What is the Starting Salary for IBPS RRB For PO & Clerk Posts?

The Institute of Banking Personnel Selection (IBPS) conducts exams for the various Posts in Regional Rural Banks (RRBs), including the positions of Probationary Officer (Officer Scale I), Clerk (Officer Assistants) and Officer Scale II & III. Aspiring candidates want to know the starting salary of these roles to understand the financial benefits after selection. In this column, we try to find the starting salary for IBPS RRB.

Starting Salary for IBPS RRB PO

A PO (Officer Scale I) in a Regional Rural Bank (RRB) is an entry-level managerial post. The starting salary for an IBPS RRB Probationary Officer is considered highly competitive and includes various components that enhance the overall remuneration.

Basic Pay

The initial basic pay of IBPS RRB PO is ₹36,000 per month. This forms the base of the salary structure, upon which other allowances and benefits are added.

Allowances and Benefits

• Dearness Allowance (DA): This allowance is revised quarterly based on the Consumer Price Index (CPI) and currently amounts to approximately 50% of the basic pay.
• House Rent Allowance (HRA): Depending on the posting location, HRA varies from 7-9% of the basic pay. Higher rates apply to metros and urban areas compared to rural postings.
• Special Allowance: This allowance is a fixed percentage of the basic pay, currently around 7.75%.
• City Compensatory Allowance (CCA): This varies based on the city of posting and can range from 0-4% of the basic pay.
• Other Benefits:
  • Medical allowances
  • Travel allowances
  • Leave encashment
  • Leased accommodation in certain areas

Gross Salary of IBPS RRB PO

When all these components are added, the gross salary for an IBPS RRB PO falls between ₹63,000 to ₹68,000 per month. This may vary slightly depending on the specific allowances and the location of the posting. After certain deductions, the starting salary for IBPS RRB PO ranges from ₹55,000 to ₹59,000.

Starting Salary for IBPS RRB Clerk

An IBPS RRB Clerk, also known as an Office Assistant, is responsible for various clerical tasks in the bank. The starting salary for this position is also attractive.

Basic Pay

The basic pay is the foundation of a salary structure. The basic pay for an IBPS RRB Clerk starts at ₹19,900.

Allowances and Benefits

1. Dearness Allowance (DA): Similar to the PO position, DA for clerks is around 50% of the basic pay.
2. House Rent Allowance (HRA): HRA for clerks ranges from 7-9% of the basic pay, depending on the location of the posting.
3. Special Allowance: This is generally around 7.75% of the basic pay.
4. Transport Allowance: Fixed amount provided for commuting.
5. Other Benefits:
   • Medical allowances
   • Leave encashment
   • Retirement benefits such as pension

Gross Salary

The gross salary for an IBPS RRB Clerk, including all allowances, ranges from ₹32,000 to ₹35,000 per month. It varies depending on the job location.

Considering the statutory or mandatory deductions, the starting Salary for IBPS RRB Clerk falls between ₹27,000 and ₹29,000.

Additional Perks with IBPS RRB

• Job Security: Strong job security as it is a government position.
• Work-Life Balance: Comparatively better work-life balance with fixed working hours.
• Career Growth: Opportunities for promotion to higher clerical and officer cadre based on experience and performance.