IBPS PO Salary

IBPS PO Salary 2020: An IBPS PO gets a handsome salary along with a dozen of perks and benefits which in turn tempts the govt. job aspirants to apply for this job. All the information provided here is given as per the latest IBPS PO 2020 Notification. Here we are discussing the IBPS PO Salary, Job Profile, Career Growth, and Promotion Policy of an IBPS PO.

IBPS PO Salary 2020

The IBPS PO Notification 2020  has been released. The appointed candidates for the IBPS PO post will be placed in the Junior Management Grade Scale 1or JMGS-I. The JMGS 1 term is generally used to refer to the officers who have just entered the Officer Cadre after promotion from the Clerical Cadre.

The IBPS PO Pay Scale will be Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020.

Type of Pay Amount
Basic Pay
  • Rs 23700/- ( Increment in 4 stages-
  • Salary after 1st Increment- Rs. 30560/-
  • Salary after 2nd Increment-Rs. 32850/-
  • Salary after 3rd Increment- Rs. 42020/-
Special Allowances Rs 18, 36.75
Dearness Allowances 40% of the basic pay(Varies based on inflation rates)
City Compensatory Allowances Rs 870
House Rent Allowance Rs 2133
Gross with HRA Rs 38, 703.38
Medical Aid Rs 8000
Entertainment Rs 500
Newspaper Rs 300
Petrol Rs 3000
Telephone Rs 400
Canteen Subsidy Rs 400
Pension Contribution Rs 25000
Gross Annual CTC(with HRA but without leased accommodation) Rs 5, 57, 640

IBPS PO Salary: Increment

There is a provision of timely increment of the pay of the IBPS PO officer as given below:

Increment Percentage Basic Pay Gross Salary
15 % Rs.26,706/- Rs.37,068/-
20 % Rs.27,866/- Rs.38678/-
25 % Rs.29,026/- Rs.40,288/-
30 % Rs.30,187/- Rs.41,899/-

As mentioned, a basic salary of Rs 23,700 is paid. Additionally, other allowances such as Dearness Allowance(DA), House Rent Allowance(HRA), City Compensatory Allowance (CCA), and Special Allowances are also there. An annual increment of Rs 980 for 7 years is paid.

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IBPS PO Salary In India After Bipartite Settlement

Wage revision in public sector banks is held place every five years. The 11th bipartite settlement is due from November 1, 2017. Bank PO salaries revision takes place on the basis of bipartite settlement. Therefore, for IBPS PO 2020 the salary will be decided on the basis of the 11th Bipartite Agreement.

IBPS PO Salary Slip

Here we have shown the salary slip of an employee for the IBPS PO Post.

IBPS PO Perks And Allowances

As said earlier, it is not just the salary that is the tempting force, but it is also the Perks and Allowances that one receives as an IBPS PO. The following are the perks that is enjoyed by an IBPS PO:

  1. Leased Accommodation – This benefit is dependent upon the place of posting and is available to the bank officers. Some banks provide official bank accomodation/bank quarters instead of leased housing.
  2. Travelling Allowance – Most banks provide a fixed Traveling Allowance and reimbursement of petrol bills.
  3. Medical Aid – Revised price is Rs 8000/- p.a. This is the amount for the medical needs of the employee.
  4. Newspaper Reimbursement: A fixed monthly amount for newspaper service.
  5. Coverage under New Pension Scheme

IBPS PO Job Profile

IBPS PO is one of the reputed jobs in the banking sector and provides many lucrative offers to the employees. Probationary Officer is trained for multiple operations such as finance, accounting, billing, investment, revenue collection, etc. during his/ her probation period to acquaint them with the banking procedure.

1. Resolving customer queries of the branch

2. Maintaining and supervising regular branch activities

3. Public relations and addressing issues and grievances of customers

4. Directing daily transactions of customers and processing loan(s) detail

5. Bringing new businesses to the bank branch

IBPS PO Salary: IBPS PO Promotion

The stages of promotion for an IBPS PO is given below.

  1. Middle Manager – Middle Management Grade Scale 2
  2. Senior Manager – Middle Management Grade Scale 3
  3. Chief Manager – Senior Management Grade Scale 4
  4. Assistant General Manager – Senior Management Grade Scale 5
  5. Deputy General Manager – Top Management Grade Scale 6
  6. General Manager – Top Management Grade Scale 7
  7. Executive Director
  8. Chairman and Managing Director

Participating Bank For IBPS PO 2020

The participating banks for the IBPS PO 2020 are given below.

