IBPS PO/ MT Salary 2022 (Latest) | In-hand salary, Salary Increment, & More

IBPS PO/ MT Salary 2022 | IBPS PO Salary increment per year | IBPS PO promotion | IBPS PO salary after 10 years | IBPS PO salary slip | IBPS Probationary Officer Salary Slip | IBPS PO Salary 2022 | IBPS PO/MT Job Profile

IBPS PO/ MT Salary 2022 | IBPS PO Salary After Bipartite Settlement: The Institute of Banking Personnel Selection (IBPS) conducts a recruitment drive every year to fill the vacancies for the posts of Probationary Officers (PO)/ Management Trainees (MT).  Most of the entrants who want to apply for PO/MT are interested to know the details about their salary scale after joining the job. In this linked article we have provided a detailed guide about Salary Scale, Job Profile, Career Growth, Allowances, Promotion Policy, increment, etc. for MT/PO posts along with Salary Structure and other benefits. Formerly, Commission released IBPS PO/MT Notification 2022, 6432 Vacancies for Probationary Officers (PO)/ Management Trainees (MT). Challengers who are concerned about IBPS PO/ MT Recruitment 2022 must note the benefits they will get after clearing the exam and prepare for it with all their efforts.  After participating and passing, challengers can be recruited for the post of PO/ MT, if the candidate does not want to appear in the exam, they will be promoted to the post of Probationary Officers (PO)/ Management Trainees (MT) after the normal number of years of service as an IBPS employee. Applicants who are looking for Bank jobs are advised to apply online for this IBPS PO recruitment @www.ibps.in recruitment 2022.

Updated IBPS PO 2022, Salary is decided as per the 11th Bilateral Agreement in November 2020. Basic Pay Rs.36000/- and revised IBPS PO Salary effective from November 2017. Furthermore, they can apply for higher positions once they gain the necessary experience. We would like to inform fascinated nominees about career opportunities and promotions in this field. In this article, you can get detailed information about  IBPS PO salary after 2 years, IBPS PO salary after 5 years, IBPS PO salary after 10 years, IBPS PO salary slip, IBPS PO promotion, etc. To get the latest Central Govt Jobs, click here

Notification Details
RecruiterIBPS
DesignationPO/MT
Exam NameWritten Test
Job LocationAnywhere in India
Vacancies/PostVarious
Official Websitehttp://ibps.in
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IBPS PO In-hand Salary

The starting pay for an IBPS Probationary Officer is Rs.52000 to 55000 with concessions, special steps, HRA, and other benefits. IBPS PO’s gross salary is around Rs.57000 and after deduction, the net salary is Rs.52000 to 55000. Get the latest Freshers Jobs here

IBPS PO Job Profile

IBPS PO is one of the reputed jobs in the banking sector and offers many lucrative benefits to the employees. A probationary officer is trained in various functions such as finance, accounting, billing, investment, revenue collection, etc. during their probationary period to familiarize himself/herself with banking practices. Get the latest Diploma Jobs, here

  • Resolving customer queries of the branch
  • Maintenance and supervision of routine branch operations
  • Public relations and addressing customer issues and grievances
  • To run daily transactions of customers and process loans details
  • Bringing new business to the bank branch

IBPS PO/ MT Promotion

  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 and Managing Director

Promotion Policy of an IBPS PO

Most of the public sector banks follow the uniform guidelines issued by the Ministry of Finance, Government of India in matters of incentive policy. Public sector banks follow two channels in the matter of promotion namely the merit channel and the normal channel. Get the Graduate Jobs here

Promotional Channels for PO in Public Sector Banks

  1. MMGS II (Middle Management Grade Scale II)
  2. MMGS II (Middle Management Grade Scale III)
  3. SMGS IV (Senior Management Grade Scale IV)
  4. SMGS V (Senior Management Grade Scale V)

IBPS PO Salary 2022 | IBPS MT Salary 2022

As per the official data, an IBPS PO gets a fine-looking salary with over a dozen perks and benefits, which motivates government job aspirants to enroll in this job. Spaced out from IBPS PO Salary, security, lucrative perks and allowances are one of the main reasons for aspirants to enter the banking field. Nominees preparing for IBPS PO 2022 must be inquisitive about IBPS PO Salary 2022. Get the current job openings details here

