The new IBPS PO 2022 salary is based on the 11th Bipartite Agreement, which was signed in November 2020. The base salary has been increased to Rs. 36,000, with the updated IBPS PO Salary taking effect in November 2017.
Check the below-tabulated statistics for the updated compensation structure as per the 11th Bipartite Agreement, which was announced in November 2020.
| IBPS Bank PO Salary Structure in India | |
| Basic Pay | Rs. 36,000 |
| Special Allowance | Rs. 5,904 |
| Dearness Allowance | Rs. 8,593.20 |
| CCA | Rs. 1,400 |
| Learning Allowance | Rs. 600 |
| DA Others | Rs. 1,552.50 |
| Housing Rent Allowance | Rs. 3,240 |
| Gross Salary | Rs. 57,289.70 |
| Deduction (Tax & NPS) | Rs. 4,659.32 |
| Net Salary | Rs. 52,630.38 |
The 11th bipartite settlement agreed on a wage increase for bank workers in November 2017. The revised salary would be valid for five years, until 2022, or until IBPS revised it. The acceptance of the 11th bipartite settlement has benefited about 8.8 lakh employees. There is a provision for timely salary increases for IBPS PO officers.
Other benefits of an IBPS Probationary Officer include a Learning Allowance, Travel Allowance, Newspaper Reimbursement, Medical Aid, and benefits under the New Pension Scheme, among others. If we add everything together, the pay might be more than Rs. 52,000.
IBPS PO is a prominent position in the banking industry that offers several incentives to workers. During probation, a Probationary Officer is taught various activities such as finance, billing, collection, accounting, revenue, investment, etc. They may also be expected to perform additional duties such as:
According to the official release of the IBPS PO recruitment test, the following are the highlights of bank exam eligibility:
| Particulars | Details |
| Age Limit | 20-30 years |
| Nationality | Indian |
| Educational Qualification | Graduation (Minimum) |
The IBPS PO exam has a lower and upper age limit of 20 years and 30 years, respectively. On the other hand, candidates from reserve categories receive an age reduction. It should be mentioned that the candidate must have been born on or after August 2, 1991, and before August 1, 2001.
IBPS gives reserved category applicants with age reservations. The following are the essential points for age relaxation per category:
| Category | Age Relaxation |
| SC/ ST (Scheduled Caste/ Scheduled Tribe) | 5 years |
| OBC (Other Backward Classes – Non-Creamy Layer) | 3 years |
| PwD (Persons With Disabilities) | 10 years |
| Ex-servicemen, Commissioned Officers (including Emergency Commissioned Officers (ECOs)/Short Service Commissioned Officers), and others (SSCOs). These applicants must have served at least 5 years in the military and been discharged upon completing their assignment, including those whose duty is due within a year. | 5 years |
| Persons affected by 1984 riots | 5 years |
Candidates that meet the following requirements are eligible to apply:
A citizen of India, a person of Nepal, a person of Bhutan, or a Tibetan refugee who arrived in India before to January 1, 1962, to permanently stay in India, or
An individual of Indian descent who moved to India permanently from Pakistan, Burma, Sri Lanka, East African countries Kenya, Uganda, the United Republic of Tanzania (previously Tanganyika and Zanzibar), Zambia, Malawi, Zaire, Ethiopia, and Vietnam.
The minimum bank PO qualification required to apply for IBPS PO openings is a graduation or equivalent degree in any field from a recognized university. The following are key aspects to remember before applying for the IBPS PO test 2021:
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