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IBPS AFO Salary 2024, Salary Structure, Job Profile & Allowances

IBPS AFO Salary 2024

Understanding the IBPS AFO Salary 2024 is essential for candidates with aspirations for IBPS AFO 2024. The salary framework for AFO adheres to the structure determined by banks periodically. Based on the provided details, the basic salary for IBPS AFO Officer Scale I is Rs. 23,700. Additionally, selected candidates will qualify for various allowances and benefits along with the basic pay. This post offers detailed information on IBPS AFO Salary 2024.

IBPS AFO Salary

The IBPS AFO Salary 2024 can be one of the most entrancing aspects for candidates. Moreover, the choice of being an AFO can be a rewarding career opportunity for aspirants. The selected candidates for Agriculture Field Officers (AFOs) will enjoy a reputed IBPS AFO Salary 2024. The selected candidate will also be awarded numerous allowances and benefits. Graduates in agriculture can receive the best opportunity with this post. Check out all the necessary details related to IBPS AFO Salary 2024 in this post.

IBPS AFO Salary Structure 2024

The IBPS AFO Salary structure has a basic salary along with perks and allowances. The Basic Salary of the IBPS AFO Officer Scale I is Rs.23700 and the pay scale is Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020.  The allowances and benefits added to the salary make it truly attractive and lucrative. Here in this table, candidates can get the complete IBPS AFO Salary Structure 2024.

IBPS AFO Salary Structure 2024
Category Pay Scale
IBPS AFO Officer Scale I Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020
IBPS AFO Officer Scale II Rs. 31705-1145/1-32850-1310/10-45950
IBPS AFO Officer Scale III Rs. 42020-1310/5-48570-1460/2-51490

IBPS AFO Monthly Salary 2024 

The candidates are also eager to know the monthly salary as that is the amount that they take home. The details on monthly IBPS AFO Salary will help candidates to understand the salary details in a better way.

IBPS AFO Monthly Salary 2024
Category  Monthly Salary
IBPS AFO Officer Scale I Rs.36400
IBPS AFO Officer Scale II Rs.48800
IBPS AFO Officer Scale III Rs.64600

IBPS AFO Salary Slip

In order to provide better clarity to aspiring candidates about the salary after qualifying IBPS AFO Exam, we have arranged for the latest salary slip of Agriculture Field Officers working in one of the participating banks. The candidate has been serving in the post since 2020 and we have provided the IBPS AFO Salary Slip for July 2023.

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IBPS AFO Allowances

Along with the IBPS AFO Salary selected, candidates will also be eligible for various perks and allowances. The allowances and perks are given to candidates to account for various sorts of expenditures and prevailing inflation.  The perks that are given as a part of the AFO Salary are Leave policy, Leave Travel Allowance, Holiday Homes, Conveyance allowance,  Newspaper allowance, Medical allowance, Entertainment allowance, House and Furniture allowance, etc. Here are the details on allowances that are paid as a part of IBPS AFO Salary 2024.

IBPS AFO Salary 2024: Perks and Allowances
Allowances Rate
Dearness Allowances Rs. 8605.88
House Rent Allowance 7-9%
City Compensatory Allowance 0-4%
Special Allowance 7.75%(For Scale1)

IBPS AFO Job Profile

The role of an Agriculture Field Officer (AFO) encompasses a range of responsibilities, particularly in rural areas. Individuals appointed as Agriculture Field Officers are primarily tasked with raising awareness and advocating for the bank’s financial products and services among farmers. Additional duties of IBPS AFO employees encompass:

  • Make sure that the loans are being given to the farmers
  • Review the agricultural loans
  • Examine the cases of crop failure
  • Making farmers aware of the special schemes and benefits brought by the bank
  • Increase the funds in the rural areas

IBPS AFO Career Growth

The candidates appointed for IBPS AFO get wonderful career growth. The promotional hierarchy for IBPS AFO is mentioned below.

  1. Officer/Assistant Manager
  2. Manager
  3. Senior Manager
  4. Chief Manager
  5. Assistant General Manager
  6. Deputy General Manager
  7. General Manager

 

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FAQs

What is the monthly salary of IBPS AFO Officer Scale I?

The Monthly Salary of IBPS AFO Officer Scale I is Rs.36400.

Where can I get details on IBPS AFO Salary 2024?

The details on IBPS AFO Salary 2024 are mentioned in the article above.

What are the allowances offered as a part of IBPS AFO Salary 2024?

The perks and allowances received by a IBPS AFO Officer are Dearness Allowance, House Rent Allowance, City Compensatory Allowance, and Special Allowances.

What is the pay scale for IBPS AFO Salary 2024?

The pay scale for IBPS AFO Salary 2024 is Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020.

What are the career growth opportunities for IBPS AFO Officer?

The career growth opportunities for IBPS AFO Officer has been discussed in the given post.