IBPS PO salary for Freshers

Hello sir, I am Ajay Verma. I am from Mumbai. I want to be a probationary officer (PO) and I am preparing for IBPS PO exam. I want to know about the salary for IBPS PO. Can you give me some details about it?

As you have asked about the IBPS Bank PO salary for freshers, check below for the information
IBPS PO starting salary in most of public sector banks and even in some private banks is same The salary as on 1st January 2016 will be as per Scale I given below :

Scale I -
23700 -(980 x 7 ) -30560 -(1145 x 2 ) -32850 -(1310 x 7) -42020
(the figures in the brackets indicate the annual increment and the number of stages for which the same is applicable)

In addition to Basic Pay, bank officers (i.e. Probationary officers / PO / Management Trainees) are eligible for the following allowances :-

(a) Dearness Allowance (DA) : DA in banks is revised on quarterly basis (i.e. in the months of February, May, August and November) based on the CPI as declared by Government of India.
The new revised current DA (for the month of November 2015, December 2015 and January 2016 is 39.80% of the Basic Pay). DA can go up with higher inflation and also come down if the inflation rate is in negative.
(b) Special Allowance : This has been added in 10th BPS (wef 01/11/2012) and for scale I is 7.75% on which DA is also payable
(c) HRA : This be determined by on the place of posting and it can be either 9.0% or 8.0% or 7.0% depending on the place of posting.
(d) CCA : This also be influenced by on the place of posting and can be either 4% (maximum Rs.870/-) or 3%(Maximum Rs.600/-) or 0%


Major A Class Cities Area - I Other Areas

Basic Pay 23700.00 23700.00 23700.00
Special Allowance 1836.75 1836.75 1836.75
DA 10163.63 10163.63 10163.63
CCA 870.00 600.00
Transport Allowance 0.00 0.00 0.00

Total (without HRA) 36570.38 36300.38 35700.38

HRA 2133.00 1896.00 1659.00

Gross with HRA 38703.38 38196.38 37359.38

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Answered By StudyChaCha Member