IBPS RRB PO Salary

IBPS RRB PO Salary
IBPS RRB PO Salary

Today we are going to talk about the salary of IBPS RRB PO as there are many candidates who are interested to know about it. Every year candidates for IBPS RRB are recruited through CWE for group A and Group B officers in Regional Rural Banks (RRBs). Government of India has setup Regional Rural Bank for providing basic banking and financial services in Rural Areas. The job of PO is most proudable as well as popular Jobs offered by IBPS RRB.

What’s the salary of IBPS RRB PO ?

There are lot of candidates who are looking to find the answer of there question ” What’s the salary of IBPS RRB PO ?” The IBPS RRB PO Basic salary is Rs. 23,700 after all deductions and addition the In-hand salary of IBPS RRB PO (Scale I) is between Rs. 42,000 – Rs. 45,000 and salary of Scale II is Rs. 55,000 – Rs. 60,000. The IBPS RRB earning is impressive as there is lot more to know about it.

The detailed IBPS RRB Salary as per the officer scale are given in the table below:

Basic Pay23,700
Special Allowance1,836.75
DA10,163.63
CCA870
Total (without HRA)36,570.38
HRA2,133.00
Gross with HRA38,703.38

In-hand salary of IBPS RRB PO

The IBPS RRB PO gets the handsome Income that makes this job post most famous among the candidates. The In-hand salary of IBPS RRB PO (Officer Scale I) is Rs. 42,000 – Rs. 45000 and In-hand salary IBPS RRB PO (Officer Scale II) between Rs. 55,000 – Rs. 60,000. You can compare the salary of IBPS RRB Officer Assistant to the of IBPS RRB PO.

S.NoPostIn-Hand Salary
1.IBPS RRB Clerk (Office Assistant)Rs. 21,000 – Rs. 23000
2.IBPS RRB PO (Officer Scale I)Rs. 42,000 – Rs. 45000
3.IBPS RRB PO (Officer Scale II)Rs. 55,000 – Rs. 60,000

Allowances of IBPS RRB PO

As we all know the Incone of IBPS RRB PO is great that also includes Dearness Allowances and HRA for all the scales. 

The table below provides detailed information of all the allowances provided to the IBPS RRB PO.

House Rent Allowances7%-9% of the basic pay
Dearness Allowance39.8% of the Basic Pay (Varies based on inflation rates)
City Compensatory Allowance (CCA)3% or 4%(depending on the place of posting)
Special Allowance7.75% of the basic pay
IBPS PO House Rent Allowance (HRA)It varies according to place of posting and can be 9.0% or 8.0% or 7.0% of the basic salary depending upon type of cities (i.e., metros, big cities or other locations).
Dearness Allowance (DA)Dearness Allowance (DA) is given to the employees as a percentage of the basic salary (In January 2016, it was around 39.8% of the basic salary). This is revised every three months based on the All India Consumer Price Index Data published by the Ministry of Statistics and Program Implementation, Government of India. The Bank unions are determined to make it a monthly revision in the impending wage settlement.
Special Allowance (SA)This allowance has been included in the last wage revision for the banks. It is about 7.75% of the basic pay. It came into effect from 01.01.2016.
City Compensatory Allowance (CCA)Based on the type of city, it might be 0%, 3% or 4%.

Benefits and Perks of IBPS RRB PO

Apart from these allowances, there are also the following perks tagged along with the IBPS RRB Salary in India:

S.No.Allowances
1.Travel AllowancesThere is an option provided by the bank for full travelling allowance or reimbursement of the money spent on petrol/diesel.
2.Leased AccommodationBanks mostly provide their employees either a bank quarter to stay in or gives an option to lease a house for which the bank is accountable for providing the rent.
3.Medical ReimbursementThe banks also provide a fixed amount to their employees for medical treatment.
4.Pension Schemes
5.Miscellaneous
Description

Any job in banking sector is seen as the most proudable and safest among candidates. Lakhs of candidates every year appear for Banking exams and IBPS RRB PO is one of that officer rank post. The IBPS RRB PO gets the attractive earning with lot of allowances and benefits that makes it perfect for anyone. Here in this post we have discuss the detailed information about IBPS RRB PO salary, job profile, allowances, benefits and perks. You can also compare IBPS RRB PO salary with IBPS SO salary that will help you to decide where you want to make your career. If there is any question coming in your mind you can ask in our comment section mentioned below. Stay tuned with us for more detailed Info.

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