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IBPS AFO Salary 2024
The Institute of Banking Personnel Section has announced 346 vacancies for the Agriculture Field Officer (AFO) for 2024. An appealing salary package is being offered for this role under Scale 1, along with various allowances and benefits, contributing to a competitive compensation structure. Candidates who have a background in agriculture are ideal for this position as they will be provided with a decent salary as well as additional perks and allowances. For a detailed breakdown of the IBPS AFO Salary 2024, including base pay and supplementary benefits, please go through the given article.
IBPS AFO Salary Structure
The salary for Scale 1 officers in 2024 for the IBPS Agriculture Field Officer ranges from ₹20,000 to ₹23,700. This salary falls within the designated pay band for the position. The comprehensive breakdown of the salary structure is mentioned below:
| IBPS AFO Salary Structure | |
| Category | Pay Scale |
| IBPS SO AFO Officer Scale I | Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 |
| IBPS SO AFO Officer Scale-II | Rs. 31705-1145/1-32850-1310/10-45950 |
| IBPS SO AFO Officer Scale III | Rs. 42020-1310/5-48570-1460/2-51490 |
IBPS AFO In-Hand Salary
Aspirants are often eager to understand their monthly take-home pay, which is influenced by basic pay, various allowances, and government-mandated deductions. The following table will provide you with a clearer picture of the detailed breakdown of the IBPS Agriculture Field Officer (AFO) salary for 2024:
| IBPS AFO In-Hand Salary | |
| 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 Agriculture Field Officer Annual Package
The Agriculture Field Officer pay structure is aligned with the 7th Pay Commission norms. The annual compensation package can reach up to ₹2,84,400, including the base salary and various allowances. These allowances are subject to state-specific regulations that will contribute significantly to the total remuneration.
IBPS AFO Salary Slip
The IBPS Agriculture Field Officer (AFO) salary slip contains a detailed breakdown of an employee’s earnings and deductions. This document includes components such as base pay, allowances, and deductions, all per the 7th Pay Commission norms. It provides transparency into both monthly and annual remuneration, helping employees understand their take-home pay and manage their finances effectively. For AFOs, the salary slip is an essential tool for tracking compensation and benefits.
Perks and Allowances of IBPS AFO 2024
Apart from the salary, various exciting various perks and benefits are provided to the IBPS Agriculture Field Officers. Candidates can check the details and the percentage for the same, here:
| Component | Values |
|---|---|
| Dearness Allowance | 36% of Basic, approximately Rs. 8600 |
| House Rent Allowance (HRA) | Between 7% to 9% (varies based on posting location) |
| Conveyance Allowance | Fixed amount based on fuel expense (2-wheeler or 4-wheeler) |
| Special Allowance | 7.75% of Dearness Allowance + Basic Salary |
| City Compensatory Allowance | Between 0% to 4% (based on place of posting) |
| Lease Allowance | Optional instead of HRA, up to Rs. 29,500 (based on place of posting) |
| PF Contribution | Between Rs. 3000 and Rs. 3500 |
IBPS AFO Job Profile 2024
The role of an Agriculture Field Officer (AFO) involves several key responsibilities, especially in rural areas. Selected candidates will be tasked with promoting and facilitating the bank’s financial services for farmers and rural communities. Key responsibilities include:
- Promoting Rural Funding: Encouraging and increasing financial support for rural development projects.
- Disbursing Loans: Providing loans to farmers and individuals involved in agriculture.
- Loan Management: Ensuring proper allocation and receipt of loans by farmers.
- Agricultural Loan Review: Regularly assessing the status and effectiveness of agricultural loans.
- Crop Failure Assessment: Investigating cases of crop failure to offer necessary support and solutions.
- Educating Farmers: Informing farmers about the bank’s programs, benefits, and financial services.
- Boosting Rural Investment: Promoting and enhancing financial investments in rural areas to support agricultural growth.
IBPS AFO Promotion and Career Growth 2024
Career growth within the IBPS AFO role offers various opportunities for advancement through internal promotions and examinations. Here, take a look at the typical career hierarchy for Agriculture Field Officers (AFO) at IBPS:
- Scale 1: Officer / Assistant Manager
- Scale 2: Manager
- Scale 3: Senior Manager
- Scale 4: Chief Manager
- Scale 5: Assistant General Manager
- Scale 6: Deputy General Manager
- Scale 7: General Manager
| Check the other related articles, | |
| IBPS AFO Notification 2024 | IBPS AFO Syllabus |
| IBPS AFO Previous Year Question Papers | How to prepare for IBPS AFO? |
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