Salary and Allowances for IBPS RRB Probationary Officer

As of the last update in August 2023, the salary and allowances for an IBPS RRB Probationary Officer (PO) can vary depending on the bank and location.

The General Salary Structure

The basic salary for an IBPS RRB PO typically ranges from approximately Rs. 36,000 to 38,000 per month.

Allowances

Dearness Allowance (DA): This is revised quarterly based on the Consumer Price Index (CPI).

House Rent Allowance (HRA): Varies by location, ranging from 7% to 10% of the basic pay. In rural locations, it is around 5% of the basic pay.

Special Allowance: Fixed at around 7.75% to 10% of the basic pay.

Other Allowances: Including medical allowance, travel allowance, and other perks.

Total Salary

Depending on various factors, the total monthly salary, including allowances, ranges from approximately Rs. 60,000 to 70,000.

Additional Benefits

Provident Fund (PF): Contributions towards PF.

Gratuity: Applicable after a certain period of service.

Medical Insurance: Coverage for the employee and family.

For the most accurate and current details, it is always best to check the official announcements from IBPS or specific banks, as these figures can change.

Perks and Allowances

Along with the essential salary, the role of an IBPS RRB PO comes with various perks and allowances. Some of these are paid monthly, quarterly, or annually, and include:

Travel Allowance: A fixed amount to cover travel expenses. City Compensatory Allowance: Additional compensation for differences in cost of living in different cities. Quarter or Leased Accommodation: Either a bank-provided or leased accommodation. Medical Reimbursement: Coverage for medical expenses. Newspaper Allowance: A fixed amount for newspaper subscriptions. Overtime Compensation: Additional payment for working overtime. Petrol Allowance: A fixed amount for vehicle fuel.

The role of a Probationary Officer at an IBPS RRB provides various opportunities for growth and promotion. The typical hierarchy and promotion sequence for Probationary Officers is as follows:

General Manager Deputy General Manager Assistant General Manager Chief Manager Senior Branch Manager Branch Manager Deputy Manager Assistant Manager IBPS RRB PO

Preparing for IBPS RRB PO Exam

If you are aiming for the IBPS RRB PO exam, finding the right resources, guidance, and mentorship is crucial to beat the intense competition. Testbook is here to support you in your preparation! Visit Testbook for various courses or download the Testbook app from the Google Play store to start preparing right away.

This article aims to address your queries regarding the salary, allowances, and perks of an IBPS RRB PO. If you found this helpful, please share and upvote the post.