IBPS RRB PO Salary 2021: As you, all know the Institute of Banking Personnel conducts recruitment exams for various banking positions for regional and rural banks all over India. The official notification with updated vacancies is also out now for FY 2021-22. The IBPS has also closed the registration intake on June 28, 2021.
Read this article for the list of updated RRB PO vacancies.
IBPS RRB PO is a highly attractive job due to its salary, perks, and career growth opportunities. Many compare RRB PO’s salary with SBI PO which is quite unfair. An SBI Probationary Officer can get placed in high-end and metropolitan cities which incur a high cost of living. However, IBPS RRB PO employees are posted in rural and regional areas which do not demand the high cost of living.
IBPS RRB PO 2021: In-Hand Salary
The in-hand salary for IBPS RRB PO or Officer Scale – 1 is around Rs. 29,000-33,000
The starting or basic pay is Rs. 23,700 which has further add-ons such as dearness allowance, HRA, and other special allowances.
| Annual Increments | IBPS RRB PO In-hand Salary |
| Starting Pay | Rs. 23700 |
| Rs. 980 for the first 7 years | Rs. 30650 |
| Rs. 1145 for the next 2 years | Rs. 32850 |
| Rs. 1310 for the next 7 years | Rs. 42021 |
IBPS RRB PO Job Profile 2021
It goes without saying that once you crack IBPS RRB PO and clear your interview you will be kept under the probation period for two years at your posting. During the probation period, you might get paid less than the normal pay scale.
The following are expected duties of an IBPS RRB PO:
- Credit portfolio rating and loan disbursement
- Management of day-to-day operations at the bank
- Single window-based operations of the bank
- Handling customers and their queries
- Preparation of audit reports, and NPA recovery
- Implementation of agricultural policies and schemes for the rural and regional markets
- Management of all the clerical staff members
IBPS RRB PO Career Growth and Promotions
There are a handful of promotions available for such a position. You can’t deny the fact that IBPS banking offers too many possible promotions during the tenure of a probationary officer.
- IBPS RRB Officer Scale I (PO)
- Assistant Manager
- Deputy Manager
- Branch Manager
- Senior Branch Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
You can expect at least 7-9 promotions till your official retirement from your job. One of the best highlights of being selected as a probationary officer is that you can very quickly become a branch manager which usually isn’t the case for people who start at other banking positions.
IBPS RRB PO Salary 2021: Perks and Allowances
All the scales or positions of IBPS RRB include Dearness Allowances (DA) along with House Rent Allowance (HRA.) The table given below provides detailed information on all the perks and allowances of IBPS RRB Officers.
| 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. |
List of other allowance and perks for IBPS RRB PO:
- Travel allowances: You will be paid in full for all the petrol/diesel related expenses incurred for the official purposes.
- Medical Reimbursement: The general OPD expenses. Cashless hospitalization facilities might be there for the empanelled hospitals.
- Overtime allowance
- Newspaper allowance
- Pension schemes
- Leased Accommodation: Banks at times do provide rented bank quarter or homes. The rent is paid by the banks on the behalf of the employees.
- Miscellaneous
Conclusion
There is no doubt about the fact that IBPS RRB pays its probationary officers very well. The in-hand salary of 29,000-33,000 for an entry level job in rural areas is quite optimal. In addition, the timely promotions given can be very rewarding in the coming future. The house rent allowance, medical cover, and travel allowances can really curb some of the regular expenses of one’s family.
Read this article for tips and tricks for cracking IBPS RRB PO.
If you are really looking forward to this job then you should soon give a free mock test today for assessing your preparation or for becoming aware of the exam pattern, and difficulty. This mock test will also give you the all-India rank which is a critical marker of any aspirant’s success or failure.
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