Open Guide- IBPS PO offers an attractive salary to an officer. Bank provides the officer with allowances and special emoluments. Given below are the details of the allowances provided by the to the bank officer.
The revised basic salary of IBPS PO is Rs 27,700/-
Dearness Allowance:-Dearness Allowance is increased by the banks every quarter according to the consumer Price Index announced by the government. DA will depend on the inflation or vice versa. The last revised DA for the banks was 39.80 of the basic pay.
Special allowance: - Special Allowance will be provided by the banks for the officer .The last SA provided by the banks were 7.75% of the basic pay.
House Rent Allowance:-This varies according to the person’s place of posting. It can vary from 7.0% to 8.0% or 9.% according to the population of the city.
Leased Accommodation:- Banks provide accommodation to the officers as in quarters or a rented house. The bank will pay the rent to the owner.
Travelling Allowance:-Traveling allowance will be provided to the officer pay to his/her petrol diesel bills.
Newspaper Reimbursement:- Money will be paid to the officer to have an newspaper to the bank po .
Medical Aid-Bank will also provide medical aid to the officer is the revised fee for the medical aid is Rs 8000 pa.
Cash in Hand: - The officer will get a final salary of Rs 37,360 in hand.
