{"id":54066,"date":"2023-08-03T13:04:24","date_gmt":"2023-08-03T07:34:24","guid":{"rendered":"https:\/\/www.practicemock.com\/blog\/?p=54066"},"modified":"2023-08-03T13:04:24","modified_gmt":"2023-08-03T07:34:24","slug":"ibps-po-2023-job-profile-salary-structure-special-allowances","status":"publish","type":"post","link":"https:\/\/www.practicemock.com\/blog\/ibps-po-2023-job-profile-salary-structure-special-allowances\/","title":{"rendered":"IBPS PO 2023 Job Profile, Salary Structure &#038; Special Allowances"},"content":{"rendered":"\n<p>IBPS PO 2023 notification is now out with 3049 vacancies.\u00a0 Those who are preparing for the IBPS PO 2023 exam must be knowing the importance of preparing for the exam well in advance as this is a competitive examination and a lot of hard &amp; smart work is required to crack this one in the very first attempt. As far as the IBPS PO exam dates are concerned, the <a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">IBPS PO prelims exam<\/a> will be held in the months of September\/ October 2023. Though, the exact dates are not out yet, however knowing the exam is more than a month away, aspirants must start preparing for the exam starting today. It is the time when aspirants must start with clearing their concepts and can start preparing by creating a study plan for the same. Many aspirants those who probably are trying for IBPS PO 2023 for the first time may be curious to know IBPS PO salary and job profile etc. In this article we will be discussing about the IBPS PO 2023 Job Profile, salary structure &amp; special allowances and Career Growth.<\/p>\n\n\n\n<p><a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">IBPS PO Prelims Free Mock Test &#8211; Sign Up Now<\/a><\/p>\n\n\n\n<p>Let\u2019s take a look at the IBPS PO 2023 exam dates first:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">IBPS PO 2023 Exam Dates<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Activity<\/strong><\/td><td><strong>Tentative Dates<\/strong><\/td><\/tr><tr><td>On-line registration including Edit\/Modification of Application by candidates<\/td><td>01.08.2023 to21.08.2023<\/td><\/tr><tr><td>Payment of Application Fees\/Intimation Charges (Online)<\/td><td>01.08.2023 to21.08.2023<\/td><\/tr><tr><td>Download of call letters for Pre- Exam Trainingl<\/td><td>September 2023<\/td><\/tr><tr><td>Conduct of Pre-Exam Training l<\/td><td>September 2023<\/td><\/tr><tr><td>Download of call letters for Online examination \u2013 Preliminary<\/td><td>September 2023<\/td><\/tr><tr><td><strong>Online Examination \u2013 Preliminary<\/strong><\/td><td><strong>September\/ October 2023<\/strong><\/td><\/tr><tr><td>Result of Online exam \u2013 Preliminary<\/td><td>October 2023<\/td><\/tr><tr><td>Download of Call letter for Online exam \u2013 Main<\/td><td>October\/ November2023<\/td><\/tr><tr><td><strong>Online Examination \u2013 Main<\/strong><\/td><td><strong>November 2023<\/strong><\/td><\/tr><tr><td>Declaration of Result \u2013 Main<\/td><td>December 2023<\/td><\/tr><tr><td>Download of call letters for interview<\/td><td>January\/ February 2024<\/td><\/tr><tr><td>Conduct of interview<\/td><td>January\/February 2024<\/td><\/tr><tr><td>Provisional Allotment<\/td><td>April 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">IBPS PO Prelims Free Mock Test &#8211; Sign Up Now<\/a><\/p>\n\n\n\n<p>Now coming to the IBPS PO 2023 job profile, salary structure and allowances.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">IBPS PO 2023 Job Profile<\/h2>\n\n\n\n<p>Once a Bank PO is selected, he has to undergo a probation period for 2 years. during which you will be posted at different branches. Once you complete this probation period successfully, you will be posted as an Assistant Manager in that very bank. Mentioned below are the job profile and responsibilities of an IBPS PO.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Customer Relationship &#8211; To deal with customers and maintain &amp; supervise the regular branch activities<\/li><li>To work on daily transactions such as passing a cheque, draft issuance, cash management etc.<\/li><li>ATM\/Accounts Related Queries &#8211; To issue ATM cards, chequebooks, Demand Drafts etc.<\/li><li>To look after public relations, address customer related issues and grievances, for eg. discrepancies in accounts<\/li><li>To approve and monitor daily branch and customer transactions<\/li><li>Loan Processing &#8211; To take care of the loan related documents and to perform on-site visit of the loan applicants as and when required<\/li><li>To work towards increasing the business of the bank viz. managing cash flow, loans and mortgages and finances<\/li><li>To supervise the clerical work, take decisions for the benefit of the bank, etc.<\/li><li>To be aware of the policies and decisions made by the management and to implement those in the functioning of his branch.<\/li><li>To do the planning, budgeting, marketing, loan processing and approval, investment management etc. depending on the work assignment<\/li><li>To be aware of all the latest developments of the bank, to read all the circulars and know about all the decisions taken by the bank management.