What is IBPS PO Salary?

IBPS PO (Probationary Officer) is among the most prestigious banking jobs in India, offering an excellent salary package with attractive allowances and career growth opportunities. As per the 12th Bipartite Settlement effective from April 2024, the IBPS PO starting basic pay is ₹48,480, and the in-hand salary ranges between ₹74,000 and ₹76,000 per month.
The pay scale follows the structure ₹48,480 – 2,000(7) – 62,480 – 2,340(2) – 67,160 – 2,680(7) – ₹85,920, ensuring regular annual increments over the career span.
The gross salary includes several allowances. Dearness Allowance (DA) is calculated as a percentage of basic pay and revised quarterly based on CPI data, while HRA varies between 7% to 9% of basic pay depending on the city of posting. Special Allowance is approximately 7.75% of the basic pay, and City Compensatory Allowance (CCA) ranges from 0% to 4% based on city classification.
After around 10 years of service, an IBPS PO can expect an in-hand monthly salary of approximately ₹90,000 to ₹1,10,000 or even more, as most officers reach Scale-II or Scale-III (Manager/Senior Manager) roles by then.
The promotion hierarchy for IBPS PO follows a clear path: Middle Manager (MMGS-II) → Senior Manager (MMGS-III) → Chief Manager (SMGS-IV) → Assistant General Manager (SMGS-V) → Deputy General Manager → General Manager → Executive Director → Chairman and Managing Director.
Beyond salary, IBPS POs enjoy medical aid reimbursement, Learning Allowance, Travelling Allowance, newspaper reimbursement, and New Pension Scheme (NPS) benefits — making it a holistic and financially rewarding career in the public sector banking domain.