IBPS PO Salary Structure 2020 – Check Complete Salary Structure Here

IBPS PO Salary Structure 2020: Aspiring banking aspirants who wish to appear for IBPS PO 2020 the official notification of that has been released recently might be wondering concerning the IBPS PO Salary, job profile and career opportunities. This article is a detailed answer to your question.

The Institute of Banking Personnel Selection (IBPS) has released the official IBPS PO notification. This year, as per the notification, there are more than 4000 vacancies for the post of Probationary Officers / Management Trainee (Junior Management Grade Scale 1) within the 20 public sector participating banks. The job location, as always, is across India, in varied branches of the banks. Candidates should be thorough with the IBPS 2020 notification, together with the IBPS PO salary, before applying for the exam.

IBPS PO 2020 Salary Job Profile And Promotions:

Exam Name

IBPS PO 2020 – Common Recruitment Process (CRP PO/MT-VIII)

Conducting Authority

Institute of Banking Personnel Selection (IBPS)

Name of Post

IBPS Probationary Officers / Management Trainees (Junior Management Grade – Scale I)

Participating Organizations

Public Sector Banks in India except for the State Bank of India (SBI) and its Associate Banks

Number of Vacancies

4102

Application Mode

Online

Exam Mode

Online

Number of Stages

Three – Prelims, Mains, and Interview

Official Website

Ibps.in

IBPS PO Salary 2020 Basic Pay:

The Basic IBPS PO salary is 23700-(980×7)-30560-(1145×2)-32850-(1310×7)-42020.
This means upon joining, the probationary Officers can get a Basic salary of Rs 23700. in addition to that, there’ll be different allowances. The POs will also get an annual increment of Rs 980 for seven years.

That is:
Basic Pay after seven years – Rs 30560
Basic Pay after two more years – Rs 32850
Basic Pay after seven more years – Rs 42020

IBPS PO 2020 Salary Other Benefits And Perks:

Leased Accommodation: In some locations, the bank provides accommodation/quarters to the POs. In such cases, the HRA isn’t provided. the amount goes on to the owner of the accommodation.
Travelling Allowance: The bank additionally provides traveling Allowance to the POs. Otherwise, the expenses on petrol are reimbursed.
Medical Aid
Newspaper reimbursement
New Pension scheme

IBPS PO 2020 Roles & Responsibilities:

1. POs have to multi-task and work in all the departments of the bank, that involves working within the varied banking activities.
2. They need to acquire practical knowledge of how to work in and manage completely different departments of the bank, like Finance, Accounts, Marketing, Loans, etc.
3. They additionally act as supervisors to bank clerks in varied departments.
4. One of the largest responsibilities of IBPS Probationary Officers is to verify documents, do the necessary formalities and process loans.

IBPS PO Promotions And Career Growth:

The IBPS PO is a terribly promising entry-level job within the banking sector. There are ample opportunities for growth, each personally and professionally, during this job. Your growth and promotions from the post of Probationary Officer depend upon your performance and potential; in fact, you’ll be able to even be promoted to the post of the general manager within a span of fourteen years. And promotions from IBPS PO will take you not simply to the various parts of India however also to foreign countries as many of those public sector banks have branches in other countries.

Leave a Reply

Your email address will not be published. Required fields are marked *