IBPS PO 2019 Salary Structure, Growth, Perks

It is that time of the year when banking aspirants are gearing up for the biggest banking exam of the year (IBPS PO 2019). It is the best opportunity if you want to become a banker. But before the exam it is important to know the career growth, salaries, work culture etc .

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Work Profile of IBPS PO

After successful completion of your probation you will be posted as  Assistant Manager. During your probation you will be trained in different aspects of banking . PO and managers in branches deal with customer interaction and supervising day to day activities of the branch.  Being a Manger you will have to supervise the work done by clerks in your branch and ensure smooth functioning of the branch . Managers should be dynamic and should make sure that that the change in management policy should be implemented in his branch .

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Career Growth of a Probationary Officer

Once you are through the recruitment process you will be under probation for   2 years ( may vary from bank to bank ). After successful completion of the probationary period you will be posted as Assistant Manager. Some banks conduct a test after the probation period and if you are not able to clear the test your probation will be extended .

Career Progression of IBPS PO

The career of banker starts at the post of Assistant Manager and the growth opportunity is immense in public sector banks.

  • Assistant Manager
  • Deputy Manager
  • Branch Manager
  • Senior Branch Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General manager

The growth potential of IBPS PO 2019 is immense. You gan grow upto CMD level after joining as PO . Some PSU banks have foreign branches also which provides opportunity to work abroad .

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Salary Structure of IBPS PO

Basic Pay

The salary slab for PO   is 23700 – (980 x 7) – 30560 – (1145 x 2) – 32850 – (1310 x 7) – 42020 (as per 10th Bipartite settlement)

Basic pay after 7 years will be 30560

Dearness Allowance

DA will be revised quarterly based on CPI. It comes around 50 % of basic bay . You should keep in mind that DA can go up and down depending on CPI .

House Rent Allowance

Depending on the location of your posting , HRA will vary from 7 % to 9% of basic pay .

Special Allowance

It will be 7.75 % of basic pay

City Compensation Allowance

This also will vary from 0 to 4 % depending on the place of posting

The total in hand of a probationary officer should come around 38000 to 42000 depending on the place of posting .

 

IBPS PO Other Benefits

  • Newspaper Reimbursement
  • Leased Accommodation (In lieu of HRA if opted)
  • Travelling Allowance
  • Medical Aid
  • Pension Scheme

Conclusion

The benefits and growth opportunity of a Probationary Officer is immense . Start your preparation early so that you can outrun the large number of aspirants .

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