Banks Participating In IBPS PO 2020
1.Bank of Baroda
2.Bank of India
3.Bank of Maharashtra
4 Canara Bank
5. Central Bank of India
6. Indian Bank
7. Indian Overseas Bank
8. Punjab National Bank
9. Punjab & Sind Bank
10. UCO Bank
11. Union Bank of India

You can apply for other Bank Jobs that offer a handsome salary.

IBPS PO Salary 2020: FAQ’s

What is the basic pay for an IBPS PO?
Ans. The basic pay of a Probationary Officer is Rs.23,700.

What are the perks of an IBPS PO?
Ans. As an IBPS PO, the employee is entitled to get medical facility, newspaper allowance, Travel Allowances, HRA, DA, and other allowances.

What is the highest post at which a person becomes as an IBPS PO?
As an IBPS PO, the employee may get promoted to the rank of Chairman and Managing Director.

How many times does the IBPS PO Exam take place?
Ans. IBPS PO Exam is held annually.

 

The much-awaited IBPS PO 2020 Notification has finally been released. Each year lakhs and lakhs of candidates apply to become an IBPS Probationary Officer. The candidates have to apply through the online mode only for which they have to fulfill the eligibility criteria laid down by the banks. The eligibility criteria of IBPS are certain factors that have been mentioned below:

  • Nationality

  • Age Limit
  • Educational Qualification


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IBPS PO Eligibility: Nationality

The IBPS PO Eligibility as per the Nationality/Citizenship of a candidate is given below. A candidate must be either –

  • a Citizen of India or
  • a subject of Nepal or
  • a subject of Bhutan or
  • a Tibetan Refugee who came over to India before 1st January 1962 with the intention of permanently settling in India or
  •  a person of Indian origin who has migrated from Pakistan, Burma, Sri Lanka, East African countries of Kenya, Uganda, the United Republic of Tanzania (formerly Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia and Vietnam with the intention of permanently settling in India

The candidates who are not the citizens of India i.e. for the categories (ii), (iii), (iv) & (v) above will have to produce a certificate of eligibility issued by the Government of India during the Bank PO interview.

IBPS PO Eligibility: Educational Qualification

All the educational qualifications mentioned should be from a University/ Institution/ Board recognized by Govt. Of India/ approved by Govt. Regulatory Bodies and the final result should have been declared on or before 26.08.2020.

  • A Degree (Graduation) in any discipline from a University recognized by the Govt. Of India or any equivalent qualification recognized as such by the Central Government.
  • The candidate must be in possession of a valid Mark-sheet / Degree Certificate that he/ she is a graduate on the day he/she registers and indicates the percentage of marks obtained in Graduation while registering online.

Points To Note For IBPS Educational Qualification

  • Proper document from Board / University for having declared the result on or before 26.08.2020 has to be submitted at the time of the interview. The date of passing the eligibility examination will be the date appearing on the mark-sheet or provisional certificate issued by University / Institute. In case the result of a particular examination is posted on the website of the University / Institute and web based certificate is issued then proper document/certificate in original issued and signed by the appropriate authority of the University / Institute indicating the date of passing properly mentioned thereon will be reckoned for verification and further process.
  • Candidate should indicate the percentage obtained in Graduation calculated to the nearest two decimals in the online application. Where CGPA / OGPA is awarded, the same should be converted into percentage and indicated in online application.

  • If called for interview, the candidate will have to produce a certificate issued by the appropriate authority inter alia stating that the norms of the University regarding conversion of grade into percentage and the percentage of marks scored by the candidate in terms of norms

Register Here for IBPS PO 2020 Study Material and Updates

Calculation of Percentage For IBPS PO 2020

The percentage marks shall be arrived at by dividing the total marks obtained by the candidate in all the subjects in all semester(s)/year(s) by aggregate maximum marks (in all the subjects irrespective of honors / optional/additional optional subject, if any) multiplied by 100. This will be applicable for those Universities also where Class / Grade is decided on the basis of Honours marks only. The fraction of percentage so arrived will be ignored i.e. 59.99% will be treated as less than 60% and 54.99% will be treated as less than 55%.

