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.
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.
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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
| Facilities/Salary | Amount |
|---|---|
| Basic Pay | 13075 |
| Special Allowance | 1561 |
| Travel allowance | 425 |
| Dearness Allowance | 7073 |
| CCA | NA |
| 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. |
| IBPS Calendar 2020-21 | IBPS PO 2020 Syllabus | IBPS PO Final Result 2020@ibps.in | IBPS Clerk Mains Result |
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 PO Previous Years Paper 2016-2019 | Download Now
- IBPS PO Prelims Memory Based Papers: Download Now
- IBPS PO Previous Years Paper 2016-2018 | Download Now
- IBPS PO Mains 2016: Memory Based Paper – English Language
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 |