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">IBPS PO Prelims Free Mock Test &#8211; Sign Up Now<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">IBPS PO 2023 Salary structure<\/h2>\n\n\n\n<p>Salary is one thing that may excite candidates in being a part of a particular organization. Being a good profile, the basic salary of IBPS PO is around 36,000. The IBPS PO 2023 salary structure is like:<\/p>\n\n\n\n<p>23700 &#8211; (980 x 7) &#8211; 30560 &#8211; (1145 x 2) &#8211; 32850 &#8211; (1310 x 7) \u2013 42020.<\/p>\n\n\n\n<p>The salary bifurcation is as follows: The Basic Salary of IBPS PO after 7 Years &#8211; Rs 30,560 Basic Salary of IBPS PO after 7 + 2 Years &#8211; Rs 32,850 Basic Salary of IBPS PO after 7 + 2 + 7 Years &#8211; Rs 42,020<\/p>\n\n\n\n<p><a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">IBPS PO Prelims Free Mock Test &#8211; Sign Up Now<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">IBPS PO 2023 Special Allowances<\/h3>\n\n\n\n<p>Other than the salary part, an IBPS PO is entitled to lot of extra perks and benefits which includes the following:<\/p>\n\n\n\n<p>\u00b7 House Rent Allowance (HRA) It can be 9.0% or 8.0% or 7.0% of the basic salary depending upon the place of posting and it even depends upon the city in which you are posted.<\/p>\n\n\n\n<p>\u00b7 Dearness Allowance (DA) DA is given as a percentage of the basic salary and it varies based on inflation rates. Currently, it is approximately 36.8% of the basic salary and the DA is revised every three months based on the All India Consumer Price Index data.<\/p>\n\n\n\n<p>\u00b7 Special Allowance (SA) It is around 7.75% of the basic pay<\/p>\n\n\n\n<p>\u00b7 City Compensatory Allowance which is again based on the type of city and that can be 3% or 4%.<\/p>\n\n\n\n<p>Apart from these allowances there are:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Leased accommodation<\/li><li>Medical reimbursement<\/li><li>Pension scheme<\/li><li>Travel allowances<\/li><li>Telephone<\/li><li>Benefits under the New Pension Scheme<\/li><li>Petrol etc\u2026<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">IBPS PO Prelims Free Mock Test &#8211; Sign Up Now<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">IBPS PO 2023 Career Growth Path&nbsp;<\/h3>\n\n\n\n<p>The growth or career path for any banking job depends upon your performance and the kind of effort you put in. Same is the case with IBPS PO. Though, there is a huge potential as far as growth opportunities are concerned, but the work has to be in that direction only. You can be promoted to the post of General Manager within a span of just 14 years provided you work hard. Not just this, promotions can take you to different parts of the country and maybe abroad as well. A number of these public sector banks have branches in foreign countries. The IBPS PO 2023 career growth is mentioned below:<\/p>\n\n\n\n<p>\u00b7 Middle Manager \u2013 Middle Management Grade Scale 2<\/p>\n\n\n\n<p>\u00b7 Senior Manager \u2013 Middle Management Grade Scale 3<\/p>\n\n\n\n<p>\u00b7 Chief Manager \u2013 Senior Management Grade Scale 4<\/p>\n\n\n\n<p>\u00b7 Assistant General Manager \u2013 Senior Management Grade Scale 5<\/p>\n\n\n\n<p>\u00b7 Deputy General Manager \u2013 Top Management Grade Scale 6<\/p>\n\n\n\n<p>\u00b7 General Manager \u2013 Top Management Grade Scale 7<\/p>\n\n\n\n<p>\u00b7 Executive Director<\/p>\n\n\n\n<p>\u00b7 Chairman and Managing Director\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">IBPS PO Prelims Free Mock Test &#8211; Sign Up Now<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">IBPS PO Posts-Participating Banks<\/h4>\n\n\n\n<p>Here we have listed out the leading banks participating in IBPS PO Posts 2023:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Canara Bank<\/li><li>Allahabad Bank<\/li><li>Syndicate Bank<\/li><li>Indian Overseas Bank<\/li><li>Andhra Bank<\/li><li>Oriental Bank of Commerce<\/li><li>Central Bank of India<\/li><li>UCO Bank<\/li><li>Corporation Bank<\/li><li>Bank of Baroda<\/li><li>Punjab National Bank<\/li><li>Bank of India<\/li><li>Union Bank of India<\/li><li>United Bank of India<\/li><li>Punjab and Sind Bank<\/li><li>Bank of Maharashtra<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">IBPS PO Prelims Free Mock Test &#8211; Sign Up Now<\/a><\/p>\n\n\n\n<p>In a nutshell, IBPS PO is one of the best entry-level jobs in the banking sector with a lucrative pay package and attractive growth opportunities. What\u2019s more, you also learn a lot of things in this job. So, what are you waiting for? Start preparing for the same today as you already have the IBPS PO 2023 exam dates with you. Sign up for a <a href=\"https:\/\/practicemock.com\/ibps-po\/?ref=8486\">free mock test of IBPS PO 2023<\/a> now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Checkout this IBPS PO 2023 Job Profile, Salary Structure &#038; Special Allowances. Sign up for a free IBPS PO prelims mock test<\/p>\n","protected":false},"author":2,"featured_media":54068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[25],"tags":[3072,1089],"class_list":["post-54066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ibps-po","tag-ibps-po-2023-job-profile","tag-ibps-po-salary"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBPS PO 2023 Job Profile, Salary Structure &amp; Special Allowances - Practicemock<\/title>\n<meta name=\"description\" content=\"Checkout this IBPS PO 2023 Job Profile, Salary Structure &amp; Special Allowances. 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