For extensive preparation of IBPS PO exam candidates must take Mock Tests, which will also help them analyze their preparation level.

IBPS PO Eligibility for EWS Category

Applicants not covered under the SC, ST, OBC categories, and have a gross annual income less than 8 lakh rupees are identified as EWS candidates i.e. candidates belonging to Economically Weaker Section. Such candidates are entitled to the benefit of a 10% reservation for the vacancies released by IBPS.

The income from all sources such as salary,  business, agriculture, profession, etc. will be included in revenue. This income will be the income from the financial year preceding the year of application.

However, any person or his family having possession of any of the below-mentioned assets will not be included in the EWS category, irrespective of his annual family income.

  1. 5 acres of Agricultural Land and above
  2. Residential flat of 1000 sq. ft. and above
  3. Residential plot of 100 sq. yards and above in notified municipalities
  4. Residential plot of 200 sq. yards and above in areas other than the notified municipalities

While applying for the property holding test to determine EWS status, the property owned in different locations by a particular “Family” is clubbed.

Candidates seeking to avail the benefit of EWS reservation for IBPS PO Selection Process Will have to produce an Income and Asset Certificate at the time of document verification and interview round issued by a Competent Authority in the prescribed format.

The term “Family” will include the person seeking the benefit of reservation, his parents, siblings below 18 years of age, spouse and children below 18 years of age.

IBPS PO Eligibility for PWD Category

As per the Government of India norms, persons with benchmark disabilities are eligible for reservation under section 34 of “The Rights of Persons with Disabilities Act, 2016”.

The categories of disabilities eligible to avail reservation under the Act is as follows:

  • Deaf and hard of hearing
  • Blindness and low vision
  • intellectual disability, autism, mental illness, and specific learning disability
  • locomotor disability including leprosy cured, cerebral palsy, dwarfism, muscular dystrophy, and acid attack victims

People with benchmark disabilities will be allocated the reserved vacancies as prescribed in the “The Rights of Persons with Disabilities Act, 2016” and as per vacancies reported to IBPS by Participating banks.

Directives for PwD using services of Scribe

Candidates whose writing speed is affected permanently or with minimum benchmark disability for any reason are allowed to use their own scribe during IBPS PO Exam 2020, but have to abide by certain rules mentioned below.

  • Candidates who wish to use the scribe services or are eligible for the same in the examination will have to apply for the services of scribe while filling the IBPS PO Application Form.
  • Scribe will have to be arranged by the candidates themselves and at their own cost.
  • Both candidate and scribe will have to submit an undertaking that all the stipulated eligibility conditions mentioned for the scribe is fulfilled. Also, if, at any stage of the exam, it is found that the scribe did not fulfil any of the eligibility criteria prescribed or suppresses material facts then the applicant’s candidature will be canceled, irrespective of the result of the CRP.
  • The scribe arranged by the candidate may be from any educational background but should not be any candidate for the online examination under (CRP-PO/MT-IX)
  • Scribe used by the candidate is eligible for compensatory time of 20 mins or otherwise recommended for the full hour of the examination.

Since compensatory time given to candidates shall be a system based process, therefore, only candidates who register for the same will be allowed such concessions.

Directives for candidates with Cerebral Palsy and Locomotor Disability 

Candidates with a minimum of 40% Cerebral Palsy and Locomotor Disability where dominant extremity i.e. writing is affected to the scope where it may slow down the performance will be permitted a compensatory time of 20 min/hr or otherwise advised.

Directives for candidates having Intellectual Disability

Candidates will be provided a compensatory time of 20 min/hr of the exam only if they are more than 40% Intellectually Disabled, mentally ill, Autistic or have Specific Learning Disability, irrespective of availing the Scribe services.

Directives for Visually Impaired candidates

The Visually Impaired candidates suffering from 40% or more disability may opt to view the contents of question paper in magnified font and will be eligible for compensatory time of 20 min/hr otherwise advised. Only the visually impaired candidates who are not using the services of scribe will be permitted to avail the facility of viewing the contents of the test in the magnifying font.

IBPS PO Eligibility: Age Limit

The age limit plays an important factor while filling up the IBPS PO 2020 Online Form.

