hand Salary Slip, Allowance, Jobs profile & Perks


 IBPS PO is the most desirable and lucrative job profile and out of 15 persons there would be 1 person who had thought to get a job as a Bank Probation Office once in a lifetime. Every year IBPS conducts a recruitment exam inviting candidates to grab the opportunity of bank PO posts in public sector banks.IBPS has announced the increased vacancies to 2537 for the post and lakhs of candidates are going to appear in the re-examination of the Prelims exam that is to be held on 5th/6th January 2021, for which IBPS has re-opened the online application window till 11th November 2020. This will help many IBPS PO aspirants who could not apply earlier because their respective universities postponed the declaration of their graduation results.they have a chance to appear for the IBPS PO prelims.

banking sector post not only gives reputed job profile but many candidates are also attracted due to the handsome salary package offered. Look out the detailed salary package of a Bank PO after the 7th Pay Commission, perks, allowances & job Profile 

IBPS PO Selection Process 2021:-


PO Prelims, Mains & GD/Interview Process


Major Banks Participating in this year recruitment process:-


Bank of Maharashtra

Canara Bank

Indian Overseas Bank

Central Bank of India

UCO Bank

Bank of Baroda

Punjab National Bank

Union Bank of India

Bank of India

Indian Bank

Punjab & Sind Bank


IBPS PO Salary 2021:-

various banking institutions, employees got a raise last year. This actually benefitted the lives of the Bankers who were not paid as per the industry standards. You can check the latest salary withdrawn by Probationary Officers in 2021. We have also attached the Salary Slip of one of our students so that you can get an idea of perks and allowances in Banks. 

The Salary structure for IBPS PO 2021:-


IBPS PO Salary Structure 2021


Basic Pay    RS. 36,000


Special Allowance    Rs. 5904


Dearness Allowance     Rs. 9424


Other DA    Rs. 1702.75


Learning Allowance    Rs. 600


House Rent Allowance    Rs. 3200


CCA/LOC A    Rs. 1400


Gross salary with HRA    Rs. 58,271.55


IBPS PO For Salary Slip:-

details that are mentioned in the one of the Banks’ Probationary Officer Salary Slip. You can go through this Payslip for your reference to get an idea about the salary which is credited in the account of an IBPS PO.

IBPS PO 2021 For Perks:-


A candidate selected as an IBPS PO gets many attractive allowances along with a handsome salary and some of them are mentioned below with explanation:


IBPS PO For House Rent Allowance (HRA):-

House Rent allowance varies according to place of posting and usually is in the range of  9.0% or 8.0% or 7.0% of the basic salary depending upon the type of cities (i.e., metros, big cities or other locations).


IBPS PO For Dearness Allowance (DA):-

IBPS PO offers Dearness Allowance (DA) to its officers and is given to the employees as a percentage of the basic salary (In January 2016, it was around 39.8% of the basic salary). This dearness allowance is revised every three months based on the All India Consumer Price Index data published by the Ministry of Statistics and Program Implementation, Government of India.


IBPS PO For Special Allowance (SA):-

allowance is recently added to the wage and  It is about 7.75% of the basic pay. It came into effect from 01.01.2016.


IBPS PO City Compensatory allowance:-


Ivaries from city to city and based on the type of city, it might be 0%, 3%, or 4%.


some other perks of an IBPS Probationary Officer such as: Traveling Allowance, Newspaper Reimbursement, Medical Aid, Benefits under New Pension Scheme etc. Overall If we sum up then the salary may be 36,000+ rupees.

IBPS PO For Career Growth 2021:-

career growth for young and bright students. The banks follow uniform guidelines issued by the Ministry of Finance, Government of India, regarding promotion policy matters. There are two channels in case of promotion i.e. the merit channel and the normal channel.


Promotional Channels for PO:-

 salary of Officer appointed in JMGS I (Junior Management Grade Scale I) or probationary officers in banks ranges from Rs. 23700 to Rs 42020.


career of the probationary officer grows the scale and salary of the person increase.


MMGS II (Middle Management Grade Scale-II): The Basic salary ranges from 31705 to 45950.


MMGS II (Middle Management Grade Scale III): The Basic salary usually ranges from 42020 to 51490.


SMGS IV (Senior Management Grade Scale IV): The Basic salary usually ranges from 50030 to 59170.


SMGS V (Senior Management Grade Scale V): The Basic salary usually ranges from 59170 to 66070.


Job Profile of Bank PO:-

role of a Bank PO in public sector banks is to oversee all the banking activities happening in his branch. A bank PO is also responsible for the processing loans and manage all the departments of the bank including Accounts, Finance, Loans, marketings

Frequently Asked Questions:-

Q. What is the basic pay For IBPS PO?


Ans. basic pay for a Bank PO is 23700/-.


Q. What is the selection process of IBPS PO?


Ans. The selection process of IBPS PO consists of Prelims Exam, followed by Mains Exam and a Final Interview Round.


Q. What are  allowances that a PO avail?


Ans.allowances like House Rent Allowance, Dearness Allowance, City Compensatory Allowance, and many other special allowances are provided to the Prohibitory officer during their service period.