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IBPS RRB Salary 2024 Post-Wise In-Hand Salary, Pay Scale, Allowances, & Benefits

IBPS RRB Salary

Candidates who are preparing for the IBPS RRB 2024 are eager to know the pay scale, in-hand salary, job emoluments & perks offered to IBPS Clerk, PO, Scale II, and III officers. Salary is one of the motivating factors to prepare for the exam. Along with basic pay RRBs provide various perks and allowances to their employees. In this article, the IBPS RRB salary has been discussed in detail.

IBPS RRB Salary 2024

RRB offers a lucrative salary along with various perks and allowances to its employees. Before looking at the post-wise salary structure of IBPS RRB, let us look at the IBPS in hand salary that has been given in the table below

IBPS RRB Basic Pay 2024

IBPS RRB Posts IBPS RRB salary (In-hand Salary)
IBPS RRB Clerk Rs. 35,000 – Rs.40,000
IBPS RRB Officer (PO) Rs. 53,000 – Rs. 57,000
Officer Scale-II Rs. 70,000 – Rs. 75,000

IBPS RRB Salary Structure

The salary structure provided below is as per the initial basic pay i.e. the individuals who are newly appointed in the RRBs. The below section tells us the post-wise salary structure of the Regional Rural Bank Employees.

IBPS RRB Clerk Salary Structure

Complete Details about IBPS RRB Salary: One of the factors that entice young and bright candidates to be a part of this profession is the salary. A Candidate once selected in the clerical cadre gets the In-Hand Salary of IBPS RRB Office Assistant varies from Rs. 35,000 – 40,000/-. This salary may vary for different organizations. Recruits get 46.5% DA. The pay scale of an IBPS RRB Office Assistant or IBPS RRB Clerk is given in the table below:

IBPS RRB Clerk Salary Structure
Earnings Amount (Rs.)
Basic Pay 19,900.00
SPL Allow 3,263.60
DA Amount 8,049.17
HRA Amount 2,167.88
CCA Amount 0.00
HFA/BBA 0.00
NPS 2,812.00
Cash 1,250.00
Gross Pay 37,442.65

*Kindly note that salary varies based on place of posting. A candidate working in a semi-urban area will get a higher salary than a candidate working in a rural area.

IBPS RRB PO Salary Structure

IBPS RRB PO is one of the coveted jobs in India. This is one job for which almost every banking aspirant applies because of the great salary, perks, and career opportunities ahead. The salary of an IBPS RRB PO is the pay scale for IBPS RRB Officer Scale 1(PO) Salary is given in the table below:

IBPS RRB PO Salary Structure
Earnings Amount (Rs.)
Basic Salary 36,000.00
SPL Allowance 5,904.00
DA 16,740.00
HRA 2520.00
CCA
HFA/BFA
Gross Pay 61,164.00

*Kindly note that this salary is the general salary, the salary & other perks differ from bank to bank and area of location as well. For ex- If someone is posted in Mathura then his/her salary might be greater than the one posted in a more rural area and hence the difference occurs.

IBPS RRB Scale II Officer Salary Structure

IBPS RRB Scale II officer is also recruited directly through IBPS RRB Recruitment but experience is required to apply for a particular field. Scale II officer is a senior level post than RRB PO therefore the pay scale is also high and the gross amount which a scale II officer gets is around 74,000 rupees

IBPS RRB Scale II Officer Salary Structure
Earnings Amount (Rs.)
Basic Pay 48,170.00
DA 14,679.00
HRA 3,371.00
SPA 7,899.00
Gross Amount 74,119.00

IBPS RRB Salary 2024: Deductions

Various deductions are mandatory for the organisation to deduct from the gross salary. Some of them are statutory such as pensions scheme, provident fund, etc. The deductions are applicable for all the employees including clerks, POs, Scale II Officers, etc.