IBPS PO Age Limit
Age
IBPS PO Age Limit- Maximum 30 years
IBPS PO Age Limit- Minimum 20 years

The exemptions related to the IBPS PO Age Limit for the following category of candidates is given below:

IBPS Age Limit: Category

Age Relaxation

SC/ ST (Scheduled Caste/ Scheduled Tribe) 5 years
OBC (Other Backward Classes – Non-Creamy Layer) 3 years
PwD (Persons With Disabilities) 10 years
Ex-Servicemen, Commissioned Officers which inlcudes
Emergency Commissioned Officers (ECOs)/ Short Service Commissioned Officers (SSCOs). These candidates must have gained at least 5 years of military service and have been released on completion of the assignment (including those whose assignment is due within a year
5 years
Persons originally domiciled in Jammu and Kashmir
from January 1, 1980 to December 31, 1989
5 years
Persons affected by 1984 riots 5 years

Note:

  • Candidates seeking age relaxation will be required to submit necessary certificate(s) in original/ along with photocopies at the time of Interview and at any subsequent stage of the recruitment process as required by IBPS/ Participating Organisation(s).
  • There is no reservation for Ex-servicemen in Officers’ Cadre.

IBPS PO 2020: FAQs

Q. What is the age limit to apply for IBPS PO 2020?

Ans. The minimum age limit is 20 years and maximum age limit is 30 years to apply for IBPS PO 2020. However, age relaxation is provided for a certain categories of candidates.

Q. Can the candidates who are in their final year of Graduation and are waiting for the result can apply for IBPS PO?

Ans. No, the candidates need to have their mark sheets to enter the marks while filling the online application of IBPS PO 2020.

Q. I have obtained 50% in my Graduation. Can I apply for IBPS PO?

Ans. Yes, you can apply.

Q. Do I need to round off the percentage obtained in graduation while filling up the online application for IBPS PO?

Ans. Yes, you have to round off the percentage obtained.The fraction of percentage so arrived will be ignored i.e. 59.99% will be treated as less than 60% and 54.99% will be treated as less than 55%


 

IBPS PO Online Application Form 2020: The IBPS PO Online Application Form is made available on the official website of the Institute of Banking Personnel Selection. The IBPS PO Online application is active from 05th August to 26th August 2020. The notification for the IBPS CRP PO/ MT-X for 2020 recruitment was released on 04th August 2020. The Aspirants check the link to apply online for IBPS PO 2020 on this page.

IBPS PO Notification 2020: Released on 4th Aug

IBPS PO Application Form 2020: Important Dates

The IBPS PO Online Application 2020 is available from 05th to 26th August 2020. Check the important dates for IBPS PO 2020 exam from the given table:

The following table shows all important dates of the events related to IBPS PO 2020 Registration:

IBPS PO 2020 Events

Dates

IBPS PO Registration 2020 to Begin from 05th August 2020
Last date to Apply for IBPS PO 2020 26th August 2020
Fee Payment Dates 05th to 26th August 2020
Pre- Exam Training Admit Card September 2020
Conduct of Pre-Exam Training 21st to 26th September 2020
Download of Prelims Call Letters October 2020
Prelims Exam 03rd 10th & 11th October 2020
Prelims Result October/ November 2020
Mains Admit Card November 2020
Mains Exam 28th November 2020
Mains Result December 2020
Interview Admit Card January 2021
Interview Dates January/ February 2021
Provisional Allotment April 2021

Exam Fee For IBPS PO 2020

IBPS PO Online Application Fee for all category candidates is tabulated below. The Application Fee for IBPS PO 2020 will have to be paid online only.

Category Charges Fee Amount
SC/ST/PwBD Intimation Charges only ₹ 175/-
GEN/OBC/EWSs Application fee including intimation charges ₹ 850/-

How to Apply Online for IBPS PO 2020?

