IBPS Salary 2020: In-Hand Salary and Benefits Of PO , Clerk and SO Salary

IBPS Salary: Institute Of Banking Personnel & Selection is an exam conducting body which conduct exams every year for the recruitment of candidates on three posts namely: PO, Clerk and SO along with RRB PO & Clerk. It has already released the IBPS Exam calendar for all the above mentioned posts. One of the factor that attracts a lot of candidates to apply for these recruitment is the money and perks offered in these posts.We will be covering the salary of all the above mentioned posts in this space. Make sure you bookmark this page for your future reference.

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Check In-Hand IBPS Salary

We will be providing you the in-hand salary of all the posts for which IBPS Conducts examinations like: IBPS PO, Clerk, SO along with RRB PO & RRB Clerk. We are also providing you the detail pages of these posts in case you want more information related to them.

IBPS PO Salary

Given below is the Salary structure breakdown of an IBPS PO

IBPS Bank PO Salary Structure 2020
Basic Pay 23,700
Special Allowance 1,836.75
DA 10,163.63
CCA 870
Total (without HRA) 36,570.38
HRA 2,133.00
Gross with HRA 38,703.38

There is a provision of timely increment of the pay of the IBPS PO officer as given below:

Increment Percentage Basic Pay Gross Salary
15 % Rs.26,706/- Rs.37,068/-
20 % Rs.27,866/- Rs.38678/-
25 % Rs.29,026/- Rs.40,288/-
30 % Rs.30,187/- Rs.41,899/-

For more detailed information Check, What is IBPS PO Salary?

IBPS Clerk Salary 

As per the  IBPS Clerk official notification, The starting Basic Pay for IBPS Clerk is Rs 11,765. The IBPS Clerk pay scale is 11765-655/3-13730-815/3-16175-980/4-20095-1145/7-28110-2120/1-30230/1310-1-31540.
Given below is the breakdown of IBPS Clerk Salary:
Facilities/Salary Amount
Basic Pay 13075
Special Allowance 1561
Travel allowance 425
Dearness Allowance 7073
HRA 980
Total 23115
Gross Salary 23115

There are other allowance for IBPS Clerk which depends on the place of posting. These other allowances are: TA, DA, HRA are added in the salary and the total amount is what a person under IBPS Clerk gets in hand.

Special Allowance It is 7.5 percent of the basic pay, after completion of 1 year it may increase from 400 to 500 Rs.
Dearness Allowance It is 60-70%(approx) percent of the basic pay which is revised quarterly
House rent allowance It depends on the posting of the location. It is highest at 8.5%in the metropolitan cities.
Travel Allowance These expenses are reimbursed by the banks(on official tours and travels only)
Medical Allowance It is 2000/per year.

For more information Check, What is IBPS Clerk 2020?

IBPS SO Salary:

The pay scale of Bank Specialist Officer is 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42020 including Dearness Allowance, HRA, CCA, Medical Aid, Leave Fare Concession etc. and Perquisites like Conveyance, Furniture etc., depending on the place of posting shall be paid as per rules. Thus, we can say a newly recruited Specialist Officer can earn around 38,000 -45,000 INR.

Post Salary
IBPS SO Salary 42020/-

Also Read,

IBPS SO Allowances

IBPS SO Salary- Allowances
House Rent Allowance 7%-9%(Location dependent)
Dearness Allowance Rs 8605.88
Special Allowance 7.75%(Scale I)
City Compensatory Allowance 0-4%(depends on location)
Miscellaneous Rs. 4100

For more information Check, What is IBPS SO Salary?

IBPS RRB Officer Scale I Salary 2020

The pay scale for IBPS RRB Officer Scale-I is Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020. 

Annual Increment IBPS RRB Officer Scale-1 Salary
Starting Pay 23700/-
Rs. 980 for first 7 years 30650/-
Rs. 1145 for next 2 years 32850/-
Rs. 1310 for the next 7 years 42020/-

IBPS RRB Officer Scale I Perks and Allowances

  • Less work pressure and stress as compared to other commercial banks of the country.
  • High possibility of home-posting
  • Employees get 100% DA.
  • Cost of living is low since posting is usually in rural areas.

Also Read,

IBPS RRB Office Assistant Salary

As per the official notification of IBPS RRB Office Assistant, IBPS RRB Office Assistant Pay Scale is Rs. 7200-(400/3)-8400-(500/3)-9900-(600/4)-12300-(700/7)-17200-(1300/1)-18500-(800/1)-19300

Annual Increment IBPS RRB Office Assistant
Starting Pay Rs. 7200
Rs. 400 for first 3 years Rs. 8400
Rs. 500 for next 3 years Rs. 9900
Rs. 600 for the next 4 years Rs. 12300
Rs. 700 for next 7 years Rs. 17200
Rs. 1300 for one year Rs. 18500
Rs. 800 for next one year 19300

IBPS RRB Office Assistant: Perks

  • Basic Pay
  • 100 % Dearness Allowance-
  • City Compensation Allowance
  • House Rent Allowance
  • Management level of RRBs.

For more information Check, What is RRB Salary?

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Check updates related to notification, vacancies, eligibility, exam pattern, syllabus and more related to upcoming bank and insurance exams 2020:

SBI PO 2020 IBPS PO 2020 SBI Clerk 2020 IBPS Clerk 2020
RBI Grade B 2020 RBI Assistant 2020 LIC AAO & AE SEBI Grade A 2020

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