IBPS PO Salary Structure 2022

IBPS offers lucrative salaries to their Probationary Officers which is the main reason why every year graduates rush to get this job opportunity. Many bank aspirants are confused about salary payments as per the 7th Pay Commission

Pay Type Amount
Basic Pay Rs 36,000/-
Special Allowances Rs. 5,904
Dearness Allowances Rs. 8,593.20/-
City Compensatory Allowances Rs. 1,400/-
House Rent Allowance Rs. 3,240/-
Learning Allowance Rs. 600/-
Other Allowances Rs, 1552.50/-
Gross with HRA Rs 57,289.70/-
Deduction Rs. 4,659.32/-
Net Salary Rs. 52,630.38/-

IBPS PO Salary In India After Bipartite Settlement

Pay revision is done once in five years in public sector banks. The 11th Bilateral Settlement came into effect on November 1, 2017. The revised IBPS PO Salary is based on the revisions made in the bilateral settlement. So, Salary for IBPS PO 2022 is decided based on the 11th Bilateral Agreement.

IBPS PO/ MT Salary Slip

IBPS PO Salary Slip

IBPS Bank PO Perks & Allowances 2022

As mentioned earlier, not only the salary but also the perks and allowances one gets as an IBPS PO. Benefits enjoyed by IBPS PO are as follows

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

IBPS PO House Rent Allowance (HRA)

It varies according to the place of posting and maybe 9.0% or 8.0% or 7.0% of the basic salary depending on the type of city

i.e. metros, big cities, or other locations

IBPS PO Dearness Allowance (DA)

Dearness Allowance (DA) is paid to employees as a percentage of basic salary (in January 2016, it was around 39.8% of basic salary, reduced to 23.87% in November 2017) which is revised every three months. Based on All India Consumer Price Index data published by the Ministry of Statistics and Planning, Government of India. Bank unions are determined to make the upcoming wage settlement a monthly revision.

IBPS PO Special Allowance (SA)

This stipend has been included in the last pay revision for banks. It is 7.75% of basic pay. It came into effect in November 2017.

IBPS PO City Compensatory Allowance (CCA)

Based on the type of city, it might be 0%, 3%, or 4%

IBPS Bank PO Perks & Allowances 2022

Leased Accommodation:

This benefit depends on the place of posting and is available to Bank Officers. Some banks offer official bank accommodation/bank quarters instead of leased houses.

Travelling Allowance:

Most banks reimburse fixed travel allowance and petrol charges

Medical Aid:

Revised Rate Rs.8000/- p.a. this is the amount for the medical necessity of the employee.

Newspaper Reimbursement:

A fixed monthly amount for newspaper service.

Coverage under New Pension Scheme:

IBPS PO Career Growth

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 and Managing Director

Banks Participating In IBPS PO 2022

1. Bank of Baroda
2. Bank of India
3. Bank of Maharashtra
4 Canara Bank
5. Central Bank of India
6. Indian Bank
7. Indian Overseas Bank
8. Punjab National Bank
9. Punjab & Sind Bank
10. UCO Bank
11. Union Bank of India

Conclusion

The career development offered to a probationary officer is very attractive, offering wide opportunities even after the aspirant gets the job. Based on their performance, experiences and knowledge, below are the options followed after owning the post of IBPS PO. To get promoted, the candidate has to appear in the examinations conducted from time to time by IBPS. IBPS offers lucrative salaries to their Probationary Officers which is the main reason why every year graduates rush to get this job opportunity. Many bank aspirants are confused about salary payments as per the 7th Pay Commission

Moreover, for the sake of entrants, we have given the upcoming Banking Job Vacancy Details, eligibility, Merit List, salary details, Exam pattern, syllabus, previous year question papers, last date, important date, Age limit, Selection process, login, Result, application form, Answer Key, Exam dates, Cut Off Marks, Admit card and many other central & state government jobs details on this page.

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