The online form for IBPS PO 2020 cannot be edited once it has been submitted by the candidates. Thus, the aspirants cannot afford to make any mistake while filling out the form for the same. Candidates are requested to follow the steps mentioned below while filling the IBPS PO 2020 Online Application Form. Here is the screenshot of the IBPO PO Online Window:

The online application process for IBPS PO will comprise of two stage:
|| Registration | Log In ||

Part I: Registration
  • The candidates are to first click on the link that is given below.
  • Enter the details asked for.
  • A provisional registration number and password will be sent on the registered Email ID and Mobile number.
Part II: Log In
  • On receiving the registration no. and password, login to complete the application procedure.
  • Fill up the personal, academic details, and communication details correctly.
  • Choose the exam centre carefully.
  • Upload the photograph, signature, Left Hand Thumb Impression, Handwritten declaration.
  • The details for uploading of the documents is given below in the next paragraph.
  • Verify the details entered in the form before paying the application fee.
  • After verification, pay the required application fee.
  • Your application form for IBPS PO will be accepted provisionally after you have paid the application fee.

Documents Required For IBPS PO Online Form

The candidates will have to upload the following documents in the required size in JPEG format in the IBPS PO 2020 Online Form.

Documents
Dimensions
File Size
Passport Size Photograph 200 x 230 Pixels 20 – 50 KBs
Signature 140 x 60 Pixels 10 – 20 KBs
Left Thumb Impression 240 x 240 Pixels 20 – 50 KBs
Hand Written Declaration 800 x 400 Pixels 50 – 100 KBs

Hand Written Declaration Text
“I, _______ (Name of the candidate), hereby declare that all the information submitted by me in the application form is correct, true and valid. I will present the supporting documents as and when required.”

IBPS PO Online Application Link

The online application is available from 05th August 2020 to 26th August 2020. All Interested and eligible candidates can apply online for IBPS PO 2020 Exam by clicking on the link mentioned below:

IBPS PO 2020 Online Form: How To Retrieve Password?

There are chances that the candidates can forget their application form password. Here are the steps to get back your password.

  1. Visit the official website of IBPS or the link that is given above.
  2. Click on the “Forgot Password” on the right side of the screen.
  3. On the new page, enter the Registration Number and registered Mobile Number or Email ID.
  4. Click on “Submit”
  5. The new password will be sent to a registered Email ID or Mobile number.
  6. Log in with the system with the newly generated password.

Need Help During IBPS PO Online Form?

If candidates need any assistance or faces any problem while filling the IBPS PO Application form, they can contact the authorities through the helpline numbers given below

Helpline Numbers

  • 1800 222 366
  • 1800 103 4566

The service will be available from 9:30 a.m. to 6 p.m. except on Saturday, Sunday, and bank holidays.

Points To Note For IBPS PO Online Application Form 2020

  • The application process is entirely online. No other mode of application will be accepted.
  • E-mail id  and mobile number should be kept active for any future correspondence. The authorities will communicate with candidates through Email and SMS.
  • Evidence for claims made by the candidate while applying online should be uploaded by the candidate at the time of Registration itself. The same will be verified subsequently at the time of Certificate Verification and Interview process
  • Candidates must fill the complete form before the last date of online mode.
  • Save the Application and Acknowledgement documents for future reference.
  • Candidates should indicate their order of preferences at this stage. No requests for change in this connection shall be entertained.


IBPS PO Application Form 2020: FAQs

Q 1. What is the last date of IBPS PO Online Application?

Ans. The last date of IBPS PO Online Application is 26th August 2020.

Q 2. What documents need to be uploaded in the IBPS PO Online Application?

Ans. The candidates need to upload their photograph, signature, Left Hand Thumb Impression or LTI, and handwritten declaration for the online application form of IBPS PO 2020.

Q 3. Can I pay the IBPS PO application fee offline?

Ans. No, you can pay the IBPS PO application fee only through online mode only. No other means will be accepted for paying the application fee.

Q 4. Can the final year student apply for IBPS PO 2020?

Ans. Yes, the final year student can apply for the IBPS PO 2020.

Q 5. Can we apply for any state in IBPS PO 2020?

Ans. Yes, one can apply for any state in IBPS PO 2020.

Q6. How can I reopen and view my submitted IBPS PO application form?

Ans. You can view by logging in with the registration no. and Password using the same link that is given on this site.

Q7. What if my payment for IBPS PO Online Form fails?

Ans. The amount deducted will be credited into your bank in around 5 to 7 days.

Q8. Do I have to submit my caste certificate with the online application form?

Ans. No, the caste certificate is not to be submitted with the online application form. However, it will be required during the Document Verification.