Banking

In hand Salary of a newly joined Public sector bank PO (latest Salary Slip)

In hand Salary of a newly joined Public sector bank PO (with latest Salary Slip)

 
Institute
of Banking Personnel Selection (IBPS) conducts IBPS PO exam which recruits
candidates for the post of Bank Probationary Officer in various nationalized
banks of India. This article describes the complete salary structure, in hand
salary, Allowances and perks of an IBPS PO.
The
latest revision of Bank PO salary is on the basis of 10th Bipartite
Agreement which took place on Nov 2012. Revised IBPS PO salary is effective
from 1st January 2016.
Revised
Basic salary structure for IBPS PO (as per 10th Bipartite
settlement) is:
Here,
 
Basic
Pay of IBPS PO:
Basic
Pay (of a new entrant) = 23,700
Basic
Pay of IBPS PO after 7 years = 30,560
Basic
pay of an IBPS PO after 7+2 years = 32,850
Basic
pay of an IBPS PO after 7+2+7 years = 42,020



💯Click here to attempt NEW PATTERN CLOZE TESTS asked in IBPS PO 2019 (with detailed solution) (A must not skip) 
 
IBPS
PO HRA (House Rent Allowance):
It
varies as per the place of posting of Bank Probationary Officer. It can be 9.0%
or 8.0% or 7.0% of the basic salary depending upon type of cities i.e metros, big
cities and other locations.
 
IBPS
PO DA (Dearness Allowance):
This
is revised every three months based on the CPI data published by Ministry of
Statistics and Program implementation, GOI. According to the last revision in
January 2016, it was around 39.8% of the basic salary.
 
IBPS
PO SA (Special Allowance):
Acc
to the latest revision of IBPS, a special allowance has been added into the
salary structure of Bank PO which came into effect from 1st Jan 2016.
It is 7.75% of the basic pay.
 
IBPS
PO City Compensation Allowance:
Again,
this City Compensation Allowance is based on the place of posting. It can be 0%
or 3% or 4%.
Other
perks of an IBPS Probationary Officer are:
Travelling
Allowance, Leased accommodation, Newspaper Reimbursement, Medical aid (revised
amount is Rs. 8000/- p.a.), Benefits under New Pension Scheme etc.





💯Click here to Check in Hand Salary of SBI Clerk (with Salary Slip)

 
Original Salary Slip of Newly joined Canara Bank PO: –
 

 
 
 
 


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