IBPS PO Salary, Benefits, Eligibility, Promotion and Growth


IBPS PO Salary
IBPS PO Salary, Benefits, Eligibility, Promotion and Growth

IBPS PO 2020 Exam Overview

Dear Candidate, if you are preparing for the IBPS PO exam, you must know some important things about its exam. here, I am Going to Describe IBPS PO and Its, Salary, Benefits, Eligibility, Promotion, and Growth. It will help you to choose the right decision for making a strategy to crack it so let’s get started.


About IBPS PO 2020 Exam

IBPS PO Notification 2020 has been released on the evening of the 4th of August for the Post of Probationary officer in various Public Sector Banks. IBPS recruit 1417 Probationary officer for 2021/22 batch.

What are the Functions of IBPS:-

  • IBPS is an autonomous body of the Banking Selection process. this institute is a service provider to all its client organization for the selection of the banking personnel.
  • It organizes exams, screening tests, medical tests, Essential skill tests using its tools. it conducts the selection process for the various posts like- Bank Clerk, Bank PO, and for some higher positions like- AGMs, DGMs, GM, etc.
  • It Offers its Service to various client Organizations as below-

Exam Fee:-

IBPS PO Application fee is Differ to all according to Category as below-

CategoryExamination/Intimation Fee
SC/ ST/ PwBD175/- Intimation Fee Included
Gen/ EWS/ OBC800/- Intimation Fee Included
IBPS PO Application Fee:

IBPS PO Salary and Pay-scale

IBPS Po Salary: The Pay-scale of the IBPS PO may differ to different Client banks, it depends on the participatory banks in the examination process, but IBPS Po salary package is same as SBI PO Salary package as below

IBPS PO Salary and Pay-scale

ParticularsAmount Rupee
(Monthly)
Basic salary23700.00
Special Allowances1836.75
DA amount10163.63
CCA amount870
Transport Allowance__ __
Total salary (exclusive of HRA)36570.38
HRA 2133.00
Total salary (inclusive of HRA)38703.38
Entertainment allowances500
Newspaper allowances300
Petrol Bill payments3000
Telephone Bill payments400
Canteen Subsidy amount400
Pension Contribution amount2500
Total In Hand Monthly
( Exclusive Annual Medical Aid allowances)
45803.38
Medical Aid allowances (Annually)8000
Total in hand monthly46469.98
Annual total salary
(leased Accommodation
allowance is not included)
5,57,640.52
(Annul Package)
IBPS PO: Salary and Pay-scale

All the Public sector banks offer a Handsome salary along with some other benefited and allowances. so let’s discuss it.


IBPS PO Benefits and Facilities

What Facility are get an IBPS bank PO:- Facilities of the Bank Po may differ according to participating banks, some banks offer more and some offer less. but some common facilities provide to an IBPS PO are as below-

Accommodation:- This Facility is Provide in Place of HRA amount by some banks, You will get an Official bank accommodation quarters, and a monthly payment of the accommodation will be directly paid to the Quarters owner.

Allowances:- Apart from the basic Salary, an IBPS officer will get some attractive allowances like- Entertainment allowances, Telephone bill Allowances, Petrol bill allowances, Newspaper Allowances, Canteen Subsidy Amount, and pension contribution monthly and a Medical allowances also provide annually. etc…

Life After IBPS PO: The Indian Society deals with you according to your Job profile, Status, and lifestyle. and the IBPS PO position gives you all these. this job position will make you rich, therefore you will able to spend your quality of life. Also, you will able to make your social status in society.


IBPS PO Eligibility

What is the IBPS PO Eligibility: When IBPS is Conduct, the examination, eligibility criteria changed according to participatory banks. therefore we will discuss some common eligibility criteria for the post of IBPS PO.

Essential Education Criteria

  • Candidate Must be a Graduate from any recognized university.
  • or any equivalent qualification recognized as such by the Central Government.
  • Final year of Graduation candidate can also Apply.
  • Candidates possessing qualification of Chartered Accountant may also apply

Age Criteria

The candidate must have Age between 20 years to 30 Years at the time of application date. And Relaxation age is Applicable as per govt. rules as below-

Age Relaxation:

CategoryAge Relaxation
SC / ST5 Years
OBC3 years
Ex-serviceman5 Years
Person of J&K 5 Years
Age relaxation

Nationality:

  • Candidate must be an Indian Citizen
  • or Subject of Nepal,
  • or Subject of Bhutan,
  • or Subject of Tibet
  • And J&K. etc…

IBPS PO Promotion

IBPS PO is the post of Assistant bank manager in various Public sector banks, they offer agood salary, a good working environment, where you can grow yourself and get the promotion within the Organization and far from it.

