IBPS PO Salary Structure 2016-2017 Allowances, CWE VI Probationary Officer After Wage Revision Pay Scale, In Hand Salary, Promotion & Career Options

IBPS PO Salary Structure 2016-2017 Allowances, CWE VI Probationary Officer After Wage Revision Pay Scale, In Hand Salary, Promotion & Career Options : The IBPS is one of the important competitive exams to reckon. The IBPS board will get many kinds of recruitment for people. According to the jobs, the eligibility criteria will be different. Every year people can expect the recruitment notification for IBPS post. In this year, they have planned to notify the IBPS PO post.IBPS PO Salary Structure 2016-2017 Allowances, CWE VI Probationary Officer After Wage Revision Pay Scale, In Hand Salary, Promotion & Career Options

Candidates who applied for the probationary officer recruitment are now looking for links to check ibps po salary details 2016, ibps po/mt salary structure 2016-27, ibps po probationary officer pay scale, ibps po salary after 7th commission, ibps po salary in probation period, ibps po salary and perks, ibps po salary in hand, ibps po salary package 2016, ibps po salary after 2 years, ibps po salary allowances 2016 etc on Internet. We herby want to inform all candidates that they will find all detailed information about the salary structure of ibps cwe 6 probationary officer recruitment 2016 on this web page.

IBPS PO Salary Structure 2016-2017 Allowances, After Wage Revision

For the post of probationary officer, any graduate person are eligible to apply for ibps cwe 6 po recruitment 2016. So, they can apply to the post without any issues. The details regarding the posting will be available on the official website. Since, the exam authority will update details in the  websites only. So, you can refer the official website more details. Candidates can now check ibps po salary structure 2016-17 promotion allowances easily from this web page.

Once people decided to apply for the IBPS exam, they will think to get the exam and ibps po notification details. The notification details are nothing but the official confirmation announcement provided by the banking sectors. This should be noted by the candidates who are willing to admit for this post. They can get these details in the official website. Let us discuss about the notification details of this post below.

Name of department: Institute of Banking Personnel Selection (IBPS)

Exam Name: IBPS Probationary Officer (PO)

Post Name: Probationary Officer (SO)

Official website: www.ibps.in

And along with these details, the official website has announced the confirmation letter for the ibps po recruitment. The details can be available in the official website. The candidates can get any details in the official website regarding this examination. After that, they can apply to the post in the online sites.

IBPS CWE VI Probationary Officer Salary Structure 2016-17

The candidate who would like to join in this post should know about the ibps po salary details. The salary details will be helpful to know about their career options. The salary details will be available in the official website. If the needed be, they can look after the below ibps probationary officer salary structure. Here, we have discussed the salary structure in brief.

Criteria Metro Cities State Capital District level & Rural
Basic Pay 23,700 23,700 23,700
Special Allowances   1836.75 1836.75 1836.75
DA 10163.63 10163.63 10163.63
CCA 8700 6000
Total (Without HRA) 36,570.38 36,300.38 35,700.38
HRA 2133.00 1896.00 1659.00
Gross with HRA 38703.38 38196.38 37359.38

These are the salary details for the IBPS PO post. And it is common for all rural and urban area banks. Along with the Basic Pay, they can get the net payment. If they are satisfied with the details, they can apply to the post. The registration can be filled on the official websites.

Also Check : IBPS PO Job Profile 2016 Career Guide

Here on this web page, candidates who want to know about the IBPS PO CWE 6 Salary Structure 2016-17, can easiy check from here. As we all know, salary of candidates may differ after their selection in various Participating Bank in IBPS PO Exam 2016. Salary Structure completely depends on the policies of various banks. Here in the table given below, we are talking about general salary details for ibps po probationary officer in probation period and after probation period. Candidates can check the salary details mentioned in the table given below.

IBPS PO CWE VI Salary Details 2016 – 2017
Basic Pay 23700.00
Special Allowance 1836.75
DA 10163.63
CCA 870
Transport Allowance
Total (without HRA) 36570.38
HRA 2133.00
Gross with HRA 38703.38
Medical Aid 8000
Entertainment 500
Newspaper 300
Petrol 3000
Telephone 400
Canteen Subsidy 400
Pension Contribution 2500
Gross Annual CTC (with HRA but without leased accommodation) 5,57,640.52

IBPS Bank Jobs PO Salary and Promotion Allowances 2016-17

Candidates must know about the other benefits which are payable on monthly basis as part of IBPS CWE 6 PO Salary Scale 2016-17. Bank Job aspirants can check the detailed information from here. Bank Officer i.e. PO/Probationary Officers/MT/Management Trainee are eligible for the following promotion allowance in addition to the basic pay.

