPS Deputy Manager AI Application Developer Salary 2026

The total emoluments for IBPS Deputy Manager AI Application Developer at the beginning of the scale are approximately ₹90,100 per month, with an annual CTC of around ₹17.15 Lakhs (as on February 2026). The compensation structure includes not just basic pay but also allowances, performance incentives, and institutional benefits, making it a premium opportunity in the banking recruitment technology space.

IBPS Deputy Manager AI Application Developer Basic Pay 2026

The total CTC includes multiple allowances and institutional benefits in addition to the fixed salary component. The compensation details mentioned in the official notification are as follows:

• Grade: E
• Basic Pay: ₹44,900
• Total Monthly Emoluments (Approx.): ₹90,100
• Annual CTC (Approx.): ₹17.15 Lakhs

IBPS Deputy Manager In-Hand Salary

While the gross monthly emolument is around ₹90,100, the in-hand salary will depend on statutory deductions such as:

• Provident Fund contribution
• Professional tax
• Income tax (as per slab)
• Other applicable deductions

After deductions, the approximate in-hand salary may range between ₹75,000 to ₹82,000 per month (subject to tax regime and personal deductions). Since IBPS provides structured benefits, the overall financial package remains highly competitive.

IBPS Deputy Manager AI Application Developer Allowances & Benefits

The Annual CTC of ₹17.15 Lakhs includes several additional benefits as per extant policies:

• Employer’s contribution to Provident Fund
• Medical benefits and Medi-Claim coverage
• Telephone and newspaper bill reimbursement
• Canteen subsidy
• Performance Linked Incentive (PLI)
• Gratuity benefits
• Superannuation benefits

Other institutional benefits may include:

• LTC/HTC facility
• Children education subsidy
• Interest subsidy on housing loan
• House rent reimbursement scheme
• Group personal accident insurance

IBPS Deputy Manager AI Application Developer Annual CTC

The Annual CTC for the IBPS Deputy Manager – AI Application Developer (Grade E) is approximately ₹17.15 Lakhs as per the official notification. This CTC includes the basic pay and additional benefits such as employer’s contribution to Provident Fund, medical coverage, performance-linked incentives, gratuity, and other institutional allowances.

Job Profile of AI Application Developer

As mentioned in the notification, the selected candidate will be responsible for developing and implementing advanced AI and Generative AI solutions for IBPS’s mission-critical systems:

• Designing and deploying Generative AI and LLM-based solutions
• Developing AI/ML pipelines and Agentic AI models
• Building Retrieval-Augmented Generation (RAG) systems
• Managing database connectivity and analytics (MySQL, SQL Server)
• Applying NLP techniques for semantic search and conversational AI
• Ensuring secure and ethical AI deployment as per data governance norms
• Collaborating with IT and cybersecurity teams for AI integration

IBPS AI Application Developer Service Bond & Probation

Candidates selected for this role must execute a Service Bond of ₹2 Lakhs and serve a minimum of 3 years from the date of joining. Failing to complete the bond period will require repayment of the bond amount. Additionally:

• There will be a probation period of 1 year, which may be extended at the discretion of IBPS.
• Posting will be Mumbai only, and candidates must arrange accommodation on their own