IBPS PO Salary : Latest Figures

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IBPS PO Salary

IBPS PO Salary: Latest Figures

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IBPS POs are the talented young officers who have ample potential and a great zeal to work faster and perform better than others.

IBPS PO Salary

  •  For Metro Cities
    Basic Pay – 14500.00
    Dearness Allowance @99.9% – 14485.5
    CCA (3% to 4% Max. Rs540/-) -540.00
    Total Salary (Excluding HRA) – Rs.29525.5
    HRA – 8.5%; 7.5%; 6.5%* – Rs.1232.50
    Total Salary (Including HRA) – Rs.30758.0
  •  For State Capital
    Basic Pay – 14500.00 (p.a.)
    Dearness Allowance @99.9% – 14485.5
    CCA (3% to 4% Max. Rs540/-) -375.00
    Total Salary (Excluding HRA) – Rs.29360.5
    HRA – 8.5%; 7.5%; 6.5%* – Rs.1087.50
    Total Salary (Including HRA) – Rs.30448.0
  • For District Level and Rural Level
    Basic Pay – 14500.00 (p.a.)
    Dearness Allowance @99.9% – 14485.5
    CCA (3% to 4% Max. Rs540/-) – 0.00
    Total Salary (Excluding HRA) – Rs.28985.5
    HRA – 8.5%; 7.5%; 6.5%* – Rs.942.50
    Total Salary (Including HRA) – Rs.29927.0

VIEW HERE THE EXPECTED RISE IN SALARIES AS PER THE 7TH PAY COMMISSION

New Banking Provisions

After the wage revision, 10th Bipartite have settled for an increase of 15% in the IBPS PO salary. Indian Bank’s Association (IBA) and the unisons of the banking sectors together agreed upon the increment on the pay slip salary component by 15 percent.

IBPS PO SALARY After 10th Bipartite

Basic Pay- Rs 14500 (Now),  Rs 26705 (Merged 60.15 % of DA in to current Basic Pay) (Revised)
House Rent Allowance- Rs 942.5 (6.5% Of Basic Pay) (Now),  Rs 1996.2 (7.475 % of Basic Pay) (Revised)
Dearness Allowance- Rs 15921 (109.8% of Basic Pay)(Now),   Rs 8839.36 (33.1% of Basic Pay) (Revised)
Total- Rs 31364- (Now),   Rs 37541 (Revised)
NPS Contribution-Rs 3042.1 (Now),  Rs.3554.44 (Revised)
Cash In Hand- Rs 28321 (Now), Rs 33986 (Revised)

VIEW HERE THE SALARY OF AN IBPS CLERK

In the revised IBPS PO salary agreement, the basic pay has been revised by merging 60.15 percent of the Daily Allowance in to the current basic pay and then the expected hike or increment is added on the whole amount. (Current basic + 60. 15 percent of current basic).

  • In lieu of the HRA, most of the banks allow to take leased accommodation, the amount of which varies from bank to bank and also depends on the place of posting.
  • Also, the salary cash component of Bank PO in Public Sector banks is around Rs. 37100 pm, whereas in SBI, the initial cash component salary of SBI PO is around 43000 pm including HRA.

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Kindly bookmark this page (Ctrl + D on keyboard) for receiving all updates on latest salary figures for government employees.