DA (Dearness Allowance) : We can simply define dearness allowance as the cost of living adjustment allowance which is paid to all Probationary Officers of government and public sectors. Candidates need to know that Dearness Allowance is revised on a quarterly basis. It is also based on Consumer Price Index (CPI). Also, the calculation of dearness allowance clearly depends on inflation. Dearness Allowance can go up with higher inflation as well as it can also come down with negative inflation.

HRA : HRA of Probationary Officers depends on the place of posting. HRA can be either 7.0%, 8.0% or 9.0%. depending on the place of posting.

Special Allowance :  This will add in 10th BPS (wef. 01/11/2012) and for Scale, I 7.75% on which Dearness Allowance is also payable.

CCA : This also depends on the place of posting of probationary officer and can be either 3% (maximum Rs.600/-) or 4%(Maximum Rs.870/-) or 0%.

Conveyance Allowance – It is paid to probationary officers for commuting between home and office.

IBPS PO Bank Jobs Other Benefits and Perks

There are many types of other benefits and perks are offered to ibps probationary officers. It may differ in every bank. Aspirants can check the detailed information about ibps po job benefits and perks offered by banks, check it easily from here.

Note : As per the rating of perks and benefits offered by banks, SBI is said to be on Number 1 position in our country which gives more facilities and benefits to its employees as compared to other nationalized bank of our country.

Leased Accommodation : Bank Officers are offered this service instead of HRA. It also depends on the place of posting and various from bank to bank. Some banks may also offer banks quarters/banks accommodation instead of leased accommodations.

Travelling Allowance : Most of the banks provide their employees with travelling allowance and reimbursement of their petrol bills.

Medical Aid : An Amount is also attached with ibps po salary structure for their employees to meet their all medical needs.

There are some other benefits and perks in the queue, but they differ from bank to bank or they may depend on the place of posting. Some of them are as Canteen Subsidy, Telephone, Entertainment Etc.

IBPS PO Probationary Officer Salary After 10th Bipartite Settlement

As we all know, 10th bipartite have settled for an increase of 15% after the wage revision in IBPS PO Probationary Officer Salary. After permission of Indian Bank’s Association (IBA), Expected hike in the salary is mentioned in the table given below.

Increment (Percentage) % Basic Pay Gross Salary
15 % Rs.26,706/- Rs.37,068/-
20 % Rs.27,866/- Rs.38678/-
25 % Rs.29,026/- Rs.40,288/-
30 % Rs.30,187/- Rs.41,899/-

Effects of 7th Pay Commission on IBPS PO Salary 2016-17

Candidates are now wondering the salary of ibps po bank employees will also increase after the 7th pay commission. But they must know that all banks have their owe method to calculate rise in the salary of probationary officer. They don’t follow the pay commissions.

Indian Bank Association, which is also pronounced as IBA, Chairman Shri T M Bhasin announced that there will be not any effect on the salary of ibps bank po probationary officer after 7th pay commission. More than 9 lakh bank employees of public sector banks are now waiting for 10th bank bipartite wage settlement.

Also, Indian Government is not planning to include bank employees under seventh pay commission. We suggested candidates should wait for any further notification.

IBPS PO Probationary Officer Career Options and Promotions

Candidates will be have to spend two years as probationary officer in banks which is known as probation period. In this duration, Bank officer is supposed to learn about different types of work and fundamentals of bank officer. This time duration of 2 years is also known as training period. After completing the probation period, Candidates will be subjected to a screening procedure. In this screening process, candidates who perform well will be appointed as next higher level of Middle Management Grade Scale II. Those candidates, who do not perform well, will be appointed as Junior Management Grade Scale-I Officer.

Here in the table given below, we have provided various promotion opportunities and career options IBPS PO Aspirants are offered in the banks.

Career Progression for Probationary Officers (PO) in Banking Sector with Salary
Junior Management Grade – Scale I: Officer i.e. PO 23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Middle Management Grade – Scale II: Manager 31705 -1145 -32850 -1310 -45950
Middle Management Grade – Scale III: Senior Manager 42020 -1310 -48570 -1460 -51490
Senior Management Grade – Scale IV: Chief Manager 50030 -1460 -55870 -1650 -59170
Senior Management Grade Scale V: Assistant General Manager 59170 -1650 -62470 -1800 -66070
Top Management Grade Scale VI: Deputy General Manager 68680 -1960 -76520
Top Management Grade Scale VII: General Manager 76520 -2120 -85000
Executive Director (ED) Approx 1.5 + lac
 Chairperson and Managing Director (CMD) Approx 2 + lac

Note : Candidates should keep in mind that salary of IBPS Probationary Officer may vary as per the place of post or bank wise. IBPS PO Salary in Rural and Metro Cities may also differ.

Stay tuned with us for more further updates about IBPS Probationary Officer PO Salary details 2016-17.

If you have any queries or doubts about IBPS PO Salary Details, you can discuss with our expert team in the comments section given below.

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