  • Most of the Public sector bank’s Chairman and Directors started their career as Officer Scale-I, and they worked hard for this position.
  • You Can get Promotion from Officer scale-I to General manager of the Bank in 14 years of the Service.
  • you have to learn, improve yourself for it.
  • Government Suggests the Name for the position of Director and Chairman, according to skill and knowledge of the person.
  • Some Public Sector banks have Branches in other countries, so you may get an Opportunity for working Abroad.
  • etc.

IBPS PO Career Growth

Various Public Sector banks good in Career growth, if you are good in Banking, you have good knowledge of Banking culture, you may grow as below-

  1. Junior Management Grade- Scale-I: Probationary Officer
  2. Middle Management Grade- Scale-II: Manager
  3. Middle Management Grade- Scale-III: Senior Manager
  4. Senior Management Grade- Scale-IV: Chief manager
  5. Senior Management Grade- Scale-V: Assistant General Manager
  6. Top Management Grade- Scale-VI: Deputy General Manager
  7. Top Management Grade- Scale-VII: General Manager
  8. Executive Director (ED)
  9. Chairman & Managing Director (CMD)

These all are Possible Career Growth posts, you can start you career from Officer Scale-I and can grow up to Chairman post.


Author’s View

Dear Candidate, IBPS PO is one of the more beneficial banking services in India. it has a wide range of networks, departments, and big infrastructure. where you can develop yourself. It offers Attractive Salary, Accommodation facility, Medical facility, Official Leaves, sick leaves, Retirement policy, and many more. that’s why tough competition always makes it special. So work hard to achieve your goal, because if you will get this opportunity, the future will be better for you and your family.

So here all about IBPS PO Salary, Benefits, Facilities, Eligibility, Promotion, and Career Growth. I hope you like the information, I will come with a new Educational Article for you.

If you have any doubt, please write to me, I will reply as soon as Possible. Thanks for your precious time, keep reading and All the Best for your bright future.

Thankyou


FAQ: Frequently Asked Questions


What is IBPS PO Exam
IBPS Conduct the competition exam to recruit eligible candidates for the post of Probationary officer (Assist. Bank Manager) in the Various Public sector banks.
view more
What is IBPS PO monthly Salary
IBPS PO gets Rs. 46,469.98/- As In Hand Salary inclusive all allowances
view more
What is IBPS PO Annual Salary Package
IBPS PO Annual Salary package is Rs. 5,57,640.52/- inclusive all the Allowances
view more
What Allowances get an IBPS PO
IBPS PO get various allowances along with Basic Salary –
Special Allowances, DA amount, CCA amount, Transport Allowance, HRA, Entertainment allowances, Newspaper allowances, Petrol Bill payments, Telephone Bill payments, Canteen Subsidy amount, Pension Contribution amount, Medical Aid allowances (Annually), etc.
What benefits and facility get an IBPS PO
An IBPS PO Get a handsome Salary along with various Allowances and apart from that it get some other benefits as-
HRA/Accommodation, Entertainment allowances, Canteen Subsidy amount, Transport Allowance, Petrol Bill payments, Medical Aid allowances (Annually), etc.
What is IBPS PO Promotion Policy
IBPS PO can promote from Officer Scale-I to Director/Chief Managing Director during the Service
view more
What is the career path for IBPS PO
You can join IBPS as Officer scale-I and can grow within the Organization to Manager, Senior Manager, Chief Manager, etc
view more
How career grow of the IBPS PO
An IBPS Officer scale-I can grow within the Organization to Manager, Senior Manager, Chief Manager, etc
view more
What is the Eligibility for IBPS PO Exam
Age- between 20 years to 30 Years
Education- Candidate Must be a Graduate from any recognized university.
view more
How to Apply for IBPS PO Exam
You can apply directly from the Official website of IBPS and follow the instruction available on the Website. Click here
How to Download Official Notification of IBPS PO 2020
You can download official notification from the Official website of IBPS click here to download

2020, Banking Jobs

Add a Comment

Your email address will not be published. Required fields are marked *