IBPS PO Salary 2020 Pay Scale of PO/MT Total & Cash in Hand Salary Allowances

Know IBPS PO Salary 2020, Check IBPS PO Pay Scale, IBPS Probationary Officer cash in Hand Salary 2020
Institute of Banking Personnel Selection (IBPS) fills vacancy for Probationary Officer in participating banks every year. Lakhs of candidates appears in the Pre & Main written objective test of this recruitment. If you are thinking of applying for Probationary Officer posts by public sector banks excluding SBI then You may be interested in the salary you can get for the job. Here you can check details of IBPS PO Salary 2020. Those candidates who got selected on Probationary Officer posts will get the salary as described below.

IBPS PO Salary Structure 2020 - Know IBPS PO Pay Scale

A newly recruited IBPS Probationary Officer in any bank under IBPS gets Pay scale

Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020. In this Scale I, starting basic pay of new candidate appointed on the post of Probationary Officer is Rs. 23700. Annual increments of Rs. 980 is given for 7 years till their basic pay reach 30560. Then increment of 1145 is given in basic pay for 2 years till it reaches Rs. 32850. After this, 1310 increase in basic pay is given for 7 years till it reaches 42020.
IBPS PO Allowances: Various allowances are added to PO Salary which are given as follows.
The following allowances are applicable addition to basic pay.
House Rent Allowance (HRA) 
Dearness Allowance
City Compensatory Allowance (CCA):  It is an allowance for moving from one city to another and can be either 3% or 4%.

Total salary of IBPS PO at Current DA (for newly selected) after adding all allowances ranges from INR 35000-40000.
IBPS PO Salary 2020 (Starting) will be approx. 35K to 40K.
After some deductions, Cash in Hand salary of newly recruited Probationary Officers will be INR 33000-38000 after deductions (depending on posting area).
Other Perks and Benefits: Perks and Benefits vary from bank to bank. The perks and benefits includes leased accommodation, travelling allowance, newspaper allowance, medical allowance etc.
The selection of candidates for Probationary Officer posts is done through Preliminary and Main exam followed by interview. Pre & Main exams are of objective type with negative marking. Those who qualify all stages are selected and given allotment as per their merit and bank preference.