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What is the sallary of a bank po?
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The salary structure for a Bank Probationary Officer (PO) in India, particularly those recruited through the Institute of Banking Personnel Selection (IBPS), is as follows:
Basic Pay
The basic pay for an IBPS PO is Rs. 36,000 per month451.
Allowances and Gross Salary
In addition to the basic pay, several allowances are included:
- Dearness Allowance (DA): 23.87% of the basic pay, which is approximately Rs. 8,593451.
- House Rent Allowance (HRA): 7%-9% of the basic pay, which is around Rs. 3,240451.
- City Compensatory Allowance (CCA): 3% or 4% of the basic pay, which is approximately Rs. 1,400451.
- Special Allowance: 7.75% of the basic pay, which is around Rs. 5,904451.
- Learning Allowance: Rs. 600451.
- DA Others: Rs. 1,55245.
The gross salary, including all these allowances, is approximately Rs. 57,289.70 per month451.
Net In-Hand Salary
After deductions such as tax and contributions to the National Pension Scheme (NPS), the net in-hand salary is around Rs. 52,630 to Rs. 55,000 per month451.