IBPS RRB Salary 2020

The IBPS RRB salary for the post of Officer and Office Assistants is one of the main driving forces for candidates to opt for a career in the various RRBs across the country. 

With the release of official notification for the IBPS RRB exam 2020, candidates must go through the salary structure for the various posts along with the perks, benefits, job profile and career growth of an employee in the Regional Rural Banks.

IBPS RRB Exam is conducted by the Institute of Banking Personnel Selection (IBPS) to recruit candidates in various Regional Rural Banks across India. IBPS RRB recruitment is done in the following posts:

Does the IBPS RRB Salary motivate you to prepare for the upcoming Regional Rural Bank exams??

Prepare with the Free Online IBPS RRB Mock Test.

Also, the links given below shall help you prepare for the IBPS RRB exam for  various posts:

In this article, we will talk about the basic pay scale and salary of a Regional Rural Bank Officer and Office Assistant. Candidates willing to apply for the upcoming IBPS RRB exam can check the IBPS exam dates from the linked page. 

As for 2020, IBPS has released over 9000 vacancies to recruit candidates at Officer and Office Assistant posts. To know about the latest IBPS RRB Notification and recruitment process, candidates can refer to the linked article.

Bank Exams 2020

Discussed below is the detailed IBPS RRB salary structure for various posts.

IBPS RRB Salary As Per Bipartite Settlement

The IBPS RRB Salary varies according to the scale of the officers.

The salary structure for IBPS RRB office assistants is in the range of Rs. 7200-400/3-8400-500/3-9900-600/4-12300-700/7-17200-1300/1-18500-800/1-19300. Rs. 19000- Rs. 22000 is the cash in hand for new joiners. 

The detailed IBPS RRB Salary as per the officer scale are given in the table below:

IBPS RRB Salary 
IBPS RRB Posts IBPS RRB salary (In-hand Salary)
IBPS RRB Office Assistant (Multipurpose) Rs. 15000 – Rs.19000
IBPS RRB Officer (Scale I) Rs. 29,000 – Rs. 33,000
Officer Scale-II Rs. 33,000 – Rs. 39,000
Officer Scale III Rs. 38,000 – Rs. 44,000

For further details on bank employees salary, refer to the linked page. 

Candidates can also check the salary structure for other posts in the banking sector in the articles mentioned below:

IBPS RRB Salary – Allowances

The IBPS RRB Salary includes Dearness Allowances and HRA for all the scales. 

The table below provides detailed information of all the allowances provided to the IBPS RRB Officers.

IBPS RRB Salary Allowances 
Dearness Allowance 46.5% of the basic pay.
House Rent Allowance For Rural Areas: 5% of the basic pay

For Semi-urban Areas: 7.5% of the basic pay

For Urban Areas: 10% of the basic pay

Special Allowances 7.75% of the basic pay.

Apart from these allowances, there are also the following perks tagged along with the IBPS RRB Salary in India:

  • Travel Allowances: There is an option provided by the bank for full travelling allowance or reimbursement of the money spent on petrol/diesel.
  • Leased Accommodation: Banks mostly provide their employees either a bank quarter to stay in or gives an option to lease a house for which the bank is accountable for providing the rent.
  • Medical Reimbursement: The banks also provide a fixed amount to their employees for medical treatment.
  • Pension Schemes
  • Miscellaneous

To be well prepared for the upcoming Regional Rural Bank exams, candidates can also check the detailed section-wise IBPS RRB Syllabus at the linked article.

Related links:

IBPS RRB Officer Scale I – Career Growth

IBPS RRB Officer Scale-I is a position for the post of Manager Trainee in the Regional Rural Banks or Gramin Bank. The in-hand salary of IBPS RRB Officer ranges from Rs. Rs. 29,000 – Rs. 33,000

The probation period will be of two years, and after its completion successfully, the Manager Trainee will be promoted to Assistant Manager. The career growth of IBPS RRB Officer Scale I is mentioned below:

  • IBPS RRB Officer Scale I (PO) 
  • Assistant Manager  
  • Deputy Manager
  • Branch Manager
  • Senior Branch Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager  
  • General Manager

The roles and responsibilities of IBPS RRB Officers vary from post to post under different departments. There are other government exams which 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.

Government Exam 2020

Frequently Asked Questions on IBPS RRB Salary

Q 1. What is the pay scale of an Officer in Regional Rural Banks?

Ans. The pay scale of an IBPS RRB Officer is 14500-600/7-18700-700/2-20100-800/7-25700.

Q 2. What is the monthly IBPS RRB Office Assistant Salary?

Ans. The basic monthly salary of an Office Assistant in RRB varies between Rs. 15,000/- to Rs.19,000/- per month.

Q 3. What benefits are provided to an employee in IBPS RRB?

Ans. Apart from the IBPS RRB Salary, there are various perks and benefits which are provided to candidates:

  • House Rent Allowance
  • Medical Allowance
  • Travel Benefits
  • Medical Reimbursement
  • Miscellaneous Allowances (Newspaper, Petrol, etc.)
  • 1984 Riot Victims – 5 years

Q 4. What is the job profile of an IBPS RRB Officer?

Ans. An Officer in a Regional Rural Bank has various responsibilities to fulfil. These include:

    • Customer Dealing
    • Bank Retail Operations
    • Loan Documentations
    • Verifying Cash and Payment Transactions
    • Maintaining Important Data and Files

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