IBPS PO Salary 2025: Check Revised Salary Structure, Job Profile, Allowances & Perks

It is a highly reputed job along with an attractive salary and numerous allowances and perks. The appointed candidates for IBPS PO post will be placed in the position of Junior Management Grade Scale 1 or JMGS-I. The JMGS  1 is generally referred to the Officers who have entered the Officer Cadre after promotion from the Clerical cadre. The basic IBPS PO salary is INR 48,480. Besides, candidates get other allowances such as Dearness Allowance(DA), House Rent Allowance(HRA), City Compensatory Allowance (CCA), and Special Allowances are also there. Here we have discussed IBPS PO salary, job profile, career growth, and promotion policy. 

The Indian Bank's Association and the Bank Employees Union signed the agreement on April 12, 2024. Both parties agreed to an increase of 17 per cent in the Basic Salary of the bank employees. The 12^th Bipartite Agreement covers the employees of 12 Public Sector Banks, 10 Private Sector Banks and 3 Foreign Banks. The Bipartite Agreement also offered four stagnant increments instead of one to the senior bank employee.

The new salary structure will also offer the following allowances:

• Posting Allowance
• Special Area Allowance
• Hill and Fuel Allowance

Posting Allowance will depend on the altitude of posting. Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances – the higher the location, the bigger the allowance.

The index of Dearness Allowance was also shifted to 2016 =100. These changes will be reflected in the IBPS Bank PO Salary soon. 

IBPS PO salary structure is given in the table below.

IBPS PO In-Hand Salary

The IBPS PO in-hand salary is determined after adding all the applicable allowances and then deducting necessary contributions. After this, the net monthly salary is approximately INR 76,430.77.

Along with IBPS PO salary, candidates are also entitled to numerous benefits. These allowances add up to the IBPS PO salary. Candidates are offered the following allowances:

• Dearness Allowance (DA)
• Special Allowance
• HRA
• City Compensatory Allowance
• Leased Accommodation
• Travelling Allowance
• Newspaper reimbursement
• Medical Aid

Based on the performance of candidates there is a well-defined career progression in the public sector banks. The banks follow uniform guidelines issued by the Ministry of Finance in terms of promotion policy. Two channels are usually followed, merit channel and normal channel. The career growth of IBPS PO is given below:

• JMGS I (Junior Management Grade Scale I) or probationary officers
• Middle Manager-Middle Management Grade Scale 2
• Senior Manager-Middle Management Grade Scale 3
• Chief Manager-Senior Management Grade Scale 4
• Assistant General Manager-Senior Management Grade Scale 5
• Deputy General Manager-Top Management Grade Scale 6
• General Manager-Top Management Grade Scale 7
• Executive Director
• Chairman and Managing Director

Also Read:

• IBPS PO Vacancies
• IBPS PO Preparation Tips
• IBPS PO Books

IBPS PO selection process comprises prelims exam, mains exam, and interview. Candidates qualifying the prelims exam are called for the mains exam. The prelims exam is qualifying in nature and marks obtained in the prelims exam are not counted for the final merit list. Candidates qualifying the mains exam are called for the interview. The final merit list is prepared based on the marks secured in the mains exam and interview.

Candidates can check below IBPS PO salary 2025 FAQs.