IBPS RRB Salary 2021
IBPS RRB Salary 2021: The Institute of Banking Personnel Selection (IBPS) every year conducts recruitment exams for Regional Rural Banks in India. The notification for IBPS RRB 2021 has released the official notification for FY 2021-22 on its official website. RRB offers a handsome and lucrative salary along with various perks to its employees, which is the main factor due to which lakhs of candidates apply every year. The banking aspirants who are interested in a career in rural banks can know the detailed salary structure, allowances, job profile from the article below.
The IBPS RRB exam is conducted for the recruitment for Group A & B posts:
- Group A- Officer Scale- I, II, and III
- Group B- Office Assistant (Multipurpose)
Here we are discussing the salary received by an IBPS RRB Employee.
IBPS RRB Salary 2021 In Hand Salary
IBPS RRB In-hand Salary for Group A & B posts has been tabulated below. Have a look at the glance of salary for different posts.
|IBPS RRB Salary For Clerk & Officer Post|
|IBPS RRB Posts||IBPS RRB salary (In-hand Salary)|
|IBPS RRB Clerk||Rs. 15000/- – Rs.19000/-|
|IBPS RRB Officer (PO)||Rs. 29,000/- – Rs. 33,000/-|
|Officer Scale-II||Rs. 33,000/- – Rs. 39,000/-|
|Officer Scale III||Rs. 38,000/- – Rs. 44,000/-|
IBPS RRB PO Salary
The initial salary for IBPS RRB PO may range between Rs. 29,000 to 33000 along with DA, HRA, and special allowances. IBPS RRB Officer Scale- I or PO Pay Scale is Rs. 23700 – 980/7 – 30560 – 1145/2 – 32850 – 1310/7 – 42021.
|Annual Increments||IBPS RRB PO In-hand Salary|
|Starting Pay||Rs. 23700|
|Rs. 980/- for the first 7 years||Rs. 30650|
|Rs. 1145/- for the next 2 years||Rs. 32850|
|Rs. 1310/- for the next 7 years||Rs. 42021|
IBPS RRB Clerk Salary 2021
The initial in-Hand Salary of IBPS RRB Clerk varies from Rs. 15,000 – 20,000/-. This salary may vary for different organizations. 100% DA is given for the new recruits.
IBPS RRB Office Assistant or IBPS RRB Clerk Pay Scale is Rs. 7200-(400/3)-8400-(500/3)-9900-(600/4)-12300-(700/7)-17200-(1300/1)-18500-(800/1)-19300.
|Annual Increments||IBPS RRB Clerk In-hand Salary|
|Starting Pay||Rs. 7200|
|Rs. 400 for first 3 years||Rs. 8400|
|Rs. 500 for next 3 years||Rs. 9900|
|Rs. 600 for the next 4 years||Rs. 12300|
|Rs. 700 for next 7 years||Rs. 17200|
|Rs. 1300 for one year||Rs. 18500|
|Rs. 800 for next one year||Rs. 19300|
IBPS RRB Job Profile 2021
Here the IBPS RRB PO and Clerk Job Profiles have been explained.
IBPS RRB PO Job Profile
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 will receive a fixed amount that is usually less than the normal pay scale. The job profile for the candidates selected for IBPS RRB Officer Scale I (PO) 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 managing of the clerical staff. Running and operations of banks also rely on the Probationary Officer.
IBPS RRB Clerk Job Profile
When a candidate is appointed as an IBPS RRB Clerk he/she is under training or probation period of 6 months. During this time period, he/she gets acquainted with the functions that will be executed by them. The Job Profile of an IBPS RRB Clerk or an office assistant is given below:
- Handle Receipts: An IBPS RRB Office Assistant receives and acknowledges cash, drafts, cheques, pay orders, and other instruments.
- Handle Withdrawals: Passing and paying out cash payment of withdrawal forms, cheques, etc
- Handle mails and delivery: Acknowledging inward mails, preparing outward mails, and managing the delivery of cheque books.
IBPS RRB PO Career Growth
IBPS RRB Officer Scale-I is a position for the post of Probationary Officer (PO) in the RRB’s. The in-hand salary of IBPS RRB Officer ranges from Rs. Rs. 29,000 – Rs. 33,000.
An IBPS RRB Officer Scale I will be under probation for a period of 2 years. After that he/she will be appointed as a regular serving employee thereby, being promoted to the post of Assistant Manager. The promotional hierarchy for IBPS RRB Officer Scale I is shown below:
- IBPS RRB Officer Scale I (PO)
- Assistant Manager
- Deputy Manager
- Branch Manager
- Senior Branch Manager
- Chief Manager
- Assistant General Manager
- Deputy General Manager
- General Manager
IBPS RRB Salary Perks & Allowances
The IBPS RRB Salary includes Dearness Allowances (DA) and House Rent Allowance (HRA) for all the scales of IBPS RRB.
The table below displays the detailed information of all the allowances provided to the IBPS RRB Officers.
|IBPS RRB Salary Allowances|
|Dearness Allowance||46.5% of the basic pay.|
|House Rent Allowance||For Rural Areas: 5% of the basic pay
For Semi-urban Areas: 7.5% of the basic pay
For Urban Areas: 10% of the basic pay
|Special Allowances||7.75% of the basic pay.|
Apart from these allowances, there are also the following perks tagged along with the IBPS RRB Salary in India:
- Travel Allowances: Full traveling allowance or reimbursement of the money spent on petrol/diesel.
- Leased Accommodation: Banks mostly provide their employees either a bank quarter to stay in or gives an option to lease a house for which the bank is accountable for providing the rent.
- Medical Reimbursement
- Pension Schemes
- Overtime Allowance
- Newspaper Allowance
» You may also read the following salary of the bank exams:
IBPS RRB Salary 2021 FAQ’s
Q. What are the posts for which I can apply for IBPS RRB?
Ans. You can apply for the post of IBPS RRB Clerk or Office Assistant, IBPS RRB Officer Scale I or PO, IBPS RRB Officer Scale-II, and IBPS RRB Officer Scale III. However, you can apply only for one post in Officer Category.
Q. What is the pay scale of the IBPS RRB Clerk?
Ans. The PayScale of IBPS RB Clerk is Rs. 7200-(400/3)-8400-(500/3)-9900-(600/4)-12300-(700/7)-17200-(1300/1)-18500-(800/1)-19300.
Q. What is the pay scale of IBPS RRB PO?
Ans. The pay scale of an IBPS RRB PO is 14500-600/7-18700-700/2-20100-800/7-25700.
Q. What is the salary of an IBPS RRB PO?
Ans. The salary of an IBPS RRB PO at present varies from Rs.29,000 to 33,000 at 100% D.A.
Q. What is the job of an IBPS RRB PO or Officer Scale I?
Ans. An IBPS RRB PO carries the duty of Loan disbursement & credit portfolio rating, preparation of the audit reports, and NPA recovery as well as managing the day-to-day operations of the bank.
Q. Can Candidate attempt IBPS RRB exams in the Hindi language?
Ans. Yes, for all IBPS RRB exams, candidates can attempt exams in the Hindi language except English subject Paper.