IBPS RRB Salary Perks & Allowances 

House Rent Allowance (HRA) and Dearness Allowances (DA) are some perks that are included with IBPS RRB Salary. Other Allowances that are given with the salary are mentioned in the table below:

IBPS RRB Salary 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 these allowances, several benefits are given along with the IBPS RRB Salary, they are:

  • Travel Allowances: A candidate appointed as officer scale-I gets a full travelling allowance or reimbursement of the money spent on petrol/diesel.
  • Leased Accommodation is provided to the candidate.
  • Medical Reimbursement is provided to the candidate.
  • Pension Schemes are available to the candidate
  • Overtime Allowance is available to the candidate
  • Newspaper Allowance is available to the candidate

IBPS RRB Job Profile & Promotion

Candidates must check the job profiles of the coveted positions in IBPS RRBs before filling out the online application form. Below is the detailed job profile and responsibilities of IBPS RRB Clerk and PO.

IBPS RRB Clerk Job Profile

Once a candidate is appointed as an IBPS RRB Clerk then he/she is under training which is also known as a probation period of 6 months. Given below is the job profile of a candidate working as a clerk:

  1. Handle Receipts: A candidate selected as an Office Assistant receives and acknowledges cash, drafts, cheques, pay orders, and other instruments.
  2. Handle Withdrawals: A candidate selected as an Office Assistant handles the Passing and paying out cash payment of withdrawal forms, cheques, etc
  3. Handle mail and delivery: A candidate selected as an Office Assistant also has to acknowledge inward mail, prepare outward mail, and manage the delivery of chequebooks.

IBPS RRB PO Job Profile

Once a candidate is selected as an RRB PO, he/she undergoes training also known as probation of 2 years. While the candidate is under his/her probation period, he/she will receive a fixed amount that is usually less than the normal pay scale. Given below is the IBPS RRB PO job profile for the candidates selected for IBPS RRB Officer Scale I (PO):

  • A candidate selected as IBPS RRB Officer Scale-I has to manage the day-to-day banking operations.
  • A candidate selected as IBPS RRB Officer Scale-I has the responsibility of Loan disbursement & credit portfolio rating.
  • A candidate selected as IBPS RRB Officer Scale-I has to take care of single window operations or be a teller.
  • A candidate selected as IBPS RRB Officer Scale-I has to focus on the agricultural schemes and policies for the rural market.
  • A candidate selected as IBPS RRB Officer Scale-I has to Prepare the audit reports and NPA recovery also forms a major job task.

IBPS RRB Officer Assistant Career Growth

The career growth of an office assistant is great. The promotional criteria differ from bank to bank. There is no interview in IBPS RRB Clerical and hence it is easier for a candidate to join the bank in the clerical cadre. Certain banks offer promotions up to Scale IV while some banks offer promotions up to Scale-V. You can also get some certification from IIBF by clearing JAIIB as it will give a great boost to your career.

IBPS RRB Officer Scale I Career Growth

IBPS RRB Officer Scale-I: Given below is the promotional hierarchy for IBPS RRB Officer Scale I is shown below:

  1. IBPS RRB Officer Scale I (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 Salary: Know the Annual Package

The IBPS RRB annual package varies based on various factors such as post, location, particular RRB, and additional allowances provided. The IBPS RRB Annual Package shall be increased at regular intervals mostly every year. The range of annual Package is tabulated below

IBPS RRB Annual Package
Posts Annual Package (Range)
IBPS RRB Clerk Rs. 4.2 lakhs – Rs. 4.8 lakhs
IBPS RRB Officer (PO) Rs. 6.3 lakhs – Rs. 6.8 lakhs
Officer Scale-II Rs. 8.4 lakhs – Rs. 9 lakhs

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Related Posts
IBPS RRB Notification 2024 IBPS RRB PO Syllabus
IBPS RRB Clerk Syllabus IBPS RRB Previous Year Papers

IBPS RRB Salary 2024 Post-Wise In-Hand Salary, Pay Scale, Allowances, & Benefits_4.1

FAQs

What is the In-Hand Salary of IBPS RRB Clerk 2024?

The In-Hand salary of an IBPS RRB Clerk ranges between Rs. 35,000-40,000.

What is the basic salary of IBPS RRB PO?

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

What is the prelims exam date for the IBPS RRB Clerk and PO?

The prelims exam dates for the IBPS RRB Clerk and PO are 03, 04, 10, 17 & 18 August 2024.

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