If you are planning to apply for IBPS RRB exam and want to know how much salary you can get in the beginning, then this article is for you. The Institute of Banking Personnel Selection (IBPS) conducts RRB exam every year for the recruitment of candidates for PO and Clerk posts in regional rural banks across India. In this article, we will explain the initial salary for both PO and Clerk Post in a simple way so that you can get a clear idea before applying.
Start salary for IBPS RRB PO
A PO (Officer Scale I) in a Regional Rural Bank is an initial-tier officer. The initial salary for an IBPS RRB PO is quite good and comes with different allowances and benefits that make the total salary even better. This post also provides the possibility of job security and promotion over time. Many candidates choose this role as it provides good salary and stable career.
Basic pay
IBPS RRB PO’s initial basic salary is ₹ 48,480 per monthThis forms the basis of salary structure, on which other allowances and benefits are added.
Allowance and benefits
- Dearness allowance (da): This allowance is revised in the quarter based on the Consumer Price Index (CPI) and is currently almost almost the amount. 50% Of basic pay,
- Home rent allowance (HRA): Depending on the posting location, differs from HRA 7-9% of basic salaryMetros and high rates are applied to the urban areas compared to rural posting.
- Special allowance: This allowance is a certain percentage of basic salary, currently surrounding 7.75%,
- City compensatory allowance (CCA): It varies depending on the city of posting and may be from it 0-4% of the original salary,
- other benefits,
- Medical allowances
- Travel allowance
- leave encashment
- Leased in some areas
Gross salary of IBPS RRB PO
When all parts IBPS RRB PO Salary Combined together, an IBPS comes about the total monthly salary of RRB PO Rupee. 71,863. But this amount can change slightly on the basis of allowance and where the person is posted. After some cuts, the salary of the tech-hom is surrounding Rupee. 61,000 per month. This makes the work attractive for many candidates who are looking for a well -paid and safe status in the banking sector.
Salary started for IBPS RRB clerk
An IBPS RRB clerk, also known as Office Assistant, is responsible for various clerical works in the bank. The initial salary for this situation is also attractive.
Basic pay
The original salary is the foundation of a salary structure. Basic salary for an IBPS RRB clerk, starts at 24,050,
Allowance and benefits
- Dearness allowance (da): PO similar to the status, DA for clerks is surrounding 50% of the basic salary,
- Home rent allowance (HRA): Range from HRA for clerks 7-9% of basic salaryDepends on the location of the posting.
- Special allowance: It is usually around 7.75% of basic salary,
- Transport allowance: A fixed amount for commuting was provided.
- other benefits,
- Medical allowances
- leave encashment
- Retirement benefits like pension
gross salary
Total monthly IBPS RRB Clerk Pay All the allowances are around, around ₹ 37,326However, this amount depends on that the candidate has been posted. After the required cuts like PF and taxes, take-hom pay comes down ₹ 34,314. This post offers a good salary with job stability and development opportunities in the banking sector. Many candidates prefer this role as a good start for their banking career.
Additional allowances with IBPS RRB
- Job security: This is a government situation as strong job safety.
- work life balance: Comparatively better work-life balance with certain tasks hours.
- Career development: Opportunities for high clerical and officer cadre based on experience and performance.
