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IBPS PO Salary 2023, Pay Scale after 7th 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 36,000/-. Let’s know more for IBPS PO Pay Scale after 7th CPC, IBPS PO Salary 2023 In Hand, Bank PO Salary Increment Per Year, Perks and Allowances & Promotion details.

IBPS PO Salary 2023, Pay Scale after 7th CPC, Perks, Allowances & Promotion


Rs. 36,000 is the revised IBPS PO Salary as applicable on 1st November 2017. Thus the new entrant in a Bank as PO is liable to get Rs. 36,000 as basic pay. Visitors can also check details of Salary Slip Of IBPS PO, IBPS PO Salary Increment Per Year, IBPS PO Grade Pay, IBPS PO Salary In Hand After 7th Pay Commission, Salary And Perks Of IBPS PO from below section of this page.

IBPS PO Salary in India

IBPS PO Salary Detailed Structure:

Basic Pay (Starting Salary of IBPS PO)
Rs. 36000
Rs. 8,593.20
Learning Allowance
Rs. 600
DA Others
Rs. 1,552.50
Rs. 3,240
Gross Salary
Rs. 57,289.70
Net IBPS PO Salary Slip /in-hand
Rs. 52,630.38

Read More About: Bank Salary Structure

PO Career progression with Salary:

Grade (Grade Pay Of IBPS PO) IBPS PO Salary Quora
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 Pay Gross Salary (IBPS PO Salary in-Hand)
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 – IBPS PO Salary 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

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


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 Pattern Details
IBPS PO Exam Details
IBPS PO Syllabus Details
IBPS PO Result Details
IBPS PO Cut Off Details
IBPS PO Question Paper Details

IBPS PO New Pay Scale & Promotions 2023:

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 2023 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 2023:

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 – IBPS PO Job Profile:

  • 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 2023 – IBPS PO Salary Increment:

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 / In Hand Salary Of IBPS PO after getting placed for higher profiles.

Ending Note:

For more updates regarding IBPS PO Salary After 5 Years, IBPS PO In Hand Salary, IBPS PO Salary After 2 Years, Salary Of Bank PO After 5 Years, Salary Of IBPS PO After 10 Years, IBPS PO Salary After 10 Years candidates are required to visit its official site.

IBPS Official Website – Click Here

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