IBPS PO is one of the most sought after exams in India. IBPS PO is highly competitive due to the prestigious role and the attractive compensation package that comes with it. This article delves into the comprehensive salary structure for IBPS POs, detailing both the gross salary and the net in-hand pay that officers receive. We’ll explore the various components, such as basic pay, allowances, deductions, and additional benefits, providing insights into the financial perks of this esteemed role.
Through IBPS PO, Candidates are selected as Officers in Public Sector Banks: Punjab National Bank, Bank of Baroda, Canara Bank, Union Bank of India, Indian Bank, Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra, Punjab and Sind Bank.
IBPS PO Latest Salary 2024
| IBPS PO Salary Structure 2024 | Amount |
|---|---|
| Basic Pay | ₹48,480.00 |
| Dearness Allowance | ₹7,742.00 |
| Special Allowance | ₹14899.00 |
| Learning Allowance | ₹986.00 |
| House Rent Allowance | ₹4363.00 |
| CCA/LOC A | ₹2300.00 |
| Gross Salary | ₹78,770.00 |
| Deductions | ₹6,027.60 |
| Net Salary | ₹72,742.40 |
IBPS PO Latest Salary 2024 Deductions Details
| IBPS PO Salary Deductions | Amount |
|---|---|
| Union Subscription | ₹210.00 |
| Contribution to NPS | ₹5,817.60 |
| Total Deduction | ₹6,027.60 |
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IBPS PO Latest Salary Slip
IBPS PO Allowances, Perks and Benefits
- Leased Accomodation Facility
- Dearness Allowance
- City Compensatory Allowance
- House Rent Allowance
- Medical Insurance
- Travelling Allowance
- Additional Allowances
- Loan Benefits
- Pension Contribution
- Leave Travel Concessions (LTC)
(FAQs) Frequently Asked Questions about IBPS Bank PO Salary
Here are some frequently asked questions about IBPS PO Salary:
- What is the basic pay for an IBPS PO in 2024?
The basic pay for an IBPS PO is ₹48,480. - What allowances are included in the IBPS PO salary?
Allowances include Dearness Allowance, Special Allowance, Learning Allowance, House Rent Allowance, and City Compensatory Allowance. - What are the common deductions from the IBPS PO salary?
Common deductions include Union Subscription and contributions to the National Pension System (NPS). - What is the gross salary of an IBPS PO?
The gross salary is approximately ₹78,770.00. - What is the net monthly salary for an IBPS PO?
After deductions, the net monthly salary is around ₹72,742.00. - Are there additional benefits for IBPS POs?
Yes, additional benefits include medical insurance, travel allowances, and various loans at concessionary rates.
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