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IBPS PO Salary 2020, Pay Scale after 7nth CPC, Perks, Allowances & Promotion

IBPS PO Salary

PO is an Assistant Manager of Scale I in bank offered lucrative amount of pay along with perks, allowances & incentives. When we talk for IBPS PO Salary (Basic), it is 23, 700/-. Let’s know more for IBPS PO Pay Scale after 7nth CPC, Perks and Allowances & Promotion details.

Rs. 23, 700 is the revised basic pay of Bank PO as applicable on 1st January 2016. Thus the new entrant in a Bank as PO is liable to get Rs. 23,700 as basic pay.

IBPS PO Salary

IBPS PO Salary Detailed Structure:

ParticularsIBPS PO Salary
(in hand)
Basic salary23700.00
Special Allowances1836.75
DA amount10163.63
CCA amount870
Transport Allowances
Total salary (exclusive of HRA)36570.38
HRA 2133.00
Total salary (inclusive of HRA)38703.38
Medical Aid allowances8000
Entertainment allowances500
Newspaper allowances300
Petrol bill payments3000
Telephone bill payments400
Canteen Subsidy amount400
Pension Contribution amount2500
Annual total salary (leased Accommodation
allowance is not included)

Read More About: Bank Salary Structure

PO Career progression with Salary:

Grade Salary
Junior Management Grade-
Scale I: PO
Rs.23, 700/- to Rs.42, 020/-
Middle Management Grade-
Scale-II: Manager
Rs.31, 705/- to Rs.45, 950/-
Middle Management Grade-
Scale III: Senior Manager
Rs.42, 020/- to Rs.51, 490/-
Senior Management Grade-
Scale IV: Chief Manager
Rs.50, 030/- to Rs.59, 170/-
Senior Management Grade-
Scale V: Assistant General Manager
Rs.59, 170/- to Rs.66, 070/-
Top Management Grade-
Scale VI: Deputy General Manager
Rs.68, 680/- to Rs.76, 520/-
Top Management Grade-
Scale VII: General Manager
Rs.76, 520/- to Rs.85, 000/-
Executive Director (ED)Approx 1.5 + lac
Chairperson and Managing Director (CMD)Approx 2 + lac

IBPS PO Salary after 11th Bipartite Settlement:

Increment %Basic PayGross Salary
15 %Rs.26,706/-Rs.37,068/-
20 %Rs.27,866/-Rs.38678/-
25 %Rs.29,026/-Rs.40,288/-
30 %Rs.30,187/-Rs.41,899/-

Find Out Latest: Latest Bank Jobs

IBPS PO Basic Pay:

  • Basic Salary: Rs.23, 700/-
  • Basic Pay after 7 years – Rs.30, 560/-
  • Basic Pay after 2 more years – Rs.32, 850/-
  • Basic Pay after 7 more years – Rs.42, 020/-

IBPS PO Benefits and Perks:

  • Leased Accommodation: In some locations, bank provides accommodation/quarters to the POs. In this case, the amount goes directly to the owner of the accommodation.
  • Travelling Allowance: The bank also provides Travelling Allowances to the POs. Otherwise, the expenses on petrol is reimbursed.
  • Medical Aid along with IBPS PO Salary Basic Pay 
  • Newspaper Reimbursement
  • New Pension Scheme

Check Here: 10 Best Jobs In India

Promotions to IBPS PO:

  • Middle Manager: Middle Management Grade Scale 2
  • Senior Manager: Middle Management Grade Scale 3
  • Chief Manager: Senior Management Grade Scale 4
  • Assistant General Manager: Senior Management Grade Scale 5
  • Deputy General Manager: Top Management Grade Scale 6
  • General Manager: Top Management Grade Scale 7
  • Executive Director
  • Chairman and Managing Director

Must Check: List Of Banks Under IBPS


Q1. How much percentage in final year I must have to apply for IBPS PO?

Ans. IBPS does not demand any particular percentile for Probationary Officer post.

Q2. Is there any need of 12th marksheet during document verification process?

Ans. Yes, 10th/12th marksheet is necessarily required at the time of verification stage.

Q3. I have completed my graduation in B.Sc. Chemistry Honours, can I apply for PO?

