Hello Readers, How To Check IBPS PO Salary and Allowances Before Probation, After Probation and in 7th Pay Commission? : Many readers have queries about salary of a Bank PO, IBPS PO salary what will be? So, In this finest articles today we are discussing all about latest IBPS PO salary and benefits details after the wage revision in bank probationary officer salary after revision in 2015, such as Salary, Pay Scale, Dearness allowance (DA), House Rent Allowance (HRA), City Compensatory Allowance (CCA) etc.
|IBPS PO Salary and Allowances Latest Details 2016-2017|
For more detail information about IBPS Bank PO salary and perspective career growth you can refer this whole article. After reading this detailed analysis you will be able to calculate for newly recruited Bank Probationary Officers total salary of Bank PO in easy manner.
New Bank Probationary officer Starting Salary
To explain the all doubts about salary In this section we will discuss exact salary of Bank PO for both private sector banks and Public Sector Banks. Those candidates who got selected for this post as new will now get the complete idea about starting salary of Bank PO described below.
Know about IBPS PO
You know Bank PO jobs as Probationary Officer are the talented young officers in financial services industry (Indian Banking Industry) who have ample potential and a great zeal to work faster and perform better than others. Institute of Banking Personnel Selection (IBPS) conducts various examinations throughout the year every year. Now, here is a reason for all the candidates to cheer up. This is one of the Most Popular reason is Salary and Promotion in Bank Job In India and all bank jobs and government jobs give a lifelong security.
Bank PO Salary question
Bank PO Salary question between all of the banking aspirants who are preparing for IBPS PO exam. Here is the special required details for all of you that understanding the PO Salary and Compensation. So, today in this article we are discussing all about according to recent notification, revised salary updates regarding current salary in hand IBPS PO.
With IBPS PO notifications the salary structure in banks except State Bank of India (SBI) and Reserve Bank of India (RBI) for Probationary Officers makes some different. You update yourself that the IBPS PO salary has been changed for the year 2015. The IBPS PO salary has been incremented after the recent revision. Thus, this detail gives all the candidates another reason to work hard and towards achieving their goals, and creating a brighter future for themselves.
Get latest information on bank wise salary details it such as facilities, allowances, starting salary, grade pay, salary after probation period, salary after 10th bipartite wage revision and 7th pay commission, and other useful information on IBPS Exam 2016 etc.
Probation and Bond Period in Banks
A IBPS PO in the bank is the starting job appointment for bank officers. The POs have a one or two years probation period during which they are given exposure to various important functions such as IT, Loans & Advances, Credit Rating, Treasury, Foreign exchange, Risk Management, Marketing etc.
This period can also called as the on probation. Hence it is extremely important to be in good conduct, during on probation. All Private sector and Public Sector Banks have the right to terminate the bank job services during the probation period, if he/she does not fit the position.
All the selected IBPS PO candidates need to sign a Service bond with the Bank compulsorily in order to get complete the section process. We will discuss more detail about bond later with separate article.
What is salary perks of IBPS Bank PO salary after revision
Our expert readers who are preparing hardly are eagerly waiting to find out the current salary of IBPS PO before and after probation period, salary after revision as well as salary after 7th pay commission IBPS Bank PO Salary and Allowances as best banking career plans. All applicants who want to know about starting IBPS PO Salary Package after probation period you read this full article. Latest IBPS PO Salary Structure & Allowances Probationary Officer facilities, Career promotion,salary after wage revision 10th Bipartite,7th pay commission available here.
- IBPS PO Salary Before Probation Period
- IBPS PO Salary After Probation Period
- IBPS PO Salary After 7th Pay Commission
IBPS PO Salary Structure and Allowances
You learn this new thins that grade pay of bank po is similar term as IBPS PO salary structure. We all know that there is lots of career opportunity with high grade pay in banking sector with all private sector banks and Public Sector Banks. All banks provides lots of accommodations to the employee other than salary. Here you can check the important points of IBPS PO salary structure and allowances with special benefits payable on a monthly basis. In addition to Basic Pay, bank officers (i.e. Probationary Officers / PO / Management Trainees) are eligible for the following allowances as describe as salary structure of Bank PO below –
IBPS PO Salary Scale and Structure
IBPS probationary officer old and new revised salary scale is in Scale-I salary of Rs :
IBPS PO Salary Scale (OLD)
Scale I - Rs. 14500 – (600 x 7) 18700 – (700 x 2) - 20100 (800 x 7) - 25700
IBPS PO Salary Scale (NEW Revised)
Scale I - 23700 - (980 x 7 ) - 30560 - (1145 x 2 ) - 32850 - (1310 x 7) - 42020
(Bank salary revision - Thus, the revised initial / starting Basic Pay of a Bank Probationary officer / PO will be Rs.23,700/- as on 1st June 2015)
The Bank PO salary after revision as on 1st June 2015 will be as per Scale we given below :
According to in this Revised IBPS PO salary scale-I, salary of newly recruited Probationary Officer like this-
- Basic Pay is Rs.23,700/.
- Annual increments of Rs. 980 for 7 years till their basic pay reach 30560.
After recent increment for bank officers Bank PO salary in hand Gross salary of IBPS PO, Hence the total Salary (without HRA) of Bank PO becomes Rs. 35,700 – 36,570. While considering the HRA into account, it becomes Rs. 37,360 -38,700.
(Note- the figures in the brackets indicate annual increment and the stages)
Here is the major allowances payable on monthly basis as part of the salary to bank PO
In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) are eligible for the following allowances :-
Dearness Allowance (DA) – It is a cost of living adjustment allowance paid to all govt and public sector Probationary officers. It is revised on a quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India and based on Consumer Price Index (CPI). Calculation of DA depends on inflation. DA can go up with higher inflation and also come down if the inflation rate is in negative.
The new revised current Dearness Allowance for the month of November 2016, December 2016 and Jan 2017 is 47.80% of the Basic Pay.
House Rent Allowance (HRA) – This depends on the place of posting, and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.
Special Allowance – This will add in 10th BPS (wef. 01/11/2012) and for (Scale-I) 7.75% on which DA is also payable.
City Compensatory Allowance (CCA) – This also depends on the place of posting and can be either 4% (maximum Rs.870/-) or 3% (Maximum Rs. 600/-) or Zero%
Conveyance allowance – It is pay for commuting between home and office.
Here is the other promotion scale for Bank PO from Scale I to Scale VII
A - Scale [I]- 23700 - 980 - 30560 - 1145 - 32850 - 1310- 42020
B - Scale [II]- 31705 - 1145 - 32850 - 1310 - 45950 -
C - Scale [III]- 42020 - 1310 - 48570 - 1460 - 51490 -
D - Scale [IV]- 50030 - 1460 - 55870 - 1650 - 59170 -
E - Scale [V]- 59170 - 1650 - 62470 - 1800 - 66070 -
F - Scale [VI]- 68680 - 1960 - 76520 -
G - Scale [VII]- 76520 - 2120 - 85000 -
Note: Data in the article collected from various sources available on internet and recruitment notification issued by respective bank Or IBPS. We and our team members are not responsible for any error. You check authentic details from Official website.