IBPS RRB Salary 2024 Post-Wise In-Hand Salary, Pay Scale, Allowances, & Benefits

IBPS RRB Salary

Candidates preparing for the IBPS RRB 2024 exam are keen to learn about the pay scale, in-hand salary, job emoluments, and perks offered to IBPS RRB Clerks, POs, and Scale II and III officers. Salary is a significant motivator for exam preparation. In addition to the basic pay, RRBs offer various perks and allowances to their employees. This article provides a detailed overview of the IBPS RRB salary structure.

IBPS RRB Salary 2024

RRBs provide a competitive salary along with numerous perks and allowances to their employees. Before examining the post-wise salary structure of IBPS RRB, let’s review the in-hand salary as outlined in the table below.

IBPS RRB Salary Structure

The salary structure provided below is as per the initial basic pay i.e. the individuals who are newly appointed in the RRBs. The below section tells us the post-wise salary structure of the Regional Rural Bank Employees.

IBPS RRB Clerk Salary Structure

Complete Details about IBPS RRB Salary: One of the factors that entice young and bright candidates to be a part of this profession is the salary. A Candidate once selected in the clerical cadre gets the In-Hand Salary of IBPS RRB Office Assistant varies from Rs. 35,000 – 40,000/-. This salary may vary for different organizations. Recruits get 46.5% DA. The pay scale of an IBPS RRB Office Assistant or IBPS RRB Clerk is given in the table below:

*Kindly note that salary varies based on place of posting. A candidate working in a semi-urban area will get a higher salary than a candidate working in a rural area.

IBPS RRB PO Salary Structure

IBPS RRB PO is one of the coveted jobs in India. This is one job for which almost every banking aspirant applies because of the great salary, perks, and career opportunities ahead. The salary of an IBPS RRB PO is the pay scale for IBPS RRB Officer Scale 1(PO) Salary is given in the table below:

*Kindly note that this salary is the general salary, the salary & other perks differ from bank to bank and area of location as well. For ex- If someone is posted in Mathura then his/her salary might be greater than the one posted in a more rural area and hence the difference occurs.

IBPS RRB Scale II Officer Salary Structure

IBPS RRB Scale II officer is also recruited directly through IBPS RRB Recruitment but experience is required to apply for a particular field. Scale II officer is a senior level post than RRB PO therefore the pay scale is also high and the gross amount which a scale II officer gets is around 74,000 rupees

IBPS RRB Salary 2024: Deductions

Various deductions are mandatory for the organisation to deduct from the gross salary. Some of them are statutory such as pensions scheme, provident fund, etc. The deductions are applicable for all the employees including clerks, POs, Scale II Officers, etc.

IBPS RRB Salary Perks & Allowances 

House Rent Allowance (HRA) and Dearness Allowances (DA) are some perks that are included with IBPS RRB Salary. Other Allowances that are given with the salary are mentioned in the table below:

Apart from these allowances, several benefits are given along with the IBPS RRB Salary, they are:

• Travel Allowances: A candidate appointed as officer scale-I gets a full travelling allowance or reimbursement of the money spent on petrol/diesel.
• Leased Accommodation is provided to the candidate.
• Medical Reimbursement is provided to the candidate.
• Pension Schemes are available to the candidate
• Overtime Allowance is available to the candidate
• Newspaper Allowance is available to the candidate

IBPS RRB Job Profile & Promotion

Candidates must check the job profiles of the coveted positions in IBPS RRBs before filling out the online application form. Below is the detailed job profile and responsibilities of IBPS RRB Clerk and PO.

IBPS RRB Clerk Job Profile

Once a candidate is appointed as an IBPS RRB Clerk then he/she is under training which is also known as a probation period of 6 months. Given below is the job profile of a candidate working as a clerk:

1. Handle Receipts: A candidate selected as an Office Assistant receives and acknowledges cash, drafts, cheques, pay orders, and other instruments.
2. Handle Withdrawals: A candidate selected as an Office Assistant handles the Passing and paying out cash payment of withdrawal forms, cheques, etc
3. Handle mail and delivery: A candidate selected as an Office Assistant also has to acknowledge inward mail, prepare outward mail, and manage the delivery of chequebooks.

IBPS RRB PO Job Profile

Once a candidate is selected as an RRB PO, he/she undergoes training also known as probation of 2 years. While the candidate is under his/her probation period, he/she will receive a fixed amount that is usually less than the normal pay scale. Given below is the IBPS RRB PO job profile for the candidates selected for IBPS RRB Officer Scale I (PO):

• A candidate selected as IBPS RRB Officer Scale-I has to manage the day-to-day banking operations.
• A candidate selected as IBPS RRB Officer Scale-I has the responsibility of Loan disbursement & credit portfolio rating.
• A candidate selected as IBPS RRB Officer Scale-I has to take care of single window operations or be a teller.
• A candidate selected as IBPS RRB Officer Scale-I has to focus on the agricultural schemes and policies for the rural market.
• A candidate selected as IBPS RRB Officer Scale-I has to Prepare the audit reports and NPA recovery also forms a major job task.

IBPS RRB Officer Assistant Career Growth

The career growth of an office assistant is great. The promotional criteria differ from bank to bank. There is no interview in IBPS RRB Clerical and hence it is easier for a candidate to join the bank in the clerical cadre. Certain banks offer promotions up to Scale IV while some banks offer promotions up to Scale-V. You can also get some certification from IIBF by clearing JAIIB as it will give a great boost to your career.

IBPS RRB Officer Scale I Career Growth

IBPS RRB Officer Scale-I: Given below is the promotional hierarchy for IBPS RRB Officer Scale I is shown below:

1. IBPS RRB Officer Scale I (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 Salary: Know the Annual Package

The IBPS RRB annual package varies based on various factors such as post, location, particular RRB, and additional allowances provided. The IBPS RRB Annual Package shall be increased at regular intervals mostly every year. The range of annual Package is tabulated below