IBPS RRB PO Salary: The Institute of Banking Personnel Selection conducts IBPS RRB PO Exam. A detailed notification is released for the exam.
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Table of Contents
IBPS RRB PO Salary: Overview
IBPS RRB PO In-hand Salary
IBPS RRB PO Allowances
IBPS RRB PO Job Profile
IBPS RRB PO Career Growth
IBPS RRB PO Salary 2023: Overview
IBPS offers lucrative salaries and plenty of other perks and benefits for various grades of officers and clerks. Here is the IBPS RRB PO Salary structure and in-hand salary for various grades. the grades in RRBs are as follows:
- Officer Scale 1 (PO)
- Officer Scale 2 (Generalist & Specialist)
- Officer Scale 3 (Senior Manager)
- Office Assistant or Clerk (Multipurpose)
| IBPS RRB Clerk | Rs. 15000 to Rs.20000 |
| IBPS RRB PO | Rs. 29,000 to Rs. 33,000 |
| Officer Scale-II | Rs. 33,000 to Rs. 39,000 |
| Officer Scale III | Rs. 38,000 to Rs. 44,000 |
IBPS RRB PO Salary (Officer Scale 1)
The pay range for the IBPS RRB Probationary Officer (Scale 1) is from Rs. 51,000 to 58,000. Additionally, the positions frequently offer a wage increase. The table below shows the IBPS RRB PO Salary's annual increases.
| Period of Service | Annual Increments |
|---|---|
| First 7 Years of Service | Rs. 980/- |
| Next 2 Years of Service | Rs. 1145/- |
| Next 7 Years of Service | Rs. 1310/- |
The Probationary Officers further earn annual raises by the most recent pay commission modifications.
Additionally, the income is raised in cases of promotions or postings to higher-level cities.
IBPS RRB Clerk Salary (Office Assistant)
The salary range for IBPS Officer Assistant (Multipurpose) or Clerk is between 21,000 and 23,000. The chart below includes further details on IBPS Clerk Salary as well as the annual raises.
| Period of Service | Annual Increments |
|---|---|
| First 3 Years of Service | Rs. 400/- |
| Next 3 Years of Service | Rs. 500/- |
| Next 4 Years of Service | Rs. 600/- |
| Next 7 Years of Service | Rs. 700/- |
| Next Year | Rs. 1300/- |
| Next Year | Rs. 800/- |
The IBPS Office Assistant receives additional allowances and benefits in addition to their income, in addition to the annual raises. When their salary is added up, it comes to roughly Rs. 21,000 to 23,000 each month.
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IBPS RRB PO In Hand Salary
The probationary officer will initially draw a salary of Rs.
29,000 to Rs.
33,000.
Which is supplemented with various benefits and allowances like DA, HRA, and special allowances.
Grade pay for IBPS PO Salary is Rs.
23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42021.
We have broken down the salary structure for you :
| Basic salary | Annual increment | Number of Years | |
| On joining | Rs. 23700Rs.9807 After Rs. 9807 After | Rs.980 | 7 |
| After 7 years | Rs. 30560Rs.11452 After Rs. 11452 After | Rs.1145 | 2 |
| After 9 years | Rs. 32850Rs.13107 Final Rs. 13107 Final | Rs.1310 | 7 |
| Final grade pay | Rs. 42021 |
| IBPS RRB Posts | In-hand Salary |
|---|---|
| Officer Scale 1 (Probationary Officer or PO) | Rs. 51,000/- to 58,000/- |
| Officer Scale 2 (Generalist & Specialist) | Rs. 33,000/- to 39,000/- |
| Officer Scale 3 | Rs. 38000/- to 44,000/- |
| Office Assistant or Clerk (Multipurpose) | Rs.15,000/- to 19,000/- |
Also read:
| IBPS RRB Recruitment | IBPS RRB PO Eligibility | IBPS RRB Clerk Salary | SBI PO Study Material |
IBPS RRB PO Allowances
The IBPS RRB PO Salary also includes Dearness Allowances and House Rent AllowAllowancesall the scales. Such allowances are a protective cushion against inflation and rising housing rent.
Here are details of the allowance offered by IBPS RRB:
| 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. |
Apart from these allowances, they are also given other allowances to adequately cover other expenditures.
The perks in addition to basic two major allowances are:
- Travel Allowances: There is an option provided by the bank for a full traveling allowance or reimbursement of the money spent on petrol/diesel.
- Leased Accommodation: As per availability RRBs provide accommodation or official residence. In case the bank is not able to provide accommodation they are reimbursed for rental expenditure paid as per area of service.
- Medical Reimbursement: The banks also provide a fixed amount to their employees for medical expenditures they might incur.
- Pension Schemes: all employees have a secure post-retirement life through the National Pension Scheme or any other scheme.
- Miscellaneous
IBPS RRB PO Job Profile
Successful candidates go through a probation period of 2 years.
During the probationary period, the candidate's ability and work performance is analyzed.
Probationary officers will receive a fixed amount along with other allowances that are usually less than the normal pay scale.
Once candidates are through 2 year period they become grade 1 level officers in regional rural banks.
The job profile for the candidates selected for IBPS RRB Officer Scale I (PO) is given below.
- Branch work - related to banking and finance.
- Sector-specific work - promoting schemes and financial products for agriculture.
- Managing single-window operating system.
- Manage day-to-day operations at the Bank.
- Preparing the audit reports and NPA recovery also forms a major job task.
Probationary Officers not only learn and imbibe from other employees.
They are often required to manage sub-ordinates and clerks working in the Branch.
They are also the face of RRB, to the rural population, often being the face of the outreach programs.
IBPS PO Salary 2023: In-hand salary, allowance, perks, and other benefits
IBPS RRB PO Career Growth
IBPS RRB PO in-hand salary ranges from Rs. 29,000 – Rs. 33,000. From being the entry-level probationary officer, through career growth, RRB gives a chance to rise to the topmost post with Regional Rural Banks. After the completion of two years, RRB POs are appointed as regular employees with the bank. They are known as Assistant Managers. We have traced the career prospects for RRB PO officers here :
- 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
IBPS RRB PO salary is lucrative and rewarding and the post offers immense career growth and learning opportunities.
RRB PO is an important part of organizations providing financial services to the Rural Sector.
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