IBPS RRB PO Salary 2024 offers an attractive package for candidates looking to make a career in Regional Rural Banks. With a competitive in-hand salary, a variety of allowances and a structured pay scale, the role of Probationary Officer (PO) in RRB becomes highly sought after. This article includes detailed information about the salary determination, benefits, and job responsibilities that come with the position, making it an attractive option for those aiming for a stable banking career.
IBPS RRB PO Salary Structure
a newly selected ibps rrb PO gets initial basic pay of Rs. 48480. In the table below, we have covered the basic pay and allowances that are added to the IBPS RRB PO salary.
| IBPS RRB PO Salary Structure | |
| Component | amount |
| basic salary | 48480.00 |
| SPL Allowance | 5,904.00 |
| Yes (15.73%) | 7625.90 |
| HRA | 2,520.00 |
| CCA | , |
| HFA/BFA | , |
| NPSE | 5346.00 |
| gross pay | 69875.90 |
| cut | 10692.00 |
| total payment | 59184.00 |
Also Read, IBPS RRB PO Mains Admit Card 2024
ibps rrb po salary cut
There are some types of amounts which are deducted from the gross salary of IBPS RRB PO like Provident Fund, National Pension Scheme, etc. This amount is deducted from the retirement benefits of probationary officers. Candidates can check the deductions made from IBPS RRB PO Salary 2024.
| ibps rrb po salary cut | |
| cut | amount |
| nps | 5,346 |
| nps ee | 5,346 |
| PT | , |
| pf | , |
| total deduction | 10,692 |
Also read, IBPS RRB Officer Scale 2, 3 Admit Card 2024
IBPS RRB PO Perks and Benefits
Regional Rural Banks provide various types of benefits and allowances to the Probationary Officer along with the basic salary. The complete list of allowances and perks is given in tabular form below
| IBPS RRB PO Perks and Allowances | |
| dearness allowance | 15.73% of basic pay. |
| house rent allowance | For rural areas: 5% of basic salary Semi-Urban Area: 7.5% of basic salary
For urban areas: 10% of basic salary |
| special allowances | 7.75% of basic pay. |
Apart from the allowances given above, there are following allowances which are given to RRB POs.
- city ​​compensatory allowance
- Traveling Allowance: Banks reimburse their employees in full for the amount spent on travel for official work or they reimburse petrol/diesel expenses.
- Leased Accommodation: Banks mostly provide their employees with either a bank quarter to live in or the option of renting a house, the rent of which the bank is liable to provide.
- pension scheme
- medical reimbursement
- newspaper allowance
- overtime allowance
Also Read, IBPS RRB PO Score Card 2024
IBPS RRB PO Salary: Job Profile and Promotion
Along with IBPS RRB PO Salary 2024, we have also covered the job profile of RRB PO. When a candidate is appointed for the post of IBPS RRB PO he undergoes training or is under probation for 2 years. During the probation period, the candidate gets a fixed amount which is usually less than the normal pay scale. The type of work that RRB PO is generally required to do is given below.
- Managing day-to-day banking operations.
- Loan Disbursement and Credit Portfolio Rating.
- Taking care of single window operations or becoming a teller.
- Focus on agricultural schemes and policies for the rural market.
- Preparation of audit reports and NPA recovery is also a major task.
Apart from the tasks mentioned here, one also has to look after the in-house staff and manage the clerical staff. The functioning and operation of banks also depends on the probationary officer.
IBPS RRB PO Main Exam Analysis 2024, 29 September Shift 1
IBPS RRB PO Main Exam Analysis 2024, 29 September Shift 2
IBPS RRB PO Career Growth
The promotional hierarchy for IBPS RRB PO is given below.
- ibps rrb po
- Assistant manager
- Deputy Manager
- branch manager
- Senior Branch Manager
- chief Manager
- Assistant General Manager
- Deputy General Manager
- general manager
IBPS RRB PO Salary: Know Annual Package
The IBPS PO annual salary package offers adequate compensation, which includes various components designed to ensure financial security and stability. The IBPS RRB PO salary structure comprises of various components, which ensure a competitive compensation package for successful candidates. Net monthly salary including various perks and allowances will be around ₹60,000 (approx). IBPS PO salary offers career growth and development opportunities as well as an attractive annual package. The annual package of IBPS RRB will be around ₹7.2 lakh.
