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IBPS PO 2024 Salary Structure

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IBPS PO 2024 Salary

The salary of IBPS PO as per the 11th Bipartite Agreement is as follows:

ComponentsAmount
Basic PayRs. 36,000
Special AllowanceRs. 5,904
Dearness AllowanceRs. 8,593.20
CCARs. 1,400
Learning AllowanceRs. 600
DA OthersRs. 1,552.50
Housing Rent AllowanceRs. 3,240
Gross SalaryRs. 57,289.70
Deduction (Professional Tax & NPS)Rs. 4,659.32
Net SalaryRs. 52,630.38

IBPS PO (In-hand) Salary 

In Hand salary of an IBPS PO is Rs. 52,000 to 55,000 with dearness allowances, special allowances, HRA, and other perks. The IBPS PO Gross Salary is around Rs. 57,000 and after deduction of professional tax and NPS, the net in-hand salary remains around Rs. 52,000 to 55,000.

IBPS PO Other Benefits and Allowances

The IBPS PO gross salary comprises Basic, DA, HRA, CCA  and Special Allowance. The break up is as follows 

Salary ComponentsDetails
IBPS PO Basic PayRs. 36,000/- ( Increment in 4 stages)
House Rent Allowances7%-9% of the basic pay
Dearness Allowance23.87% of the Basic Pay (Varies based on inflation rates)
City Compensatory Allowance (CCA)3% or 4%(depending on the place of posting)
Special Allowance7.75% of the basic pay

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FAQs

What are IBPS PO 2024 Exam dates? −

The IBPS PO 2024 notification is not released yet. We will update the same once the actual notification gets out. According to it, the Probationary Officers exams for PSBs were slated to be conducted on 19th & 20th October 2024, and the Main Exam was scheduled to be conducted on 30th November 2024.

What is the selection procedure for IBPS PO? +

The IBPS PO selection is done in three stages: Prelims, Mains, and interviews. The candidates who will clear each stage will become eligible to be appointed as IBPS POs.

I am a graduate with less than 60% marks. Can I Apply for IBPS PO 2024 Exam? +

Yes, all graduates are applicable to apply for the IBPS PO exam. There is no required percentage to apply for IBPS PO.

Is there any negative marking for IBPS PO? +

Yes, there is a negative marking for every wrong answer given in the exam. 0.25 of the total marks allotted for that question will be deducted for marking a wrong answer.

Can an Engineering graduate apply for IBPS PO Exam? +

Yes, any candidate having a graduation degree can apply for the IBPS PO exam.

Is the IBPS PO exam Bilingual? +

All tests are bilingual, i.e., available in both English and Hindi.

Are there any fixed timings for different sections? +

Yes, Both in Prelims & Mains Exam.

When IBPS PO prelims and mains exams will be conducted? +

IBPS PO 2022 prelims exam and mains exam dates will be announced along with the notification soon.

For which post, IBPS PO notification is released? +

IBPS PO recruitment is conducted to select candidates for the post of Probationary Officers/Management Trainee in 11 public sector banks.

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