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Millions of aspirants feel drawn to IBPS PO Exam, because of the salary package and benefits it offers. It is one of the major reasons why the candidates want to enter into the banking domain apart from security, allowances, and perks it offers. So, let’s check out all the details of the IBPS PO Salary!

IBPS PO Salary 2021

Basic Salary-IBPS PO 2021

The basic salary IBPS PO is Rs 23700 per month. There are other allowances for medical expenses, house rent, travel, and more. Plus, there are several increments that an IBPS PO enjoys with the IBPS PO salary as he/she continues to work in the bank. This Salary structure is based on the 2020 notification released by IBPS.

In addition, every aspirant must also know which option suits him/her financial demands or whether he/she will be happy in fulfilling the responsibilities of the chosen posts happily and satisfactorily before choosing a post.

IBPS PO Salary 2021

IBPS PO Salary in India after the Bipartite Settlement

Bank PO salaries revision takes place on the basis of bipartite settlement. As for the IBPS PO salary 2021, the salary shall be decided based on the Bipartite settlement.

Given below is the IBPS PO Salary structure based on the 2020 notification released by IBPS:

IBPS PO Salary in India- Basic PayRs 23700/ Salary Increment in stages:
*Salary of Rs. 30560/-after 1st Increment
*Salary of Rs. 32850/-after 2nd Increment
*Salary of Rs. 42020/-after 3rd Increment
Dearness Allowance40% of the basic pay (Differs on the basis of inflation rates)
City Compensatory Allowance (CCA)3% or 4% (depends on the place of posting)
House Rent Allowances7%-9% of the basic pay
Special Allowance7.75% of the basic pay
IBPS PO Salary 2021

Allowances-IBPS PO Salary

Apart from the allowances mentioned above, there are other perks that an IBPS PO enjoys along with the salary.

Travel AllowancesPO’s can enjoy full traveling allowance or reimbursement of the money spent on fuel (petrol/diesel).
Leased AccommodationPo’s get a bank quarter to stay in or have an option of getting a house on the lease (rent paid by the bank).
Medical ReimbursementA fixed amount to employees for medical treatment. Most IBPS Banks give a medical aid of around 8000 p.a
Pension Scheme –
Miscellaneous –
IBPS PO Salary 2021

IBPS PO Career Growth

Given below is the journey of an IBPS PO from Middle Manager to Chairman/Managing Director:

  1. Middle Manager – Middle Management Grade Scale 2
  2. Senior Manager – Middle Management Grade Scale 3
  3. Chief Manager – Senior Management Grade Scale 4
  4. Assistant General Manager – Senior Management Grade Scale 5
  5. Deputy General Manager – Top Management Grade Scale 6
  6. General Manager – Top Management Grade Scale 7
  7. Executive Director
  8. Chairman/Managing Director
IBPS PO Salary 2021

IBPS PO Mock Tests for ultimate Success

PracticeMock.com provides brilliant Online Mock Test Series for IBPS PO 2021, which closely emulates the latest exam pattern and level of questions that are asked in the exam. Deepthi’s testimonial above bears witness to our dedication to helping students in the best possible way!

IBPS PO Salary 2021

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To know more about how our Mock Tests can help you to score maximum marks read, IBPS PO-Mock Tests!

Important Articles & Study Material related to IBPS PO 2021 Exams

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