IBPS PO Salary 2023 - Pay Scale, In-Hand Salary & Perks

The IBPS PO salary is one of the main driving force for candidates appearing for the post. The bank PO job has always been the choicest career option in India. The Bank PO salary is one of the major reasons for candidates to get into the banking domain apart from security, lucrative perks and allowances.

The basic salary for the IBPS PO post is Rs 23700/-. Apart from this, there are other allowances for medical expenses, house rent, travel, etc. There are several increments which are added to the IBPS PO salary as an employee continues to work in the bank.

Candidates can know more about other IBPS exams at the linked article.

This article is aimed at providing details on the salary structure of the IBPS PO and other aspects like career growth and responsibilities.

Given below are a few other salary articles for the various posts under the banking sector:

IBPS PO Salary in India after the Bipartite Settlement

Bank PO salaries revision takes place on the basis of bipartite settlement. As for the IBPS PO salary 2023, the salary shall be decided based on the Bipartite settlement.

The IBPS PO salary based on the 2023 notification is as mentioned below:

For details on other bank salary range, refer to the linked article.

Apart from these allowances, there are other perks tagged along with the IBPS PO Salary in India.

They are:

1. Travel Allowances – There is an option of full travelling allowance or reimbursement of the money spent on petrol/diesel.
2. Leased Accommodation – Banks mostly provide their employees either a banks quarter to stay in or gives an option to lease a house for which bank is accountable for providing the rent.
3. Medical Reimbursement – Mostly pay a fixed amount to its employees for medical treatment
4. Pension Scheme
5. Miscellaneous

Before getting into the details of IBPS PO Salary in India, the aspirants should know the various participating banks.

The participating banks for the IBPS PO posts are given below:

• Allahabad Bank
• Canara Bank
• Indian Overseas Bank
• Syndicate Bank
• Andhra Bank
• Central Bank of India
• Oriental Bank of Commerce
• UCO Bank
• Bank of Baroda
• Corporation Bank
• Punjab National Bank
• Union Bank of India
• Bank of India
• Indian Bank
• Punjab & Sind Bank
• United Bank of India
• Bank of Maharashtra

Candidates in anticipation of IBPS exam calendar 2021 can check the IBPS exam dates at the linked article.

Related Links:

IBPS PO Career Growth

The fruitful career options that follow after owning the post of 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

IBPS PO Responsibilities

Getting the designation of IBPS PO is very lucrative. However, there are many job responsibilities that have to be taken care of.

The various responsibilities of IBPS PO are given below:

1. The major task is to get involved in all the banking activities.
2. They have to take authority at times of various departments like Finance, Accounts, Marketing, Loans, etc.
3. Verifying documents and processing loans are also a major part of their operations.

There are other government exams that also have a great designation, career, and salary.

Aspirants applying for the post of IAS officer can check the IAS salary at the linked article.

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