IBPS RRB PO Salary 2024, In Hand Salary, Allowance, Pay Scale & Job Profile

The IBPS RRB PO Salary 2024 offers an attractive package for aspiring candidates looking to build a career in regional rural banks. With a competitive in-hand salary, a variety of allowances and a structured pay scale, the role of a Probationary Officer (PO) in RRBs become highly sought after. This article covers detailed information about the salary breakdown, benefits and job responsibilities that come with the position, making it a lucrative option for those aiming for a stable banking career.

IBPS RRB PO Salary Structure

A newly selected IBPS RRB PO gets the initial basic pay of rupees Rs. 48480. In the table given below, we have covered the basic pay and the allowances that are added to the IBPS RRB PO Salary.

Also Check, IBPS RRB PO Mains Score Card 2024

IBPS RRB PO Salary Deductions

There are certain kinds of amounts that are deducted from the gross salary of IBPS RRB PO like provident fund, national pension scheme, etc. The amount is deducted from the retirement benefits of the probationary officers. Candidates can check the kind of deductions done from IBPS RRB PO Salary 2024.

Also Check, IBPS RRB Officer Scale 2, 3 Result 2024

IBPS RRB PO Perks & Benefits

The regional rural banks offer various kinds of perks and allowances to the probationary officer along with basic pay. The complete list of perks and allowances is given below in the tabulated form

Apart from the allowances given above, there are also the following perks that are given to RRB PO.

• City Compensatory allowance
• Travel Allowances: Banks fully compensate their employees for the amount spent on travelling for official work or they reimburse the petrol/Diesel expenses
• Leased Accommodation: Banks mostly provide their employees either a bank quarter to stay in or an option to lease a house for which the bank is accountable for providing the rent.
• Pension scheme
• Medical Reimbursement
• Newspaper Allowance
• Overtime Allowance

Also Read, IBPS RRB PO Score Card 2024

IBPS RRB PO Salary: Job Profile & Promotion

Along with IBPS RRB PO Salary 2024, we have also covered the job profile of RRB PO. When a candidate is appointed for the post of IBPS RRB PO he/she undergoes training or is under probation of 2 years. During the probationary period, the candidate receives a fixed amount that is usually less than the normal pay scale. The kind of work that an RRB PO is required to do generally is given below.

• To manage the day-to-day banking operations.
• Loan disbursement & credit portfolio rating.
• To take care of single window operations or being a teller.
• Focus on the agricultural schemes and policies for the rural market.
• Preparing the audit reports and NPA recovery also forms a major job task.

Apart from the tasks mentioned here, one also has to take care of in-house staff and manage the clerical staff. Running and operations of banks also rely on the Probationary Officer.

Also Check, IBPS RRB PO Mains Result 2024

IBPS RRB PO Career Growth

 Given below is the promotional hierarchy for IBPS RRB PO.

1. IBPS RRB PO
2. Assistant Manager
3. Deputy Manager
4. Branch Manager
5. Senior Branch Manager
6. Chief Manager
7. Assistant General Manager
8. Deputy General Manager
9. General Manager

IBPS RRB PO Salary: Know the Annual Package

The IBPS PO annual salary package offers substantial compensation, comprising various components tailored to ensure financial security and stability. The IBPS RRB PO salary structure comprises various components, ensuring a competitive compensation package for successful candidates. The net monthly salary shall be around ₹60,000 (approx.) including various perks and allowances. The IBPS PO salary offers a lucrative annual package along with opportunities for career growth and development. The annual package of IBPS RRB shall be around ₹7.2 lakhs.