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IBPS RRB PO Salary 2024, In Hand Salary, Allowance, Pay Scale & Job Profile

Is Salary one of the factors for candidates to join the banking sector? Salary is one of the reasons that attracts aspirants to enter the banking world. The preference choice of banking is also due to several other reasons such as job security and career growth opportunities. What Is The Salary Offered by a Regional Rural Bank to a candidate selected for the position of Officer Scale I? The basic salary for IBPS RRB PO is Rs. 36,000. For In Hand IBPS RRB PO Salary 2024, Allowance, Pay Scale, and Job Profile aspirants can refer the given post.

IBPS RRB PO Salary 2024

IBPS RRB PO Salary 2024 shall be given in the official notification for the IBPS RRB PO Examination. As per the available information, the basic salary for IBPS RRB PO is  Rs. 36000. The salary structure for Probationary Officers in Regional Rural banks becomes more attractive after adding the allowances and benefits. The space below has the complete information on IBPS RRB PO Salary.

IBPS RRB PO Salary Structure

A newly selected RRB PO gets the initial basic pay of rupees 36,000. In the table given below, we have covered the basic pay and the allowances that are added to the IBPS RRB PO Salary.

IBPS RRB PO Salary Structure
Earnings Amount
Basic Salary 36,000
SPL Allowance 5,904
DA 16,740
HRA 2,520
CCA
HFA/BFA
Gross Pay 61,164
Deductions 4,787
Net Pay 56,377

IBPS RRB PO Salary Slip

The Salary Slip proves to be an authentic document providing the salary details of an employee. The various factors included in the salary slip are earnings, deductions, gross pay, and net pay. Here, we have provided the salary slip of an employee working as a probationary officer in a regional rural bank.

IBPS RRB PO Salary 2024, In Hand Salary, Allowance, Pay Scale & Job Profile_3.1

IBPS RRB PO Salary Deductions

There are certain kinds of amounts that are deducted from the gross salary of IBPS RRB PO like provident fund, national pension scheme, etc. The amount is deducted from the retirement benefits of the probationary officers. Candidates can check the kind of deductions done from IBPS RRB PO Salary 2024.

IBPS RRB PO Salary Deductions
Deductions Amount
PT
PF
NPS 4787
Total Deductions 4787

IBPS RRB PO Perks & Benefits

The regional rural banks offer various kinds of perks and allowances to the probationary officer along with basic pay. The complete list of perks and allowances is given below in the tabulated form

IBPS RRB PO Perks & Allowances 
Dearness Allowance 46.5% of the basic pay.
House Rent Allowance For Rural Areas: 5% of the basic pay for Semi-urban Areas: 7.5% of the basic pay

For Urban Areas: 10% of the basic pay

Special Allowances 7.75% of the basic pay.

Apart from the allowances given above, there are also the following perks that are given to RRB PO.

  • City Compensatory allowance
  • Travel Allowances: Banks fully compensate their employees for the amount spent on travelling for official work or they reimburse the petrol/Diesel expenses
  • Leased Accommodation: Banks mostly provide their employees either a bank quarter to stay in or an option to lease a house for which the bank is accountable for providing the rent.
  • Pension scheme
  • Medical Reimbursement
  • Newspaper Allowance
  • Overtime Allowance

IBPS RRB PO Salary: Job Profile & Promotion

Along with IBPS RRB PO Salary 2024, we have also covered the job profile of RRB PO. When a candidate is appointed for the post of IBPS RRB PO he/she undergoes training or is under probation of 2 years. During the probationary period, the candidate receives a fixed amount that is usually less than the normal pay scale. The kind of work that an RRB PO is required to do generally is given below.

  • To manage the day-to-day banking operations.
  • Loan disbursement & credit portfolio rating.
  • To take care of single window operations or being a teller.
  • Focus on the agricultural schemes and policies for the rural market.
  • Preparing the audit reports and NPA recovery also forms a major job task.

Apart from the tasks mentioned here, one also has to take care of in-house staff and manage the clerical staff. Running and operations of banks also rely on the Probationary Officer.

IBPS RRB PO Career Growth

 Given below is the promotional hierarchy for IBPS RRB PO.

  1. IBPS RRB PO
  2. Assistant Manager
  3. Deputy Manager
  4. Branch Manager
  5. Senior Branch Manager
  6. Chief Manager
  7. Assistant General Manager
  8. Deputy General Manager
  9. General Manager

IBPS RRB PO Salary: Know the Annual Package

The IBPS PO annual salary package offers substantial compensation, comprising various components tailored to ensure financial security and stability. The IBPS RRB PO salary structure comprises various components, ensuring a competitive compensation package for successful candidates. The net monthly salary shall be around ₹56,300 (approx.) including various perks and allowances. The IBPS PO salary offers a lucrative annual package along with opportunities for career growth and development. The annual package of IBPS RRB shall be around ₹6,76,500. 

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FAQs

What is the basic salary for IBPS RRB PO 2024?

The basic salary for IBPS RRB PO 2024 is Rs.36,000.

What is the in hand Salary of IBPS RRB PO 2024?

The in-hand salary of IBPS RRB PO 2024 is Rs.56,300 (approx.)

Are there allowances given along with IBPS RRB PO Salary 2024?

Yes, the candidates are given various allowances along with the IBPS RRB PO Salary.

Where can I get information on IBPS RRB PO Job Profile?

The article above has all the information on IBPS RRB PO job profile.

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