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The salary of IBPS PO as per the 11th Bipartite Agreement is as follows:
| Components | Amount |
|---|---|
| Basic Pay | Rs. 36,000 |
| Special Allowance | Rs. 5,904 |
| Dearness Allowance | Rs. 8,593.20 |
| CCA | Rs. 1,400 |
| Learning Allowance | Rs. 600 |
| DA Others | Rs. 1,552.50 |
| Housing Rent Allowance | Rs. 3,240 |
| Gross Salary | Rs. 57,289.70 |
| Deduction (Professional Tax & NPS) | Rs. 4,659.32 |
| Net Salary | Rs. 52,630.38 |
In Hand salary of an IBPS PO is Rs. 52,000 to 55,000 with dearness allowances, special allowances, HRA, and other perks. The IBPS PO Gross Salary is around Rs. 57,000 and after deduction of professional tax and NPS, the net in-hand salary remains around Rs. 52,000 to 55,000.
The IBPS PO gross salary comprises Basic, DA, HRA, CCA and Special Allowance. The break up is as follows
| Salary Components | Details |
|---|---|
| IBPS PO Basic Pay | Rs. 36,000/- ( Increment in 4 stages) |
| House Rent Allowances | 7%-9% of the basic pay |
| Dearness Allowance | 23.87% of the Basic Pay (Varies based on inflation rates) |
| City Compensatory Allowance (CCA) | 3% or 4%(depending on the place of posting) |
| Special Allowance | 7.75% of the basic pay |
30th April, 2022
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The IBPS PO 2024 notification is not released yet. We will update the same once the actual notification gets out. According to it, the Probationary Officers exams for PSBs were slated to be conducted on 19th & 20th October 2024, and the Main Exam was scheduled to be conducted on 30th November 2024.
The IBPS PO selection is done in three stages: Prelims, Mains, and interviews. The candidates who will clear each stage will become eligible to be appointed as IBPS POs.
Yes, all graduates are applicable to apply for the IBPS PO exam. There is no required percentage to apply for IBPS PO.
Yes, there is a negative marking for every wrong answer given in the exam. 0.25 of the total marks allotted for that question will be deducted for marking a wrong answer.
Yes, any candidate having a graduation degree can apply for the IBPS PO exam.
All tests are bilingual, i.e., available in both English and Hindi.
Yes, Both in Prelims & Mains Exam.
IBPS PO 2022 prelims exam and mains exam dates will be announced along with the notification soon.
IBPS PO recruitment is conducted to select candidates for the post of Probationary Officers/Management Trainee in 11 public sector banks.
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