Ans. Yes, any graduate candidate can apply for IBPS PO Exam.

Q4. I am not able to download my Interview call letter, what should I do?

Ans. Visit official IBPS website and they can download call letter with the help of Registration number and Password during the relevant stipulated period.

Get Some More Links:

IBPS PO Exam PatternDetails
IBPS PO ExamDetails
IBPS PO RecruitmentDetails
IBPS PO Admit CardDetails
IBPS PO SyllabusDetails
IBPS PO ResultDetails
IBPS PO Cut OffDetails
IBPS PO Preparation TipsDetails
IBPS PO Question PaperDetails

IBPS PO New Pay scale & Promotions 2020:

Institute of Banking Personnel Selection has officially updated some changes in IBPS PO Salary this year. Those candidates who are going to appear in IBPS PO Examination 2020 must know about all the updates done regarding IBPS PO Recruitment upcoming notification.

Institute of Banking Personnel Selection provides different allowances and benefits to its employees such as Dearness Allowance, House Rent Allowance, Medical Allowance, and Transport Allowance in addition to basic IBPS PO Salary After 7th Pay Commission.

 Must Read: Banking Current Affairs

IBPS PO Allowances 2020:

Dearness Allowance (DA): 

In Banks, DA is revised quarterly and is based on the CPI data as exposed by Government of India. Latest DA offered to bank PO is 39.80% of the Basic Pay.

Special Allowance:

As per IBPS PO’s Latest Revision, a special allowance has been added to the salary structure of Bank Probationary Officer i.e. 7.75% of the Basic Pay

House Rent Allowance: 

It varies as per Bank Probationary Officer’s place of posting and can be 9.0% or 8.0% or 7.0% based on metros, big cities and other locations.

City Compensatory Allowance: 

Along with IBPS PO Salary, one may entitle to City compensatory allowances which can be either 4% or 3 % or 0%.So, total Salary (without HRA) of Probationary Officer becomes Rs. 35,700 – 36,570. While considering the HRA into account, it becomes Rs. 37,360 -38,700.

IBPS PO Career Growth:

  • Junior Management Grade – Scale I:Officer i.e. PO
  • Middle Management Grade – Scale II:Manager
  • Middle Management Grade – Scale III:Senior Manager
  • Senior Management Grade – Scale IV:Chief Manager
  • Senior Management Grade Scale V:Assistant General Manager
  • Top Management Grade Scale VI:Deputy General Manager
  • Top Management Grade Scale VII:General Manager
  • Executive Director (ED)
  • Chairman and Managing Director (CMD)

Check Here: Highest Paying Govt Jobs in India

IBPS PO Promotion 2020:

On basis of Performance of officers, they are promoted as Probationary Officer in banks. Most senior officials in public sector banks started their career as a scale-I officer only.

Moreover, there is hike in IBPS PO Salary after getting placed for higher profiles.

Ending Note:

For more updates regarding IBPS PO Salary 2020, candidates are required to visit its official site.

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9 Responses to "IBPS PO Salary 2020, Pay Scale after 7nth CPC, Perks, Allowances & Promotion"

  1. Armaan

    Please Tell me the Starting salary of IBPS PO/MT.

    • admin

      Hi, Armaan
      Monthly and yearly Starting salary of IBPS PO/MT Given Below:
      Monthly Basic Pay: 23,700
      Yearly Basic Pay: 2,84,400

  2. vibha

    Do probationary officer also get medical facility in salary…..?

    • admin

      Hi, Vibha
      Yes, probationary officer also get medical facility in salary.

  3. meenusharma

    sir.. is there any chances for getting medical aid on Probationary Officer post… pls tell me

    • admin

      Hi, Meenu
      Medical Aid: A fixed annual amount is paid by most of banks (Revised amount is Rs8000/- p.a.).

  4. Prerna

    hello sir,

    IBPS PO salary will be different as per the location?

    • admin

      Hi, Prerna
      Basic salary is same but sometime there is change in HRA, Dearness allowance etc as per location.

  5. Lalit

    Hello Sir / Ma’am,

    What will be the in hand salary of IBPS PO in Allotment of 2019 and what is current in hand salary of IBPS PO.

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